by Annie-Rose Strasser Posted on October 3, 2013
The Treasury warned against "brinksmanship" when it comes to the nation's full faith and credit.
If you think that shutting down the government is bad, that's nothing compared to the catastrophic damage that could result from hitting the debt ceiling.
by Zack Beauchamp, Scott Keyes Posted on September 28, 2013
Economists beg to differ.
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by Christopher Butterfield Posted on September 27, 2013
Rep. Scott Perry (R-PA) dismisses the consequences of a debt default and government shutdown.
by Alan Pyke Posted on September 27, 2013 Updated: September 28, 2013
Everybody says cracking the debt ceiling would be a disaster, but what do they know?
by Igor Volsky Posted on September 26, 2013 Updated: September 26, 2013
Republicans are threatening to push the nation into default unless President Obama and the Democrats in the Senate agree to enact a wish list of Republican priorities.
by Igor Volsky Posted on September 23, 2013 Updated: September 23, 2013
"When asked whether it's appropriate to push for such complex changes with just weeks to go before the federal government runs out borrowing room, Kline said, 'yes.'"
by Igor Volsky Posted on September 20, 2013 Updated: October 6, 2013
Though the deficit has fallen to the lowest level since 2008, Republicans continue to hold the government hostage to more cuts.
by Igor Volsky Posted on September 18, 2013
Shortly after the 2010 election, House Speaker John Boehner (R-OH) hinted that Republicans would "deal with [the debt ceiling] as adults."
by Igor Volsky Posted on September 10, 2013
Ironically, the proposition could actually increase the deficit by billions of dollars.