Tags

"deficits"

5 Things To Know About The Debt Ceiling

February 12, 2014

Yesterday the House voted to suspend the debt ceiling for one year. The Senate is expected to pass the legislation today. Here are the “5 Things” you need to know about this latest maneuver and the debt ceiling in general.

Detroit Bankruptcy | 5 Things To Know

December 4, 2013

Yesterday federal judge Steven Rhodes ruled Detroit was eligible file bankruptcy. What did the judge say, what does it mean and how did the city get into this mess?

Detroit Bankruptcy Ruling

December 3, 2013

Today, Federal Bankruptcy Judge Steven Rhodes ruled that the city of Detroit would receive chapter 9 bankruptcy protection. When Detroit filed for bankruptcy in July 2013, it had an estimated $18 billion in financial liabilities.

Obamacare Wheels Continue To Come Off | B.A. Spending Daily

News Roundup | July 18, 2013

The U.S. House voted yesterday to delay for one year the Affordable Care Act provision that requires individuals to have health insurance. (The provision will take effect on Jan. 1, 2014 if Congress doesn’t act.) The chamber also passed a bill that agreed with President Obama’s decision to delay for one year the Affordable Care Act requirement that employers with more than 50 employees provide health insurance.