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The Relative Costs of a Shutdown Versus a Default

Jared Bernstein | Posted 11.24.2013 | Politics
Jared Bernstein

Since we've never defaulted, we don't know how much it will cost. But sources suggest that even flirting with default back in 2011 cost between $1-2 billion due to higher interest rates.

Don't Be Fooled: This Year's Debt Limit Fight Is Frighteningly Different

Bob Greenstein | Posted 11.20.2013 | Politics
Bob Greenstein

We should never get to the point of default -- or even consider getting to it.  We should not legitimize the idea of a default.  We should consider the possibility beyond the pale.

GOP Desperate to Defund ObamaCare Now Because They Know Its Popularity Is About to Skyrocket

Robert Creamer | Posted 11.20.2013 | Politics
Robert Creamer

They know that once it is fully implemented, it will be impossible to take away the many benefits of ObamaCare. It is one thing to prevent something good from being passed by Congress. It's quite another to take something away from the voters.

'Debt Prioritization' Is Simply Default by Another Name

Paul N. Van de Water | Posted 11.19.2013 | Politics
Paul N. Van de Water

Lawmakers shouldn't fool themselves: Simply putting bondholders at the front of the queue won't avert financial chaos or soothe creditors.

Treasury Secretary Lew Makes a Great Point (And a Not-So-Great One Too)

Jared Bernstein | Posted 10.28.2013 | Business
Jared Bernstein

He was giving the White House talking point that "we won't negotiate over the debt ceiling" and Harwood was like, OK, but you will negotiate over the budget... why is it OK to negotiate over one but not the other?

Student Loans: the Problem and Solutions

William B. Bradshaw | Posted 08.07.2013 | College
William B. Bradshaw

I'll start with the severity of the problem and then turn to solutions. Defaults on student loans are looming as the next big financial crises facing...

Businesses Seeking Working Capital: Survey

Mary Ellen Biery | Posted 06.23.2013 | Small Business
Mary Ellen Biery

Many businesses applying for loans are looking to finance receivables and other working capital, according to a new survey of bankers by Sageworks, a financial information company.

Private Company Credit Risk Shows Signs of Improving

Mary Ellen Biery | Posted 04.07.2013 | Small Business
Mary Ellen Biery

The average probability that a private construction company would default in the next year was 3.79 percent for the 12-month period ended Dec. 31, compared with 5.73 percent for the year-earlier period.

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 ...

Debt Ceiling Madness From National Review

Andrew Pavelyev | Posted 01.16.2013 | Media
Andrew Pavelyev

National Review Online has published an amazing editorial which advocates redefining the debt ceiling so as to exclude any borrowing necessary for ser...

'Impossible' GOP Debt Ceiling Plan Could Lead To 'Bloody Mess'

Reuters | Posted 03.17.2013 | Politics

* Conservatives say Treasury could pay some bills and not others * Prioritizing payments hit by critics as unworkable B...

Denied Business Credit? Work on These Five Things

Mary Ellen Biery | Posted 03.17.2013 | Small Business
Mary Ellen Biery

If your company recently applied for business credit and was rejected, it's not alone.

House GOP Eyes Default, Shutdown | Posted 03.16.2013 | Politics

House Republicans are seriously entertaining dramatic steps, including default or shutting down the government, to force President Barack Obama to fin...

House GOP Ready To Shut It Down

Politico | Posted 03.16.2013 | Politics

House Republicans are seriously entertaining dramatic steps, including default or shutting down the government, to force President Barack Obama to fin...

Sam Stein

White House Ratchets Up Pressure On GOP After Dismissing Platinum Coin Idea | Sam Stein | Posted 03.14.2013 | Politics

WASHINGTON -- In the wake of news that both the Treasury Department and the Federal Reserve rejected the minting of a trillion dollar coin as a soluti...

Zach Carter

Administration To Reject Magic Coin Trick To Avert Debt Ceiling | Zach Carter | Posted 01.12.2013 | Politics

WASHINGTON -- The U.S. Treasury Department will not mint a high-value platinum coin to avert the debt ceiling, according to an official statement from...

Don't Play Politics With the Debt Ceiling

Paul N. Van de Water | Posted 03.06.2013 | Politics
Paul N. Van de Water

Senate Minority Leader Mitch McConnell is threatening to risk a default on the national debt unless President Obama agrees to large spending cuts. But playing politics with the debt ceiling is a dangerous and inappropriate game.

'Trust, But Verify' Creditworthiness

Mary Ellen Biery | Posted 02.13.2013 | Small Business
Mary Ellen Biery

More than four years after the peak of the U.S. financial crisis, bankers, businesses and borrowers still remain cautious about their exposure to risk.

Zach Carter

Fiscal Cliff Primer: Can America Default On Its Debt? | Zach Carter | Posted 11.21.2012 | Politics

No.* *We explain in the video above....

Protect Your Business Against Partners' Credit Woes

Mary Ellen Biery | Posted 12.19.2012 | Small Business
Mary Ellen Biery

Accounting professionals by nearly a 2-1 margin said in an online survey that their business clients don't do enough to ensure creditworthiness of customers, vendors and other potential transaction partners before they extend credit.

D.M. Levine

Planning for Default | D.M. Levine | Posted 06.08.2012 | Business

Goldman Sachs is preparing for possible sovereign defaults in Europe, the company's CEO said Friday. "It's in the nature of contingency planning an...

Best-Kept Secrets Of Student Loan Borrowing

Youth Radio -- Youth Media International | Posted 07.18.2012 | Education
Youth Radio -- Youth Media International

By: Robyn Gee Story after story about college students graduating with mountains of debt permeate the news every day. Headlines like, “A Genera...

One City's 'Last And Best Chance To Avoid A Bankruptcy'

Reuters | Posted 04.29.2012 | Business

(Adds comments) By Jim Christie SAN FRANCISCO, Feb 28 (Reuters) - Stockton, California's city council approved a plan l...

Rich Americans: 'Take My Mansion, Please'

The Huffington Post | Alexander Eichler | Posted 02.23.2012 | Business

Growing numbers of rich Americans are welcoming the foreclosure crisis into their homes. Default rates for the nation's most expensive properties ...

Ben Hallman

Bank Mistake May Cost Foreclosure Lawyer Her Home | Ben Hallman | Posted 01.07.2012 | Business

Christine Jackson's three-bedroom wood-frame home in Indianapolis is in danger of foreclosure. It's not because she can't afford her mortgage, but bec...