The debt ceiling, which is currently around $31.4 trillion, is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public, including Social Security and Medicare benefits, military salaries and tax refunds. If Congress is unable to increase the...
What is the Debt Ceiling and Why is it Important? At its core, the debt ceiling represents the maximum limit on the amount of money that the U.S. Treasury Department can borrow to ensure the government meets its obligations. The concept, while appearing simple, carries profound implications f...
What is the correlation between government debt and public debt? What would be the end result if the debt of the U.S. government continues to increase at the current pace? Why are so many governments in debt? What is the effect of a country lowering its external debt?
Congress is barreling toward a summer battle over spending levels as Democrats rush to craft a pair of spending bills while simultaneously addressing the debt ceiling to keep the U.S. from defaulting on its financial obligations.
What is the impact on the Indian economy, when the rupee value depreciates?Question:What is the impact on the Indian economy, when the rupee value depreciates?Current Account Deficit:Technically speaking current account deficit is a loss calculated when the value of import is more ...
Difficulty Opening Bank Accounts:Some banks use ChexSystems or similar services to screen applicants for new accounts. A history of defaulted debts can make it challenging to open new bank accounts. Tax Consequences:If a debt is forgiven or canceled, the forgiven amount may be considered taxable...
The benefits of an FHA loan are apparent – you can qualify for a loan when you might not be able to any other way. The entire loan program is meant to increase homeownership in the U.S. and has served its purpose well. But, as with anything, FHA mortgage loans do have a catch. ...
Social and Corporate Governance (ESG) Research: Integrating Sustainability in Corporate Practices and ReportingAdvancing Nonprofit Management: Innovations, Challenges and Best PracticesAI, Tokenization, and FinTech: Implications of Governance IssuesBehavioral Dimensions of Operations ManagementBouncing Back or Boun...
“serious implications” about Musk’s role. The states argue that Musk’s involvement violates the Constitution’s Appointments Clause, which requires Senate confirmation for officials exercising significant authority. The White House, however, insists Musk is only an adviser without decision-making ...
Consistent with the broad empirical implications of conflict resolution models, we find that EPU is positively correlated and cointegrated with both the economic misery index and a proxy for media fragmentation (share of people having cable/wireless TV), with these variables explaining about 40 percent...