Debt-Ceiling Standoff Prompts Backup Plans, but They Face Hurdles Too: WSJ
Potential alternatives for the U.S. to avoid default—from simply ignoring it, to minting a trillion-dollar coin—are met with skepticism. Source link
Debt Ceiling Looms Over Capitol as Congress Returns to Work
As Congress returns to work, the Senate plans to focus on nominees while the House tackles investigations. Source link
Yellen warns of ‘global financial crisis’ if US debt limit agreement isn’t reached
CNN — Treasury Secretary Janet Yellen on Friday warned of the widespread global effects that could be felt if the federal government exhausts extraordinary measures and fails to raise the debt ceiling, telling CNN’s Christiane Amanpour about the ways everyday Americans could face stark consequences. Yellen’s warning comes after the United States on Thursday hit […]
Why This Debt-Ceiling Fight Is Different by Jeffrey Frankel
As Washington gears up for yet another political showdown over raising the federal debt limit, congressional Republicans are clearly hellbent on letting the US government default on its obligations. Unfortunately, allowing the GOP to drive the US economy off a cliff may be President Joe Biden’s best option right now. CAMBRIDGE – The United States […]