Debt ceiling: Who’s doing the talking?
Posted on July 6, 2011 by
Negotiations on raising the debt ceiling, tied to tackling the nation’s growing deficit, have officially reached an impasse.
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Avoiding Government Shutdown: The Debt Ceiling as Unconstitutional
Posted on July 1, 2011 by
There are those who believe that the debt ceiling is unconstitutional, according to CNN Money. There are some who believe that, if the current impasse in Congress over whether or not to raise the debt ceiling is not resolved and the debt ceiling is not raised by August 2
Continue ReadingDebt cap row threatens confidence in US: Bernanke
Posted on June 14, 2011 by
Failure to raise the US debt ceiling in a timely manner could sink investors’ confidence in the economy, Federal Reserve chief Ben Bernanke warned Tuesday.
Continue ReadingGovernment yard sale could help bring down national debt
Posted on February 25, 2011 by
With the government more than $14 trillion in debt and the Government Accountability Office warning that the longer Congress waits to raise the debt ceiling the harder it will be for the Treasury Department to keep the government operating, some have suggested Congress take a note from Sanford and Son and start selling the junk it already owns.
Continue ReadingDebt ceiling: Postponing hike comes at a cost
Posted on February 23, 2011 by
The longer Congress waits to raise the debt ceiling, the more time and money the Treasury Department will have to spend just managing the national debt by the minute, a federal report warned Tuesday.
Continue ReadingEuropean finance ministers in a bind with Spain, Portugal debt
Posted on January 18, 2011 by
The recession’s repercussions are still felt in Europe, as two more countries may have financial crises.
Continue ReadingGoolsbee: Debt ceiling must be raised – CNN
Posted on January 3, 2011 by
Washington — If Congress does not raise the debt ceiling, the result could be “catastrophic” for the American economy, Austan Goolsbee, chairman of the Council for Economic Advisers, said Sunday.
Continue ReadingDebt turmoil, contagion fears sweep Europe
Posted on November 26, 2010 by
Europe struggled mightily Friday to keep the debt crisis from engulfing country after country.
Continue ReadingDebt battle could lead to government shutdown
Posted on November 8, 2010 by
Fresh from US election victory, Republicans face a rapid test of their debt-slashing resolve, one that could spark a government shutdown and, some fear, undermine efforts to aid the recovery.
Continue ReadingFundamental Focus: Understanding Debt
Posted on October 28, 2010 by
The events of the past couple of years can largely be attributed to one thing: debt. Or, more specifically, too much of it. But that isnt to say that debt is a bad thing
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