Tuesday, August 01, 2017

Drop dead date on U.S. debt ceiling is September 29, 2017

I would normally add this to a previous post from July 23, but I noticed that talks between Congress and the White House on the debt ceiling seem to have stalled today.  The Washington Post is reporting now that the federal government would run out of money Friday September 29 (or is that Monday Oct. 2).  Default on a payment, the Post says, will cause a stock market crash and sudden rise in interest rates.
The brief story today by Damian Parletta in the Post is here. 

Thursday, August 3, 2017

Mike Mulvaney has come around to a clean increase in the debt ceiling, Yahoo Business Insider here

ABC News has a detailed recent explanation of the debt ceiling by Caroline Cohen and others, here

Jim Carney of the conservative Washington Examiner weighs in here on the "swamp". 

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