Debt Ceiling Charade: Vote to Fail Next Week
by CalculatedRisk on 5/25/2011 11:49:00 AM
Stan Collender writes: Not A Surprise: GOP Plans Vote On Debt Ceiling Bill Next Week
House Republicans announced yesterday that they would bring a “clean” debt …
Across Capitol Hill and down Pennsylvania Avenue, Democrats and Republicans are embroiled in bitter clashes over lifting the debt ceiling, reducing the deficit and slashing domestic spending and entitlements. But there is still one area of government …
The clock is ticking. The $14.3 trillion debt ceiling must be raised or the economy courts catastrophe. At least, that is what the chairman of the Federal Reserve Board, the Treasury Secretary, the Business Roundtable, the U.S. Chamber of Commerce, …
According to Reuters, the debt ceiling gets hit tomorrow, but the Treasury can sell enough stuff on ebay to stay open until August.
http://www.reuters.com/article/2011/05/15/usa-debt-idUSN128834420110515
Workingpoor started this topic in April:
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Facing $72 billion in new Treasury debts settling Monday, and with a little less help than usual from the Fed’s to grease the skids, the…
The markets stumbled through this week in spite of having plenty of POMO and $16 billion in Treasury bill paydowns on Thursday to stoke the…
Geithner’s requested $2 trillion debt ceiling hike is only $20,000 per legitimate taxpayer. I probably have that under the seat cushions in my car.
Long and Short of It
A slowing economy. The high cost of food and other essentials. A dearth of job opportunities. The debt ceiling debate. Chaotic markets. Nowadays, there’s plenty of bad news to go around about near-term concer…
Europe at the Tipping Point?
In this issue of The Institutional Risk Analyst we depart from our usual optimism owing to the situation in Europe. Forget the threat of a ratings downgrade of the US by S&P, votes in Washington on debt ceilings or our pa…
From Bloomberg:
“Standard & Poor’s put a“negative” outlook on the U.S. AAA credit rating, citing rising budget deficits and debt. “We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address mediu…
