Posts from the ‘Debt Ceiling’ Category

‘Fiscal cliff’ deal: After rush of relief, debt ceiling clash already looms



'Fiscal cliff' deal: After rush of relief, debt ceiling clash already looms (via The Christian Science Monitor)

Just 10 hours before the New York stock exchange opened on Wednesday, the GOP-controlled House passed the Senate's "fiscal cliff" bill, 257-167, marking the first time that Republicans have, effectively, voted to raise income taxes in 20 years. Markets from Tokyo to Wall Street surged at the news that…

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Why We’re Ungovernable, Part 6: Here Comes the Debt Ceiling



Why We’re Ungovernable, Part 6: Here Comes the Debt Ceiling (via Market Shadows)

  Source: hankeringforhistory.com via Hankering for History on Pinterest   Courtesy of John Rubino. The fiscal cliff was always going to end with a whimper because that was the obvious path of least resistance. In the end, simply avoiding big tax increases and spending cuts while adding a few more…

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