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debt ceiling Tag

Posted by Kemberlee Kaye on September 08, 2017 11 Comments
Friday, Congress passed a three-month debt ceiling hike along with a multi-billion dollar package that will provide federal aid to victims of Hurricane Harvey. The bill also provides aid to those as of yet impacted by monster storm Hurricane Irma.

Posted by Mary Chastain on July 31, 2017 19 Comments
After failing to do anything with Obamacare, Congress has gone on recess without addressing the debt ceiling. Treasury Secretary Steven Mnuchin has warned Congress to address the debt ceiling for the past seven months and do something before recess. Mnuchin said the government needs to raise the debt ceiling before September 29 or it will run out of money to pay the bills.

Posted by William A. Jacobson on November 20, 2011 14 Comments

The so-called Super Committee is on the brink of failure, if it has not already failed: The congressional committee tasked with reducing the federal deficit is poised to admit defeat as soon as Monday, and its unfinished business will set up a year-end battle over emergency...

Posted by William A. Jacobson on August 06, 2011 16 Comments

Barack Obama never put forth a debt reduction plan.  Ever. All Obama did was talk in generalities about what he might be willing to consider as part of a "grand bargain," but it always was vague, the equivalent of voting present.  But when Republicans put forth...

Posted by William A. Jacobson on August 02, 2011 28 Comments

I was most interested in the discussion (starting around 3:15) about whether the debt deal was a victory: Watch the latest video at video.foxnews.com...

Posted by William A. Jacobson on July 31, 2011 23 Comments

Obama just gave a press statement. Says the leaders of both parties in both chambers have reached an agreement "that will reduce the deficit and avoid default." Deal is $1 trillion in spending cuts, but not "so abruptly that a drag on our economy." Second part of agreement...

Posted by Michael Alan on July 28, 2011 7 Comments

The latest talking point on the left is that Speaker Boehner’s plan to raise the debt ceiling by $1 trillion with a roughly equitable amount of cuts is a “temporary,” “short term,” or a “band-aid” solution and, while the bill may not even reach the...

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