McCarthy’s Ouster Adds to Market Jitters
Posted inDemocratic Party DoubleLine Capital Federal Reserve System Gaetz, Matt Goldman Sachs Group Inc Government Bonds House of Representatives internal-storyline-no McCarthy, Kevin (1965- ) Republican Party Shutdowns (Institutional) Treasury Department United States Economy United States Politics and Government

McCarthy’s Ouster Adds to Market Jitters

Stocks and bonds have tumbled worldwide, with the 30-year Treasury bill hitting a 16-year high. Investors are worried about the economy’s health.
Biden’s Debt Ceiling Strategy: Win in the Fine Print
Posted inBiden, Joseph R Jr Brainard, Lael Democratic Party Federal Budget (US) House of Representatives Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Republican Party Ricchetti, Steven Senate United States Economy United States Politics and Government

Biden’s Debt Ceiling Strategy: Win in the Fine Print

The president and his negotiators believe they worked out a deal that allowed Republicans to claim big spending cuts even as the reality was far more modest.
How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants
Posted inBiden, Joseph R Jr Democratic Party Federal Budget (US) House of Representatives Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Republican Party Senate United States Politics and Government

How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants

The debt-limit legislation includes a provision meant to force both sides to pass additional bills following through on their deal: the threat of automatic cuts if they fail to do so.