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Inc.
| 4 months ago
Unlike the U.S. government (at least for now), you can't just borrow more...It works like this: The President needs more money to keep his government in business. Because the government is running massive deficits, he has to borrow money. The...
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Star Tribune
| 4 months ago
House Democrats are pushing legislation to repeal the federal debt ceiling, saying the borrowing limit has no practical purpose and has come to be used for political maneuvering that can have devastating economic repercussions. New York Rep. Jerrold...
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Associated Press
| 4 months ago
The White House says a National Rifle Association video referencing President Barack Obama's daughters is "repugnant and cowardly." Obama spokesman Jay Carney says most Americans agree that a president's children should not be used as "pawns in a...
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Miami Herald
| 4 months ago
President Barack Obama is expected to unveil a series of tough new initiatives Wednesday aimed at curbing violence in America, including an assault weapons ban, but his major legislative proposals might face a difficult time in a reluctant Congress.
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Canadian Free Press
| 4 months ago
According to Pelosi, the statutory borrowing limit is inconsistent with Section 4 of the 14th Amendment, which states that the validity of the public debt of the United States ... shall not be questioned. Her suggestion comes a year after Bill...
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Los Angeles Times
| 4 months ago
President Obama plans to reveal his gun policy proposals Wednesday, marking the culmination of a nearly month-long effort by Vice President Biden and the administration to identify ways to reduce gun violence. Press secretary Jay Carney said the...
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Star Tribune
| 4 months ago
Members of Congress are furiously arguing over two provisions of the U.S. Constitution: the Second Amendment's right to bear arms and the 14th Amendment's statement that "the validity of the public debt ... shall not be questioned." They're at the...
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The New York Times
| 4 months ago
Archive Recent Posts January 15 Fitch Ratings Ltd. warned Tuesday that Congress's failure to raise the federal government's statutory borrowing limit would "very likely" prompt a downgrading of the U.S...January 15 In his news conference Monday,...
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International Business Times
| 4 months ago
In the last press conference of his first term, President Barack Obama warned Congress that it must raise the debt ceiling to avoid disastrous side effects. He goes on to claim that failure to raise the ceiling could cause delays in Social Security...
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BusinessInsider
| 4 months ago
David Zervos of Jefferies is always good for a unique take on economics, and his latest note on the debt ceiling doesn't fail to deliver. He starts by talking about, yes, the economics of the trillion dollar coin, but where he gets interesting is...
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Channel NewsAsia
| 4 months ago
The Fitch ratings agency warned Tuesday that it might revise downward its notation for the United States from its current top "AAA" level if Congress does not reach agreement on raising the ceiling for the national debt. Fitch said that failure to...
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CNN
| 4 months ago
The United States risks losing its AAA credit rating from Fitch if any deal to raise the legal borrowing limit does not include a plan to put public finances on a more sustainable footing, the ratings agency said Tuesday. Fitch has long warned that a...
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NY Daily News
| 4 months ago
Andrew Burton/Getty Images The National Debt Clock. The death of a really dumb idea may not be quite as enthralling as the birth of a great idea...A polite round of applause, then, to the Obama administration officials who quietly deep-sixed the...
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The Motley Fool
| 4 months ago
While the fiscal cliff was avoided in the strictest sense, many of the issues involved heading into the year are far from resolved. Sequestration cuts were delayed, not cancelled, and the debt ceiling is still looming large on the horizon . While the...
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Truthdig
| 4 months ago
Jan 14, 2013 A week before his inaugural, President Obama says he won't negotiate with Republicans over raising the debt limit. At an unexpected news conference on Monday he said he won't trade cuts in government spending in exchange for raising the...
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Los Angeles Times
| 4 months ago
Bernanke on Monday warned Congress that it needed to raise the debt limit so the U.S. could pay its bills and not face default, which he said would be very, very costly to our economy. Speaking just a few hours after President Obama chided Republican...
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Channel NewsAsia
| 4 months ago
US Federal Reserve Chairman Ben Bernanke on Monday urged Congress to raise the nation's borrowing limit as Democrats and Republicans battle over the federal budget. "It's very, very important that Congress take the necessary action to raise the debt...
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Ledger-Enquirer
| 4 months ago
Federal Reserve Chairman Ben Bernanke says it's important that Congress raise the nation's borrowing limit before the Treasury runs out of maneuvering room to avoid a potential default on U.S. debt. Bernanke, speaking at the University of Michigan,...
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Politico
| 4 months ago
The U.S. government will exhaust its borrowing authority between mid-February and early March if Congress doesn't raise the debt ceiling, outgoing Treasury Secretary Timothy Geithner told Congress in a letter today. The nation nudged against the $16.
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Forbes
| 4 months ago
In the last press conference of his first term, President Barack Obama today staked out his position on raising the nation's debt limit: He won't negotiate over the increase, won't use cute tricks to get around the limit, and will blame...
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Vanity Fair
| 4 months ago
Trillion-Dollar Platinum Coin (January 2013January 2013) 11:57 AM, January 14 2013 A nation's dreams of an enormous, expensive piece of currency have been crushed, as if by an enormous, expensive piece of currency. Over the weekend, the Treasury...
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Arizona Republic
| 4 months ago
President Barack Obama is urging Congress to increase the debt ceiling, declaring "we're not a deadbeat nation." He insists he will not negotiate with Republicans over raising the government's borrowing authority and says there are no contingency...
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BBC
| 4 months ago
President Obama holds what is expected to be his final news conference of his first term US President Barack Obama is set to stake out his position in a debate over the government's authority to borrow money, which could expire next month. At an 11:...
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Fox News
| 4 months ago
FoxNews.com "Congress can pay its bills or it can fail to act and put the nation into default." -- Statement from White House Press Secretary Jay Carney ruling out the minting of a $1 trillion platinum coin to finance more borrowing without having...
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Newsbusters
| 4 months ago
The self-described "essential global news network" known as the Associated Press, more aptly characterized as the Administration's Press , has from all appearances chosen to minimize the exposure given to Friday's letter from four Senate Democrats to...
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BusinessInsider
| 4 months ago
Other than the trillion dollar coin idea, there hasn't really been that much discussion about the debt ceiling, and how it's going to be raised in just over a month's time...And a new report fro Politico's Mike Allen and Jim Vandehei paints a picture...
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The New York Times
| 4 months ago
Proposing the Unprecedented to Avoid Default Debaters Neil H. Buchanan, Law professor Under the separation of powers, the president must either pay the debt that Congress has taken on, or do something more clearly unconstitutional.
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Asian Wall Street Journal
| 4 months ago
Treasury and Federal Reserve said they won't pursue a plan to mint a trillion dollar coin as a device to avoid the debt ceiling. "Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the...
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Truthdig
| 4 months ago
The Treasury Department has decided against minting a $1 trillion platinum coin to deal with the ongoing fight over the debt ceiling. A key reason behind the decision was that the Federal Reserve would not accept the coin, making itin the endutterly...
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Fox
| 4 months ago
Associated Press In the summer of 2011, when a debt crisis like the current one loomed, President Obama warned Republicans that older Americans might not get their Social Security checks unless there was a deal to raise the nation's borrowing limit.
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United Press International
| 4 months ago
The question now is whether such a bipartisan solution can be found for the debt ceiling...UPI/Molly Riley License photo If compromise is an art, we probably shouldn't expect any masterpieces out of Congress. Members' next opportunity to exhibit...
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Associated Press
| 4 months ago
In the summer of 2011, when a debt crisis like the current one loomed, President Barack Obama warned Republicans that older Americans might not get their Social Security checks unless there was a deal to raise the nation's borrowing limit. After...
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Courier & Press
| 4 months ago
You have to admire the quirkiness of the ideas being put forward to solve our fiscal mess, in lieu of doing the real work of governing. The most interesting is the trillion dollar coin, which would be minted out of pure platinum and stored by the...
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The New Zealand Herald
| 4 months ago
The US Treasury officially killed the idea on Saturday, leaving Congress with the responsibility to increase the government's borrowing limit. "Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to...
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MarketWatch
| 4 months ago
Treasury and the Federal Reserve said Saturday that they wouldn't pursue a plan to mint a $1 trillion dollar coin as a means of dealing with the federal debt ceiling. /conga/story/misc/alerts_sixwide.html 239164 Neither the Treasury Department nor...
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The New York Times
| 4 months ago
The Treasury Department said Saturday that it will not mint a trillion-dollar platinum coin to head off an imminent battle with Congress over raising the government's borrowing limit. Neither the Treasury Department nor the Federal Reserve believes...
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BusinessInsider
| 4 months ago
Democratic Rep. Jerry Nadler, the Congressman who first promoted the idea of the Federal Reserve minting a trillion-dollar platinum coin to work around the debt ceiling, said Saturday night that its demise is a "shame." In response, Nadler said he...
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Kansas City Star
| 4 months ago
More News January 12 Pocket change Some economists suggest President Barack Obama skirt the fast-nearing national debt ceiling by minting two $1 trillion coins and depositing them in the Federal Reserve...They cite a legal loophole, created for...
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Orlando Sentinel Online
| 4 months ago
Treasury Department said on Saturday it will not produce platinum coins as a way of generating $1 trillion in revenue and avoiding a battle in Congress over raising the U.S. debt ceiling. The idea of creating $1 trillion by minting platinum coins has...
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Gawker
| 4 months ago
The Treasury Department will not mint a trillion-dollar platinum coin to get around the debt ceiling...That's the bottom line of the statement that Anthony Coley, a spokesman for the Treasury Department, gave me today. "Neither the Treasury...
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Star Tribune
| 4 months ago
The White House has ruled out minting a coin worth $1 trillion to pay the government's bills and avoid a nasty battle with Congress over the debt ceiling. Some of President Barack Obama's liberal allies have been promoting the coin strategy. But...
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Fox
| 4 months ago
FoxNews.com The Obama administration ended speculation Saturday that it would mint a trillion-dollar platinum coin as a way to avoid the debt ceiling. Treasury Department spokesman Anthony Coley said the agency wouldn't mint one and the Federal...
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BusinessInsider
| 4 months ago
The Treasury is ruling out the use of a trillion dollar platinum coin to break the debt ceiling impasse. Klein writes: That's the bottom line of the statement that Anthony Coley, a spokesman for the Treasury Department, gave me today. Neither the...
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New York Observer
| 4 months ago
Congressman Charlie Rangel sat down with a small group of reporters yesterday for a wide-ranging discussion at his office. One of the main topics was the brewing battle over the debt ceiling and Politicker asked the congressman for his take on the...
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NewKerala
| 4 months ago
The letter is the strongest show of support from Senate Democrats that they would back Obama if he were to use his executive authority to unilaterally raise the nation's borrowing limit in the face of opposition from House Republicans. According to...
