The term "debt limit" makes a mockery of any kind of responsible budgeting. Each time the government reaches the "limit," it gets raised with the familiar scenarios that include threats of a ...

The debate around the US debt ceiling is back again. While our base case is that Congress eventually will increase the debt ceiling, as it has in every past episode, we expect that process to be ...

Futures in the United States and Europe are trading cautiously higher as I write this article, with traders remaining concerned about the continuing U.S. debt limit turmoil. The truth about the debt ...