All Posts Tagged Tag: ‘Debt Ceiling’

U.S. Default Looms Still No Resolution

Central Bank officials have gathered to make contingency plans on how to sustain financial markets should the U.S. default on its debt. U.S. Federal Reserve Chairman, Ben Bernanke, hosted a lunch of counterparts on Oct.12 during the annual International Monetary Fund (IMF) meeting held in Washington D.C. A number of policy makers had the chance to discuss the threat of …

Read More

Paul Ryan: Possible Dealstriker on Fiscal Crisis

Paul Ryan is stepping up to the proverbial plate in negotiations within the troubled government on the two impending crises in our great nation, according to Fox News. He is proposing a plan to increase federal debt that is tied largely to simplifying the tax code, to make enough changes to Medicare to offset cuts to domestic spending and defense …

Read More

Jack Lew: US Treasury Secretary Threatens America with Debt Ceiling

In a brazen attempt to raise the already exploding US public debt, U.S. Treasury Secretary Jack Lew warned Congress on Wednesday that the government will spend all its borrowed cash by October 17th, and demanded trillions in new money to keep financing Washington DC’s insatiable appetite for debt. “The debt limit impasse that took place in 2011 caused significant harm …

Read More