by Andrew Moran | May 16, 2023 | Lights, Camera, Action, Opinion, Politics, Swamponomics
Is the U.S. government soon approaching the so-called X-date? Maybe or maybe not. But even if it did, it is almost certain that Washington will strike a last-minute agreement that will not do much to put the United States back on a fiscally sustainable path. Just look...
by Andrew Moran | Apr 18, 2023 | Articles, Business News, Good Reads, Opinion
Despite the doom and gloom surrounding the debt ceiling, global financial markets have barely reacted to default warnings. Everyone has watched this show and the endless sequels and remakes before. The federal debt limit approaches, the Treasury employs extraordinary...
by James Fite | Mar 29, 2023 | Articles, Editor's Choice, Good Reads, Opinion, Politics
The federal government hit the $31.4 trillion debt ceiling in January. Treasury Secretary Janet Yellen enacted “extraordinary measures” to keep America from defaulting, but even that is expected to fail by June if Congress and the president can’t work something out....
by Andrew Moran | Feb 2, 2023 | Articles, Business News, Opinion
The US is embroiled in another political theater of the absurd. This time it is the debt ceiling: Republicans are politely asking to enact spending reforms, Democrats are demanding to raise it, and former Labor Secretary Robert Reich is blaming everything on tax cuts....
by Andrew Moran | Jan 15, 2023 | Articles, Economic Affairs News, Opinion
It is that time of the year again: Debates over the US debt limit. Treasury Secretary Janet Yellen informed Congress that the federal government will reach its statutory debt limit on Jan. 19, forcing her department to begin “taking certain extraordinary...