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A temporary suspension of the U.S. debt ceiling expires on May 19, but the Treasury Department should be able to borrow for several more months by employing unusual cash management tools.The department believes these tools and surprisingly strong government revenues should allow it to keep paying the nation's bills into September, staving off for a time the specter of a potentially devastating debt default.Indeed, many private forecaster now believe the debt limit will not become binding until some time in October, in part due to sizable bailout payments from mortgage finance firms Fannie Mae and Freddie Mac. The cash infusion will provide the government more room to operate. The Treasury is likely to start taking steps that will hold off default in the coming days.Following are some of the measures the Treasury has employed in the past and will likely use this time around to free up borrowing capacity once the temporary suspension of the U.S. debt limit expires.SUSPEND STATE, LOCAL GO...
Republicans in the House of Representatives backed away on Friday from a fiscal clash with President Barack Obama next month that could have risked a government defa...
Rep. Peter Welch (D-VT) on the debate over the debt ceiling and why he believes it is destructive for the U.S. economy.
U.S. House Speaker John Boehner said on Friday there should be no long-term increase in the federal debt limit until the Senate passes a budget, and House Republican...
Former President George W. Bush Adviser Brad Blakeman and Cato Institute Senior Fellow Dan Mitchell on the potential impact of reaching and passing the debt limit .
As the debate over whether the U.S. government should increase its borrowing capacity reaches a fever pitch, we offer a cheat sheet for readers to better understand ...
The Weekly Standard Senior Writer Steve Hayes and American Banker Columnist Susan Ochs on whether the debt ceiling still serves a purpose.
Nissan Chairman Carlos Ghosn on the need for cooperation in Washington and why the company wants to be a leader in electric vehicles.
U.S. retail sales rose more than expected in December, a sign that consumers may help buoy the economy despite political bickering over tax and spending policies in ...
Top Democratic Senators on Friday urged President Barack Obama to be ready to raise the debt ceiling without congressional approval in order to avert a damaging debt...
U.S. stocks are poised for gains to begin the year after the late passage of a bill to avoid harsh tax hikes that would have hit most Americans and crimped economic ...
The yen fell to its lowest level in more than two years on Friday, lifting Japanese stocks to 21-month highs on expectations of drastic monetary easing, while shares...
The yen hit its lowest level in more than two years on Friday, helping lift Japanese stocks to 21-month highs on expectations of drastic monetary easing, while share...
The U.S. Senate on Saturday narrowly passed its first federal budget in four years, a move that will usher in a relative lull in Washington's fiscal wars until an an...
Wayne Rogers & Co. Chairman Wayne Rogers says that government’s inability to pass a budget is “insane,” and is no way to run a business.
Stossel looks at what a second term under President Obama will be like following the big inauguration event
The temporary suspension of the U.S. federal government's debt limit removes the near-term risk to the country's AAA rating, Fitch Ratings said Monday. The ratings f...
The number of Americans filing new claims for unemployment benefits unexpectedly fell to its lowest since the early days of the 2007-09 recession, a hopeful sign for...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
FBN’s Rich Edson on congressional efforts in 2013.
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