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Latest blogosphere posts tagged “new debt”
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 ...3 days ago
ZeroHedge — Authority: 722
The venerable UBS floorman asks (and answers) an interesting question. With the re-institution of the payroll tax and higher level rates and with spending lowered by sequestration, will the Treasury need to offer fewer bonds? And if so, will the Fed remain steadfast in its purchasing size ( good for bond bulls since ...2 weeks ago
heave-ho.org — Authority: 159
Some of us have been warning from the start that forced defaults, sequestrations, and similar devices only end up empowering the executive branch. If Congress wants to determine the shape of spending cuts, it must write a budget. If it simply tells the executive, "spend less in every category," it grants the executive ...4 weeks ago
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