Sentences with phrase «debt ceiling in»

I am in the odd position of being relatively bullish regarding the debt ceiling in DC, which is near me, and affects my local economy.

That fallback proposal is known as McConnell / Reid, a procedurally complicated measure - worked out by Senate Minority Leader Mitch McConnell and Senate Majority Leader Harry Reid - to raise the debt ceiling in stages between now and the end of next year.

Even worse, Reed advocates a default on the debt ceiling in a few weeks, which would cause major damage to our economy while threatening delivery of Social Security checks, Medicare payments and Veterans benefits.

The U.S. is scheduled to hit the debt ceiling in March 2015, setting the stage for a political showdown as the potential for default is leveraged for political concessions.

«The choice for Republicans is clear: they can keep Richard Hanna, who votes to raise taxes, to extend U.S. debt to economically dangerous levels by voting with Obama, Reid and Pelosi to raise the debt ceiling while bankrupting our nation, or they can choose a commonsense Republican like me who has a proven record of voting to reduce taxes, voting against the implementation of Obamacare in New York, votes against funding an illegal database (including ammunition database) against legal gun owners, voting against increasing our debt ceiling in New York and supports countless initiatives to reduce the burdens of government red tape on individuals and small businesses, including family farms,» Tenney said.

Because everyone knows that, rationally, Congress will vote to increase the debt ceiling in the last stage of the game, that affects how the earlier stages of the game are played: Congress votes for new programs, anticipating that funds for the new programs will be paid for by borrowing.

With big - ticket items such as the debt ceiling in question, other legislative issues that would ordinarily receive considerable attention have gone almost unnoticed.

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.

«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.

It is that «U.S. policymakers will prevent the drastic automatic tax increases and spending cutbacks (the fiscal cliff) implied by existing budget law, raise the federal debt ceiling in a timely manner, and make good progress toward a comprehensive plan to restore fiscal sustainability.»

Big - business leaders are fed up with the tactics of conservative Republicans, who instigated a partial closure of the Federal government and engaged in brinksmanship over the debt ceiling in a failed effort to stop the implementation of the Affordable Care Act.

Not exact matches

In September, the funding legislation was attached to a debt - ceiling increase.

Congress must act by Sept. 29 in order to raise the debt ceiling, a more contentious vote than the one for Harvey aid.

«Providing aid in the wake of Harvey and raising the debt ceiling are both important issues, and Democrats want to work to do both,» they said.

To wit, reports Tuesday suggested the Treasury Department was preparing drastic measures in case the debt ceiling is not raised.

This creates a situation not unlike last year's debt - ceiling showdown in the United States.

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.

Conservatives don't want to raise the debt ceiling without getting anything in return, but his caucus can't agree on any type of compensation.

With the Senate finally voting this afternoon to raise the debt ceiling, enough time has probably elapsed for us to start laughing about the absurdist tragedy that played out in Washington D.C. over the last couple months.

Perhaps he proposed both initiatives because he was appalled by the behavior of D.C. politicians in the summer scuffle over the debt ceiling and because he believes the public sector right now is incapable of microfinancing in the service of jobs creation.

And in October or November, according to the latest estimates by the Congressional Budget Office (CBO), the government will once again hit its self - imposed debt ceiling, a legislated limit on how much the country can borrow.

Putting up with a few shuttered federal agencies seems like an OK price to pay if it brings the extremists to the negotiating table in time for a compromise on the debt ceiling.

After pinching pennies to avoid a U.S. default on debts in July, U.S. Treasury Secretary Tim Geithner now insists Uncle Sam will have to break its obligations to creditors in August unless the federal government's debt ceiling is raised.

Does anyone think the current discussions on raising the U.S. government's debt ceiling will result in anything other than approval?

With this, the White House has now ruled out the two best options for preventing a default in the event that the House GOP refused to life the debt ceiling.

Republicans are demanding spending cuts to reduce the budget deficit as the price for supporting an increase in the debt ceiling.

It still makes sense, then, to ask: How would a debt - ceiling breach play out in Canada?

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.

They insist that spending and debt ceiling bills are vital in their own right and should not come with conditions attached.

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.

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.

Obama's jobs plan (speech transcript) has to win the approval of the same debt hawks in Washington who recently gave Standard & Poor's an excuse (read the press release here) to downgrade America's credit by threatening to not raise the nation's 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.

Walden didn't get too specific when asked what he would demand from President Barack Obama and other Democrats in order to lift the debt ceiling.

In the category of «Well, that... didn't... work out,» leading Tea Party Republican Ted Cruz, who has been at the forefront of the shutdown and debt ceiling offensive, commissioned a poll.

But he did say he subscribed to the so - called «Boehner rule» that demands one dollar in spending cuts for every dollar increase in the debt ceiling.

One exchange he said he would not accept: banning the trillion - dollar coin in exchange for a permanent elimination of the debt ceiling so that it would be automatically raised.

What Walden is suggesting is not quite the issue — Nadler and others in the media have proposed issuing the coin to continue paying the nation's bills in the case that the debt ceiling is not raised.

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.

Last week, I wrote that the upcoming Kabuki theatre in Congress, over a possible government shutdown and the debt ceiling, might convince the Federal Reserve to postpone the QE tapering past its next rate - setting meeting in mid-September.

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.

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.

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 liDebt - 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 lidebt ceiling was suspended in early February, the Treasury ratcheted up issuance out of the gate as soon as they got the green light.

In past debt - ceiling episodes we have proactively raised liquidity levels for an added buffer in the event of prolonged market dislocationIn past debt - ceiling episodes we have proactively raised liquidity levels for an added buffer in the event of prolonged market dislocationin the event of prolonged market dislocations.

The fund's economists also noted the adverse market reaction caused by the brinkmanship over the debt ceiling last year in a separate analysis of the global capital markets.

«In the second half of 2012, the headlines will really be focused on the debt ceiling and the Bush tax cuts,» Meyer said.

36 One such exceptional period was in mid-October 2015, amid some market concern about the debt ceiling that eventually abated.

I hope if there's more debt - ceiling nonsense Weiss will bring in Pigasse as an advisor.

In times of annual deficits, the debt ceiling is another powerful tool that Congress has to effect potential changes to the President's budget plan.