Category Archives: Credit

Debt ceiling: Cut, cap and balance … or else

“Cut, cap and balance” is fast becoming the catchphrase of those who say they are serious about fiscal responsibility.

See the rest here:
Debt ceiling: Cut, cap and balance … or else

Debt-Limit Showdown

For all the sniping and posturing in Washington – Republicans walkingout of bipartisan negotiations, President Obama accusing them of carryingwater for the corporate-jet set – the two sides are likely to work out adeal to raise the debt limit and avoid a catastrophic default. Even thoughmany Republicans are insisting they won’t accept any tax increases and manyDemocrats are insisting they won’t …

Originally posted here:
Debt-Limit Showdown

Debt ceiling: Who’s doing the talking?

Negotiations on raising the debt ceiling, tied to tackling the nation’s growing deficit, have officially reached an impasse.

View original here:
Debt ceiling: Who’s doing the talking?

Banks back creaking Greek debt plan

LONDON/FRANKFURT – International banks and insurers attempted to paper over major cracks in a proposed Greek debt rollover on Friday, saying there was broad support to reinvest in the country.

Read more:
Banks back creaking Greek debt plan

Is Declaring The Debt Ceiling Unconstitutional The Only Way Out?

With frustrations mounting over debt ceiling negotiations that are going nowhere, exasperated Democrats are increasingly looking to a Constitutional argument as the solution to their problems. …

More here:
Is Declaring The Debt Ceiling Unconstitutional The Only Way Out?

Debt crisis: Senate cancels holiday leave, but will it accomplish anything?

Heeding a call from the White House, the Senate canceled its July 4 break next week to stay in session and resolve the nation’s looming debt crisis, now set to hit on Aug.

Read the original post:
Debt crisis: Senate cancels holiday leave, but will it accomplish anything?

Debt Ceiling Deal Could Mean Social Security Cuts

As the negotiations on a debt reduction package drag on, both parties have demanded that the certain items– tax hikes , Medicare , and Social Security cuts–be taken off the table. The standoff has forced …

Read more here:
Debt Ceiling Deal Could Mean Social Security Cuts

China’s coming debt bomb

As the world watches the Greek credit crisis unfold, a Sino-debt disaster is brewing halfway around the world.

Go here to see the original:
China’s coming debt bomb

Debt ceiling talks turn to taxes – higher taxes!

Any deal to raise the debt ceiling will have to include steep cuts to federal spending. But might it also include tax hikes?

Read the original:
Debt ceiling talks turn to taxes – higher taxes!

Debt talks between Congress, White House see little compromise

Debt-reduction talks between congressional leaders and the White House entered a critical phase Monday, with no clear framework for resolving the deadlock over taxes and spending and a deadline for a potential federal default fast approaching.

See the original post here:
Debt talks between Congress, White House see little compromise