Sentence examples for of debt Ceiling from inspiring English sources
But for the tea party--the House radicals and their fellow travelers--the end of Debt Ceiling Crisis of 2011 may loom as the great opportunity lost.
Of course, the real madness comes later, when Obamacare gets knit up in the next round of Debt Ceiling Apocalypto, which Jonathan Chait has detailed.
"Credit markets could freeze, the value of the dollar could plummet, and U.S. interest rates could skyrocket, potentially resulting in a financial crisis and recession that could echo the events of 2008 or worse," the department said in its Report on Macroeconomic Effect of Debt Ceiling Brinkmanship.
"Given that this round of debt ceiling negotiations" took place during a shutdown, she said, "the impact on the economy could be even more severe".
Winning approval of debt ceiling increases from Congress has been difficult in the past, in part because it is an opportunity for grandstanding and hard bargaining.
NEW YORK TIMES On Debt Ceiling, Warren and Wall Street Find Common Ground | "I don't always see eye-to-eye with Wall Street C.E.O.'s, but on this one we agree," Senator Elizabeth Warren, Democrat of Massachusetts, writes on her Web site.
For decades, the debt limit sat harmlessly in U.S. law like a human appendix, increased with little controversy whenever needed, said Neil H. Buchanan, author of the 2013 book "The Debt Ceiling Disasters: How the Republicans Created an Unnecessary Constitutional Crisis and How the Democrats Can Fight Back".
Which only signals the Kabuki writers to begin cranking out another of these plays, as a sequel labeled either (take your pick) "Obama's Second Honeymoon: The Public Approves Of The Deal," or, perhaps, "Debt Ceiling Scrape, or Fiscal Cliff Part Two".
Q. and A. on the Debt Ceiling A "crash course in all things debt ceiling".
Surely markets have by now priced in deep Washington dysfunctionality, rapid fiscal consolidation, and even the new norm of debt-ceiling gamesmanship.
