Stories Tagged as
Debt ceiling
Is Washington finally getting serious about the debt ceiling?
May 19, 2023
Every day there's a warning about how catastrophic a default on the national debt would be. What's it going to take to avoid that?
How would a U.S. debt default play out in Texas?
May 18, 2023
Half a million jobs could be lost in the second-biggest state economy. Pensioners, the food insecure and many others could suffer.
Taxpayers aren't the only ones disappointed with taxes this year
May 15, 2023
Federal tax revenue is coming in short while the debt ceiling remains unresolved. The problem was signaled by meager refunds.
Clawing back unspent COVID funds might contribute to a debt ceiling solution — but not much
by
Henry Epp
May 15, 2023
The exact amount left from pandemic spending bills could be as little as $30 billion — a fraction of this year’s federal deficit.
The markets are taking debt limit uncertainty in stride — for now
by
Justin Ho
May 9, 2023
Stock markets aren't upset by the debt limit debate. But that could change as the June 1 default deadline draws closer, analysts say.
Yellen: U.S. could hit debt limit as soon as June 1
May 1, 2023
The treasury secretary urges Congress to protect nation’s “full faith and credit” by raising the government’s borrowing authority.
Why is it so hard for Congress to deal with the national debt?
Apr 20, 2023
Reining in our debt amid the debt ceiling battle would require big — and painful — changes to government spending and taxation.
For public good, not for profit.
The last time the U.S. almost defaulted on its loans, the consequences were expensive
Apr 17, 2023
The phrase "debt ceiling" brings some people right back to 2011, when the U.S. also went down to the wire.
Buckle up for a big economics week in Washington
Mar 6, 2023
Fed Chair Jerome Powell testifies on Capitol Hill tomorrow and Wednesday. President Biden is set to release a budget outline on Thursday, and we get February jobs numbers this Friday.
Why comparing government and household spending doesn't quite work
by
Kai Ryssdal
and Andie Corban
Feb 16, 2023
It's like comparing apples and oranges, professor Golnaz Motie says, because the government has many more tools and huge immediate obligations.