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Debt Ceiling Debate

Debt-Default Crisis 2015: Raise, and Then Raze, the Debt Ceiling (Part 1)

Victor Williams | Posted 05.17.2015 | Politics
Victor Williams

At the stroke of midnight, March 16, 2015, the debt ceiling was again breached. The Treasury Department has begun "extraordinary measures" to forestall the certain default. Jack Lew must rob Peter to pay Paul.

Debunking the 'Compromise' Myth

Joan E. Dowlin | Posted 09.20.2014 | Politics
Joan E. Dowlin

For years the GOP has been whining about how President Obama has not and will not compromise with them. They say he has shunned them from the beginning.

Jason Linkins

Want To Prevent More Debt Ceiling Fiascoes? Dick Gephardt To The Rescue! | Jason Linkins | Posted 02.12.2014 | Politics

On Tuesday, the House of Representatives did something that -- in the past -- wouldn't have garnered much attention: They passed a clean bill authoriz...

Enough Is Enough: Congress Must Pay Its Bills

Sen. Barbara Boxer | Posted 12.21.2013 | Politics
Sen. Barbara Boxer

How much more pain and uncertainty do Americans have to endure before Congress decides that it should pay the bills it has racked up? Businesses and families must always pay their bills and so must Congress.

Warren Buffett: 'Creditworthiness Is Like Virginity'

AP/HuffPost | Posted 12.16.2013 | Business

OMAHA, Neb. -- OMAHA, Neb. (AP) -- Billionaire Warren Buffett says it would be idiocy for the nation's leaders to allow the United States to default o...

Hatred: The Republicans' Core Problem

Carla Seaquist | Posted 01.23.2014 | Politics
Carla Seaquist

The Tea Party, while more radical than mainstream Republicans, shares with them the party's signature motive force: hatred.

Michael McAuliff

House GOP Eyes Next Debt Ceiling Move | Michael McAuliff | Posted 10.10.2013 | Politics

WASHINGTON -- House Republicans appeared to be searching for a way out of the fiscal showdown Wednesday, as reports surfaced that leaders were talking...

If Congress Doesn't Act The U.S. Goes To Hell On Halloween

The Huffington Post | Jillian Berman | Posted 10.08.2013 | Business

If the U.S. breaches the debt ceiling, Halloween is going to be truly terrifying this year. Though everyone is focused on October 17, the day the U...

IMF Warns On U.S. Default

Reuters | Posted 12.08.2013 | Business

WASHINGTON, Oct 8 (Reuters) - A default by the United States would like lead to a recession "or even worse," the chief economist at the Internationa...

Government Shutdown Costing Us $160 Million Per Day

The Huffington Post | Posted 10.08.2013 | Business

Another day, another $160 million. That's how much the economy is losing every day on average, thanks to the government shutdown, according to dat...

What Gays Can Do With Money After It's Worthless

Brian Stone | Posted 01.23.2014 | Gay Voices
Brian Stone

With the debt ceiling approaching and the possibility of a global financial collapse, I think it's time that we talk about the bright side of things. For instance, what will we gay folk do with our useless cash? There are endless possibilities.

FLASHBACK: The Last Time We Breached The Debt Limit

The Huffington Post | Jillian Berman | Posted 10.08.2013 | Business

Here’s a little historical perspective on today’s political battles: The last time the nation breached the debt limit, it was a small accident and...

A New Civil War?

Harlan Green | Posted 01.23.2014 | Business
Harlan Green

The New York Times stated in a 2010 poll that the 18 percent of Americans who identify themselves as Tea Party supporters tend to be Republican, white...

Buffett Issues Warning On Debt Ceiling

The Huffington Post | Posted 10.03.2013 | Business

Congressional Republicans aren’t stupid enough to hold America’s full faith and credit hostage to politics, but they'll get pretty close, accordin...

Here's How Politics Is Hurting The Economy

AP | CHRISTOPHER S. RUGABER | Posted 09.30.2013 | Business

WASHINGTON -- Just as the U.S. economy is struggling to expand at a healthy pace, a pair of political standoffs threatens to slow growth and spook inv...

Congress Could Cause Another Financial Crisis In Two Weeks

The Huffington Post | Mark Gongloff | Posted 09.27.2013 | Business

While we wait for Congress to decide whether to shut down the government, a far more terrifying threat looms: The possibility that Congress could let ...

Dem Slams GOP 'Chaos'

RealClearPolitics | Posted 01.23.2013 | Politics

"The whole world is watching this hearing, it is the first hearing on this issue. The whole point of a society is to create and run a government to ma...

The Debt Ceiling Is Not The Way To Control The National Debt

Tara Sinclair | Posted 03.22.2013 | Politics
Tara Sinclair

The U.S. government has never defaulted on its legal obligations. We should make sure that this never happens. That means being careful about the national debt, but it also means not being stupid about a debt ceiling that can simply be raised or removed in order to avoid certain default.

Jason Linkins

Aspiring For Renewal, GOP Struggles To Clear Some Low Bars | Jason Linkins | Posted 01.19.2013 | Politics

Because someone has to lose every election, the end of every election year brings a cascade of regret and recriminations upon the losers. And because ...

Constant Deficit Panic Bumming Americans Out, Shockingly

The Huffington Post | Mark Gongloff | Posted 01.18.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

As Next Battle Looms, House GOP Faces Internal Struggle

Reuters | Posted 03.18.2013 | Politics

* Two-day retreat meant to unify Republican rank-and-file * Party looking to rebound from "fiscal cliff" debacle By Kim ...

Even The Koch Brothers Want The GOP To Shut Up About The Debt Ceiling

The Huffington Post | Mark Gongloff | Posted 01.16.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Congress Starting To Lose Leverage In Debt-Ceiling Debate

Mark Gongloff | Posted 03.17.2013 | Business
Mark Gongloff

Congressional Republicans may have leverage in the debt-ceiling debate, but it's an asset that is quickly turning toxic.

Fitch's Dire Debt Ceiling Warning

AP | PAN PYLAS | Posted 03.17.2013 | Business

LONDON -- The United States could lose its top credit rating for the second time from a leading agency if there's a delay in raising the country's deb...

Congress Prepares To Destroy Economy

The Huffington Post | Mark Gongloff | Posted 01.15.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...