debt ceiling

Is the US government actually being responsible and proactive regarding the debt ceiling

Jay Soloff

Is the US government actually being responsible and proactive regarding the debt ceiling? Apparently the public's disgust at the government's inability to agree on even basic responsibilities (such as paying bills on time) has finally gotten the attention of Republicans. The House actually passed a clean debt limit bill, raising... Show More

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Heading into the new week, US politicians still haven't come to an agreement to avert the debt crisis or end the government shutdown

Jay Soloff

Heading into the new week, US politicians still haven't come to an agreement to avert the debt crisis or end the government shutdown. However, weekend conversations have been constructive which usually means a deal will be reached before the deadline. Still, the markets will likely remain volatile until an agreement... Show More

A proposal by house republicans to extend the debt ceiling by 6 weeks has been rejected by President Barack Obama

Livewire News

A proposal by house republicans to extend the debt ceiling by 6 weeks has been rejected by President Barack Obama. Despite the setback, commentators say the agreement still represented a major breakthrough for house republicans, with members dead-locked between taking a hard-line or conservative approach. It also represented the first... Show More

Commentators continue to warn of the apocalyptic consequences of a default by the US government if the debt ceiling is not raised by politicians in time

Livewire News

Commentators continue to warn of the apocalyptic consequences of a default by the US government if the debt ceiling is not raised by politicians in time. Stock markets have continued extending their falls, with major US indices down almost 1% overnight. On a default, Mohamed El-Erian, the CEO of PIMCO... Show More

With the second week of the government shutdown in full swing, and no solutions imminent, it's a good time to step back and look at the big picture

Jay Soloff

With the second week of the government shutdown in full swing, and no solutions imminent, it's a good time to step back and look at the big picture. In a nutshell, Congress couldn't agree on budget by October 1st, causing the shutdown. The main debate centers around Obamacare, which the... Show More