Debt ceiling extended

Debt Ceiling Extended for Three Months; More Trouble Ahead

By Bill Fay | January 24, 2013

The House of Representatives put out one fiscal fire Wednesday, approving a measure to extend the Treasury Department’s borrowing authority to May 18, but there are more hot issues simmering…

What you should know about the debt ceiling

Five Things You Should Know About the Debt Ceiling

By Bill Fay | January 23, 2013

The debt ceiling is the latest self-inflicted crisis created by the federal government so that Democrats and Republicans can point fingers at each other. Here are five things to catch…

GOP debt ceiling strategy

With Polls Favoring Dems, GOP Launches New Debt Ceiling Strategy

By Bill Fay | January 22, 2013

Republican leaders will deliver a new strategy this week in the budding battle with Democrats over who gets the blame if the U.S. government has to default on its $16.4…

Debt ceiling is another fiscal cliff

Inaction on Debt Ceiling a Drag on Business and Unemployment

By Bill Fay | January 18, 2013

The legislation that kept the United States from going over the fiscal cliff was fool’s gold for anyone who thought it would help American businesses and the 12 million people…

Eric Cantor Opposed Fiscal Cliff Deal

GOP Leaders Defer as House Passes Bill to Avoid Fiscal Cliff

By Bill Fay | January 1, 2013

House Republicans dragged America to the rim of the fiscal cliff Tuesday before bowing to pressure from the Senate and passing legislation limiting tax hikes and spending cuts. The final…


Fiscal Cliff Breached but Senate Deal Done; House Action Next

By Bill Fay | January 1, 2013

Congress allowed America to stumble over the fiscal cliff Tuesday morning but left itself enough rope to pull the country out of trouble, perhaps before lunch. Senate leaders of both…

Can fiscal cliff be avoided?

Lawmakers Head Home after Failing to Solve Fiscal Cliff Crisis

By Bill Fay | December 21, 2012

The clock is winding down on the Jan. 1 deadline for the fiscal cliff crisis, and the Republican Party has punted. House Speaker John Boehner, who introduced what he thought…

Obama, GOP at odds over fiscal cliff

12 Days to Fiscal Cliff: Obama, Republicans at Odds Again

By Bill Fay | December 19, 2012

The sword-fighting between Democrats and Republicans could get nasty in the next few days as the battle heats up over how to avoid the fiscal cliff. Republican House Speaker John…

Progress on fiscal cliff

Boehner’s ‘Plan B’ for Fiscal Crisis Gets Panned By Congress

By Bill Fay | December 18, 2012

The momentum Republican House Speaker John Boehner and President Obama built Monday toward a resolution of the fiscal cliff crisis lasted less than 24 hours. It ended when Boehner chose…

Fiscal cliff

17 Days to Fiscal Cliff: Lawmakers Head Home for the Weekend

By Bill Fay | December 14, 2012

The fiscal cliff debate will be going on some place this weekend, but Capitol Hill isn’t one of them. With a little more than two weeks remaining before mandatory spending…