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Debt Limit

U.S. Debt Deadline Prompts Emergency Measures

Reuters | Posted 05.06.2015 | Politics

(Adds background) WASHINGTON, March 6 (Reuters) - The Obama administration on Friday said it would start using emergency cash measures...

Who Owns American Debt?

Scott Baker | Posted 05.04.2015 | Politics
Scott Baker

The popular Netflix series, House of Cards, perpetuated the myth of a finite money supply with this weekend's release of Season 3. But if President Underwood really wanted to stimulate the economy, he'd have a plan in mind.

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...

Michael McAuliff

Senate Passes Increase Of The Nation's Debt Limit | Michael McAuliff | Posted 02.13.2014 | Politics

WASHINGTON -- The Senate moved quickly Wednesday to boost the nation's debt limit, voting to extend the Treasury Department's borrowing authority into...

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. ...

Paul Ryan Votes Against Spending Needed For Own Budget

The Huffington Post | Mollie Reilly | Posted 02.13.2014 | Politics

On Tuesday, 28 House Republicans joined 193 of their Democratic colleagues in voting to raise the debt ceiling without attaching additional measures t...

Ted Cruz Will Force Some Republicans To Vote Yes On Debt Ceiling

National Journal | Posted 02.11.2014 | Politics

Sen. Ted Cruz is about to make life a little more difficult for his Republican "friends."...

Sabrina Siddiqui

House Passes Debt Ceiling Hike After GOP Capitulates | Sabrina Siddiqui | Posted 02.12.2014 | Politics

WASHINGTON -- The House of Representatives approved a rise in the nation's debt limit Tuesday, setting up passage of a bill in the Senate that would ...

GOP Mulling New Debt Ceiling Plan

Posted 02.11.2014 | Politics

By ANDREW TAYLOR, THE ASSOCIATED PRESS WASHINGTON (AP) — House Republican leaders are gauging interest in a plan to reverse a recently passed cut...

Luke Johnson

Here Is The New Deadline For The Debt Ceiling | Luke Johnson | Posted 02.07.2014 | Politics

WASHINGTON -- The Treasury Department does not have confidence that it will be able to pay the nation's bills after Feb. 27 without an increase in the...

U.S. Government Getting A New Borrowing Cap

AP | ANDREW TAYLOR | Posted 02.07.2014 | Politics

WASHINGTON (AP) — The U.S. government is getting a new borrowing cap Friday, almost four months after Washington diffused October's government shutd...

House GOP Narrows In On Controversial Debt Limit Strategy

The Washington Post | Posted 02.03.2014 | Politics

Several House members told The Washington Post on Monday that Republican leaders have narrowed their list of possible debt-limit strategies to two opt...

Sabrina Siddiqui

House GOP Warily Eyes Another Debt Ceiling Showdown | Sabrina Siddiqui | Posted 01.31.2014 | Politics

CAMBRIDGE, Md. -- House Republicans on Friday began flirting more seriously with the idea of spurring another showdown over the nation's debt limit wh...

Top Obama Aide Predicts Drama-Free Debt Ceiling Increase

Reuters | Posted 04.01.2014 | Politics

By Mark Felsenthal WASHINGTON, Jan 30 (Reuters) - A top White House official voiced confidence on Thursday that Republicans would agre...

Matt Sledge

Mitch McConnell: It Would Be 'Irresponsible' To Pass A Clean Debt Ceiling Increase | Matt Sledge | Posted 01.27.2014 | Politics

Senate Minority Leader Mitch McConnell (R-Ky.) said Sunday that it would be "irresponsible" to raise the debt ceiling without trying to attach amendme...

Sam Stein

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

Michael McAuliff

The Plan To End Debt Ceiling Hostage-Taking | Michael McAuliff | Posted 12.20.2013 | Politics

WASHINGTON -- Vermont Democratic Rep. Peter Welch is offering a simple way for Congress to avoid damaging standoffs over the nation's debt ceiling: ag...

Luke Johnson

Treasury Sends Debt Ceiling Warning | Luke Johnson | Posted 12.20.2013 | Politics

WASHINGTON -- Treasury Secretary Jack Lew warned House Speaker John Boehner Thursday that the federal government will reach its debt limit sometime in...

Michael McAuliff

McConnell: Debt Ceiling Won't Be Raised Without A Hostage | Michael McAuliff | Posted 12.18.2013 | Politics

WASHINGTON -- Senate Minority Leader Mitch McConnell (R-Ky.) said Tuesday that the nation's debt limit won't be raised unless Republicans can extract ...

Ryan Grim

Paul Ryan Says GOP Wants Ransom, Again | Ryan Grim | Posted 12.16.2013 | Politics

WASHINGTON -- The GOP wants concessions from Democrats in exchange for not allowing the U.S. to default on its debts this spring, Rep. Paul Ryan (R-Wi...

Senate Democrats Back Automatic Debt Ceiling Hikes

AP | ANDREW TAYLOR | Posted 12.29.2013 | Politics

WASHINGTON — WASHINGTON (AP) — Democrats controlling the Senate want to avoid future showdowns over the so-called debt ceiling. They are propo...

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.

The Psychological Price Tag of Government Shutdown

Douglas Holtz-Eakin | Posted 12.24.2013 | Business
Douglas Holtz-Eakin

The agency doors are open and Washington has returned to a more normal state of dysfunction. What has 16 days of darkened offices, empty parks, and a powered off panda cam cost?

Ending the Next Debt Ceiling Crisis

Rep. Mike Honda | Posted 12.22.2013 | Politics
Rep. Mike Honda

It's time to eliminate the legal authority of a single House of Congress to destroy the full faith and credit of the United States. The recent crisis shows that Tea Party Republicans continue to view the debt limit as a negotiating lever to extract political concessions each time our bills come due.

Paul Blumenthal

Business Groups Can't Quit The Tea Party | Paul Blumenthal | Posted 10.22.2013 | Politics

WASHINGTON -- A frustrated business community, opposed to the kind of tea party politics that led to a government shutdown and near debt default, has ...