• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Debt Ceiling

    Conversations with Conservatives on IRS, Debt Limit, Immigration (VIDEO)

    Have a question about the debt ceiling, Benghazi, or the IRS? Get the inside scoop from the champions of conservatism in the House of Representatives. This month’s meeting of Conversations with Conservatives will take place Wednesday at 11:30 a.m. It will be streamed live online. Viewers may  participate in the conversation on Twitter (tweet … More

    Washington Hits the $16.7 Trillion Debt Ceiling with $300 Billion in New Debt

    On May 19, the United States hit its debt ceiling after adding $300 billion in more debt since lawmakers suspended the ceiling in February. But the cash won’t run dry until at least Labor Day, according to Treasury Secretary Jack Lew, whose department can employ a variety of cash management … More

    House Republicans Are Right to Focus on Spending Cuts as Part of Debt Ceiling Increase

    This week, the House Republican conference met to discuss what their priority will be in connection with any vote to increase the debt ceiling. This is timely since the current suspension of the debt limit expires tomorrow. According to reports of the Republican House caucus meeting, “Members came away with … More

    Quiet Before the Storm: CBO Reports $642 Billion Deficit in 2013

    At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO projected a deficit of spending over revenue of $845 billion, but a large and temporary boost in revenues is pushing that figure down. Like the … More

    Morning Bell: Ready for Another Debt Limit Fight?

    Yes, it’s time to talk about the debt limit again. Every time the U.S. bumps up against its debt ceiling, we start the cycle all over again. President Obama insists he won’t negotiate over the debt ceiling, but of course he will. Members of Congress grandstand about changing this vicious … More

    Morning Bell: Obama and the Seuss-quester

    On Pennsylvania Avenue, right near the end, there lived a President who wanted to spend. He knew spending meant power, so hour by hour, he thought up more spends from his Washington tower. “I’ll spend without limits; I’ll spend without blame! Raising taxes to pay—that’s the name of the game.” … More

    In Congress, a Welcome Desire for “Regular Order”

    As Members of Congress left town last week for the Presidents’ Day break, a refreshing and commendable sentiment followed them: nostalgia for the “regular order” of lawmaking. “Tired of watching as flailing leadership negotiations fail to produce any key legislation,” wrote The Washington Post, “senior lawmakers hope that a return … More

    Morning Bell: How to Balance the Budget in 10 Years

    Both houses of Congress have now voted to suspend the debt ceiling until May 19, buying lawmakers more time to develop a budget. The Senate would put together a budget for the first time in three years—and the details of that budget are crucial. To prevent the federal debt from … More

    VIDEO: Jim DeMint Says Obama Is “Running Out of Excuses” on Debt

    Heritage Foundation President-Elect Jim DeMint told Fox News’ Greta Van Susteren last night that President Obama is “running out of excuses” on America’s debt problem and liberals are in denial if they think Washington doesn’t have a spending addiction. Greta, the president is running out of excuses. He can’t blame … More

    The Curious World of Jack Lew, Treasury Secretary Designate

    President Obama has nominated White House Chief of Staff Jack Lew to succeed Timothy Geithner as Treasury Secretary. Lew could be in for some tough questioning. For better or for worse, the Secretary of the Treasury stands at the center of the U.S. financial system simply by virtue of the … More