US debt crisis
- The cupboard is bare: NYC food banks running out of stock
More than a third of New York State’s food pantries have had to turn away people in need because they have run out of supplies. Food banks have been demanding an additional $16 million to replenish their stock.America - Jail-breaking point: Overcrowded prisons strike White House clemency chord
The enormous outlay for overcrowded US federal prisons is forcing the White House to consider clemency and entreat non-violent, low-level felons serving terms for drug-related crimes to apply for early release.America - US Treasury introduces ‘extraordinary measures’ as Feb. 27 debt deadline looms
The US Treasury on Friday was forced to enact ‘emergency measures’ after spending its borrowed time and money. By month’s end, Uncle Sam’s piggy bank will be down to just $50 billion, US Treasury Secretary Jacob Lew warned Congress.America - US debt surges $328 billion in single day, surpassing $17 trillion for first time
Just one day after President Barack Obama signed into law a bipartisan deal to end the government shutdown and avoid default, the US debt surged a record $328 billion, the first day the government was able to borrow money.America - US debt crisis has to be solved by Congress 'that is basically run by children'
The US has to reach a deal on its debt ceiling to avoid a catastrophe, and this crisis has to be solved by politicians, Peter Westin, chief equity strategist at Aton Capital, tells RT. Sadly, it’s US people that get stuck in the middle, he says. - US government shutdown threatens disruptions to global credit
This week, the US may be forced to default on its $16.8 trillion debt if a deal to raise the ceiling is not struck. And some US legislators are acting “irrationally” enough to indeed allow it to happen, Professor Jeffrey Sommers told RT.
RT asks
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