Tax Policy Center

Debt Limit

Federal Budget and Economy: TaxVox
Congress’s latest flirtation with debt-limit default caused barely a ripple in the financial markets. Rates on short-term Treasuries spiked in early October, before quickly subsiding...
December 3, 2013Benjamin H. Harris
Federal Budget and Economy: TaxVox
For those of you keeping score, the Congressional Budget Office now figures the next showdown over the nation’s debt limit will occur in March, or...
November 21, 2013Howard Gleckman
Individual Taxes: TaxVox
Congressional negotiators are trying to craft a budget deal by mid-December. Fareed Zakaria’s Global Public Square asked twelve experts what they hoped that deal would...
November 4, 2013Donald Marron
Federal Budget and Economy: TaxVox
In the aftermath of the recent government shutdown and the painful negotiations that brought the country perilously close to defaulting on government debt, policy experts...
October 23, 2013William G. Gale
Federal Budget and Economy: TaxVox
The conventional wisdom is that next January, Congress and President Obama will be in exactly the same place they’ve been for most of the past...
October 17, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
You’ve probably heard that Treasury will hit the debt limit on October 17 and soon thereafter it won’t be able to pay all of America’s...
October 11, 2013Donald Marron
Federal Budget and Economy: TaxVox
Washington may be about to do what it does best--kick the can down the road. House Republicans have tentatively agreed on a plan to extend...
October 10, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
The other day, I was talking to a guy who closely watches Washington for big foreign investors. Like most of us, his clients are struggling...
October 8, 2013Howard Gleckman
Federal Budget and Economy: TaxVox
Since the day of Alexander Hamilton, the United States has never defaulted on the federal debt. That’s what we budget-watchers always say. It’s a great...
October 4, 2013Donald Marron
Federal Budget and Economy: TaxVox
President Obama must continue to refuse to negotiate policy while the government is shut down. If he does not hold firm on this principle, these...
October 3, 2013Howard Gleckman