3 ms·
I mean, Al Gore broke the tie in the senate to balance the budget in 1993, after which the Fed and Treasury had to seriously consider how to implement their pol
by jldugger 5y ago
I mean, Al Gore broke the tie in the senate to balance the budget in 1993, after which the Fed and Treasury had to seriously consider how to implement their policies without being able to buy / sell federal debt, because a lot of US debt is short term and as that debt matures without rolling over the debt payoff snowballs fast (for a government anyways).