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UrduThe bill lifting the debt ceiling for two years in exchange for spending cuts passed the Senate last night. More than two-thirds of the 63 yea votes came from the Democratic caucus as most Republican senators bucked their party’s leadership…
Tag: debt crisis
Johns Hopkins Expert: CBO Projection May Force Faster Debt Limit Resolution
The Congressional Budget Office’s (CBO’s) projections released Wednesday that estimate the U.S. government might default on its debt between July and September may spur lawmakers to resolve the debt ceiling crisis faster, according to Johns Hopkins University macroeconomist Alessandro Rebucci,…
Johns Hopkins Expert: Debt Ceiling Could Lead to Mayhem for U.S. Economy
With the United States hitting its debt ceiling today, the federal government must scramble to resolve the issue or the U.S. economy could be headed toward mayhem, according to Johns Hopkins University financial expert Kathleen Day, who has extensively studied…