Government Debt

Harvey Relief Bill Could Help Congress Raise Debt Ceiling
www.wsj.com

Congress needs to raise the debt limit by the end of September or risk default. Widespread support for storm aid could help get it done.

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Markets Eye Debt Ceiling With Unease
www.wsj.com

Early signs of concern about the federal debt ceiling are creeping into the financial markets, as President Donald Trump pressured lawmakers over how to proceed on the issue.

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After Puerto Rico’s Debt Crisis, Worries Shift to Virgin Islands
www.nytimes.com

With debts piling up and lenders growing nervous, the U.S. Virgin Islands is approaching the same kind of fiscal crisis that engulfed Puerto Rico.

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The U.S. Makes It Easy for Parents to Get College Loans—Repaying Them Is Another Story
www.wsj.com

The federal Parent Plus loan program has millions of borrowers, many with subprime credit ratings. Its default rate exceeds the rate for U.S. mortgages at the peak of the housing crisis, and the debt is almost impossible to extinguish through bankruptcy.

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The Economic Anxieties That Motivate Trump Loyalists
www.wsj.com

Many of President Donald Trump’s backers cite the U.S. trade imbalance, federal debt and the cost of foreign wars as causes of their unease—not health insurance or immigrants, Gerald F. Seib writes.

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Treasury secretary to begin steps to avoid default on national debt
feeds.cbsnews.com

Treasury Secretary Steven Mnuchin wrote to lawmakers to inform them that he’ll employ measures to avoid breaching the borrowing limit. The suspension of the limit expires Mar. 16

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CBO Projects Federal Debt to Grow $10 Trillion
www.newsmax.com

The federal deficit will increase by $10 trillion over the next decade if current laws remain basically unchanged, according to a report released Tuesday by the nonpartisan Congressional Budget Office.

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