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McCarthy’s Exit: Budget Deal Or Disaster?

Posted by Sydney J. Freedberg Jr. on


Updated with Loren Thompson & Byron Callan comment WASHINGTON: Rep. Kevin McCarthy’s sudden exit from the House Speaker race raises the chance of a fiscal disaster — but it also raises the odds of a desperate budget deal. Both extremes just got more likely. Ironically, this deepening leadership void elevates the role of Rep. John… Keep reading →

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DoD Plans for Default: But It’s All Up To Treasury

Posted by Colin Clark on


Washington: The Defense Department is busy planning on how to cope with our nation defaulting on its debt, should Congress abdicate its responsibility to the country. The good news is the Pentagon has money obligated and appropriated so it could pay its bills. The bad news is that Treasury and the White House’s Office of… Keep reading →

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