The debt-ceiling crisis has been put off for a few weeks, but then the hysteria will resume. Don’t worry: It will be much ado about mostly nothing.
Steve Forbes is Chairman and Editor-in-Chief of Forbes Media. Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers,Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.
Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity co-authored by Elizabeth Ames . Steve writes editorials for each issue of Forbes under the heading of “Fact and Comment.” A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.
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Treasury secretary on debt ceiling debate: 'It's flirting with a self-inflicted crisis'Treasury Secretary Janet Yellen said the debate over the US debt ceiling amounts to 'flirting with a self-inflicted crisis' but that everyone 'breathed a sigh of relief' after Democrats and Republicans reached a deal to avert economic disaster.
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Dow rises nearly 400 points as lawmakers prepare to delay debt-ceiling reckoningU.S. stocks rise on Thursday, pointing to a third day of gains, on signs that the debt ceiling issue in Washington will be resolved for at least two more...
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What will the Fed will do if the government hits the debt ceiling?The Federal Reserve won’t sit idle if Congress fails to lift the debt ceiling and the government is unable to pay all its bills, economists said. An emergency plan devised years ago is the likely blueprint.
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Schumer: Deal reached to extend debt ceiling until early DecemberSenate Majority Leader Chuck Schumer has announced Democrats and Republicans have reached a short-term deal to avert the U.S. defaulting on its debt.
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Schumer announces deal to extend debt ceiling into December, averting defaultJUST IN: Senate Majority Leader Schumer announces agreement to extend the debt limit through early December, temporarily ending a partisan standoff just 11 days before the government's deadline to avert default.
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Schumer announces Senate has reached agreement to extend debt ceilingJUST IN: Senate Majority Leader Schumer announces agreement to extend the debt limit through early December, temporarily ending a partisan standoff just 11 days before the government's deadline to avert default.
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