The debt ceiling as explained by the Government Accountability Office is:
Republican members of Indiana's Congressional Delegation split their votes on the latest budget deal which funds the government for the next two years, lifts
the debt ceiling as well as increases spending on defense and domestic programs.
or else raise the debt ceiling for a lot longer, until after the 2018 elections (denying Democrats the tool for a long time, eliminating
the debt ceiling as an issue during the 2018 campaign, and allowing Congress to deal with it the next time fresh off an election and relatively safe from concerns about the following election in 2020).
But personally, even as a staunch Democrat who will likely support any policy they choose to push using
the debt ceiling as leverage, I still don't like it.
Like Mann and Ornstein, we can take the politics of
the debt ceiling as our example.
Further, according to BofA - Merrill's analyst team at a midyear press conference on Wednesday in New York, any positive budgetary effect of the tax increases would be overshadowed by the growing burden of the U.S.
debt ceiling as spending and hiring decisions are put on hold and the election heightens partisanship.
Not exact matches
... didn't do it so now we have a big deal with Dems holding them up (
as usual) on
Debt Ceiling approval.
«The Harvey relief would pass on its own, and to use that
as a vehicle to get people to vote for a
debt ceiling is not appropriate,» he said.
This year's winners incorporated the advent of the information age and developed models of how markets can also respond to day - to - day and minute - by - minute information, such
as the minutiae involved in the current budget battle and
debt -
ceiling talks in Congress.
Reid's proposal would raise the
debt ceiling enough so that it wouldn't have to be reconsidered until 2013, beyond the 2012 elections,
as demanded by Obama.
While both plans would increase the
debt ceiling, ratings agencies have said a short - term increase such
as the one proposed by House Republicans may not be enough to protect the U.S. from a ratings downgrade.
So now the stakes are high,
as The White House has refused to negotiate with the GOP on a
debt ceiling hike.
Momentum disappeared
as Congress became fixated on the
debt ceiling and Obamacare.
Republicans are demanding spending cuts to reduce the budget deficit
as the price for supporting an increase in the
debt ceiling.
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.
As quid pro quo for lifting the U.S. government's
debt ceiling last year, Republicans in Congress demanded $ 1.2 trillion worth of budget cuts over the next decade to drag Washington back into solvency.
He says he does think that under current law such coins would allow the Treasury to circumvent the
debt ceiling, but that he «couldn't believe» it is gaining traction
as a serious proposal.
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.
Limbaugh devoted a segment of his show today to slam Krugman and others that have begun to advocate the coin
as a serious proposal to circumvent the
debt ceiling if Congressional Republicans refuse to raise it by the «X date» that could come
as soon
as Feb. 15.
While a temporary compromise over the country's
debt ceiling pushed that deadline back to at least August, the sequester — sweeping automatic spending cuts mandated by cliff legislation — could kick in
as soon
as March 1.
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.
The Republican - led Congress has struggled immensely over the past eight months, and the party now faces further division
as they return and urgently need to raise the
debt ceiling to avoid a government shutdown, pass an aid package for Hurricane Harvey — some of which is expected to be tied to the raise of the
debt ceiling — and now reach a decision on DACA.
Debt - ceiling battles have scuttled previous attempts to build and subsequently maintain this stockpile, so when the debt ceiling was suspended in early February, the Treasury ratcheted up issuance out of the gate as soon as they got the green li
Debt -
ceiling battles have scuttled previous attempts to build and subsequently maintain this stockpile, so when the
debt ceiling was suspended in early February, the Treasury ratcheted up issuance out of the gate as soon as they got the green li
debt ceiling was suspended in early February, the Treasury ratcheted up issuance out of the gate
as soon
as they got the green light.
The fund had stern words for American policy makers: avoid the «fiscal cliff» and lift the
debt ceiling promptly, for the sake of the United States economy
as well
as the world's.
The bill's passage also potentially complicates Treasury issuance relative to the
debt ceiling,
as lower tax receipts under the new tax plan could cause Treasury to run out of extraordinary measures earlier than originally thought.
I hope if there's more
debt -
ceiling nonsense Weiss will bring in Pigasse
as an advisor.
DeMarco: It's not only the
debt ceiling; the continuing resolution on the federal budget is set to expire on December 8
as well, and there are some concerns about whether Congress will be able to avoid a government shutdown.
The Fed is expected to continue raising rates, while Congress needs to wrestle with big - ticket issues such
as tax reform, the
debt ceiling, and the federal budget.
And there is no shortage of potential catalysts to move this rally in precious metals, both gold and silver, beyond the skepticism phase: military intervention on North Korea, government shutdown
as the
debt ceiling is reached in September, further implications of Trump's collusion with Russia, and the beginning of balance sheet reduction later this year by the Fed, to name just a few.
«The Harvey relief would pass on its own, and to use that
as a vehicle to get people to vote for a
debt ceiling is not appropriate,» he said in an interview.
Kleintop added that he travels across the country and meets with LPL's 17,000 affiliated advisors, who are all reading the news and paying attention to issues such
as the
debt ceiling and the Federal Reserve's quantitative easing (QE) program.
«The Harvey relief would pass on its own, and to use that
as a vehicle to get people to vote for a
debt ceiling is not appropriate,» he said an interview with The Washington Post, signaling agreement with what Trump's approach on the matter has been.
There were several possible catalysts suggested for this spike in concerns about a favorable outcome of the
debt ceiling negotiation, which has to be concluded ahead of the Treasury's X Date, now expected
as early
as October 1: some cited Steven Mnuchin's interview on CNBC, in which the Treasury Secretary said that the additional spending needed to help Texas recover from Hurricane Harvey may reduce the amount of time Congress has to increase the federal
debt limit; another possibility was month - end liquidity needs and relative positioning across the curve.
«Look, some members are going to vote against the
debt ceiling under any circumstances and they want their «no» vote to be
as easy
as possible,» said Rep. Charlie Dent, R - Pa.
The trigger would be the US
Debt ceiling - which will need to be hiked by US Congress
as we feel that in November or December 2015 - US Fed will be «out of funds».
As they return to the nation's capital Tuesday from the monthlong summer recess, members of Congress have only weeks to fund the federal government, raise the
debt ceiling, and reauthorize a health insurance program that benefits thousands of Maryland children.
Of course the irony is that the current
debt ceiling debate does not address any of the very important longer term fiscal issues that face the US such
as Medicare funding and other booming social costs that lay ahead — these issues are not even on the table.
With big - ticket items such
as the
debt ceiling in question, other legislative issues that would ordinarily receive considerable attention have gone almost unnoticed.
As this chart from Bespoke Investment Group shows, each seeming challenge from the news cycle — the Mueller probe, the
debt ceiling, the Fed tightening — was deflected by markets that were determined to push higher.
The idea is that it would prevent a big to - do over raising the
debt ceiling,
as Democrats are saying the
ceiling has to be raised but Republicans are saying it can't be.
«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.
Variations on that line have been going through my head ever since the
debt -
ceiling debate cranked up in earnest a few weeks back — to me, it explains the fundamental strength that conservative Republicans possessed
as the negotiations progressed.
The question of who would hold responsibility for a failure to raise the
debt ceiling and a government default, posed
as a hypothetical question, has received quite a bit of polling and a substantial majority say they would assign the blame squarely on the Republican party
The deal that passed on Friday did the opposite by attaching an increase in the
debt ceiling to more spending to keep the government open,
as well
as adding money for hurricane relief without making any spending cuts elsewhere.
So
as you're gearing up for the next round of Hill fights (including those exciting sequels, «Return of the Avenging Sequester» and «The
Debt Ceiling Rides Again!»)
As Congress returns to town today, the president faces weeks of hard negotiations to overhaul the tax code, raise the
debt ceiling, keep the government open, finance his border wall, and secure relief and reconstruction money for areas devastated by Hurricane Harvey.
Add on top of all this that this is a
debt ceiling debate and you end up with a strong desire to not be seen
as the one who is forcing the country into a shutdown.
The House has no budget and no specific plan for preventing a government shutdown or
debt ceiling breach
as it heads into its August recess.
Last night, the White House and Congressional leaders struck a budget deal in order to raise the
Debt Ceiling until March 2017,
as well
as to raise the Sequester spending caps for Fiscal Years 2016 and 2016 (by $ 50 billion and $ 30 billion respectively).
As the political parties assess the shutdown /
debt ceiling fight and its effects on the political landscape, a lot of Democrats are perking up at the possibility that Republican congressmembers who looked unbeatable a month ago might be more vulnerable than they appeared.