They hit the ceiling this week. The Treasury skipped the announcement of the usual mid-month 3 year and 20 year note auctions. That means we now face reduced Treasury supply until the debt ceiling is raised. That a big bullish impetus for the duration of the impasse. Show More Summary
It appears the hope that a centrist candidate will win the French election is enough to trump tumbling macro-economic data, disappointing earnings, and flailing inflation in the US economy. June rate hike odds have spiked to 69% overnight (even as debt ceiling risks begin to price in... Show More Summary
Do you remember when GOP Senators and Representatives were portrayed as literal monsters for forcing the Government to shut down? We were told back in 2013 that if GOP-lead Congress didn’t keep the Government open… we would face literal...Show More Summary
What’s even more ridiculous than the US debt ceiling, a bizarre political concoction that forces Congress to effectively reapprove budget funds that were already spent? How about Republicans not being able to raise the ceiling on themselves? "The...Show More Summary
Pelosi said she and fellow Democrats would support increasing the debt ceiling so long as it would be a "clean" increase that would be free of GOP add-ons. Continue reading ? The post Pelosi backs Trump administration on debt ceiling increase appeared first on PBS NewsHour.
Treasury reset the debt ceiling at $19.8 trillion this month and Mnuchin has begun employing accounting gimmicks to permit the government to avoid defaulting on obligations such as interest payments, Social Security benefits and other payments.
Top House Democrat Nancy Pelosi says she supports the Trump administration's request to increase the government's borrowing limit. The increase was requested by Treasury Secretary Steven Mnuchin in two letters … Click to Continue »
Forget the impact the spectacular health-care debacle will have on the future of tax reform or plans for an infrastructure deal. You need to focus on two freight trains racing toward each other at high speed: the budget and the debt ceiling. Leave aside the impending fight over the looming expiration of the continuing resolution […]
On one side of the Atlantic, we have the United States of America, which triggered yet another debt ceiling disaster last Thursday when the US government's maximum allowable debt reset to just over $20 trillion. Of course, the US national debt is pretty much already at $20 trillion... Show More Summary
I don’t mean to panic anyone, but the US breached the debt ceiling on March 16th and the current extension on the Fiscal Year 2017 continuing budget resolution runs out on April 28th. Given the dysfunction within the majority caucuses in the House and the Senate, the fact that the new Administration’s skinny budget has […]
Dear United States Conservative Politicians, I miss arguing with you guys. I can’t believe I’m saying this, but I miss the maddening arguments about debt ceilings, the death sentence and even states rights. You may have noticed we don’t...Show More Summary
... the longer a debt ceiling stalemate goes on in congress, the more trapped President Trump will be. The cherry on top is the Federal Reserve's move to raise interest rates the same day the debt ceiling truce expired. That will thunder...Show More Summary
Authored by Michael Snyder via The Economic Collapse blog, On Wednesday, the temporary suspension of the debt ceiling ended, and so now the federal government is not going to be able to go into any more debt until the debt ceiling is raised. Show More Summary
Trump's going to kill Big Bird and the olds, Paul Ryan MIGHT raise the debt ceiling, and Hannity pulls a gun! Your morning news brief!
Reaching 218 votes in favor of raising or suspending the debt ceiling might be harder than in any previous fiscal showdown. President Donald Trump almost certainly wants to raise the ceiling, but he may not have the votes. While Republicans...Show More Summary
They shouldn't pass up the opportunity to play hardball.
Today's Water Cooler: TPP, debt ceiling, ACA/AHCA, Maddow implosion, business outlook, manufacturing, blockchain, McDonald's, Boeing 7373
On Thursday (March 16), the government's ability to borrow more money will be frozen. And the consequences could be catastrophic. But would Congress really let that happen? It's more likely than you think... Tags: debt ceiling To get...Show More Summary