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Debt Limit

Obama Threatens Bush Tax Cuts As Part Of Debt Ceiling Deal

Posted 10.01.2011 | Politics

By Jeff Mason WASHINGTON -– The White House has one important tool in its arsenal to influence congressional talks over further deficit reduction...

Avoiding the Truth: Debt Ceiling Deals and Bad Marriages

Billy Shore | Posted 10.01.2011 | Politics
Billy Shore

The debt ceiling deal has exposed our political system to be a lot like a bad marriage that perpetuates itself only when both parties to it tacitly agree to keep the relationship wholly superficial and at all costs avoid confronting the truth.

The Depressing Impact of a Spending Only Trigger (Update)

Jared Bernstein | Posted 09.30.2011 | Politics
Jared Bernstein

We're not there yet but the contours of the budget deal that will raise the debt ceiling are coming into focus and it looks like the American people are about to end up with a very tough deal indeed.

Sam Stein

Harry Reid Tentatively Signs Off On Debt Ceiling Deal | Sam Stein | Posted 09.30.2011 | Politics

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) has tentatively signed off on a deal to raise the nation's debt ceiling, which has been prima...

Tea Party May Face Make Or Break Moment In Contentious Standoff

Washington Post | Amy Gardner | Posted 09.30.2011 | Politics

The partisan standoff over raising the federal debt ceiling could do more than destroy the nation's credit rating and economic health. It could make o...

Elise Foley

Durbin: Debt Deal Will Be The Death Of Keynesian Economics | Elise Foley | Posted 09.30.2011 | Politics

WASHINGTON -- The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession, Senate Majo...

America Will Avoid Default But There's A Lot More to Do

Mohamed A. El-Erian | Posted 09.30.2011 | Politics
Mohamed A. El-Erian

Rather than declare victory, Washington should waste no time in redoubling efforts to remove the multiple policy uncertainties and structural impediments that stand in the way of restoring America on the path of high growth and plentiful job creation.

The Tea Party's Sacred Cows and the Privilege of Absurdity

Scott Atran | Posted 09.30.2011 | Politics
Scott Atran

Because people hold sacred values to be absolute and inviolable, any symbolic "concession" must not appear to violate or weaken one's own sacred values. Doing so would likely be seen as forsaking core personal and social identity.

Arthur Delaney

Mitch McConnell: Congress 'Very Close' To A Debt Ceiling Deal | Arthur Delaney | Posted 09.30.2011 | Politics

WASHINGTON -- Senate Minority Leader Mitch McConnell (R-Ky.) said congressional negotiators are "very close" to a deal to cut spending by $3 trillion ...

Sam Stein

Reid Vote Delayed To Sunday As Hints Of Deal Emerge | Sam Stein | Posted 09.29.2011 | Politics

WASHINGTON -- A final Senate vote on raising the nation's debt ceiling was put off 12 more hours as the two sides inched toward a long-sought agreemen...

Jennifer Bendery

Days Away From Default, Democrats Nervously Eye Constitutional Route | Jennifer Bendery | Posted 09.29.2011 | Politics

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) may not be pushing the issue publicly, but in private she "clearly" supports President Bar...

Jennifer Bendery

Democrats, GOP Have Now Rejected Each Other's Debt Plans | Jennifer Bendery | Posted 09.29.2011 | Politics

WASHINGTON -- With just three days left until the country is set to begin defaulting on its debt, the House rejected a debt proposal by Senate Majorit...

The 14th Amendment Is Obama's Briar Patch

Ken Allen | Posted 09.29.2011 | Politics
Ken Allen

Anyone who steps back from the swirl of current arguments will immediately see that there is an easy, almost unavoidable exit from our current paralysis, and President Obama controls it.

The Debt Ceiling Crisis: Approaching the Witching Hour

Geoffrey R. Stone | Posted 09.29.2011 | Politics
Geoffrey R. Stone

What is the relevance of section 4 of the 14th Amendment to the current crisis? What it seems to say is that the government must honor all public debt "authorized by law." This suggests that non-payment of our existing debt is not a constitutionally-permissible option for the president.

11 Ways To Explain The Stakes Of A Debt Ceiling Debate

The Huffington Post | James Sunshine | Posted 09.29.2011 | Business

With the reported deadline to raise the debt ceiling drawing ever closer, Washington has yet to come to terms on a deal to do so -- this despite month...

William Alden

Debt Ceiling Debate Sows Fear Among Small Business Owners | William Alden | Posted 09.29.2011 | Business

NEW YORK -- Michael Gardner, owner of Siegel's Clothing Superstore & Tuxedos in San Francisco, has written orders for underwear and socks, but he hasn...

Obama: Republicans Wasted 'Precious Days' On Boehner Debt Ceiling Plan

AP/The Huffington Post | Posted 09.29.2011 | Politics

WASHINGTON (AP/The Huffington Post) -- Claiming that the two parties aren't that far apart, President Barack Obama is urging Democratic and Republican...

Michael McAuliff

Harry Reid's Debt Ceiling Bill Puts His Cards On The Table | Michael McAuliff | Posted 09.28.2011 | Politics

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) unveiled a new debt ceiling bill Friday night that strongly resembles a plan first suggested ...

LIVE UPDATES: Debt Ceiling Deadline Looms, Default At Stake

AP/The Huffington Post | Posted 09.28.2011 | Politics

WASHINGTON — White House and congressional negotiators sought on Sunday to reassure the nation that they would beat a Tuesday deadline for averting ...

Elise Foley

UPDATE: Boehner Debt Bill Passes House, Dies In Senate | Elise Foley | Posted 09.28.2011 | Politics

WASHINGTON -- The House of Representatives passed a bill on Friday to raise the debt ceiling and cut $22 billion from next year's spending. Passed as ...

'Debtpocalypse' And America's Fascination With The End

Posted 09.28.2011 | Religion

By David Gibson c. 2011 Religion News Service (RNS) For many Americans, nothing is as exciting as an impending apocalypse, except perhaps for the ...

Despite Criticism, Tea Party Finds Moment Of Triumph In Contentious Debate

Reuters | Posted 09.28.2011 | Politics

By Tom Brown MIAMI (Reuters) - They have been accused of holding Washington hostage by pushing the United States to the brink of a damaging debt de...

Amanda Terkel

Eric Cantor's District May Lose AAA Credit Rating | Amanda Terkel | Posted 09.28.2011 | Politics

WASHINGTON -- Moody's Investors Service is warning 162 local governments that they risk a downgrade of their AAA credit rating because of the federal ...

World Bank Chief: U.S. 'Playing With Fire' In Debt Ceiling Debate

Posted 09.28.2011 | Business

WASHINGTON (Lesley Wroughton) - The United States is courting calamity with the continuing stalemate in Congress over raising the country's debt limit...

Elise Foley

Take Three: Boehner Plan Will Go For A Vote | Elise Foley | Posted 09.28.2011 | Politics

WASHINGTON -- House Republicans will hold a vote Friday on a revised plan to raise the debt ceiling and cut spending by $22 billion next year, Majorit...