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"This amendment is a significant development for future debt ceiling negotiations as it will forever remove the uncertainties associated with prolonged and disruptive negotiations on this issue," Millan L. Mulraine of TD Securities said in a note to clients.
"This amendment is a significant development for future debt ceiling negations as it will forever remove the uncertainties associated with prolonged and disruptive negotiations on this issue," Millan L. Mulraine of TD Securities said in a note to clients.
"While no legislation is perfect," the group said, the House legislation would "cut spending in the immediate term by more that the increase in the debt ceiling; ensure a workable, enforceable mechanism to facilitate additional spending cuts for future debt limit increases; and allow for a vote on significant reform to the budget process".
To put all this in slightly less befuddling terms, the UK government now expects to owe its creditors £1.442tn by 2016/16, which is £83bn more than it was forecasting 18 months ago for future debt.
I introduced a "Sense of the House" resolution that sets targets for future debt reduction.
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These states may end up borrowing reserve funds from the federal government and hurting their credit ratings for future debts.
And while the European Union might like the idea of tying itself to the mast, and thus pre-announcing a policy for a future debt crisis, in the sovereign context each case is new.
McConnell has already insisted that a new template has been created for any future debt ceiling increase.
I couldn't stop laughing/vomiting for the next five minutes as my children looked on in sheer horror, the swiftly increasing future debt for counselling painted on their faces like my vomit on the shoes of the quiet, wide-eyed girl in the front row.
A correspondent dusts off his leather driving gloves and takes it for a spin Mortgaging the future Debt has grown at an astonishing speed across the rich world in the past 50 years, as the financial industry found more and more ways to lend.
Conditional on the absence of moral hazard, we find Eurobonds to be a good instrument to absorb macroeconomic shocks and to diminish uncertainty over future debt forecasts; for Ireland and Portugal, we find debt to be 20 percentage points lower than under our baseline scenario, by 2020.
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