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 ReadingPosted 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 ReadingPosted on January 7, 2011 by
As lawmakers and the White House engage in another game of economic chicken, Treasury Secretary Timothy Geithner says hitting the debt ceiling would cause ‘catastrophic damage to the economy.’ The escalating battle over raising the legal limit on the nation’s debt is one that risks chaos in world financial markets and the creditworthiness of the U.S. government.
Continue ReadingPosted on August 16, 2010 by
WASHINGTON – CHINA’S holdings of US government debt dropped to the lowest level in at least a year, Treasury data showed on Monday.
Continue ReadingPosted on February 16, 2010 by
The global appetite for US financial assets slowed markedly in December, and demand for federal debt fell by a record amount as China dumped more than $34 billion in American IOUs, the Treasury Department said Tuesday.
Continue ReadingPosted on November 17, 2009 by
The US public debt topped 12 trillion dollars for the first time in history, Treasury officials disclosed Tuesday, moving past a key barrier that raised hackles in Congress.
Continue ReadingPosted on July 29, 2009 by
July 29 — Treasury notes fell after a government auction of a record amount of notes drew higher-than- forecast yields for a second consecutive day, renewing concern a deluge of U.S.
Continue ReadingPosted on June 15, 2009 by
June 15 — Prudential Financial Inc. , the second-biggest U.S.
Continue ReadingPosted on April 30, 2009 by
To win over several hedge funds, which have been holding out for better terms, the Treasury increased its cash offer to holders of Chrysler’s secured debt by $250 million, to $2.25 billion, The Times said.
Continue ReadingPosted on April 11, 2009 by
April 10 — Treasury 10-year notes fell for a third week as the government’s sale of $59 billion in debt and signs the economy is stabilizing diminished the safety appeal of U.S. securities.
Continue Reading
