Weekly Round Up – September 20, 2013

Debt

Debt

 Before we get to the good reads!

Check out this beastly resource on Sticky Blog Posts: 8 Tips for an Effective Post, and let me know what you  think.

 A Few Good Reads

Here are a few of my favorite reads from the past week.

 1. Obama economic adviser’s refrain: No debt ceiling negotiations

President Barack Obama and his closest advisers are making it clear: They will not negotiate on the  looming debt ceiling.

In an interview on Sunday with ABC, Obama said he “will not negotiate…on the debt ceiling” because making a debate over the credit of the United States the norm would alter “the constitutional structure of this government entirely.” Open this article

2. Dems pledge support for ‘clean’ debt limit bill: 

House Democrats are pressing for a so-called “clean” extension of the debt limit in a letter to President Barack Obama – laying down their marker in what is likely to be a nasty battle over fiscal policy in the coming weeks.

In the letter being circulated by Rep. Peter Welch (D-Vt.), a slew of House Democrats – including all five members of its leadership – warn of the dangers of defaulting on the nation’s debt and urge Obama to stand firm on his pledge to not negotiate on raising the debt limit. Open this article

3. It’s Time To Freak Out About The Debt Ceiling And A Government Shutdown Again: 

There is perhaps less than a month to go before Congress needs to raise the nation’s debt ceiling. And with no clear strategy going forward, the freak out has begun.

Congressional leaders and members of the Obama administration are throwing out heated, partisan-based tough talk in both directions.

Congress has to deal with both budget issues of averting a government shutdown by Sept. 30 and hiking the nation’s borrowing limit by mid-October, and both don’t appear to be close to resolution. Open this article

4. House Republican leaders: Debt hike is the better fight: 

A government shutdown is looming on Oct. 1. But don’t worry about it.

That’s the message the House Republican leadership and its allies are spreading as Congress moves toward a fiscal showdown with President Barack Obama and the Democrats, a clash with huge political and economic ramifications for both parties.

Speaker John Boehner (R-Ohio), Majority Leader Eric Cantor (R-Va.), Majority Whip Kevin McCarthy (R-Calif.) and their allies are instead privately urging rank and file to forgo a clash over government funding — and a possible government shutdown — and instead dig in against Obama and the Democratic Senate when the debt ceiling needs to be lifted sometime next month. Open this article

5. The Half-Forgotten Student Debt Crisis: 

The debt ceiling debate is poised to return to the center-stage of American domestic politics. The Bipartisan Policy Center anticipates that the U.S. Treasury will hit the current debt ceiling sometime between October 18 and November 5, and House Republicans have already drafted a short-term spending resolution extending federal government spending through to December 15 if (and only if) none of that money is spent on the implementation of the Affordable Care Act. So here we go again, with Tea Party Republicans in Washington once more telling us that federal debt is the problem of the age, and that Obamacare is the greatest threat we face to the freedoms we love. Open this article

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Carnivals

This That and The MBA was included in several carnivals over the last weeks:

1. http://www.moneywisepastor.com/3468/carnival-of-money-pros/

2. http://www.moneylifeandmore.com/welcome-to-the-yakezie-carnival-5018/

3. http://degreesanddebt.com/2013/09/15/financial-carnival-for-young-adults/

4. http://www.frugalrules.com/carnival-of-financial-camaraderie/

5. http://momanddadmoney.com/2013/09/carnival-financial-planning.html

6. http://savvyscot.com/carnival-of-financial-independence-28th-edition/

Thank you for the mentions last week. I really appreciate it. Have a great weekend!

-Christopher-

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Comments

  1. Like you, I have been reading a lot about the looming fights over the debt ceiling and the budget. It will be interesting to see where we are one week from now and the impact on the markets.

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