Congress has until a week from today to raise the debt ceiling, the cap on the amount of money the Treasury can borrow to pay the government's bills. As the clock keeps ticking, you may still have unanswered questions. How dire could the consequences of not raising the debt ceiling be? What are the possible […]
This month, the president of the United States angrily walked out of ongoing negotiations over the raising of the debt ceiling from its legislated maximum of $14.294 trillion dollars. This prompted a new round of speculation over whether the United States might default on its financial obligations. In these circumstances, it is useful to recall […]
According to tax records and other materials acquired by Bloomberg News, Koch Industries, Exxon Mobil, and numerous other corporations paid tens of thousands of dollars to write legislation for lawmakers that would repeal carbon pollution reduction programs in various states around the U.S.
WASHINGTON D.C.-The U.S. Treasury department announced today that it has sold its stake in the Chrysler Corporation to the Italian Automaker, Fiat.