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  • debt limit

    Washington in a Flash: Fireworks

    The nation’s capital was treated to a beautiful fireworks display last night. You can expect more of the same this week in Washington as the clock ticks toward the Obama administration’s Aug. 2 deadline for a deal on the debt limit. The House returns from a weeklong district work period … More

    Lunch with Heritage Online Chat on the Debt

    Click here to join the chat! We are joined by Heritage’s Senior Fellow in Government Studies, Brian Darling and he is taking your questions about the next steps Congress and the President can take to reach a deal and what the best options to take are. Use the form to … More

    Morning Bell: Time For Congress to Lead on the Debt Ceiling

    As we saw at yesterday’s press conference, President Obama is not going to lead on the debt ceiling issue. Nor is he going to compromise or play a mediating role. He is more interested in blaming others for his troubles, demagoguing other solutions and running for re-election. This is why … More

    Washington in a Flash: Obama and Reid Get Cozy at the White House

    Senate Majority Leader Harry Reid (D-NV) is making his second trip to the White House this week. Today he’ll be joined by Sens. Dick Durbin (D-IL), Patty Murray (D-WA) and Chuck Schumer (D-NY) for an afternoon meeting with President Obama on the debt limit among other issues. The Democrats are … More

    VIDEO: Hutchison Hammers Liberals for Opposing Social Security Reform

      Sen. Kay Bailey Hutchison (R-TX), in an exclusive interview with Heritage, criticized her liberal colleagues for opposing Social Security reform, warning that they would rather increase taxes on businesses. Hutchison singled out Senate Majority Leader Harry Reid (D-NV) for his repeated assertions that Social Security is not in trouble. … More

    Washington in a Flash: The Court Is Adjourned

    The U.S. Supreme Court wraps up business today with four final rulings. Two of the cases involve the First Amendment, including a decision on Arizona’s campaign finance law. Next week Heritage hosts the annual “Scholars and Scribes Review the Rulings” on July 6 at 10 a.m. Click to RSVP or … More

    How the Debt and Economy Are Reshaping Millennials’ Life Choices

    America’s sluggish economy and mounting debt threaten to change the very fabric of our country as young people delay major life changes. New polling released by the upstart Generation Opportunity reveals the dramatic consequences facing America as the Millennials grow older. A staggering 77 percent of Americans age 18–29 say … More

    Slay the Beast: How You Can Save Us From the Massive Debt

    RALEIGH, NC — There’s a lot of talk in Washington these days about debt — and for good reason. The federal government reached the $14.3 trillion debt ceiling one month ago today. And the Obama administration has set a date of Aug. 2 for Congress to raise that limit. Why … More

    Tax Increases Should Be Off the Table in Debt Limit Negotiations

    Congressional Quarterly reported yesterday that Democrats, led by Representative Chris Van Hollen (D–MD), are pushing to use “tax overhaul” as a means to cut a deal to increase the debt ceiling by $2.4 trillion: Van Hollen also revealed that Democrats on the panel have “put a whole menu of options … More

    Just How Big Is $1 Trillion?

    Billion used to be a big number in the United States, but today trillion is tossed around with increasing regularity. We could use your help communicating its significance. Whether it’s the $14.3 trillion public debt or the $62 trillion owed for the government’s unfunded liabilities, the number is so large … More