Streams

 

Default

PRI's The World

The new Argentine debt crisis resurrects painful memories and fears of economic disaster

Thursday, July 31, 2014

Argentina defaulted for the second time in 13 years after last-ditch talks with US hedge funds collapsed. Many Argentines worry that unless a deal is reached, another default could crash the peso and lead to inflation and unemployment.

Comment

The Brian Lehrer Show

Government Shutdown Day 10

Thursday, October 10, 2013

Peter Coy, economics editor for Bloomberg Businessweek, discusses the latest on negotiations to temporarily fund the government and avoid default, Janet Yellen's nomination for chair of the Federal Reserve, and how the shutdown is affecting government services for veterans and programs like Head Start. 

Comments [57]

The Brian Lehrer Show

Shutdown Day 10; Health Exchange Check-In; City Budget

Thursday, October 10, 2013

It’s been 10 days since the government shutdown began and since the new healthcare marketplaces opened for business through the Affordable Care Act. Peter Coy of Bloomberg Businessweek talks about the latest on Washington negotiations to avoid default. Then, we check in with listeners who are in the market for health insurance on the process of signing up. Plus: "30 Issues in 30 Days" tackles the city budget. And we open the phone lines for motorcyclists to react to the road rage attack on the West Side Highway.

The Takeaway

The Tea Party's Take on the Debt Crisis

Tuesday, August 02, 2011

The House of Representatives passed a landmark deal yesterday as the United States inched closer to defaulting on its debts. As the bill makes its way over to the Senate many are noting the influence that the Tea Party had on the outcome. During the debate, some Republican freshman members were urging leaders not to make any concessions, and some felt any increase in the debt ceiling was out of the question. How will these new Tea Party members react to Speaker Boehner's compromise?

Comments [3]

The Takeaway

Why Default May Not Be So Bad

Monday, August 01, 2011

While the country anxiously waits to see if lawmakers can raise the debt limit before the August 2 deadline, a few economists and financiers are emphasizing the importance of a long-term financial solution to the deficit, even if that results in a temporary default. They question the lasting effects of a default in terms of investor confidence, citing the reputation and dominance of U.S. currency in financial transactions.

Comment

The Takeaway

The Latest on the Debt Ceiling Standoff

Friday, July 29, 2011

Last night, House Speaker John Boehner was forced call off a vote on his proposal to raise the debt ceiling after failing to gain enough support among House Republicans. It is unclear if the House Republican leadership will attempt another vote today. Boehner's plan, which would allow for two modest debt increases — the second of which would come during the 2012 election season — to be coupled with spending cuts. Democrats, who control the Senate, and the White House have said all along that the plan is a non-starter. If Boehner cannot gain support from restive conservatives in his party, it could be a political gain to Democrats going into next year's elections.

Comments [1]

The Takeaway

Is the Debt Debate Damaging the Republican Party Brand?

Thursday, July 28, 2011

The recent debt ceiling debate between Democrats and Republicans has invited dissident voices within the GOP, fracturing the party's image of solidarity. House Republican leaders delayed a vote on their plan to raise the debt ceiling Monday night after opposition from dissenting conservatives in the party. Last night House Speaker John Boehner was reportedly able to convince a growing number of House members to get behind the plan — but only reluctantly.

Comments [4]

The Takeaway

How Will the Debt Ceiling Affect Our Personal Finances?

Thursday, July 28, 2011

We’ve been told repeatedly over the past several months that if the government fails to raise the debt ceiling by August 2, there could be dire consequences for the world economy. But many Americans are wondering: what does this have to do with us and our personal finances? If the government defaults on its debt, how will it affect our personal debt and investments?

Comments [9]

The Takeaway

How Would Default Affect US Military Families?

Wednesday, July 27, 2011

The debt ceiling saga continues to grip Washington, and as August 2 looms closer, the threat of a partial government shutdown and the loss of some government services seems possible. The White House and the U.S. Treasury Department have warned that military spending could take a hit, which has military families worrying about how they’ll be impacted.

Comment

The Takeaway

Contingency Plans Underway As Debt Deadline Nears

Wednesday, July 27, 2011

Despite plenty of drama and public rhetoric in the battle over the U.S. debt ceiling, President Obama and House Speaker John Boehner have not yet reached a compromise. The deadline is looming as is the possibility the country will have to default on its $14.3 trillion of debt. As time marches on, analysts are starting to think seriously about what would happen if no deal can be reached. A vote was expected today in the House on Boehner’s last bid to increase the debt limit and cut spending — but that all fell apart last night when Tea Party Republicans refused to vote for it.

Comments [7]

The Takeaway

Defaulting May Not Be A Greek Tragedy

Wednesday, June 29, 2011

Demonstrators continue to protest in the streets of Athens today, amid violence and tear gas. Many Greeks are not happy with their government's upcoming vote on austerity measures, which would mean higher taxes and many spending cuts. If Greece's government does not pass the austerity measures, though, they would be at risk of not receiving a €12 billion bail-out, and becoming the first eurozone country to default.

 

Comments [1]

The Takeaway

Greece's Financial Woes Continue

Tuesday, June 21, 2011

Greece's financial woes continue to teeter on the brink of collapse as they face the possibility of becoming the first Euro-zone country to default. Finance ministers gave the fledgling nation two weeks to shape up its finances or face not receiving anymore bailout money. On top of this, Prime Minister George Papandreou faces a vote of confidence in Parliament today, and the result of that could have major consequences as to which direction the country will be going.

 

Comments [1]

The Takeaway

Debt Ceiling: What if America Defaulted?

Wednesday, April 13, 2011

It’s only been a few days since lawmakers in Washington agreed on a budget for the next fiscal year, but Democrats and Republicans are already gearing up for the next big budgetary showdown: raising the nation's debt ceiling. In the coming months, Congress will have vote on whether to raise the debt ceiling, something Tea Party Republicans say they won't support in hopes of forcing President Obama and Congress to cut spending. But for every dollar the government spends, it has to borrow forty cents. In February, Fed Chair Ben Bernanke said that the economic results of not raising the debt ceiling and defaulting would be "catastrophic" 

Comments [2]

The Takeaway

Cities, Municipal Bonds and a Potential for Disaster

Thursday, December 23, 2010

There's hope that the U.S. can pull out of this economic slump it's in, but there's a potential disaster looming for states that could derail any economic recovery. Meredith Whitney, a financial analyst famed for predicting Citigroup's major debt fallout, made a new dire prediction.  She believes up to 100 U.S. cities could default on their municipal bonds. 

Comment