Debt Ceiling

What went wrong for Republicans in their recent showdown with the president and Democrats over the debt ceiling and funding the government? “We picked the…

Roland Martin talks with Al Jazeera America’s Ali Velshi about the government shutdown and the debt ceiling.

Mellody Hobson explains the debt ceiling in today’s “Money Mondays” segment. Let’s start at the beginning. A common misperception is that the debt ceiling is…

House Speaker John Boehner (R-Ohio) blames President Barack Obama for the continued government shutdown as well as the looming default because he simply won’t negotiate,”…

The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including…

The New York Times cover story on Thursday highlighted the growing spending power of the super rich. While average American families struggle to make ends meet, the wealthy are flooding high-end stores to the point where Nordstrom has a waiting list for a Chanel sequined tweed coat for $9,010. But instead of emulating the frivolous […]

While the full details of the recent debt ceiling deal signed by President Obama have yet to be released to the public, many pundits and political experts are claiming that the hardest hit groups will be the poor and minorities. Since the deal was signed, President Obama has been criticized by the Congressional Black Caucus […]

Rev. Jesse Jackson called into question President Obama’s toughness this weekend in regards to his handling of the debt ceiling talks. Obama, who has been criticized by many for compromising with the stalwart Republicans, struck a deal that helped the country avert a financial crisis. Jackson, who spoke to Politico.com, said that the president is […]

Kentucky senator Rand Pau; got into a heated debate this past weekend over the raising of the debt ceiling with CNN anchor Don Lemon. The argument began when Lemon asked Paul to not conduct the interview with any “talking points.” The Huffington Post reports: As the House and Senate again failed to reach an agreement […]

President Obama and leaders of the Senate say they’ve cut a deal to head off a historic American default. “Leaders from both parties have come together for the sake of our economy to reach a historic, bipartisan compromise that ends this dangerous standoff,” said Senate Majority Leader Harry Reid (D-Nev.) on the Senate floor Sunday […]

In early 2001, America’s economic future was rosy: Our government was sitting on a massive budget surplus, and the Congressional Budget Office predicted that the next 10 years would carry our nation down the path of seemingly endless prosperity. This was a good time for President George W. Bush to push through a set of […]

The only Democratic president ever re-elected had advice for the current president on his debt ceiling talks: “Don’t Blink.” Former president Clinton urged President Obama to not allow the Republicans to get the upper hand in debt negotiation talks. “This is the political equivalent of the government shutdown when I was president,” Clinton offered, leaning […]