Topic: Federal debt

University Experts Available for Analysis of U.S. Debt Ceiling and Deficit Situation Issues

July 29, 2011

The United States is expected to hit its debt ceiling on or near Aug. 2 and no deal is in place from Congress to raise the debt ceiling. Economics experts in and out of government have said that if we reach Aug. 2 without having passed legislation to raise the debt ceiling, the U.S. will at worst default on its $1.3 trillion debt and likely will have to stop funding government expenditures.

Read more