Ok, it’s probably not going to happen. But markets seem to be increasingly considering the remote possibility that the US might not meet its financial obligations. How do we know? One way is from looking
"We're not going to pass a clean debt limit increase," Boehner told ABC's George Stephanopoulos on Sunday. "I told the president, there's no way we're going to pass one. The votes are not in the House
GOLDMAN: If The Debt Ceiling Isn't Raised And The Treasury Runs Out Of Cash, Then Say Goodbye To 4.2% Of GDP*
The government shutdown is the result of Congress' failure to make a budget deal. However, the shutdown has taken attention away from a much bigger policy risk: the impending debt ceiling, which is when
Last week, we didn't get scheduled releases on construction spending, factory orders, or employment. Next week, we may not get releases on trade, job openings, wholesale inventories, import prices, inflation
The Federal Open Market Committee (FOMC) saw improvement since a year ago, but "the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchase."