Intense exchanges over the debt limit have made it clear that it is not so much a budget negotiation as a broader clash between the two parties over the size and role of government.
Behind Battle Over Debt, A War Over Government
By JACKIE CALMES, New York Times
Thu, 07/14/2011 - 7:44pm
BING NEWS:
- U.S. Starts Maneuvers to Avoid Breaching Debt Limit, Putting Pressure on Congress
A Congressional Budget Office report shows debt closing in on a post-World War II high as a share of GDP.
01/17/2025 - 12:49 pm | View Link - National Debt Closes in on Post-World War II Mark, CBO Says
Projections show steady budget deficits exceeding 5% of GDP, even assuming that the bulk of the 2017 tax cuts expire.
01/17/2025 - 9:17 am | View Link - US will hit debt limit on Tuesday, Treasury's Yellen warns in letter. What happens next?
Treasury Secretary Janet Yellen, in a letter on Friday to congressional leaders, said the Treasury would begin using extraordinary measures Jan. 21.
01/17/2025 - 8:12 am | View Link - National debt races toward record level as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.
01/17/2025 - 6:02 am | View Link - Russia's Hidden War Debt Creates a Looming Credit Crisis
Moscow has been quietly pursuing a two-pronged strategy to finance its escalating war costs. In addition to the publicly scrutinized defense budget, it has set up a system of state-directed, ...
01/14/2025 - 2:32 am | View Link - More
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