Debt Ceiling

Mehdi's Morning Memo: Miliband's 'Wonga Tax'

Huffington Post | Mehdi Hasan | Posted 17.10.2013 | UK Politics

The five things you need to know on Thursday 17 October 2013... 1) MILIBAND'S 'WONGA TAX' Boom! First, the energy companies. Now the payday lend...

A Simple Guide To Why Washington Came So Close To Financial Crisis

The Huffington Post UK | Paul Vale | Posted 17.10.2013 | UK Politics

After 16 days of shutdown and having come within a day of breaching the debt ceiling, Republicans and Democrats reached a deal to reopen the US govern...

Mehdi Hasan

The World Is Laughing At The United States Over The Government Shutdown | Mehdi Hasan | Posted 15.10.2013 | UK Politics

WASHINGTON -- "When we get this moment of political silliness behind us," US Secretary of State John Kerry told reporters at at an Asia-Pacific leade...

Ned Simons

Hillary Clinton Condemns 'Distressing' US Government Shutdown | Ned Simons | Posted 11.10.2013 | UK Politics

Hillary Clinton has raised concerns about the "distressing" shutdown of the United States federal government amidst several international crises and d...

From Shutdown Crisis to Debt Ceiling Panic

Andy Langenkamp | Posted 04.12.2013 | UK Politics
Andy Langenkamp

The current US federal government shutdown - which is more of a slowdown - has merely set the stage for an even more nerve-racking deadline on October 17 when the US will cross their debt ceiling. At most the government could get by for another couple of weeks with $30bn cash on hand, but without a deal the US will in effect be in default in a couple of weeks.

Christian Televangelist Calls For Military Coup

The Huffington Post UK | Paul Vale | Posted 03.10.2013 | UK

Televangelism and sincerity aren't concepts usually associated. However, there was nothing but honesty in the voice of one US religious businessman wh...

Paul Vale

US Government Shutdown Could Have Serious Implications For Global Economy | Paul Vale | Posted 01.10.2013 | UK

Once again Europeans may be forgiven for looking on baffled at the bizarre maneuverings of Washington's political class this week as the US government...

The Sequester Asteroid Plunges Toward Washington as Congress Gets Out of Town

Jon-Christopher Bua | Posted 20.04.2013 | UK Politics
Jon-Christopher Bua

The sequester was a legislative tool designed to scare the Congress into doing its job. It clearly seems to have failed to produce this result. If it goes into effect, the sequester means across the board cuts in every agency of federal government with no ability to control what is cut and what is not.

Mehdi Hasan

The Road Forward: UK Politicians Try To Claim Obama As Their Own | Mehdi Hasan | Posted 18.01.2013 | UK Politics

LONDON -- In March 2012, British Prime Minister David Cameron and Chancellor George Osborne jetted off to the United States for a series of meetings a...

About Super Coins, Cliffs, and Ceilings

Andy Langenkamp | Posted 17.03.2013 | UK Politics
Andy Langenkamp

The next fiscal crisis is set for February or March. Paul Krugman is pleading for minting a $1 trillion platinum coin to avert gloom and doom. Ideas like these help put a smile on your face in difficult times, but how will the fiscal saga really evolve?

Individualism Undermines Leadership in the West

Andy Langenkamp | Posted 29.07.2012 | UK Politics
Andy Langenkamp

If the West fails to mend its ways it will be like a mammoth tanker that is no longer able to change course. Under such conditions only a much bigger and deeper crisis can force countries to act differently. Yet by then they will no longer have a safety net to cushion the blow and spread the pain.

U.S. Debt According to a 5th Grader

April Salchert | Posted 02.10.2011 | UK
April Salchert

My passport says "United States of America", but it means very little to me now. How can I claim a country as my own if I cannot afford to live there?

Washington Notebook: A Machiavellian Bargain

Jon-Christopher Bua | Posted 02.10.2011 | UK
Jon-Christopher Bua

After a long and painful process both Houses of Congress finally voted to raise the debt ceiling and cut spending in an effort to begin to reduce the deficit.

US Senators Pass Bill To Raise Debt Ceiling, Hours Before Deadline

Huffington Post UK | Posted 02.10.2011 | UK

US Senators have passed a bill that will raise the debt ceiling and stop the country defaulting on its loans, but cut government spending by $2.1 tril...

One Little 'A'

Boyan S. Benev | Posted 01.10.2011 | UK Politics
Boyan S. Benev

While thousands of miles away I'm glued to the US debt ceiling debate. Not because it's particularly interesting but because the unfolding situation, still pretty much in its infancy, will have a direct and lasting impact on the place I was born, the place I grew up and all the places, institutions and communities I now work with to improve.

Washington Notebook: Too Close for Comfort

Jon-Christopher Bua | Posted 30.09.2011 | UK Politics
Jon-Christopher Bua

To prevent a default at the eleventh hour Obama may have relinquished the last arrow in his political quiver by agreeing to deep cuts in government spending which some economists believe might jeopardise this fragile recovery.

LIVE UPDATES: Debt Ceiling Deal Reached

AP/The Huffington Post | Posted 30.09.2011 | UK Politics

WASHINGTON -- President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S....

America's Glass Ceiling

Jasdev Singh Rai | Posted 30.09.2011 | UK
Jasdev Singh Rai

By re-engaging this bipartisan committee, Obama will outwit the Tea Party. He will acknowledge now and for future generations that the Dollar is not invincible. The USA needs to take its foot off the hydraulic pump of debt.

Tighten the Belt, not the Noose

Colleen Becker | Posted 30.09.2011 | UK Politics
Colleen Becker

The American national debt is extravagant, so vast as to be almost unimaginable. Everyone agrees that something must give and at this point, Republicans and Democrats face two options: raising taxes or cutting public programs.

Don't Take Your eye off the Eurozone Crisis

James Dwyer | Posted 29.09.2011 | UK Politics
James Dwyer

As the British media continues to churn out story after story on the hacking scandal, the troubles in the Eurozone continue to mount. Like a set of dominoes, one by one countries are falling into deeper and deeper financial trouble.

"Family Values" Doctrine and the Economy in the U.S.

April Salchert | Posted 28.09.2011 | UK
April Salchert

Many people will hear this term "Family Values" without really understand its implications. "Family Values" is about as rhetorically ambivalent as "Terrorism". There are some frightening similarities of how these terms are used in political discourse.

President Obama Speaks Out On US Debt Crisis

Huffington Post UK | Posted 28.09.2011 | UK

US President Barack Obama has urged Democrats and Republicans to work together to find a solution to the debt ceiling crisis. "What's clear now is ...

Extremely Republican or Republican Extremism?

Colleen Becker | Posted 26.09.2011 | UK Politics
Colleen Becker

Observers of the American economic crisis might characterize Republicans' refusal to raise the nation's debt ceiling as mere brinkmanship orchestrated to undermine President Barack Obama's leadership.

Making Sense of the Debt Ceiling Crisis

Xenia Dormandy | Posted 26.09.2011 | UK Politics
Xenia Dormandy

Given the imminent deadline of August 2, it is unlikely that the "Grand Bargain" that is so important to America's long term economic stability will be found, at least immediately.

Republicans Scramble To Rewrite Debt Plan Following Figures Bungle

Guardian | Posted 26.09.2011 | UK

The Republican Party has had to re-write its plans to lift the US debt ceiling after miscalculating the spending cuts included in their proposal by al...