Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
The US is about to collide with the debt ceiling again — here's why we should just kill it for good
Abstract：The best way to solve problems created by the debt ceiling is to get rid of it, writes economist Steve Pressman.
The US government hasn't been able to borrow money since March 1 and has been burning through cash.
The government's borrowing is limited by the debt ceiling, established in 1917.
The best way to solve problems created by the debt ceiling is to get rid of it, writes economist Steve Pressman.
Editor's note: The US government maxed out its national credit card in March and has been moving money around ever since to avoid running out of cash.
Very soon the Treasury Department will reach the limits of this financial sleight of hand, and Congress will have to either raise the debt ceiling — currently US$22 trillion — or suffer the consequences.
Economist Steve Pressman explains why we have a ceiling and why it's time to abolish it.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
12 people who seemingly predicted the coronavirus pandemic - Business Insider
Bill Gates warned Donald Trump before he took office of the dangers of a pandemic — and urged him to prioritize the US' preparedness efforts.
Industry 2020-05-14
Here's how much home prices fell in April in 26 of the largest US cities - Business Insider
Of the 100 largest US metro areas, Zillow found that 26 saw a month-over-month decrease in median listing price, ranging from 0.1% to 3.3%.
Industry 2020-05-12
The coronavirus pandemic has cost LVMH's Bernard Arnault $30 billion - Business Insider
Before the coronavirus, luxury conglomerate LVMH was posting record-breaking revenues and sending Bernard Arnault's net worth soaring.
Industry 2020-05-12
6 Fed officials comment on economic rebound, unemployment, stimulus - Business Insider
Several officials agreed that the Fed's relief efforts — while necessary — pose economic risks if they go unchecked and aren't appropriately reversed.
Industry 2020-05-11
WikiFX Broker
Latest News
Stonefort Broker Review 2025: Legit or Risky? A Complete Analysis
WikiFXQuantower Review 2025: User Reviews and Complaints in India
WikiFXUniglobe Markets Review 2025: A Safe Broker or a High-Risk Scam?
WikiFXCHINA BEST Broker Review: Regulation and Risks
WikiFXTD Markets Exposed: Price Manipulation, Withdrawal Issues & False Promises Hurt Traders
WikiFXBank of England holds rates steady in narrow vote ahead of Autumn Budget
WikiFXBingX Review: Traders Angry Over Withdrawal Denials, Account Blocks & More
WikiFXOp-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.
WikiFXPrivate payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says
WikiFXHe Thought It Was a Crypto Investment; It Cost Him RM1.2 Million
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate