Bank chief has warning about U.S. delaying debt reckoning
Relying on the Federal Reserve to shore up the economy while agreeing to short-term budget deals risks storing up trouble for the United States down the road.
Relying on the Federal Reserve to shore up the economy while agreeing to short-term budget deals risks storing up trouble for the United States down the road.
The upcoming fight in Congress over raising the federal debt ceiling was previewed Sunday by two freshman lawmakers representing opposing viewpoints on whether spending cuts should be paired with the increase.
Republicans are trying to make political hay of the fact that the federal gross debt this week crossed the $16 trillion mark.