Treasury Secretary Jack Lew has warned lawmakers that the government could hit its debt ceiling in mid-October, earlier than many analysts had predicted.Congress has no choice but to eventually raise the debt limit so the government can pay its bills…
The independent Bureau of Economic Analysis (BEA) has released a completely revised look at the size of the U.S. economy from 1929 to the first quarter of 2013. This comes after an accuracy review of its key economic measurements suggested…
Three recent reports by credit ratings agencies (Moody’s Analytics, Fitch Ratings and Standard and Poor’s) have shown some improvement in the credit outlook for the United States, mostly due to the steadily improving economy and the declining deficit.Moody’s and Standard…
A new Congressional Budget Office (CBO) report warns of grave difficulties if Washington can’t agree on a new federal debt limit by October or November.As in the past, the Treasury is buying more time on the debt limit with what…
