U.S. Debt-Ceiling Crisis: Why It’s Nothing To Lose Sleep Over

  • 📰 Forbes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

The debt-ceiling crisis has been put off for a few weeks, but then the hysteria will resume. Don’t worry: It will be much ado about mostly nothing.

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media. Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers,Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity co-authored by Elizabeth Ames . Steve writes editorials for each issue of Forbes under the heading of “Fact and Comment.” A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.

Source: Loan Digest (loandigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Credit is a 'Military Backed' 'ILLUSION' so why does anyone need to lose sleep when those that falsely control it can just as easily remove it or make it abundant? Nobody has the Divine Authority to present that ILLUSION to men & women of equal worth & force them into taking it.

Bitcoin

I have a certain amount of raw gold to sell at a good price. Interested? Contact me.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Treasury secretary on debt ceiling debate: 'It's flirting with a self-inflicted crisis'Treasury Secretary Janet Yellen said the debate over the US debt ceiling amounts to 'flirting with a self-inflicted crisis' but that everyone 'breathed a sigh of relief' after Democrats and Republicans reached a deal to avert economic disaster.
Source: CNN - 🏆 4. / 95 Read more »

Dow rises nearly 400 points as lawmakers prepare to delay debt-ceiling reckoningU.S. stocks rise on Thursday, pointing to a third day of gains, on signs that the debt ceiling issue in Washington will be resolved for at least two more...
Source: MarketWatch - 🏆 3. / 97 Read more »

What will the Fed will do if the government hits the debt ceiling?The Federal Reserve won’t sit idle if Congress fails to lift the debt ceiling and the government is unable to pay all its bills, economists said. An emergency plan devised years ago is the likely blueprint. this is terrible news Mama Fed is here to save her spoiled brats The trillion dollar coin is a fun idea lol
Source: MarketWatch - 🏆 3. / 97 Read more »

Schumer: Deal reached to extend debt ceiling until early DecemberSenate Majority Leader Chuck Schumer has announced Democrats and Republicans have reached a short-term deal to avert the U.S. defaulting on its debt. This is not a deal. The Republicans need to do the job they were elected to do. So the GOP threw you a bone to make themselves look good and you took it! Joe Manchin gets to be center of attention again in two months. They now need to work on decreasing the national debt of about $28 trillion.
Source: ABC - 🏆 471. / 51 Read more »

Schumer announces deal to extend debt ceiling into December, averting defaultJUST IN: Senate Majority Leader Schumer announces agreement to extend the debt limit through early December, temporarily ending a partisan standoff just 11 days before the government's deadline to avert default. Ok Chuck. Now let’s understand this, it’s not the responsibility of the US taxpayers to subsidize the employees of companies to cheap to pay them a livable wage. Just raise the minimum wage and those cheap companies will just rebalance their payroll! Morning_Joe So, McConnell wants the D's to use reconciliation because he wants the D's to place a dollar figure on the debt limit so it is owned by the D's. Even though 8 Trillion of the debt has been incurred by the R's tax give away to the top 1%. You have to admit, Mitch has no shame. Morning_Joe No solution here. Just kicking the can down the road. And in December, we’re back to the same dilemma and fight.
Source: NBCNews - 🏆 10. / 86 Read more »

Schumer announces Senate has reached agreement to extend debt ceilingJUST IN: Senate Majority Leader Schumer announces agreement to extend the debt limit through early December, temporarily ending a partisan standoff just 11 days before the government's deadline to avert default. Maybe I'm wrong, but I thought that was announced yesterday? Oh good. The old white guys stopped bickering. Doesn't it suck we're stuck with these prideful types Shumer is leaps above Mitch but in the end we all suffer anyway
Source: MSNBC - 🏆 469. / 51 Read more »