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| Lawmakers Gird for Next Fiscal Clash, on the Debt Ceiling New York Times Even as Republicans vow to leverage a needed increase in the federal debt limit to make headway on their demands for deep spending cuts, Mr. Obama — who reluctantly negotiated a deal like that 18 months ago — says he has no intention of ever getting ... See all stories on this topic » | ||
| Debt in a Time of Zero New York Times (blog) I've had communications from a number of people asking an interesting question relating to the debt ceiling and other issues: why does the Federal government have to borrow at all? Why can't it just print money to pay its bills? After all, haven't ... See all stories on this topic » | ||
| China Poised for 2013 Rebound as Debt Risks Rise for Xi Bloomberg "If China tries to sustain growth by adding debt and investing it inefficiently it will be like cotton candy: a short-term high with no lasting value," said Loevinger, now an Asia analyst in Los Angeles at TCW Group Inc., which oversees about $135 ... See all stories on this topic » | ||
| Round two of the debt debate, anyone? Washington Post (blog) We have an immediate opportunity to act: the debt ceiling. Washington's credit card has reached its limit again, and the Senate majority must act on legislation early in February — rather than waiting until the last minute, abdicating responsibility ... See all stories on this topic » | ||
| Fiscal Cliff Deal Fails To Neutralize Debt Ceiling Hostage Takers, So ... Huffington Post Watching Congress wrangle over the fiscal mess they created was like watching two hapless teens try to have it off with each other in the back seat of a van on prom night: lots of flopping bodies and friction that leads to a climax that seemingly ... See all stories on this topic » | ||
| Cliff behind it, Congress now faces debt, deficit swamp The Seattle Times Yet shortly after the markets closed, the rating agency Standard & Poor's warned that lawmakers didn't accomplish enough to remove the threat of further downgrades on the creditworthiness of U.S. government debt. "While congressional compromise ... See all stories on this topic » | ||
| Honeywell CEO Warns of 'Debt Ceiling Debacle' Wall Street Journal (blog) Markets seem to have declared victory following the New Year's Day deal to avert the so-called fiscal cliff with the Dow Jones Industrial Average up 261 points in afternoon trading. But David Cote, the Honeywell International Inc. CEO who put himself ... See all stories on this topic » | ||
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| CEOs Vow to Continue Debt Fight Fox Business Dozens of CEOs joined a loose coalition known as the "Fix the Debt" campaign, travelled to Washington to talk directly with lawmakers, visited the White House, and made regular rounds on TV news programs. The executives scaled back their public ... See all stories on this topic » | ||
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| Obama, GOP brace for debt ceiling battle USA TODAY While declaring victory in the "fiscal cliff" debate, President Obama also laid down a marker on the next budget fight: The debt ceiling. "While I will negotiate over many things, I will not have another debate with this Congress over whether or not ... See all stories on this topic » | ||
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| McConnell demands quick debt ceiling bill The Hill (blog) McConnell, who brokered the New Year's Eve deal to turn off most of the fiscal cliff's tax increases with Vice President Biden, called on the Senate to pass a debt-ceiling compromise by early February. "Washington's credit card has reached its limit ... See all stories on this topic » | ||
| Aussie Near 2-Week High, Bond Yields Rise on U.S. Outlook Bloomberg By Kristine Aquino - 2013-01-03T06:34:43Z. The Australian dollar retreated from near a two-week high as concern U.S. lawmakers will struggle to agree on raising the nation's debt ceiling overshadowed the bill they passed to avert the so-called fiscal ... See all stories on this topic » | ||
| Next, the epic battle over debt Chicago Tribune The squabble didn't end until Tuesday night. But with the U.S. House accepting Senate legislation that avoids the worst impacts of the "fiscal cliff," attention immediately shifts to what comes next: an epic battle over the size and scope of the ... See all stories on this topic » | ||
| UPDATE 1-New governor takes office in debt-swamped Puerto Rico Reuters "It's time to move from worrying to action," the new leader said in a speech that highlighted issues he faces, including "high unemployment and a high level of public debt." He stopped short of mapping any new strategies, however, after pledging to put ... See all stories on this topic » | ||
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| Fiscal crisis deal leaves other battles ahead on debt, spending Fox News Crisis averted? Well, not quite. Despite Congress approving a hard-fought bill late Tuesday night that halts tax hikes for millions of Americans, lawmakers have only set themselves up for another risky battle weeks from now. The deal, which President ... See all stories on this topic » | ||
| CANADA FX DEBT-C$ rallies to two-week high after US fiscal deal Reuters But attention quickly turned to issues left unresolved by the fiscal deal, such as the need to increase the U.S. debt limit. "They got past one hurdle but they're basically just halfway there," said Greg Moore, foreign exchange strategist at TD ... See all stories on this topic » | ||
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| Debbie Wasserman Schultz Pledges No Negotiation Over Debt Ceiling, New ... Mediaite Democratic National Committee chair Rep. Debbie Wasserman Schultz (D-FL) joined Luke Russert on MSNBC on Wednesday where she insisted that, now that a deal has been reached to avert the fiscal cliff by raising tax rates on high-income earning ... See all stories on this topic » | ||
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| Debt Versus Democracy: A Battle for the Future Truth-Out In the US and Europe, the movement of squares has responded to attacks on the social good by debt resistance and direct democracy. In assemblies, mic checks and self-organization, they demonstrated that another world is possible. Now the movement is ... See all stories on this topic » | ||
| Mortgage debt relief extended for homeowners U-T San Diego A law that gives financially strained home-sellers tax relief on forgiven mortgage debt has been extended through 2013 as part of "fiscal cliff" talks over the weekend. Mortgage debt that's been forgiven by lenders in short sales or loan workouts is ... See all stories on this topic » | ||
| The Student Loan Debt Crisis: Welcome to the $1 Trillion Club Fox Business FinAid reports that total student loan debt is increasing at a rate of about $2,853.88 per second and many students are struggling to keep up, with the two year default rate for federal student loans rising to 9.1% last year from 8.8% in 2011 ... See all stories on this topic » | ||
| 5 Ways to Get Out of Debt: Which Will Work for You? Huffington Post DIY debt reduction may work for you if: You have a clear plan and are committed to sticking with it; you are able to stop taking on new credit card debt for the duration of the program; and you have enough cash flow to pay off your balances in ... See all stories on this topic » |
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| Total Debt: $16432730050569.12; Debt To GDP: 103% - Zero Hedge By Tyler Durden We already knew that the US crossed the debt ceiling on New Year's day. It is, however, one thing to read a Geithner press release, it is another to see America's ridiculous debt it in action. So here it is, courtesy of TreasuryDirect, in all its debt... ZeroHedge | ||
| Obama schedules debt-ceiling 'fiscal cliff II' for February | The Daily ... By Neil Munro Obama's refusal to negotiate is partly caused by the GOP's advantage in any debate over the debt ceiling. The Daily Caller | ||
| Obama: "I Will Not Negotiate Over Debt Ceiling" | Right Wing News By William Teach (Slate) In a brief address Tuesday night, President Obama saluted the passage of a fiscal cliff deal that the White House had negotiated with the Senate. Then he fired a warning shot at Congressional Republicans, saying he won't tolerate ... Right Wing News | ||
| How I Was Wrong About Government Debt, Bryan Caplan | EconLog ... By Bryan Caplan When an individual owes three times his annual income, we think it questionable: Okay for recent home-buyers, but probably a bad idea. But when a government owes 300% of GDP in peacetime, we think it blatantly irresponsible. I've often ... EconLog: Library of Economics... | ||
| Lawmakers Eye Policy Actions on Debt Limit : Roll Call Policy By benweyl@cqrollcall.com (Ben Weyl) With the fight over fiscal cliff issues only just resolved, the battle lines already are being drawn and important policy and economic implications measured for a coming showdown on the federal debt ceiling. All News RSS Feed | ||
| Everything To Know About Debt Ceiling - Business Insider By Simon Rogers It has gone up from an unimaginable $14.3 trillion in August last year to $16.394tn as part of a package agreed then. After the fiscal cliff deal, the level of the debt ceiling is the next big debate to be had. But what is the debt ceiling? Under US ... Business Insider | ||
| Robert Reich: The Next War: The Battle Over the Debt Ceiling ... By editor@truthdig.com The last time the debt ceiling had to be raised, in 2011, Republicans demanded major cuts in programs for the poor as well as Medicare and Social Security. They got some concessions from the White House but didn't get what they ... Truthdig: Drilling Beneath the Headlines | ||
| Daily Kos: How will Obama avoid another debt ceiling fight with the ... By rss@dailykos.com (CaptUnderpants) A lot of Republicans are comforting themselves over their complete rout in the debt ceiling negotiations last night with the fact that they can do this all over again when the debt ceiling has to be raised sometime next month. The thinking is, of ... obama | ||
| National debt doubles under Bernanke By Jerome R. Corsi Jerome R. Corsi, a Harvard Ph.D., is a WND senior staff reporter. He has authored many books, including No. 1 N.Y. Times best-sellers "The Obama Nation" and "Unfit for Command." Corsi's latest book is "Where's the REAL Birth Certificate? WND | ||
| Obama vows not to negotiate over debt ceiling » The Right Scoop - By The Right Scoop Knowing that Republicans will have a better 'hand', President "No Compromise" Obama is already making his intentions clear that he won't negotiate with the GOP over the debt ceiling fight that's coming soon. He wants his debt ceiling ... The Right Scoop | ||
| US still faces political fights on spending, debt - seattlepi.com After a fight over raising the debt limit last year, the credit rating agency Standard & Poor's yanked the U.S. government's blue-chip AAA bond rating because it feared that America's dysfunctional political system couldn't deliver a credible plan ... Business Heds Index | ||
| Debt reduction the main financial priority for many Canadians in ... A survey of 2000 Canadians by Harris-Decima found 17 per cent chose debt reduction as their main priority in 2013. CTV News - Toronto | ||
| UMFK Grads Have Least Debt : WAGM-TV | Northern Maine and ... By Katie Zarrilli Two words none of us like to hear…college debt. Many of us work to pay off our education for years after we receive our diploma. Luckily, students at UMFK don't have to worry as much. The school was just ranked as one of the top colleges in ... WAGM-TV | Northern Maine and... |
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| Fiscal Cliff Deal Sets Table for Conservative Debt Ceiling Win While conservatives roundly criticize Senate Republicans for cutting a deal with Vice President Joe Biden to avert the fiscal cliff, there are several aspects of the ... www.breitbart.com/Big.../Fiscal-cliff-deal-sets-win-debt-ceilin... | ||
| Daily Kos: The national debt? Republicans built that For starters, the issue is not that the national debt will go up (which roughly half of those in one poll believe to be the case), but that it will be cut much too quickly. www.dailykos.com/.../-The-national-debt-Republicans-built-th... | ||
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