News
National Journal | The Latest Debt-Ceiling Proposal: Issue IOU's
The $1 trillion platinum coin seems too wacky; the 14th amendment too risky. But could IOU's be the solution to an impasse on raising the nation's borrowing limit?
Bloomberg | Obama’s Default Drama Is No Way to Run a Country
The United States of America isn’t going to default on its debt, even if Congress doesn’t increase the statutory borrowing authority in the next couple of months. Everyone in Washington knows, or should know, this. Any assertions to the contrary are tantamount to -- perish the thought! -- playing politics with the debt ceiling.
CNN Money | Debt ceiling FAQs: What you need to know
Congress narrowly avoided pushing the country off the fiscal cliff. But it has done nothing to address the next and potentially bigger risk to the economy: the need to raise the debt ceiling.
Econ Comments & Analysis
WSJ | A GOP Strategy for the Debt-Ceiling Fight
President Obama says he won't negotiate with Republicans over his proposed more than $1 trillion increase in the debt ceiling as a matter of principle because Congress "should pay the bills that they have already racked up."
Washington Post | Time for a balanced-budget amendment
Democrats not allergic to arithmetic must know the cost of their “fiscal cliff” victory. When they flinched from allowing all of George W. Bush’s tax rates, especially those on middle-class incomes, to expire, liberalism lost its nerve and began what will be a long slide into ludicrousness.
CNBC | Why Banks Are Rushing to Sell US Debt
Banks and financial institutions are leading the pack of global borrowers that have rushed to the U.S. debt markets at the start of the year.
CATO | The Fiscal Facts of Life
Having completed yet another deficit-reduction agreement that somehow managed to increase the deficit, Congress and the Obama administration are now laying the groundwork for upcoming fights over the debt ceiling, the sequester, and the continuing resolution that will fund the government given continued refusal by Senate Democrats to pass a budget.
Blogs
Washington Post | The debt-ceiling drama in 5 charts
Fasten your seat belts, folks. The “extraordinary measures” the Treasury Department is using to keep the United States from crashing through its $16.4 trillion debt ceiling could run out as early as Feb. 15.
