There are really two stunning things about the movement to mint a trillion dollar coin to avert
a debt ceiling crisis.
OPEN Forum looks at the national
debt ceiling crisis through the lens of small business.
«This month's
debt ceiling crisis has driven the consumer mood nationally into the tank and in New York while the fall wasn't as steep, the tears are just as real,» said Siena statistics and finance Prof. Doug Lonnstrom, who is also the founding director of the college's Research Institute.
(CNN)-- The burst of enthusiasm Tuesday for the «Gang of Six» debt reduction plan as a possible way out of
the debt ceiling crisis appeared to fade Wednesday as Democratic and Republican lawmakers studied and found fault with the details of the proposal.
In that role, she reported on topics spanning the business world from covering the debt downgrade and
debt ceiling crisis to the latest in policy debates, legal issues, and technology trends.
Yes, I think a lot of people forget about bonds being defaulted on — yet it is in the news everyday with the crises in Europe and
the debt ceiling crisis at home.
Once in the financial crisis, once in 2011 just following
the debt ceiling crisis and U.S. downgrade, and for a very short time in the 2010 flash crash.
National Association of Realtors ® President Ron Phipps called on Congress to resolve the mounting
debt ceiling crisis before the August 2 deadline.
President Obama and lawmakers announced late Sunday that they had reached a deal on
the debt ceiling crisis, which still awaits full congressional approval today in order to meet the Aug. 2 deadline.
President Barack Obama and congressional leaders late Sunday announced they had reached a compromise in
the debt ceiling crisis, just in time to meet an Aug. 2 deadline.
Many real estate professionals have been eyeing the news closely as lawmakers have frantically tried to reach a solution to
the debt ceiling crisis over the past few weeks.
Not exact matches
We've seen that before: The bill that averted a
debt -
ceiling crisis earlier this year — by temporarily suspending the borrowing limit — would have frozen Congressional pay if the House or Senate had failed to pass a budget by April 15 (lawmakers would have received their salaries anyway at the end of the current legislature).
United States lawmakers will probably prevent the worst from happening — as they did in the
debt -
ceiling crisis — but nothing is likely to occur before November.
The cliff is the default outcome of the Budget Control Act of 2011, a federal statute that helped bring the U.S.
debt -
ceiling crisis to an end.
If you listen to the latest buzz, House Republicans are now thinking of triggering a
crisis over the
debt -
ceiling debate, likely coming up in late October, rather than the federal budget.
The Republican leadership might finally step in to «take the weapons of mass destruction away from the crazies,» as Mann puts it, refusing, for example, to allow another
debt -
ceiling crisis.
«Think about the political
crises over the last few years — sequestration, fiscal cliff,
debt ceiling — that all turned out to be non-events.»
There's also been the European
debt crisis, the unexpected
debt -
ceiling crisis and the lingering jobs
crisis.
By Gordon D. Giffin In the weeks leading up to the traditional August Congressional recess, the drama that played out in Washington over whether and how to raise the statutory federal
debt ceiling at times reached
crisis (if not comedic) proportions.
«The growing debacle surrounding the election of a new Republican House Speaker and the potential
crisis if Congress doesn't raise the
debt ceiling within the next month are additional risks that have sprung up in the past couple of weeks,» Capital Economics said in a research note last week.
«Before Brexit, there was Grexit and the European sovereign
debt crisis, Scotland's independence referendum, and the U.S. legislative gridlock over its
debt ceiling in 2011, which threatened to, out of whole cloth, create a default in the global benchmark risk - free asset,» Zezas adds.
Before Brexit, there was Grexit and the European sovereign
debt crisis, Scotland's independence referendum, and the U.S. legislative gridlock over its
debt ceiling in 2011, which threatened to, out of whole cloth, create a default in the global benchmark risk - free asset.
The stock market has not been at least 10 % below its peak since 2011, when a
crisis spurred by Congress» inability to come to a compromise on the federal
debt ceiling caused a plunge of over 10 %.
On Monday, the Dow finished down 4.6 percent, the biggest decline in percentage terms since August 2011, when investors were fretting over Europe's
debt crisis and the
debt ceiling impasse in Washington that prompted a U.S. credit rating downgrade.
The president's incompetence in the
debt -
ceiling pro-wrestling fake
crisis was rather stunning.
The
debt ceiling fight didn't lower the consumer confidence, the rising inflationary pressures food and gas, the european
debt crisis, the housing market crashing into a depression and the fact the job market is horrible (not being helped here by dodd / frank or obamacare) is whats driving the confidence down.
The humanitarian
crisis in Texas and Louisiana due to Hurricane Harvey has the potential to make it easier for Congress to address two contentious issues: raising the
debt ceiling and keeping the government running.
REP. Carolyn Maloney calls Washington «dysfunctional... as if the financial
crisis never happened and the nation's not struggling... Ending Medicare, undercutting financial reforms, delaying the
debt ceiling.
There were budget
crises, polarizing politics,
debt -
ceiling debacles, federal government shutdowns, and threats of austerity.
Yet for years, money markets haven't given their investors much income, and now the
debt -
ceiling crisis is raising new fears about the potential stability of the funds.
Investors have been confronted with the European
debt crisis, the fiscal cliff,
debt -
ceiling fights, fears about a double - dip recession, lackluster economic growth and a market correction.
It's been hard to ignore the recent news about our nation's current
debt crisis and whether or not Congress will vote to increase America's
debt ceiling — which is the amount of money the nation will be allowed to spend to continue paying what...
«Consumer confidence deteriorated considerably as the federal government shutdown and
debt -
ceiling crisis took a particularly large toll on consumers» expectations,» said The Conference Board's Lyn Franco in a statement.
If you watched any American TV this summer, all you would have heard about was the U.S.
debt -
ceiling crisis in Congress, a contrived event, designed to embarrass President Barack Obama.