The U.S. Treasury expects to exhaust its ability to fully pay its obligations on Oct. 17. If Congress doesn’t raise the borrowing limit, the agency will be confronted with a decision with two equally bad options on how to proceed. One is to prioritize payments on government debt and other obligations. The second is to delay payments. Either would be disastrous for the economy, though the Treasury has indicated that the second option is preferable. Bloomberg Government Senior Economic Analyst Dr. Nela Richardson examines the debt limit, furloughs and how this will impact the economy in the very near future.
The Supreme Court is back in session and among the many cases up for review is McCutcheon vs. Federal Election Commission. This case has to do with the amount of money an individual or donor can contribute to PAC’s, and campaing parties. Bloomberg Government’s data guru Dr. Peter Brusoe explains what this could mean for future elections.
Allen Scott (moderator) specializes in customer on boarding and training at Bloomberg Government. Allen previously worked at Arbitron, Inc. where he served in a variety of roles from customer service to sales operations manager. Prior to Arbitron, Allen worked in radio for several years in the Washington and Baltimore areas. Most recently he spent six years at 99.1 HFS as co-host and news director.
Nela Richardson is an economic analyst with Bloomberg Government. She was a research economist at the Commodity Futures Trading Commission before joining Bloomberg. Richardson was also a senior economist at Freddie Mac, a researcher at Harvard’s Joint Center for Housing Studies, and an adjunct professor of finance at Johns Hopkins. Richardson has a Ph.D. in economics from the University of Maryland, a M.A. from the University of Pennsylvania, and a B.A. from Indiana University.
Peter Brusoe is a campaign finance data analyst for Bloomberg Government. Before joining Bloomberg he was a research associate with the Campaign Finance Institute where he co-authored a number of studies examining the confluence of campaign finance law and contributions. He received a B.A. in History and Political Science from the University at Albany, SUNY, an M.A. in Political Science from the Nelson A. Rockefeller College of Public Affairs and policy and a Ph.D. in political science from American University.