Debt Ceiling, Fiscal Issues, Paying the Bills of Congress, AIG Bailout Lawsuit (2013)

MR. CARNEY: Good afternoon, ladies and gentlemen. Thank you for being here. Before I start, it is amazing, in today’s era of lightning communications, how this already seems to be a moment that’s passing, but it is worth pausing to remember, perhaps in my mind, the greatest political journalist ever, and that’s Richard Ben Cramer. […]

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Inside the Bailout That Saved a Debt-Ridden Trump Organization | The Choice 2016 | FRONTLINE

>>NARRATOR: Burdened by debt, the Taj would not turn a profit. By that winter, as Roffman predicted, the casino was in serious trouble.>>His business condition was terrible, worse than terrible. We were in a deep recession and people weren’t going to Atlantic City, so the revenue stream from Atlantic City, the Taj Mahal, and the […]

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Footnote † from “The Debt Ceiling Explained”

Of course, the President doesn’t personally borrow money. Really, the Department of the Treasury, that he oversees, issues debt on behalf of the US government, and fully explaining the process by which the government issues debt in the same department that both prints new cash and collects taxes quickly leads to questions about money’s existential […]

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