Cheat Sheet: Debt ceiling consequences
Billboard featuring U.S. debt clock on July 11, 2011.
July 18th, 2011
07:12 PM ET
3 years ago

Cheat Sheet: Debt ceiling consequences

Capital Hill (CNN) – What exactly would happen if Congress does not raise the debt ceiling before Aug. 2?

In this week's American Sauce podcast, we lay out the specifics, including why August is particularly a difficult month for this to happen. We also summarize the debt negotiations so far through the eyes of two Hollywood screenwriters. Listen here.


Leave comments below.

Or follow our cheat sheet.
FULL POST


Filed under: American Sauce • Debt • Deficit
Debt debate cheat sheet
Billboard featuring U.S. debt clock on July 11, 2011.
July 16th, 2011
10:06 AM ET
3 years ago

Debt debate cheat sheet

Washington (CNN) - Here it is - a cheat sheet to the talks over the national debt. These are the plans on the table, simplified and put in terms a human being can understand:

Key figures

$14.29 trillion - current debt limit. That's also nearly the value of the European Union's gross domestic product - or everything produced in the EU - last year.

FULL STORY

Filed under: Congress • Debt • Deficit
American Sauce: The Ryan Medicare Plan
May 31st, 2011
11:00 AM ET
3 years ago

American Sauce: The Ryan Medicare Plan

Capitol Hill (CNN) - As families make their 2011 summer plans, we here at American Sauce are thinking about 2011 summer politics. The Medicare plan from House Budget Chairman Paul Ryan, R-Wisconsin, is a clear, early contender, to dominate town halls and political barbecues.


What's in it? That is our podcast this week. Listen here. Comment below. Or keep reading.
FULL POST


Filed under: American Sauce • Medicare • Paul Ryan
American Sauce: Debt Ceiling Limbo
May 23rd, 2011
03:17 PM ET
3 years ago

American Sauce: Debt Ceiling Limbo

Capitol Hill (CNN) – How exactly is the Treasury Department keeping the U.S. going, after the country has hit the national debt limit? A debt limit means no additional net borrowing - at a time when the federal government pays roughly 40% of its bills precisely through borrowing.

Treasury Secretary Tim Geithner calls the answer "extraordinary measures". Financial juggling is another way to say it.

This week, American Sauce lays out exactly what the Treasury is doing to limbo under the debt limit and buy Congress about two months of time to find an answer.

Comment below. Listen here:


Or keep reading for the bullet points in print:
FULL POST


Filed under: American Sauce • Debt • Tim Geithner