Lawmakers in Washington are gearing up for another debt ceiling debate this month when the suspension on the statutory debt limit expires on May 19.
A new Inspector General report argues that bonuses given to General Services Administration personnel were excessive. The Washington Post has the story.
On May 18 the debt limit suspension that Congress passed in January will expire. At that point, the debt limit will automatically increase to whatever amount the national debt is on May 19.
Reuters reports the Treasury Department believes it will be able to hold off the need to vote on the debt ceiling until at least September.
While some economists see deficit emphasis as an impeding recovery, the Congressional Budget Office says the only thing worse for the economy would be no deficit emphasis.
Gretchen Hamel, executive director of Public Notice, joins AM Tampa Bay to discuss how Americans support piroritizing debt payments and cutting government spending.
In the next few weeks Congress will likely consider legislation dealing with the debt ceiling. What is the debt ceiling and why is an issue … again?
More and more lawmakers in Washington are lining up to say we don’t have a spending problem and are ready to defend their massive deficits that add trillions to the debt. Washington can keep telling themselves spending isn’t a problem all they want, but everyone else knows it’s time for an intervention.
Lenwood Brooks, policy director of Public Notice, joins Bill LuMaye to discuss how Washington has to address mandatory spending before it’s too late, as well as the differences between the House and Senate budget plans.
It’s cold out there every day in Washington. And every day it feels like we’re waking up with the same problems, hearing the same excuses and having the same conversations about entitlements we’ve been having for decades. Maybe this Groundhog Day will be different…