Debt Limit Showdown: Obama Administration Ramps Up Pressure on Republican Allies

The Republican-controlled Congress faces some tough decisions in the days ahead. Who will they select to replace John Boehner as Speaker of the House? Will they capitulate to the Obama administration’s demands for a no-strings-attached increase in … [Read more...]

U.S. Debt: Has its Past Become its Future?

By Frank Trotter, President, EverBank Direct Friends who know that I speak frequently about global economics have been calling to see what I think about the smackdown arguments over spending in Washington. I have surprised them all by saying that … [Read more...]

What Will Happen If The Debt Ceiling Isn’t Raised?

According to former GOP Senator Judd Gregg, the U.S. government borrows 41 cents out of every dollar it spends. In other words, if they can't borrow any more money it means they have to cut 41% of the budget. According to Gregg, “The practical … [Read more...]