Mellody Hobson explains the debt ceiling in today’s “Money Mondays” segment. Let’s start at the beginning. A common misperception is that the debt ceiling is…
Kentucky senator Rand Pau; got into a heated debate this past weekend over the raising of the debt ceiling with CNN anchor Don Lemon.
The Senate has approved an emergency bill to avert a first-ever government default with just hours to spare. The strong bipartisan vote was 74-26. The measure now heads to President Barack Obama for his signature. The legislation makes a down payment on taming out-of-control budget deficits. THIS IS A BREAKING NEWS UPDATE. Check back soon […]
Barack Obama has reached an agreement with Republican and Democratic congressional leaders aimed at ending the US debt deadlock that threatened to throw the US and world economy into chaos. However, in an address from the White House, he warned: “We are not done yet.” Although the Senate is almost certain to pass the move, […]
What does the $14.3 trillion debt ceiling feud between President Barack Obama and House Republicans mean for African-Americans? And why should you care?
President Obama took his debt limit argument to the American public Monday evening in a nationally televised speech in which he explained why it is so critical that the debt ceiling be raised before the Aug. 2 deadline. The president began his speech by explaining the difference between his approach and the one being promoted by House […]
Debt is a word I’m sure most Americans are well aware of. Whether it’s personal debt or the country’s national debt, it’s something that can’t be avoided. America’s debt is rising so fast that we are currently looking at our debt ceiling cracking. While there is no actual ceiling, these cracks are very real and a […]