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Congress Debt Limit

Michael McAuliff

Senate Passes Increase Of The Nation's Debt Limit | Michael McAuliff | Posted 02.13.2014 | Politics

WASHINGTON -- The Senate moved quickly Wednesday to boost the nation's debt limit, voting to extend the Treasury Department's borrowing authority into...

Debt Limit, Shutdown Deliberations Continue Saturday

AP | ANDREW TAYLOR | Posted 12.12.2013 | Politics

WASHINGTON — WASHINGTON (AP) — The Senate has rejected a Democratic effort to extend the government's ability to borrow money through next yea...

Zach Carter

Treasury Warns Against 'Catastrophic' Default | Zach Carter | Posted 10.03.2013 | Politics

WASHINGTON -- The U.S. Treasury Department on Thursday released a report warning of potentially "catastrophic" damage should Congress fail to raise th...

Don't Be Fooled: This Year's Debt Limit Fight Is Frighteningly Different

Bob Greenstein | Posted 11.20.2013 | Politics
Bob Greenstein

We should never get to the point of default -- or even consider getting to it.  We should not legitimize the idea of a default.  We should consider the possibility beyond the pale.

Michael McAuliff

Spending Showdown Could Spark Catastrophe | Michael McAuliff | Posted 09.18.2013 | Politics

WASHINGTON -- The House Republican plan to have showdowns over both funding the government and raising the nation's debt limit could have severe conse...

How the 'Filibuster Fight' Should Guide the President in Handling the Debt Ceiling Hostage Crisis

Paul Abrams | Posted 09.24.2013 | Politics
Paul Abrams

In the end Republicans folded in the filibuster debate because they preferred preserving the filibuster for another day than permanently losing an obstructionist tool they could continue to abuse. The same strategy will work for the debt-ceiling.

Michael McAuliff

House Passes Bill To Pay Only Some U.S. Debts | Michael McAuliff | Posted 05.10.2013 | Politics

WASHINGTON -- The House passed a measure Thursday that would amount to the rough equivalent of declaring bankruptcy for the United States, directing t...

The Known Unknowns

Richard C. Leone | Posted 06.25.2013 | Politics
Richard C. Leone

Before we go charging off to fight the great battles to secure America's finances in the future, we should reflect on how accurate we have been in the past when predicting the national balance sheet.

Michael McAuliff

'Weaponized' Debt Limit Should Be Repealed, Dems Say | Michael McAuliff | Posted 01.16.2013 | Politics

WASHINGTON -- Congressional Democrats on Wednesday accused their counterparts across the aisle of employing war-like tactics against their own country...

Michael McAuliff

Senate Clears Way For Debt Hike | Michael McAuliff | Posted 03.27.2012 | Politics

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...

Obama Delays Vital Request

AP | JULIE PACE | Posted 02.29.2012 | Politics

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...

Michael McAuliff

New Dem Star Previews 2012 Argument In Debt Default Debate | Michael McAuliff | Posted 09.29.2011 | Politics

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...

Michael McAuliff

Democrats Slam GOP As 'Clueless' On Debt | Michael McAuliff | Posted 08.28.2011 | Politics

WASHINGTON -- Republicans are clueless about the economic devastation they are courting with brinksmanship over raising the nation's debt limit, Democ...

White House Wants Business To Help Convince Congress To Raise Debt Ceiling

Posted 08.14.2011 | Politics

By Rachelle Younglai WASHINGTON -- Worried that Congress will not act in time to raise the country's borrowing cap, the Obama administration i...

Chart: U.S. Debt Ceiling Explained

Posted 07.26.2011 | Politics

Congress, the White House and various political onlookers have been debating the seriousness of the U.S. debt ceiling and outlining different scenario...

Debt Ceiling Kabuki

Donald Kaul | Posted 07.17.2011 | Politics
Donald Kaul

The Kabuki tradition in Congress over raising the federal government's debt ceiling is in full flower. It's a more reliable Washington ritual than the Cherry Blossom Festival.

Congress Receives Extension To Handle Debt Limit

AP | By MARTIN CRUTSINGER | Posted 07.02.2011 | Business

WASHINGTON -- Treasury Secretary Timothy Geithner is giving Congress a little more breathing room to negotiate a deal that would raise the nation's bo...