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US Default

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.

Michael McAuliff

Senate Deal Reached, As Boehner Concedes Defeat | Michael McAuliff | Posted 10.17.2013 | Politics

WASHINGTON -- Senate leaders unveiled a deal Wednesday to reopen the government and avoid a potential debt default that does virtually nothing to Obam...

A Solution to Our 'Manufactured' Crisis

Bill George | Posted 01.23.2014 | Business
Bill George

Unlike our counterparts in Southern Europe, the United States is blessed to have a fairly steady economy these days. So why are we flirting with a historic default on U.S. government bonds that will harm the U.S. credit and credibility for decades to come?

Sequesters, Shutdowns and Defaults

Stephen Zarlenga | Posted 01.23.2014 | Business
Stephen Zarlenga

Congress squabbles but the present system just can't relieve or solve the problem -- because the debt money system itself is the problem!

Firms Using Fewer Treasury Bills On Default Fears

Reuters | Posted 01.23.2014 | Business

By Vidya Ranganathan SINGAPORE, Oct 11 (Reuters) - Some financial institutions are reducing the use of U.S. Treasury bills as collater...

Constitution Is Not a Suicide Pact

Charles J. Reid, Jr. | Posted 01.23.2014 | Politics
Charles J. Reid, Jr.

The Republican tea party caucus say they wish to negotiate. They propose to defund the Affordable Care Act as their price. But the democratic process has spoken. The Affordable Care Act is the law of the land.

What Gays Can Do With Money After It's Worthless

Brian Stone | Posted 02.02.2016 | Queer 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.

Republican Extremists Know Exactly What They're Doing

Anis Shivani | Posted 01.23.2014 | Politics
Anis Shivani

The extremist faction is the Republican party (not whatever John Boehner or John McCain are supposed to stand for); the extremist faction is the ruling class's preferred direction for American politics in the near future, as unimaginable as it might seem today.

Michael McAuliff

GOP Lawmakers Ready To Risk Catastrophic Default | Michael McAuliff | Posted 09.26.2013 | Politics

WASHINGTON -- Republicans know that holding the nation's debt limit hostage in a standoff with Democrats over spending carries major risks to the econ...

Credit Rating Agencies Not The Best At Predicting Sovereign Defaults

The Huffington Post | Alexander Eichler | Posted 10.12.2011 | Business

Markets plunged this week after Standard & Poor’s downgraded the United States’ sovereign credit rating. But if history is any guide, the pronounc...

Udall, Bennet Voice Criticism Of Bill To Avoid Default

The Huffington Post | Matt Ferner | Posted 10.03.2011 | Denver

Sens. Mark Udall (D-CO) and Michael Bennet (D-CO) voted for the bill to prevent a government default and lift the debt ceiling, but both are voicing c...

Moody's: U.S. Will Keep Top Credit Rating

Posted 10.02.2011 | Business

(Updates with more detail from Moody's) NEW YORK (Reuters) - Moody's Investors Service Tuesday confirmed its Aaa rating of the United States, citin...

Debt Ceiling Deal Not Such A Deal For Graduate Students

CNN Money | Jennifer Liberto | Posted 10.02.2011 | Business

WASHINGTON (CNNMoney) -- Some students will start owing more on their loans while they're in school under a last-minute debt ceiling deal to keep the ...

Tim Geithner: 'Hard To Tell' If U.S. Will Avoid Credit Downgrade

Posted 10.02.2011 | Business

WASHINGTON - U.S. Treasury Secretary Timothy Geithner said he is not sure whether the bitterly fought debt agreement to be considered Tuesday by the U...

Tea Party's War on America

New York Times | JOE NOCERA | Posted 10.02.2011 | Business

These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people. Their intransig...

U.S. Cities Spending The Most On Health Care

The Huffington Post | Harry Bradford | Posted 10.01.2011 | Business

In a country with a seemingly endless rise in medical costs, figuring out why certain cities are particularly prone to spending more on health care ca...

Michael McAuliff

Debt Ceiling Deal That Cuts Trillions, Creates 'Super Congress' Announced By Party Leaders | Michael McAuliff | Posted 09.30.2011 | Politics

WASHINGTON -- Congressional leaders and President Obama on Sunday night announced they've cut a deal to avert a historic U.S. default, saying they hav...

America Will Avoid Default But There's A Lot More to Do

Mohamed A. El-Erian | Posted 09.30.2011 | Politics
Mohamed A. El-Erian

Rather than declare victory, Washington should waste no time in redoubling efforts to remove the multiple policy uncertainties and structural impediments that stand in the way of restoring America on the path of high growth and plentiful job creation.

11 Ways To Explain The Stakes Of A Debt Ceiling Debate

The Huffington Post | James Sunshine | Posted 09.29.2011 | Business

With the reported deadline to raise the debt ceiling drawing ever closer, Washington has yet to come to terms on a deal to do so -- this despite month...

Unconstitutional Debt Ceiling: Grandma Bondholder's Emergency Lawsuit If Obama Does Not Invoke 14th Amendment

Victor Williams | Posted 07.29.2011 | Politics
Victor Williams

The existence of a debt ceiling questions the validity of our Republic's debts; it presupposes that Congress will continue to overdraft. A debt ceiling is unconstitutional and its effect a legal nullity.

World Bank Chief: U.S. 'Playing With Fire' In Debt Ceiling Debate

Posted 09.28.2011 | Business

WASHINGTON (Lesley Wroughton) - The United States is courting calamity with the continuing stalemate in Congress over raising the country's debt limit...

Fed Will Provide Banks With Guidance If Country Defaults

Posted 09.27.2011 | Business

(Mark Felsenthal) - The Federal Reserve plans to provide guidance to banks soon on how to handle the potentially turbulent financial waters if the Uni...

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.

S&P Analysts Believe U.S. Will Not Default

MarketWatch | Robert Schroeder | Posted 09.26.2011 | Business

WASHINGTON (MarketWatch) -- Analysts for Standard & Poor's don't believe the U.S. will default on its obligations, the rating agency's president, Deve...

Prioritizing Debt Payments Would Be 'Deeply Disruptive, S&P Says

Posted 09.26.2011 | Business

Prioritizing U.S. debt payments to avoid a default would be "deeply disruptive" to the economy, Standard & Poor's global head of sovereign ratings sai...