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debt limit

  • The U.S. Debt Limit in 4 Minutes

    Our precious metals specialists are often asked about the U.S. debt limit and what it means for individuals looking to invest in gold. The first step in understanding the debt limit is to review our government’s role in reducing or increasing the amount. The Debt Limit Explained The Effects of the Debt Limit The debt ceiling is a limit

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  • Debt Ceiling Suspended to $17.2 Trillion

    The debt ceiling was suspended on Wednesday to $17.2 trillion by a 67-31 vote by the Senate that will stay in effect until March 15, 2015. The previous debt ceiling suspension expired in early February, forcing lawmakers to take action. The debt ceiling was ultimately suspended to keep the government from running out of funding

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  • What if a Typical Family Spent Money Like the Federal Government?

    The Heritage Foundation released a new graphic showing what it would look like if a typical family spent money like the federal government. This creative example describes the type of debt that the government is taking on. Brad Plumer at the Washington Post expanded on this by explaining what else would be true if a fictional

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  • U.S. Will Hit Debt Limit Mid-October

    In a recent article on USAToday, the federal government’s credit card will hit its limit in mid-October, Treasury Secretary Jack Lew said Monday in a letter to House Speaker John Boehner, R-Ohio. Lew urged Congress to reach a budget deal to increase the $16.7 trillion borrowing limit in order to avoid rattling financial markets. Raising the

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  • Are Precious Metals Gleaming Again?

    In a recent article by MSN Money, Anthony Mirhaydari makes the case for why Gold values may begin gleaming again. Here is a quick recap of some of the main points in his article. 1. Even with the Dow at a new high, under the surface, there are signs that insiders are pulling back and looking

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