debt limit

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  • BREAKING: Extraordinary measures become standard as debt limit hit again


    Authority Authority:
    The United States bumped up against its borrowing limit Sunday, forcing the Treasury Department to employ “extraordinary measures” to make sure the government keeps paying its bills. After a brief hiatus, the nation’s debt limit has returned as a major hurdle for Washington to overcome, and one that will play a ...
    3 days ago
  • Washington Hits the $16.7 Trillion Debt Ceiling with $300 Billion in New Debt


    Authority Authority:
    On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But the cash won’t run dry until at least Labor Day, according to Treasury Secretary Jack Lew , whose department can employ a variety of cash management tools to continue ...
    4 days ago
  • House Passes Debt Prioritization Measure


    Authority Authority:
    With another debt ceiling fight potentially brewing, the House of Representatives passed the Full Faith and Credit Act, sponsored by Rep. Tom McClintock (R-CA), which would require the Treasury Department to prioritize debt service and Social Security payments to keep the United States’ credit rating intact: ...
    1 week ago
  • GOP digging itself a debt limit hole


    Authority Authority:
    The time has come to take these guys on Politico reports today that House Republicans are scrambling to put together a list of demands for raising the debt limit. Those arent the words that Politico uses, of course—that would be too impolite. But effectively, thats what the story is about: the developing GOP ...
    1 week ago
  • Obama Pays Down Debt, Smashes Republican House of Cards


    The People's ViewAuthority Authority: 128
    Oh boy. This is not good news for Paul Ryan . After four years of trillion-dollar deficits, the red ink is receding in Washington, easing pressure on policymakers and shattering hopes for a summertime budget deal. Federal tax revenue is up and spending is down thanks to an improving economy, January tax hikes and ...
    2 weeks ago
  • House Republicans and extortion for the sake of extortion


    Authority Authority:
    Today’s news is about Republican leaders in the House scrambling around to find something that they can blackmail Barack Obama and the Democrats with, so that they can threaten to crash the economy with a government default unless they get … Continue reading →        
    2 weeks ago
  • As red ink recedes, pressure fades for budget deal


    Authority Authority:
    After four years of trillion-dollar deficits, the red ink is receding rapidly in Washington, easing pressure on policymakers but shattering hopes for a summertime budget deal. Federal tax revenue is up and spending is down thanks to an improving economy, tax hikes enacted in January and the automatic budget cuts ...
    2 weeks ago
  • As red ink recedes, pressure fades for budget deal


    Authority Authority:
    After four years of trillion-dollar deficits, the red ink is receding rapidly in Washington, easing pressure on policymakers but shattering hopes for a summertime budget deal. Federal tax revenue is up and spending is down thanks to an improving economy, tax hikes enacted in January and the automatic budget cuts ...
    2 weeks ago
  • Congressional Budget Office: Federal budget deficit declining; $231 billion less than 2012 #BlameObama


    Authority Authority:
    Its Fund Drive Time for The Political Carnival. Our Support TPC page is at http://thepoliticalcarnival.net/supporttpc/ . We could really use the help. Thanks! First let me share a few headlines, then I’ll get into some detail. All of these are from The Hill, including the blog headline about the CBO ...
    2 weeks ago
  • Debt-limit fight emerges as House prepares to vote


    Authority Authority:
    Once again, the debt limit fight is re-emerging on Capital Hill. President Obama and Democrats want to raise the debt limit without any spending cuts. The President has threatened to veto the GOP bill because it’s “default by another name.” In a statement of administration policy, the White House said Tuesday ...
    2 weeks ago
  • Debt Limit and Tax Reform: Both Important, But On Their Own


    Authority Authority:
      Newscom Press reports link the coming debt limit debate with the building effort for tax reform. The debt limit and tax reform are both important, but the connection ends there, as it should. Suggestions that some sort of fast-track procedure for tax reform might be the conservative “ask” in exchange ...
    2 weeks ago
  • Secretary Lew Opposes Proposed Congress’ New Law That Prioritizes Payments of Treasury Securities — Videos


    Authority Authority:
    Rep. Yoder questions Treasury Sec. Lew Treasury Chief Warns of New World If US Defaults on Any Bills Read Latest Breaking News from Newsmax.com http://www.moneynews.com/StreetTalk/US-default-debt-ceiling/2013/04/25/id/501411?s=al&promo_code=134AA-1#ixzz2S0K088S7 Urgent: Should Obamacare Be Repealed? Vote ...
    3 weeks ago
  • Week in Review, or Micromanaging Research Budgets


    Authority Authority:
    Amidst the tragedies in Boston and Texas this last week, Congress debated gun safety, immigration, and whether the Director of the National Science Foundation (NSF) should have to certify all NSF research grants as “in the national interest.” Regarding the FY 2014 budget, new information emerged this week about ...
    4 weeks ago

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