Bond Markets Brush Off Tea Party Threats

Bond markets are shrugging off the debt ceiling debate as political theater. That's a relief. But isn't it also kind of insulting to the Tea Party? Philip Klein of the DC Examiner correctly observes that bond markets are shrugging off the debt ceiling debate as political theater. From the …

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Written by David Frum on Friday April 22, 2011

GOP Won't Win Debt Blame Game

If the U.S. does experience a credit downgrade, the Republican party's reputation for economic competence will take a big hit in the eyes of voters. There may be less in Standard & Poor’s new negative outlook on US debt than meets the eye. There’s no actual downgrade of the US credit rating …

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Written by Andrew Pavelyev on Wednesday April 20, 2011

Did U.S. Overreact to Debt Outlook Shift?

There's a lot of buzz about Standard and Poor's shift in outlook on U.S. debt. But a change in outlook isn't the same as a downgrade and, by itself, does little or nothing. There's a lot of buzz in Washington about Standard and Poor's shift in outlook on the United States' debt. I'm not sure if …

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Written by Eli Lehrer on Tuesday April 19, 2011

Washington Moves Slowly After Debt Warning

S&P's debt outlook announcement shocked Washington. But with Congress out of session and members focused on jobs and gas prices, we're still no closer to a long-term debt deal. Standard and Poor’s unexpected announcement yesterday that it had put United States sovereign debt on watch with …

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Written by Steve Bell on Tuesday April 19, 2011

Congress Gets Ready for the Next Budget Battle

Congress may have averted a shutdown, but their handling of budget negotiations left bond markets with more questions than answers. The 24-hour-a-day, seven-days-a-week coverage of the fiscally trivial work of the past 3 months is over.  The Continuing Resolution for Appropriations for FY11, …

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Written by Steve Bell on Sunday April 10, 2011

Budget Fight May Freak Out Markets

Global financial institutions are keeping a close eye on Washington. And even if there is a budget deal, the damage may already be done. Whether the federal government “closes down” for this weekend remains unknown at this time. But for the sake of discussion, let’s assume that Congress …

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Written by Steve Bell on Friday April 8, 2011