Sentences with phrase «around the debt ceiling»

Walden took interest in proposing legislation to ban the option because he thought the idea of minting a platinum coin to work around the debt ceiling was a particularly absurd idea that exemplified «the problem of people in Washington not understanding the reality» of the national debt.

The idea of minting a trillion - dollar coin has picked up as an option that would allow the Treasury to temporarily print money to pay the country's bills and work around the debt ceiling.

Well, the political gridlock in Washington has led to a game of brinkmanship around the debt ceiling (which needs to be acted on in the next two weeks), a failure to pass a solid budget, and no consensus whatsoever about how to start reducing the deficit by either cutting spending or raising taxes.

Not exact matches

The deal, which is still making its way through Congress after an eleventh hour push from party bigs, has three main components: It immediately raises the debt ceiling, includes around $ 2.1 trillion in spending cuts over the next 10 years, and creates a special Congressional committee to come up with long term deficit - reduction suggestions by this Thanksgiving.

First, the debt ceiling will expire around election time, so the government will face another shutdown and it will be politically brutal to assemble a majority in a lame duck session to raise it by the trillions that will be needed.

Everybody needs to read William Voegeli's awesome post on how Obama is running circles around the congressional Republicans in the public argument over the debt ceiling increase and cutting the deficit.

Not coincidentally, the current plan is for such changes to be debated and, Republicans hope, passed sometime around the end of the year — the same time the debt ceiling will be coming back up.