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Government Default

GOP Tees Up 'Default Prevention' Bill In Case Congress Fails To Raise Debt Ceiling

The Huffington Post | Michael McAuliff | Posted 09.10.2015 | Politics

WASHINGTON -- A Republican-backed bill that would ensure America's creditors get paid before its citizens do if the nation reaches its debt limit pass...

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.

Big Banks Prepared For U.S. Default

Reuters | David Henry and Lauren Tara LaCapra | Posted 11.19.2013 | Business

NEW YORK (Reuters) - As the United States threatened to default on its debt last month, major U.S. banks set up war rooms, spent many millions of doll...

Senate Seeks Debt Ceiling Deal As Default Looms

Reuters | Posted 12.14.2013 | Politics

* Senate's top Democrat and top Republican express optimism * Discussing raising debt ceiling through mid-Feb - source ...

LOOK: One Small Corner Of Wall St. Is Starting To Panic About The Debt Ceiling

The Huffington Post | Mark Gongloff | Posted 10.08.2013 | Business

Most financial markets are only slowly getting worried about the possibility of a U.S. debt default, but in one tiny corner of the bond market things ...

Open Letter to Speaker John Boehner

Warren J. Blumenfeld | Posted 12.08.2013 | Politics
Warren J. Blumenfeld

I am writing to you in the deepest respect to your office and to you as a person of integrity and intelligence.

Has the GOP Leadership Become Delusional?

Robert Creamer | Posted 11.27.2013 | Politics
Robert Creamer

Do the Republicans really want to be held responsible for another financial calamity when it is their turn to face the voters? From a purely political point of view, it's as if your opponent in a war threatens that he will blow his own head off if you do not surrender.

So What Happened?

Jerry Jasinowski | Posted 10.11.2011 | Business
Jerry Jasinowski

Basically, we are witnessing a re-pricing of asset values to reflect the reality of the liquidity crisis of Europe and a global economic slowdown.

Congress Needs to Do Its Job: Pay America's Bills, Put Americans Back to Work

Heather McGhee | Posted 09.26.2011 | Politics
Heather McGhee

Millions of Americans were thrown out of work because of forces beyond of their control in 2008. It should be unthinkable for any leader to threaten to intentionally revisit that suffering on more Americans for political gain, and yet that is where we are.