News
National Journal | Fiscal Solution Continues to Crawl Forward
As Sen. Ted Cruz vowed to talk on the Senate floor about defunding Obamacare till he can no longer stand, Senate Democrats said they now want a Nov. 15 expiration date for legislation to fund the government and avoid a shutdown.
Bloomberg | Europe Sharing Fiscal Risks Would Avert Crises, IMF Says
Euro area countries should be prepared to lose some degree of control over their budget, pool resources to set up an insurance program and do common borrowing, economists at the International Monetary Fund said.
Econ Comments & Analysis
Real Clear Markets | It's Groundhog Day Over the Debt Ceiling
If you recently heard the news that Congress is debating the merits of raising the debt ceiling, don't think you have time-traveled back to 2011 or to 2012. In the absence of Congressional action, and barring some extraordinary measures, the debt ceiling is set to be breached sometime in the next several weeks, and the U.S. stands to gain nothing by not raising it.
WSJ | Happy Deficit Day, Uncle Sam
'Deficit Day" is here again, marking the day the U.S. government runs out of money and begins adding to the nation's already-enormous debt. Despite the $2.7 trillion the federal government collects every year from Americans in the form of income, payroll, corporate, estate and excise taxes, as well as tariffs, fees and other sources, on a calendar year basis the money runs out Sept. 25, at around 3 p.m.
