debt ceiling
61 pieces tagged “debt ceiling”, newest first.
The Bucks Don't Stop With the Debt Ceiling
When Congress returns on April 25, they'll have just four days to prevent a government shutdown over debt.
Budgeting in Wonderland
One need not be intricately familiar with the tale of "Alice's Adventures in Wonderland" to appreciate that the federal budget process has similarly become an alternate reality replete with sketchy characters, peril and the absurd. In the latest trip down the Beltway rabbit hole, a Republican-led Congress relied on Democratic votes to produce a two-year budget agreement that removed the limit on Uncle Sam's credit card and increased spending now in exchange for offsetting spending cuts and revenue increases that will mostly occur 10 years from now. Well, that's if future Congresses stick to the offsets.
Paul Ryan Starts Off on Wrong Foot With Budget Deal
Grass-roots conservatives have many unrealistic expectations and political objectives. And then sometimes they have a good point. The new budget deal arranged by John Boehner and Democrats — approving $50 billion of additional spending in 2016 and $30 billion in 2017 — will be split between domestic discretionary programs and defense. Cuts will supposedly take effect in 2025, by which time this deal is likely to be buried under a dozen budget debates and a trillion dollars of bad memories for fiscal conservatives.
Lame Ducks, Lame Deal: The Boehner-Obama Budget Plan
When I had just started to raise a family, and I struggled to make my small business turn a profit, I had to make decisions about what bills to pay based on priorities and due dates. Sometimes, the struggle to balance the checkbook would be a painful one, and we had to do without some things as "luxuries" — even if we hadn't considered them luxuries before.
This Is the Worst Budget Deal GOP Has Negotiated Since George H.W. Bush Violated No New Taxes Pledge
Halloween is looking especially scary this year. On Monday, Republican leaders in Congress declared an unconditional fiscal surrender to President Barack Obama and the left, negotiating a dangerous budget deal that eliminates all of the checks on Washington's spend-and-borrow binge by breaking the budget caps, ending the sequester and raising the debt ceiling by over $1 trillion.
Generous to a Default?
If you thought your credit was a mess, you should see the government's! With daily payments as high as $60 billion, America has been testing the brakes at the brink of spending crisis after spending crisis. Now, days away from maxing out the government's virtual credit cards, the House and Senate are in a mad scramble to put another financial fire out: the prospect of defaulting on America's loans.
GOP Must Not Allow Obama and Big Spenders in Both Parties to Blow Through Spending Caps
It hasn't gotten much attention, but two big budget showdowns are looming in Washington in the weeks ahead. The first is what to do about raising the $18 trillion debt ceiling. And the second is whether to retain the spending caps/sequester cuts in the 2016 budget. Treasury Secretary Jack Lew announced last week that Congress will bump up against the debt ceiling in November.