“Most economists and analysts agree that at some point before August 4 the national debt ceiling will be raised, because if it doesn’t, there’s going to be a global effect if America defaults on any of its loans,” claims Ricardo Young, host and analyst at Voice of Russia Radio.Howev...
On Dec. 14, 2021, the debt ceiling was raised again. The increase of $2.5 trillion set the new limit around $31.4 trillion.4 This increase constituted the largest dollar amount increase of the national debt. When Was the Debt Clock Installed? Real estate investor Seymour Durst created the...
Capitol police stand outside the Capitol building as the Senate votes on debt ceiling legislation to avoid a historic default at the U.S. Capitol in Washington, U.S., June 1, 2023. REUTERS/Evelyn Hockstein/File Photo By David Morgan and Katharine Jackson WASHINGTON (Reuters) - The ...
The US debt ceiling crisis Cut government to the bare bones! Misunderstood Keystone XL a Reminder of the Importance of Critical Infrastructure Biden’s build back better? Ukraine? Climate change explained The naked truth In Biden’s green new world Gun control? Fact! It’s getting am...
“We will not pass a debt ceiling that just raises it without doing something about our debt,” McCarthy said. The Republican leader, who was elected speaker in January aftera tumultuous internal party battle, led the congressional delegation on a trip he has made many times before, often wi...
Graphic 1 Anyone with a computer can look this up. Here is the link from the Federal Reserve website ➼https://fred.stlouisfed.org/series/A091RC1Q027SBEA 5.5% of 32 trillion dollars is $1.76 trillion dollars and remember the debt ceiling will always be ignored by The Parasiti...
First of all, this isn’t anything new: Congress has had debt limit fights in the past, andpublic opinion polling was just as conflicted thenas it is now. Second, many of the discrepancies can be explained by simple differences in question wording. ...
On Monday, President Joe Biden and House Speaker Kevin McCarthy said they had a productive debt ceiling discussion at the White House but reached no agreement. Republicans are determined to cut spending while Biden’s team offered to hold spending levels flat. Biden wa...
He explained consumers had "huge pools of money" during the peak of the COVID-19 pandemic, adding they were not commuting to work and "received some federal payments." That, he said, has "mostly diminished." Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finan...
But Yellen explained in her letter that Treasury has some extra leeway until sometime between Jan. 14 and Jan. 24, largely due to the timing of debt payments associated with a Medicare trust fund. At that point, Yellen said, Treasury will begin using special accounting procedures...