News
CNN Money | Debt ceiling fight may come sooner than expected
The deal cut this summer to end the debt ceiling standoff provided for a $2.1 trillion increase in the country's legal borrowing limit, which now stands at $16.394 trillion.
Econ Comments & Analysis
FOX Business | G20 to Europe: Show Us the Money
Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund.
Real Clear Markets | Today's Reckless Spenders Enslave Future Generations
Bleak Future: A fresh report says the new federal debt ceiling of $16.4 trillion will likely be reached just after Election Day. Those driving it up will be relatively unaffected. They'll just deliver the bill to our children.
NY Times | Obama’s Deficit Dilemma
Today, Mr. Obama and Republicans are battling rather than making deals, positioning themselves for an election that will determine which side has the upper hand in December, when critical budget deadlines could force a compromise in a lame-duck Congress.
Blogs
Daily Capitalist | Our Problem Is Not Insolvency: It’s Infinite Solvency
There is, indeed, a direct relationship between the popularity of economics and monetary policy among the under 30s and the overwhelming support of this group for the candidate whose very political career begun on the day the U.S. went to a pure federally monopolized fiat fraction reserve monetary system back in ’71 when Nixon closed the gold window.
