by Bryce Covert Oct 7, 2013
Treasury disagrees, saying it would create a recession more severe than any since the Great Depression.
by Zack Beauchamp Oct 6, 2013
A top Republican senator struggles to defend the GOP's position on the shutdown.
by Igor Volsky Oct 6, 2013
Boehner agreed that the risks of defaulting on the debt would be "catastrophic," but said that they would become reality if Obama doesn't accept GOP demands.
by Annie-Rose Strasser Oct 4, 2013
"I don't believe that we should default on our debt," Boehner said. "It's not good for our country. But after 55 years of spending more than what you bring in, something ought to be addressed."
by Annie-Rose Strasser Oct 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 Scott Keyes & Zack Beauchamp Sep 28, 2013
Economists beg to differ.
by Christopher Butterfield Sep 27, 2013
Rep. Scott Perry (R-PA) dismisses the consequences of a debt default and government shutdown.
by Alan Pyke Sep 27, 2013
Everybody says cracking the debt ceiling would be a disaster, but what do they know?
by Igor Volsky Sep 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.