Washington is yet again fighting over the debt ceiling, trying to pay the bills they’ve racked up through deficit spending. Meanwhile some local economists say the debt ceiling itself is a bad idea.
Illinois U.S. Sen. Dick Durbin has revealed a bit more about what the future of the federal debt debates will look like.Part of the agreement that extended the debt ceiling called for the creation of a bipartisan congressional committee made up of senators and representatives.
Standard & Poor's moved to downgrade housing lenders Fannie Mae, Freddie Mac and a handful of insurance companies Monday — all in connection to Friday's credit downgrade of long-term U.S.
Chicago Mayor Rahm Emanuel is hitting out at republicans who have been criticizing his former boss.Republican Presidential candidate Mitt Romney ridiculed President Barack Obama's handling of the economy and debt ceiling debate this week.
With the fight over the U.S. debt ceiling finally over, investors are free again to focus on all the economic challenges that lie ahead, but they are finding little reason to celebrate.
