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Treasury: Trillion-dollar coin would not be legal
Treasury Department spokesman Anthony Coley said Saturday that neither his department nor the Federal Reserve believes the law can or should be used to produce such a $1 trillion coin to avoid a coming battle with Congress over government borrowing.
Tags: Treasury , Federal Reserve , budget , Congress
What happens August 3?
It's August 3 and the debt ceiling still hasn't been raised. Now what? Steve Bell, senior director of the Economic Policy Project at the Bipartisan Policy Center offers insight.
Tags: Federal Drive , deficit reduction , Bipartisan Policy Center , Steve Bell
Nip and Tuck or Guillotine Time?
It's showtime for Congress, the White House and members of the federal family. Odds are, Senior Correspondent Mike Causey says, you are not going to like what you see and hear for the next couple of weeks.
Tags: Mike Causey , Federal Report , budget , Congress , White House
Bill protects military pay if government defaults
A new bill would protect military pay even if the government defaults because Congress doesn't authorize an increase to the government's debt ceiling. Rep. Steve King (R-Iowa), who co-sponsored the Payment Reliability for our Obligations to Military and Investors to Secure Essential Stability, or PROMISES Act, discussed the bill with Federal News Radio.
Tags: Congress , Congressional Spotlight , steve king , military
Unions rally against debt-limit retirement cuts
The two largest federal unions are urging feds to stand up against proposed cuts to federal pay and retirement by calling Congressional leaders and rallying in New York. Last week, 21 federal unions sent a letter to Treasury and OMB demanding to know what would happen to federal employees should Congress and the White House fail to raise the debt ceiling but got no response.
Tags: AFGE , John Gage , Harry Reid , Mitch McConnell , NTEU , retirement , pay and benefits , Emily Kopp
Managing through the debt ceiling debate
How can you keep your employees from pulling out their hair during the debt debate? Advice from John Palguta, vice president for policy at the Partnership for Public Service.
Tags: Federal Drive , debt debate , Partnership for Public Service , John Palguta , management
Making sense of debt ceiling, debate
A rational explanation on the debt ceiling debate from Hudson Institute economist Diana Furchgott-Roth.
Tags: Federal Drive , debt debate , Hudson Institute , diana furchgott-roth
Unions demand to know debt ceiling impact on feds
A coalition of 21 groups representing five-million federal employees and retirees wrote a letter to OMB and Treasury asking for information about what happens to federal workers if the debt ceiling isn't raised. NTEU is planning a rally in New York to oppose proposed cuts to federal employees pay and benefits.
Tags: OMB , Treasury Department , Timothy Geithner , federal unions , Federal-Postal Coalition , National Treasury Employees Union , pay and benefits , Jack Lew , Emily Kopp , Jacob Lew
SSA tells employees to keep mum on debt ceiling questions
Will you still receive a social security check if the government doesn't raise the debt ceiling? You won't be getting an answer from the Social Security Administration.
Tags: SSA , workforce , pay and benefits , retirement
Analysis: Debt ceiling 'grand bargain' needed
Maya MacGuineas, president of the Committee for a Responsible Federal Budget and the director of the Fiscal Policy Program at the New America Foundation, told Federal News Radio why a "grand bargain" on the debt ceiling debate should happen sooner rather than later.
Tags: Maya MacGuineas , Committee for a Responsible Federal Budget , New America Foundation , In Depth , Francis Rose
