Debt Limit Showdown In March And More
Congress will return on January 5th to battle over the budget for much of the year. The new House Republican majority (242R-193D) won't wait for the normal budget process to send the Senate weekly...
View ArticleDebt Limit, Or Is It?
This afternoon, the Government Accountability Office issued a detailed report of what happened when the debt limit was not increased in time to avoid Treasury market disruptions between 1995 and 2010...
View ArticleWhat Will It Take To Pass The Debt Limit In June?
Repeatedly over the last few weeks, Wall Street clients have asked me to give odds on a big budget deal this year, one that would knock a trillion dollars or more off of the deficit over the next 10...
View ArticleIf We Have To Have A Debt Limit, Let's Have One Which Reflects Economic Reality
Today, Jim Carter and I wrote this op-ed in Investor's Business Daily. Until recently, Jim was Chief Economist at the Senate Budget Committee Minority and Deputy Assistant Secretary of...
View ArticleWhat Will Speaker Boehner Say To Wall Street Monday?
House Speaker John Boehner (R-OH) will address the Economic Club of New York over dinner next Monday. His remarks come at a crucial time as world money managers assess whether the U.S. will get its...
View ArticlePresident Obama Just Vowed No Short Term Debt Limit Deals -- Recent History...
President Obama just said, "So what I've said to the leaders is, bring back to me some ideas that you think can get the necessary number of votes in the House and in the Senate. I'm happy to consider...
View ArticleThe Gang Of Six Deal Is Now The Gang Of 50 Or More Deal
This morning, a bipartisan group of 50 or more senators endorsed a revived version of the "Gang of Six" plan. The Atlanta Constitution's Jamie Dupree seems to be the first to put the details on the...
View ArticleDoes Anyone Else Realize The Federal Debt Ceiling Was ELIMINATED?
Last week's news reports about congressional (actually...congressional Republican) action on the debt ceiling did what in the journalism business is called "burying the lead," that is, the stories...
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