We are going to come up against another debt ceiling crisis in just two months.
And in this case, the debt ceiling crisis, if you will, was a manufactured crisis.
They saw Republicans lose ground in the polls and with voters after precipitating the last debt ceiling crisis in 2011.
After a divisive campaign and the recent debt ceiling crisis, there has been enough harsh language and partisan politicking to justify that figure.
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Unfortunately, the debt ceiling crisis over the last month, I think, has had an unnecessary negative impact on the economy here, as well.
Some Obama fundraisers were cancelled during the summer debt ceiling crisis.
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At exactly the same time, we have the U.S. Treasury's ability to rob Peter to pay Paul on the debt ceiling crisis coming to a head.
That political thinking, plus the memory of the debt ceiling crisis in 2011, are two reasons why there is such a confused view of the fiscal cliff, he says.
His latest speech on the debt ceiling crisis and his speeches on the fiscal cliff have shown him to be as much a part of the broken system in Washington as anyone else.
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That mechanism was created back in 2011 at the time of the US debt ceiling crisis as an outcome so terrible that it would force Republicans and Democrats to find a compromise that starts reducing the US Federal deficit.
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We certainly saw that during the debt ceiling crisis, where the President was willing to make some political -- some tough choices that would have been challenges for him within his own party in the effort to get a grand bargain with the Speaker of the House.
Indeed, small business online community Manta recently surveyed more than 1, 300 business owners, including Rubenstein, and found that 37 percent had decided against hiring new staff in the first quarter and 14 percent are ending discretionary spending in response to the fiscal cliff and debt ceiling crisis.
We took an important step towards creating economic certainty here in this country by resolving the debt ceiling crisis earlier this week, and we need just -- but these are big issues and our work is not done and we need to continue to focus on what we can do to ensure that our economy grows and that it creates jobs.
The debt-ceiling crisis last year showed it at its most irresponsible, and led to a downgrade of America's credit rating.
The current debt-ceiling crisis in Washington is providing quite the leadership lesson.
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In fact, with the debt-ceiling crisis just the opposite occurred.
The Supercommittee (6 members of the House of Representatives and 6 Senators divided equally between Democrats and Republicans) was established by the Budget Control Act of 2011, enacted to end the debt-ceiling crisis of last spring and summer.
At this point, and with a bleak future ahead as things stand, there is at least the opportunity to talk about something that could actually address the issue instead of going through the same thing next year and dealing with another debt-ceiling crisis.
In the debt-ceiling crisis, there was no prior evidence available, but instead of working to reduce risk, the behavior of those involved in settling the matter gave the appearance of deliberately trying to do just the opposite and, in fact, demonstrated little concern at all about the risks entailed.
The debt-ceiling crisis was neither optimal in its settlement, nor elegant in its solution, but it does provide a most vivid set of insights into both choice and leadership and we should at least profit from the spectacle that we have all be watching unfold before our very eyes over the past few months.
With the debt-ceiling crisis, however, the willingness to wait until the last moment removed any chance of learning and, more to the point, there was never much of a commitment to learning on the part of many of the principal actors: over and over again we were informed that such thoughtful exploration was out of the question because of prior campaign pledges made to constituents.
The Fed chairman said it was hard to ascertain how the economy has been impacted by the recent stock-market weakness, debt-ceiling negotiations and the European debt crisis.
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The housing market and the larger economy were still subject external shocks including the debt ceiling debate, the European Crisis and unexpectedly strong austerity by State and Local governments.
On the other hand, if we raise the debt ceiling, we can postpone the crisis into an indefinite future.
The Simpson-Bowles deficit reduction plan that the Campaign to Fix the Debt has advocated is a clear way forward to avoid another crisis this summer, when the debt ceiling comes up for review again.
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However, Cisco pointed out concerns in its last quarter earnings that the hike in the U.S. debt ceiling and the ongoing European debt crisis could weigh on its revenues in Q1 2012 and projected a low single digit growth for the quarter.
And in the U.S., the extended and unresolved fiscal crisis and now the debt ceiling will impact global risk appetite for corporate and portfolio investors.
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Financial Crisis Act II: Greece vs Debt Ceiling originally appeared in the Daily Reckoning.
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We have the issue of the debt ceiling coming back on the agenda soon, a crisis that brought he legislature to paralysis last summer.
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