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Debt Default

If Greece Takes On a New Outlook, So Will Europe

Jacques Delors | Posted 07.08.2015 | World
Jacques Delors

PARIS -- The Greek government must grasp the fact that its democratic legitimacy cannot, by its very nature, take precedence over the democratic legitimacy enjoyed by its European counterparts.

Greece's 'No' Is No Victory for Democracy

Bernard-Henri Lévy | Posted 07.08.2015 | World
Bernard-Henri Lévy

PARIS -- Ancient Greek had two words for the people: the "demos" of democracy and the "laos" of the mob. With his puerile call to shift the burden of his own errors and his reluctance to reform onto the shoulders of Greece's fellow Europeans, Tsipras is leaning toward the latter manifestation -- and promoting the worst version of Greek politics.

Will a 'Perfect Storm' Sink Europe?

Mohamed A. El-Erian | Posted 06.29.2015 | World
Mohamed A. El-Erian

Given the EU's fundamental interconnectedness -- in economic, financial, geopolitical and social terms -- the disruptive impact of each shock would amplify the others, overwhelming the region's circuit breakers, leading to recession, reviving financial instability and creating pockets of social tension. This would increase already high unemployment, expose excessive financial risk-taking, embolden Russia and strengthen populist movements further, thereby impeding comprehensive policy responses.

Debt Vote Shrouded In Secrecy

AP | By ANDREW TAYLOR | Posted 04.15.2014 | Politics

WASHINGTON (AP) — Financial markets were watching, the retirement accounts of millions of Americans on the line. Nervous senators wer...

Ted Cruz To Force Senate Republicans To Vote Yes On Debt Ceiling Hike

The Huffington Post | Ashley Alman | Posted 02.11.2014 | Politics

Sen. Ted Cruz (R-Texas) will seek out a 60-vote threshold on the Senate debt ceiling vote, his office confirmed to The Huffington Post on Tuesday. ...

Sam Stein

U.S. To Hit Debt Ceiling Even Sooner Than Believed

HuffingtonPost.com | Sam Stein | Posted 01.23.2014 | Politics

The country's next fiscal crisis will come sooner than advertised. Treasury Secretary Jack Lew on Wednesday sent a letter to House Speaker John Bo...

Debt Limit Follies Need to Stop Now

James Melton | Posted 12.25.2013 | Detroit
James Melton

How long could the government realistically go on making the "hard choices" -- like deciding whether Social Security and Medicare recipients are a higher priority in a given month than, say, military equipment, food stamps or road funding? Nobody knows.

Republicans Shoot America in the Foot

Leo W. Gerard | Posted 12.21.2013 | Politics
Leo W. Gerard

Republicans can pummel their own party if they want to, but what's amazing is that 18 of them in the Senate and 144 in the House voted against restoring government services and paying America's debts.

Washington Politics: 'It's All a Game'

Greg Barrett | Posted 12.16.2013 | Politics
Greg Barrett

To anyone who thinks American politics will rise to meet the threat of debt default with any sort of genuine compromise serving the best interest of n...

Take Courage for the Common Good, Reopen Government, Prevent Debt Default

Rabbi Arthur Waskow | Posted 01.23.2014 | Religion
Rabbi Arthur Waskow

Yesterday (Oct 15), more than 70 prominent religious leaders joined with locked-out federal workers in a pilgrimage on Capitol Hill to urge an immediate end to the government shutdown and urgent passage of laws to prevent a default on the U.S. debt.

Stocks Surge On News Of Debt Deal

AP | Posted 12.16.2013 | Business

NEW YORK (AP) — Stocks are surging on Wall Street after Senate leaders reached a deal that would avoid a U.S. default and reopen the government afte...

GOP Debt Ceiling Truthers Want You To Listen To Them, Not The Experts. What Could Go Wrong?

The Huffington Post | Nick Wing & Shadee Ashtari | Posted 10.16.2013 | Politics

There's still hope that catastrophe could be averted as a deal to raise the debt ceiling gains traction in Congress, even among Republicans who have a...

Howard Fineman

15 Reasons Why American Politics Has Become An Apocalyptic Mess

HuffingtonPost.com | Howard Fineman | Posted 10.23.2013 | Politics

WASHINGTON -- Why is America on the edge of a political and fiscal nervous breakdown? We aren’t fighting an external threat: no foreign ism or axis....

When Chicken Little Comes Home to Roost: Why Many Americans Aren't Concerned About a National Debt Default

Adam Levin | Posted 12.15.2013 | Politics
Adam Levin

Between this budget showdown and that sequester, the last debt ceiling fight and the more recent government shutdown, the majority of Americans found themselves, at best, inconvenienced. Why, they must be thinking, is this any different? What's the big deal?

China Considers Dumping U.S. Assets

Agence France Presse | Bill Savadove | Posted 01.23.2014 | Business

A US debt default could spur China to diversify its multi-trillion-dollar foreign exchange reserves, the world's largest, analysts say, as Beijing see...

Banking That Wall Street Will Save Us From the Tea Party and Default?

Les Leopold | Posted 10.15.2013 | Politics
Les Leopold

It's as if we've forgotten that these very same financiers not so very long ago took down the global economy with their bewildering array of fictitious financial instruments and gambling operations, many of which are still in play. Now we expect them to work in behalf of the common good?

Christina Wilkie

Small Tax On Pacemakers Threatens To Blow Up World Economy

HuffingtonPost.com | Christina Wilkie | Posted 10.15.2013 | Politics

WASHINGTON -- Will the world economy be brought to its knees over a tax on pacemakers and hip replacements? As the outlines of a potential budget d...

Debt Crises Killed 900,000 Jobs: Study

The Huffington Post | Mark Gongloff | Posted 10.15.2013 | Business

For the past few years, the Republican approach to governance has been to cause a series of Breaking-Bad-like cliffhangers, with ever-more destructive...

Stock Market Thinks Debt Deal Is Near

Reuters | Posted 10.14.2013 | Business

NEW YORK (Reuters) - U.S. stocks ended a volatile session with slight gains on Monday as investors bet that there would soon be a deal in Washington t...

Investors Shrug Off Default Threat

AP | BERNARD CONDON | Posted 12.14.2013 | Politics

NEW YORK -- NEW YORK (AP) — Warren Buffett likens it to a nuclear attack. Economists warn that government spending on programs like Social Security ...

First U.S. Default Ever? Not So Much.

AP | CONNIE CASS | Posted 10.14.2013 | Politics

WASHINGTON -- WASHINGTON (AP) — You hear a perfect record cited over and over in the debt limit debate: The United States has never defaulted. Bette...

Can Obama Escape the Right-Wing Frame?

John O'Kane | Posted 01.23.2014 | Politics
John O'Kane

For Obama to be even mildly progressive on the economy he must make his rhetoric reality and break free from the conservative frame and avoid the perpetual right-wing austerity trap.

Stocks Fall As Debt Default Looms

Reuters | Posted 10.14.2013 | Business

NEW YORK, Oct 14 (Reuters) - U.S. stocks fell at the open on Monday as traders focused on events in Washington after weekend talks between Republicans...

The Shutdown Just Got Real: Diddy's Weighing In

Posted 10.15.2013 | Black Voices

As the government shutdown continues to leave the nation’s budget in gridlock, many public figures including, Sean “Diddy” Combs, are commenting...

Michael McAuliff

Republicans Offer Short-Term Debt-Limit Deal, Keep Government Closed

HuffingtonPost.com | Michael McAuliff | Posted 10.10.2013 | Politics

WASHINGTON -- Republican House leaders Thursday offered the president and Senate far less than they want in the ongoing financial standoff, presenting...