Senate Clears Way For Debt Hike
WASHINGTON -- The Senate voted Thursday to let the president raise the nation's debt limit by about $1.2 trillion, voting down a measure that would ha...
WASHINGTON -- The Senate voted Thursday to let the president raise the nation's debt limit by about $1.2 trillion, voting down a measure that would ha...
AP | JULIE PACE | Posted 02.29.2012
HONOLULU — President Barack Obama is delaying his request for another $1.2 trillion increase in the nation's debt limit at the request of congre...
The Huffington Post | Chris Gentilviso | Posted 11.16.2011
Seven days separate the supercommittee from its fate. By Nov. 23, the 12-member panel is tasked with the difficult chore of finding $1.2 trillion to s...
Posted 10.18.2011
Sen. Tom Coburn (R-Okla.) blasted Congress for America's financial troubles and predicted that the debt ceiling agreement would unravel this fall, cal...
Emilie Townes | Posted 10.05.2011
A deal is not what good government should be about, especially when the most vulnerable in our society are one of the major pawns in making the deal work.
AP | By LARRY MARGASAK | Posted 10.04.2011
WASHINGTON -- Speaker John Boehner was desperate in his search for votes from his party to prevent a first-ever government default. But despite what a...
HuffingtonPost.com | Sam Stein | Posted 10.02.2011
WASHINGTON -- Speaking just minutes after the Senate passed legislation to raise the debt ceiling -- removing the last political hurdle for that bill'...
AP | DAVID ESPO | Posted 10.02.2011
WASHINGTON — With scant time to spare, President Barack Obama signed legislation Tuesday to avoid an unprecedented national default that he said...
Keli Goff | Posted 10.01.2011
Many of our elected officials know a lot less about finance and economics than those responsible for the financial future of an entire country should. Even more terrifying, many appear to know even less about such matters than we do.
AP | By MICHAEL R. BLOOD | Posted 09.30.2011
LOS ANGELES -- As gridlocked Washington edges toward default, states staggering out of the last recession are preparing for the worst: The federal pig...
HuffingtonPost.com | Michael McAuliff | Posted 09.29.2011
WASHINGTON -- The debt-ceiling battle may be a bitter fight in which the entire nation stands to lose, but Friday's House vote also revealed that Demo...
AP/The Huffington Post | Posted 09.29.2011
WASHINGTON (AP/The Huffington Post) -- Claiming that the two parties aren't that far apart, President Barack Obama is urging Democratic and Republican...
HuffingtonPost.com | Michael McAuliff | Posted 09.28.2011
WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) unveiled a new debt ceiling bill Friday night that strongly resembles a plan first suggested ...
HuffingtonPost.com | Sam Stein | Posted 09.27.2011
WASHINGTON -- House GOP leadership announced abruptly on Thursday evening that they were suspending a vote on Speaker John Boehner's (R-Ohio) debt cei...
AP | By HENRY C. JACKSON | Posted 09.27.2011
WASHINGTON -- Bob Krogman, an Air Force veteran who survived three helicopter crashes over North Vietnam, leaves little doubt about what he thinks of ...
Madeleine M. Kunin | Posted 09.26.2011
Compromise, contrary to popular opinion, does not mean selling out one's principles. Compromise means working out differences to forge a solution which fits the diversity of the body politic.
AP | STEPHEN OHLEMACHER | Posted 09.26.2011
WASHINGTON — When President Barack Obama complains about House Republicans unwilling to compromise on a deficit reduction package, he's talking ...
AP | DAVID ESPO | Posted 09.26.2011
WASHINGTON — Crisis concerns rising, House Republican leaders shrugged off a White House veto threat and an outbreak of tensions within their ow...
HuffingtonPost.com | Sam Stein | Posted 09.25.2011
WASHINGTON -- The debt ceiling deal introduced by Speaker John Boehner (R-Ohio) would save, by one measure, roughly $850 billion over the course of te...
Posted 09.25.2011
As Washington struggles to find compromise on its way to a debt ceiling deal, international leaders have spoken out on the U.S. debt situation and the...
AP | DONNA CASSATA and LAURIE KELLMAN | Posted 09.25.2011
WASHINGTON — For all the debt deal dynamics in Washington, a final agreement really comes down to a gang of four. It's this quartet – Sp...
HuffingtonPost.com | Jennifer Bendery | Posted 09.21.2011
WASHINGTON -- Social Security and Medicare may have been saved by the Tea Party's refusal to accept President Barack Obama's "grand bargain." On Fr...
AP/The Huffington Post | Posted 09.21.2011
WASHINGTON (AP/The Huffington Post) -- Speaker John Boehner declared Friday that the House has "done its job" toward resolving the impasse over raisin...
Nancy Altman | Posted 09.19.2011
Social Security appears to be a key bargaining chip in the struggle over the debt limit. But the truth is that Social Security checks can go out, in their full amount, without adding a penny to the federal government's total debt.
HuffingtonPost.com | Jennifer Bendery | Posted 09.18.2011
WASHINGTON -- House Republicans easily passed their "Cut, Cap and Balance" fiscal plan on Tuesday, a proposal that boosts their standing among Tea Par...
HuffingtonPost.com | Michael McAuliff | Posted 03.27.2012