Tag Archives: United States public debt

RT: Debtor nation: Americans pay interest on $163 billion held by top tech firms overseas

Published time: March 14, 2014 03:44 Reuters/Lee Jae-Won United States taxpayers make large interest payments to the top four technology firms for the $163 billion in US government debt the companies own and shelter in tax-free offshore accounts. United States … Continue reading

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PressTV: Republicans to call first debt limit vote

Speaker John Boehner (R-Ohio) presented the debt limit increase plan to lawmakers Monday evening in a closed-door meeting in the Capitol. Tue Feb 11, 2014 5:23AM GMT Related Interviews: ‘Obama acts recklessly on budget’ ‘Obama’s failure to budget irresponsible’ House … Continue reading

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PressTV: US likely to hit debt ceiling sooner than thought

In a previous letter to Boehner, Jack Lew had projected the deadline might not be hit until early March. Thu Jan 23, 2014 2:43AM GMT The country’s next fiscal crisis will come sooner than advertised. Treasury Secretary Jack Lew on … Continue reading

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RT: Buying time: US budget deal postpones financial doomsday – MUST WAATCH VIDEO!!!!!

Published time: October 17, 2013 12:51 Edited time: October 17, 2013 14:37 President Obama and Congress have signed off on extending the debt ceiling through to February. The new legislation only temporarily solves the US budget dispute, begging the question … Continue reading

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PressTV: United States budget brinksmanship

Tue Oct 8, 2013 3:59AM GMT  The US federal government entered a government shutdown on October 1, 2013. By Yuram Abdullah Weiler After considering the impact of the previous 2011 brush with a US government default and its lingering financial … Continue reading

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Debt limit to be hit by mid-October

The Obama administration has said it will not negotiate over raising the borrowing limit. | AP Photo By BRIAN FALER Source: Politico.com Thanks to H. 8/26/13 4:35 PM EDT Treasury Secretary Jack Lew warned lawmakers on Monday that they will have to … Continue reading

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RT: US blows out $16.7 trillion debt limit

Published time: July 26, 2013 11:13 Edited time: July 26, 2013 12:05 US Treasury Building in Washington, DC (AFP Photo) The US Treasury has already exceeded the federal legal borrowing limit of $16.7 trillion in May. That signals the main … Continue reading

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RT: House raises debt ceiling to avoid US default

Published: 23 January, 2013, 21:05 The opening session of the 113th US House of Representatives at the US Capitol in Washington. (AFP Photo / Saul Loeb) The House voted on legislation Wednesday that will raise the debt ceiling for three months … Continue reading

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Fitch: Debt Ceiling Debate Puts U.S. Credit Rating At Risk Of Downgrade

By PAN PYLAS 01/15/13 12:39 PM ET EST LONDON — The United States could lose its top credit rating for the second time from a leading agency if there’s a delay in raising the country’s debt ceiling, Fitch Ratings warned Tuesday. … Continue reading

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Ellen Brown: Political Football Over Disaster Relief: Another Argument for Public Banking

Ellen sent out this article on January 5th, and I just never got to it. It’s interesting that she seems to be the one who first suggested the idea of trillion dollar coins. Of course, no one will address the … Continue reading

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THE SHOWDOWN – The Washington Post, January 4, 2013

Today in fiscal cliff news: The fiscal cliff deal has been signed into law. Okay. But the December jobs report is a reminder that if you knew anything about the economy, the economic policy you’d design wouldn’t look even the … Continue reading

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RT: US debt eclipses economy, reaching $16 trillion this week

Published: 04 September, 2012, 03:55 US debt eclipses economy, reaching $16 trillion this week The US government is about to announce its $16 trillion debt, a landmark number that has more than tripled during the last two presidencies. At 104 per … Continue reading

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It’s More Clear Than Ever That If Romney Loses, The Economy Is Going To Implode

Joe Weisenthal Source: Business Insider May 12, 2012, 9:13 AM Back in April we made the argument that a Mitt Romney win would be better for the economy, based on fairly simple logic: A Mitt Romney victory would see higher government … Continue reading

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Fitch keeps AAA US credit rating but dims outlook

BY MARTIN CRUTSINGER AP ECONOMICS WRITER WASHINGTON — Fitch said Monday that it will keep its rating for long-term U.S. debt at the top AAA level, despite a congressional panel’s failure to agree on long-term deficit cuts. But it is lowering … Continue reading

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