If this is Wednesday, there must be news of the debt limit. And in fact — there is. Democratic Rep. Jerrold Nadler (N.Y.) introduced a measure that would get rid of the debt ceiling altogether.
The debt limit crisis may be over for now, but where does that leave the U.S. economy? Can Wall Street have confidence in U.S. credit again, and are we in a double-dip recession?
Some of the federal savings will come at the expense of graduate students who are losing a subsidized loan program which doesn't charge them any interest until months after they graduate.