August 9, 2011
Read articles from the August 9th edition, including the aftermath of the debt ceiling crisis.
- CHN: The Debt Crisis is Averted: What Happens Next?
On August 2, President Obama signed into law the Budget Control Act of 2011. The last-minute agreement by Congress allowed for increased federal authority to borrow, thereby narrowly avoiding a potentially disastrous default on federal obligations. The price of increasing federal borrowing authority was a multi-step pathway to a minimum of $2.1 trillion in deficit Read More »
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