Yellen warns that the government will not pay it's bills

Dead beat republicans will default.

Just like they did in 2011.

Collapse the world banking system and blame Biden

Standard play book for the dead beat dad party...

The ceiling must be raised by the end of the month ...

It's looking that way.

I hope sanity prevails, but after watching the "House clown show" a week ago, I'm not so sure.

Will the Taliban please send our 83 or so billion dollars back to include all of our military hardware left for them to use to round up thousands of Americans? That is real money.

Trump should have negotiated a better deal, right? Maybe we can get Mexico to pay for the money we spent on the wall construction also.

Left half done in a slam and bang .

Border wall???? 

Places don't even have a fence....

Those Americans are in some cases American gi and Afghanistan women .

So how much child support do these guys pay.....

https://www.newsweek.com/senator-joe-biden-opposed-gop-debt-ceiling-votes-mitch-mcconnell-hasnt-forgotten-1635504

Biden, 2006;

"My vote against the debt limit increase cannot change the fact that we have incurred this debt already, and will no doubt incur more," Senator Biden said following his "nay" vote in 2006. "It is a statement that I refuse to be associated with the policies that brought us to this point."

The Senate Minority Leader, a Kentucky Republican, recalled three times Biden objected to debt ceiling increases during President Bush's time in office. For every objection—one each in 2003, 2004 and 2006—the Republican White House had support from congressional Republicans, who held majorities in both the House and Senate at the time.

HYPOCRITE.

US is the only country that requires a separate vote on raising the debt ceiling.  Most countries recognize basic duty to pay for already approved spending by taxes or borrowing. So raising debt ceiling is automatic.  If congress deadlocks, white house may be forced to be the hero in finding solutions.  Constitution allows presidents to bypass the debt ceiling.  Trillion dollar coin?  Economists think an artificial debt ceiling makes no sense.  It really serves no useful purpose but potentially dangerous for US economy.

But it gets em all to the floor for some grand bargaining scheme....

Not sure what McCarthy intends. Whether he goes solo and deals with his caucus in some arbitration terms with the Senate down the line 

Or does he bring in house and Senate leadership from both sides to begin a dialogue to create unity of moderates and actually pass laws....

10 to 1 he does nothing 9/10 and ames democrats forr his failure in leadership

I wish this wasn't so likely..........but you're right...... it is.

Own the Libs at all costs even if it hurts America. Which it would.

Well if the democratic party does agree to remove social security and Medicare...

Then the republicans will default on all debt...

Aiding china's bid to remove the federal currency as an acceptable world currency...

Some how they will twist this to blame liberals or democratic party... Or Rino's ECT...

History shows debt ceiling hostage taking could backfire.  Most voters blame congress republicans for refusing to raise debt ceilings in 1995, 2011, 2013 and 2021.  Republicans always seem to try to use debt ceilings to leverage for spending cuts on policies they dislike that most Americans like.  For example, social safety net.  But historically, democrat presidents tend to be more successful in budget deficit reductions than republican presidents.

mean Trump and those bad Republicans

blah, blah, blah

but do carry on

Forecasting likely hood of Federal shut down.

Watching European America political odds.

Seeing if their is value...you know handicapping a federal shut down and default event horizon.

I know odds...

Handicapping

Let's ignore the deja vu factor and skip right to the key question: Will the U.S. government shut down this week? The honest answer is, of course, as in the many other government shutdown scenarios of the past few years, no one can say with certainty.

But we can help gauge the odds. Here are some things that could make a shutdown more (or less) likely.

A shutdown is more likely

What could possibly benefit with a collapse in credit rating... Well Treasury and banking rates... Standard bear proceedings low risk bond package

bluechip food and clothing stocks .  ECT ect...

bad news for our country if the magas pull off their political stunt

Yes bad news for this country is great news abroad... Russia really likes the republicans...

China is relishing the idea of having the only recognized world reserve currency... And many other enemies are in glee at the failure of leadership...

I guess that what republicans want from their congressmen and. Women they need to bankrupt America morally and fiscally...

Way to go boys it took a week to elect a speaker now let's destroy our credit ratings....

Woo hoo

And we reached the debt ceiling...

On Thursday we hit the debt ceiling.

The U.S. officially hit its $31.4 trillion debt ceiling on Thursday - launching a ticking time bomb toward a potentially “calamitous” debt default.

Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to ensure the government can pay its bills

The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

So if they don't do their job can with old their pay.... 

They took an oath to defend the documents it is sec 8 of the constitution....

For decades, debt ceiling has been increased automatically without much ado.  But in the last 25 years, it has been transformed by GOP madness into a political weapon after their failures to cut spending on popular programs.   Under democrat presidents, GOP exploit debt ceiling to hold US economy hostage.  However GOP ignores debt ceiling under republican presidents who increase deficits.  There should be no negotiation because congress must honor its legal obligations to avoid insolvency and discourage more hostage taking in the future.  Voters will hold republicans responsible for any economic consequences or change in popular programs such as social security or medicare.  Republican McConnell warns US must never default on its debt.

Republicans such as  Greene are misguided in comparing debt ceiling to credit card limit.  The government is the credit card company.  Increase in debt ceiling doesn't cover new spending.  Increase allows treasury department to borrow money to pay bills already approved by congress.  So GOP is advocating for government to refuse to meet its legal obligations.  Also impractical to prioritize payments as suggested by McCarthy because huge system cannot be easily changed.

Yellen has redistribute funds that will cover the next 6 months.

She is using railroad retirement social security and Medicare funds to cover government expenses.

These funds will be payed back after the limit has been raised. This stop gap measure gives the Congress until July to come up with a solution.