Avoiding Government Shutdown: The Debt Ceiling as Unconstitutional

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

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Government yard sale could help bring down national debt

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.

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Showdown looms over raising the nation’s debt limit

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.

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Debt holdings at lowest level

WASHINGTON - CHINA'S holdings of US government debt dropped to the lowest level in at least a year, Treasury data showed on Monday.

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Foreign Demand for U.S. Debt Plunges as China Dumps Treasurys …

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.

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US public debt tops 12 trillion dollars for first time

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.

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Treasury Notes Decline as Record Debt Auctions Weigh on Demand

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.

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Prudential Reaps ‘Very Strong’ Return on TALF Debt

June 15 -- Prudential Financial Inc. , the second-biggest U.S.

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Chrysler Bankruptcy Looms as Debt Talks Falter – DealBook Blog …

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.

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Treasuries Fall as Debt Supply, Demand for Risk Assets Increase

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.

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