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    debt ceiling Tag

    After failing to do anything with Obamacare, Congress has gone on recess without addressing the debt ceiling. Treasury Secretary Steven Mnuchin has warned Congress to address the debt ceiling for the past seven months and do something before recess. Mnuchin said the government needs to raise the debt ceiling before September 29 or it will run out of money to pay the bills.

    The so-called Super Committee is on the brink of failure, if it has not already failed: The congressional committee tasked with reducing the federal deficit is poised to admit defeat as soon as Monday, and its unfinished business will set up a year-end battle over emergency...

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