Debt Limit

Debt Limit Dilemma

Update 558 — Debt Limit Dilemma:Have Faith in “Full Faith and Credit”? The U.S. financial system and therefore the economy is under the sword of Damocles right now, with the statutory debt limit already exceeded, emergency measures estimated to expire as soon as mid-October, markets in turmoil, and no viable legislative solution in reasonable reach. Last night, …

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July 31 Debt Limit Deadline

Update 548 —  July 31 Debt Limit Deadline:How to Avoid Policy Concessions This Time This Saturday, July 31, the federal debt limit suspension passed by Congress two years ago expires. If Congress does not act, the U.S. could default on its debt in the fall, without precedent but promising catastrophic global economic effects. Republicans have …

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