The gap could widen, depending on the outcome
of the debt ceiling negotiations as the Treasury expects that the extraordinary measures to extend the nation's borrowing authority will be exhausted by October 17.
The talk you hear of «government default» because
of the debt ceiling refers to the first ever failure to make such payments ON TIME.
Wracked by signs of economic slowdown, which may be exacerbated by further uncertainty in the wake
of the debt ceiling agreement, investors sold stocks from late July through part of August.
January 31, 2014 • Consensus might be hard on the issues
of the debt ceiling and immigration, where the Tea Party wing has little in common with Speaker John Boehner and his allies in the House leadership.
Their progress reducing the 2011 federal budget by $ 100 billion and their determination to continue the fight as part
of the debt ceiling increase have been some of the best things we have seen come out of Washington in the last 2 1/2 years.
(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.
I think the edit about the lack
of debt ceiling addresses this well, actually.
And the only way the trust fund can get some cash to pay Social Security benefits is if the federal government draws it from general revenues or borrows the money — which, of course, it can't do because
of the debt ceiling.
The spectacle
of the debt ceiling debate in Washington did little to improve the national economy, Gov. Andrew Cuomo said at a bill singing ceremony this afternoon.
In addition to the issues
of the debt ceiling and the deficit, how would you generally sum up your campaign platform?
The House of Representatives approved a legislative package that includes a short - term extension
of the debt ceiling and billions of dollars in aid for Hurricane Harvey storm recovery.
However, at that same news conference, Cuomo was not exactly effusive in his praise of Obama's handling
of the debt ceiling debate in Washington.
keeping hurricane relief separate from the debt ceiling, and combining the raising
of the debt ceiling with spending cuts (potentially eliminating the Democrat ability to filibuster since they could not block raising the debt ceiling),
Israel, not surprisingly, hewed to the party line, blaming the Tea Partiers in the House GOP for the shutdown and the lack
of a debt ceiling deal, and pointing to recent polling that showed the Republicans are being blamed more than the Democrats for the mess in Washington — and could pay a price for it come 2014.
Like Mann and Ornstein, we can take the politics
of the debt ceiling as our example.
The sequester allowed the Republican leadership to back out
of the debt ceiling fight while backbenchers could posture that they had cut spending by $ 1.2 trillion in some to - be-determined way.
Unlike regular currencies, since Bitcoin is not controlled by any government or bank, the raising
of a debt ceiling and quantitative easing can not devalue Bitcoins.
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.
The stalemate in the US Congress will be tested again in the coming weeks when the issue
of the debt ceiling is discussed and deficit reduction and spending cuts («sequestration») again top the agenda.
The Fix's Amber Phillips explains the tight deadlines Congress faces this fall, and how President Trump's shutdown threat over funding his border wall and his criticism
of the debt ceiling «mess» threaten their agenda.
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.
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.
Not exact matches
«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.
With Congress dragging its feet on raising the
debt ceiling, there are a lot
of silly ideas making the rounds
of cable TV networks, blogs — and the halls
of Congress.
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.
And somewhere between mid-October and mid-November the Treasury will run out
of stop - gap measures to keep paying the government's bills and the
debt ceiling will have to be raised.
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.
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.
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.
They want the government to make decisions on a variety
of issues, including the
debt ceiling, spending and taxes.
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).
What's the point
of having a
debt ceiling when it only gets raised?
Irish betting site Paddy Power is now listing the odds
of the U.S. lifting its
debt -
ceiling at 1/5 ($ 1.20 return for $ 1 stake) and the odds
of default at 3/1 ($ 4 for $ 1 stake).
There were, among others, the
debt ceiling standoff - cum - rating downgrade
of 2011 and the fiscal cliff scare
of late 2012, followed by awfully - timed tax hikes and spending cuts earlier this year.
Even a
debt -
ceiling breach
of a week or two during which the U.S. Treasury keeps making principal and interest payments to bond holders might hurt the U.S.'s rating.
At the end
of the day, though, the biggest threat to Canada might likely come not from financial markets, but from what a
debt ceiling breach would do to U.S. consumer and business confidence and thus the pace
of growth south
of the border.
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.
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.
Among other events, there's a threat
of more skirmishes over the
debt ceiling and another government shutdown.
The contours
of the deal that would re-open the U.S. government and lift the
debt -
ceiling keep changing by the hour.
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.
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.
Conference Board officials speculated the drop may be a consequence
of the
debt -
ceiling debate and the subsequent downgrade
of America's credit rating by Standard & Poor's.
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.
Instead, if I want to hear his latest thoughts on
debt ceilings, sequesters and Rob Ford I need to jump through the hoops
of finding the show's Canadian license - holder, scan through the right episode (if I can find it) and then be entertained.
The language
of entrepreneurship, your business's
debt ceiling, a profile
of Groupon's Andrew Mason, and more.
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.
OPEN Forum looks at the national
debt ceiling crisis through the lens
of small business.