Raising the Debt Ceiling - Most Recent

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Unemployment benefits and the budget deal

Dec 6, 2013
Unemployment benefits could become a major sticking point in negotiations over a budget compromise.
Posted In: budget deal, Paul Ryan, Patty Murray

A tax by any other name? A fee

Dec 5, 2013
A deal to avoid another government shutdown seems to be coalescing around increasing revenues -- but not taxes.
Posted In: fees, Taxes, budget

Ahead of deadlines, a bonanza for special interests

Oct 25, 2013
Lobbyists pound the pavement ahead of two big deadlines.
Posted In: government shutdown 2013, lobbyists

Debt limit fight put business community at odds with Tea Party

Oct 18, 2013
The business community helped elect some Tea Party Republicans to Congress -- and they weren't happy with the shutdown and debt ceiling fight.
Posted In: tea party, GOP, government shutdown 2013, debt ceiling, political donations

Government employee: "I'm relieved to be back"

Oct 17, 2013
A hydrologist at the U.S Geological Survey says the backup of work is not good, but he's glad to be back.

S&P: Shutdown and debt battle cost U.S. economy $24 billion

Oct 17, 2013
The aftermath of the debt ceiling debacle: consumer confidence is shaken, companies aren't spending, interest rates will rise, the nation's credit rating is in jeopardy, and GDP growth takes a hit.
Posted In: government shutdown 2013, debt ceiling, consumer confidence

Good enough for government data

Oct 17, 2013
We lost two weeks of government data -- data that let economists know what to study and data that helps farmers know what to plant.
Posted In: government data, Labor Department

Trust issues: D.C. dysfunction means uncertainty for companies

Oct 17, 2013
There’s a better than average chance that the government could shut down again in a few months if Congress can’t come to an agreement. That uncertainty is a problem for everyone from contractors to the entire US economy.
Posted In: uncertainty, debt, private contractors, government shutdown 2013

If 'creditworthiness is like virginity,' did the U.S. just lose it?

Oct 17, 2013
America's creditworthiness takes a hit in Asia, even with the debt ceiling raised and the government reopening.
Posted In: government shutdown 2013, debt ceiling, credit rating, China

Ok, debt ceiling is dealt with: What do I need to know now?

Oct 16, 2013
Congress reached a deal -- and a process -- to avoid a default on U.S. debt and the reopening of the government.
Posted In: debt ceiling, McConnell, Reid, Boehner

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About this collection

After the debt debacle of 2011, Congress and the president agreed to a sweeping package of budget cuts that no one really wanted, as an incentive to work together later to reach a bipartisan compromise on more targeted cuts. That incentive didn't work as designed, and after postponing the date of the 'sequester' cuts, the U.S. Defense Department and other discretionary programs are now staring down the gun of massive, across-the-board budget cutbacks.