What I know is that we need to come together over the next two weeks to reach a deal that reduces the deficit and upholds the full faith and credit of the United States government and the credit of the American people.
Their instruments are held all over the world, and we could not fail to honor the implied credit of the federal government.
These are unique government securities not available to the general public and are backed by the full faith and credit of the US Government.
That stance disagrees with the position the FDIC itself has taken in earlier litigation and would come as a shock to most bank depositors, who assume FDIC deposit insurance is backed by the full faith and credit of the government.
There is a vast array of evidence and a vast number of experts who can testify to the fact that playing chicken with the full faith and credit of the United States government is a bad idea.
Ginnie Maes are guaranteed against principal loss by the full faith and credit of the federal government.
Nobody doubts the full faith and credit of the US government.
And my point, as you know, I know, is that the -- raising the ceiling, the debt ceiling, is so important because it involves the faith and credit of the United States government as the most powerful economy in the world -- the economy to which the whole world looks for stability.
You cannot play chicken with the full faith and credit of the United States government.
The full faith and credit of the United States government is essentially our reputation in the world.
We remain very confident that Congress will act responsibly and maintain the full faith and credit of the United States government by raising the debt ceiling.
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And you need to take very seriously the need to raise the debt limit so that the full faith and credit of the United States government is maintained around the globe.
And it has to be done because defaulting on our obligations, defaulting on the full faith and credit of the United States government would be a terrible, terrible idea with unpredictable consequences.
But I would say, as we have in the past, that it is not a good idea to play chicken with our obligations and the full faith and credit of the United States government and with the prospect of default in the United States.
And presented with that fact, we have, with great focus, worked with and negotiated with Congress to try to get a deal that ensures that we do not default, that we maintain the full faith and credit of the United States government, and that we address the need to reduce our deficits and get our debt under control.
By interfering with the market pricing of credit, the government is making matters worse.
With the growth of the Brazilian economy and wider availability of credit and government cash transfer programmes, 35 million people have in recent years joined an expanded middle class.
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Because the financing is backed by the full faith and credit of the lender's government, the borrower gets better terms.
For example, the fallout from the 2008-2009 credit crisis brought interest in the consumer financials industry and how the government can improve the credit practices of the companies involved.
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It isn't enough to compare the spread to its average, Mr. Fridson says, because the average doesn't reflect the current level of default risk, the strength of the economy, the yield on government bonds or the availability of credit.
Vadera says she cannot recall speaking to anyone at the Bank about the rate but she did talk with bankers about a policy change (altering the price of the government's Credit Guarantee Scheme as I wrote yesterday) to get the LIBOR rate down overall.
The markets apparently regard me as a worse credit risk than the government of the world's eighth largest economy - largely because individuals have a sorrier history in general of repaying what they owe than the public sectors of first-rank developed economies.
He places some of the blame for the meltdown in the credit markets on a failure of government oversight.
The corporate-bond market has become less active partly because of the government's massive extension of credit to troubled borrowers.
The effects of a downgraded credit rating for the government are similar to a lower personal credit score.
Torfaen is one of six areas where the Department of Work and Pensions is running what it calls "demonstration projects" ahead of the introduction of the UK government's flagship welfare reform of Universal Credit in the autumn.
When the central bank raises rates, it is usually to tamp down inflation, though the Fed said its move in February was designed to reduce the banking sector's dependence on government credit in the wake of the financial crisis.
The most recent development took place last week when Repsol diverted the course of a shipment of natural gas to Argentina, claiming it did not receive a letter of credit from the Argentine government.
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"The basic goal of financial repression is directing credit to the government on terms as inexpensive as possible, " Ms. Reinhart says.
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Wednesday's hearing stems from an investigation of the credit card industry completed in September by the Government Accountability Office (GAO), the auditing arm of Congress.
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