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Debt Limit

1979 Offers Glimpse Of Default's Consequences

The Washington Post | Brady Dennis | Posted 09.10.2011 | Business

The Sunday airwaves brimmed once again with talk of what would - or would not - happen if lawmakers fail to meet the Aug. 2 deadline to raise the nati...

Elise Foley

Jim DeMint Calls Treasury Secretary 'Irresponsible' On Debt Talk (VIDEO)

HuffingtonPost.com | Elise Foley | Posted 09.09.2011 | Politics

WASHINGTON -- Republican Senator and Tea Party favorite Jim DeMint (R-S.C.) said on Sunday that Treasury Secretary Timothy Geithner has been "irrespon...

Elise Foley

Mitch McConnell: Grand Bargain On Debt Limit Unlikely

HuffingtonPost.com | Elise Foley | Posted 09.09.2011 | Politics

WASHINGTON -- Hours before a major White House meeting over the debt ceiling negotiations, Senate Minority Leader Mitch McConnell (R-Ky.) said on Sund...

Amanda Terkel

Dems Hit Eric Cantor For Potentially Profiting From U.S. Default

HuffingtonPost.com | Amanda Terkel | Posted 01.02.2013 | Politics

WASHINGTON -- House Democrats are circulating a resolution accusing House Majority Leader Eric Cantor (R-Va.) of having a conflict of interest in the ...

Sam Stein

DCCC Chair Steve Israel Relays Fears Over Candidate Recruitment If Dems Buckle On Medicare

HuffingtonPost.com | Sam Stein | Posted 09.07.2011 | Politics

WASHINGTON -- Democratic Congressional Campaign Committee Chair Steve Israel warned lawmakers on Friday that he would have trouble recruiting candidat...

Jennifer Bendery

Carney: 'Basically An Admission By Congress That They Can't Do Anything'

HuffingtonPost.com | Jennifer Bendery | Posted 09.07.2011 | Politics

WASHINGTON -- The White House on Friday resoundingly rejected a push by Republicans to amend the Constitution with a balanced budget amendment as part...

Elise Foley

House Dems Scramble After Obama Insists On Grand Bargain

HuffingtonPost.com | Elise Foley | Posted 09.06.2011 | Politics

WASHINGTON -- On Wednesday evening, many lawmakers were surprised to find out that Social Security, Medicare and Medicaid cuts would be on the table f...

Hitting Debt Ceiling Could Wipe Out Two Years Of 401(k) Gains, Says Economist

The Huffington Post | Alexander Eichler | Posted 09.06.2011 | Business

Testifying before a Congressional committee on Thursday, economist Heather Boushey said that reaching the debt ceiling could trigger a stock market pl...

Time to Get Serious -- the Debt Limit Is No Game

Ted Kaufman | Posted 09.06.2011 | Politics
Ted Kaufman

It is ironic that the primary group arguing for voting against raising the debt limit claims to be fiscally responsible.

Sam Stein

Obama Calls Sunday Debt Meetings As Sides Remain 'Far Apart' (VIDEO)

HuffingtonPost.com | Sam Stein | Posted 09.06.2011 | Politics

WASHINGTON -- President Barack Obama announced on Thursday that he would reconvene debt talks with congressional leadership on Sunday, admitting that ...

John Boehner Signals Contentious Issue 'Under Discussion' In Debt Talks

AP | ANDREW TAYLOR | Posted 09.06.2011 | Politics

WASHINGTON — House Speaker John Boehner (BAY'-nur) says proposals to reform the tax code are "under discussion" as part of budget talks with Pre...

Elise Foley

Progressives Won't Criticize Obama For Proposed Social Security Cuts

HuffingtonPost.com | Elise Foley | Posted 09.06.2011 | Politics

WASHINGTON -- Progressives in Congress are largely holding their fire at the White House over reports that President Obama is considering deep Social...

Treasury: Debt Limit Emergency Plan Won't Prevent Crisis

The Huffington Post | William Alden | Posted 09.06.2011 | Business

With lawmakers in Washington having still not struck a deal to raise the nation's legal borrowing limit, officials in the Treasury Department are sket...

Sam Stein

Obama Aide On Social Security Cut Story: It 'Overshoots The Runway' (UPDATED)

HuffingtonPost.com | Sam Stein | Posted 09.06.2011 | Politics

WASHINGTON -- The Obama administration is pushing back against a Wednesday night report that the president is prepared to offer cuts to Social Securit...

Treasury Officials Weighing Options To Avoid Default

Reuters | Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan | Posted 09.05.2011 | Business

By Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan WASHINGTON (Reuters) - A small team of U.S. Treasury officials is discussing opti...

Obama Offers Social Security Cuts In Debt Negotiations

The Washington Post | Lori Montgomery | Posted 09.05.2011 | Politics

President Obama is pressing congressional leaders to consider a far-reaching debt-reduction plan that would force Democrats to accept major changes to...

Mediums and Their Political Messages

Paul Stoller | Posted 09.05.2011 | Politics
Paul Stoller

If Republican leaders begin to act more like public servants and less like non-thinking fundamentalist soldiers, we might begin to repair our political system. If not, their absolutism will plunge us into unspeakable economic darkness.

Elise Foley

Sessions Warns Of Crisis If Debt Deal Fails

HuffingtonPost.com | Elise Foley | Posted 09.05.2011 | Politics

WASHINGTON -- The House or Senate might reject a final proposal for raising the debt ceiling if the plan does not make sufficient cuts, Sen. Jeff Sess...

Amanda Terkel

WATCH: GOP Lawmaker Floats Impeachment For Obama

HuffingtonPost.com | Amanda Terkel | Posted 09.05.2011 | Politics

WASHINGTON -- While some have asserted that the debt limit might be unconstitutional under the 14th Amendment, and therefore President Obama does not ...

Jennifer Bendery

Both Parties Need To 'Get Out Of Our Comfort Zones' And Cut A Deal

HuffingtonPost.com | Jennifer Bendery | Posted 09.04.2011 | Politics

WASHINGTON -- President Barack Obama signaled Tuesday that he won't support a short-term solution to resolving deficit and debt woes when he huddles w...

David Brooks: GOP 'May No Longer Be A Normal Party'

AP/The Huffington Post | Posted 09.04.2011 | Politics

The Republican party “may no longer be a normal party,” David Brooks writes in his New York Times column Tuesday. In negotiations with Democrat...

Amanda Terkel

Senate Cancels Consideration Of Libya Resolution

HuffingtonPost.com | Amanda Terkel | Posted 09.04.2011 | Politics

WASHINGTON -- Republicans, led by Sen. Rand Paul (R-Ky.), successfully forced the Senate to drop consideration of a resolution on Libya Tuesday in ord...

Playing Games

Sen. Fritz Hollings | Posted 09.04.2011 | Politics
Sen. Fritz Hollings

The problem is not entitlements -- Medicare is in surplus until 2024; Social Security 'til 2036. The problem is the president and Congress playing games and refusing to pay for government.

Amanda Terkel

Rand Paul Plans Filibuster Over Debt Ceiling Next Week

HuffingtonPost.com | Amanda Terkel | Posted 09.02.2011 | Politics

WASHINGTON -- Sen. Rand Paul (R-Ky.) is planning a Senate filibuster next week in an attempt to force debt ceiling negotiations into the open. "We'...

Amanda Terkel

'THAT'S CRAZY TALK'

HuffingtonPost.com | Amanda Terkel | Posted 09.02.2011 | Politics

WASHINGTON -- Sen. John Cornyn (R-Tex.) is rejecting one solution to the debt limit impasse being floated by Democrats that argues the president has t...