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Debt Limit

Alex Becker

Social Security Advocates Slam Proposed COLA Cuts | Alex Becker | Posted 08.31.2011 | Politics

WASHINGTON -- Prominent Social Security advocates expressed deep concern Friday at news that lawmakers may change the way the government measures infl...

Krugman: Failure To Raise Debt Ceiling 'Not At All' Unthinkable

New York Times | Paul Krugman | Posted 08.31.2011 | Business

In about a month, if nothing is done, the federal government will hit its legal debt limit. There will be dire consequences if this limit isn’t rais...

Obama Picks Fight With Republicans Over Taxes

AP | STEPHEN OHLEMACHER | Posted 08.31.2011 | Politics

WASHINGTON — President Barack Obama is renewing an old fight with the business community by insisting that $400 billion in tax increases be part...

Jennifer Bendery

Obama: "We Have Work To Do" | Jennifer Bendery | Posted 08.30.2011 | Politics

WASHINGTON -- The Senate will forgo its normal week-long July 4 recess and return to session after Independence Day to continue working on a deal to r...

Elise Foley

'Slash And Burn': Chuck Schumer Accuses Republicans Of Sabotaging The Economy To Hurt Obama | Elise Foley | Posted 08.30.2011 | Politics

WASHINGTON -- Republicans may be slowing the recovery on purpose to hurt President Obama's reelection chances in 2012, Democratic Sen. Chuck Schumer s...

Budget Talks Put Dems Over a Barrel (Again)

Rick Horowitz | Posted 08.29.2011 | Politics
Rick Horowitz

[After hours, just a short walk from the Capitol...] "We're gonna do it again -- I can feel it." "Do what again?" "What we always do -- we're g...

Game Over: Republicans Find Default Acceptable

Miles Jaffe | Posted 08.29.2011 | Politics
Miles Jaffe

It is clear that Republicans will abandon even there own policies to oppose the president. hey prefer economic weakening, increased unemployment and national gridlock.

IMF: U.S. Must Raise Debt Limit To Avoid Globally 'Severe Shock'

Posted 08.29.2011 | Business

WASHINGTON (Glenn Somerville) - Failure by U.S. lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a "sever...

Don't Default on the American Dream: Democrats Should Hold the Line in Debt Ceiling Talks

Ethan Rome | Posted 08.28.2011 | Politics
Ethan Rome

The President and Democratic Leaders obviously have a huge responsibility in the debt limit talks. But if there's ever been a time to drive a hard bargain, this is it. There's nothing irresponsible about staring down the Republicans and making them blink.

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...

Elise Foley

Bernie Sanders: 'Tell The President Not To Yield One Inch' On Debt Deal | Elise Foley | Posted 08.27.2011 | Politics

WASHINGTON -- It wasn't quite a "fili-Bernie," but Sen. Bernie Sanders (I-Vt.) in a 10,000-word speech on the Senate floor launched a campaign Monday ...

Jennifer Bendery

McConnell Warns Obama Ahead Of Deficit Meeting: No Tax Hikes | Jennifer Bendery | Posted 08.27.2011 | Politics

WASHINGTON -- Hours ahead of his first meeting with President Barack Obama aimed at jump-starting stalled deficit talks, Senate Minority Leader Mitch ...

Obama Meeting With Senate Leaders On Debt Ceiling

AP | JIM KUHNHENN | Posted 08.27.2011 | Politics

WASHINGTON — President Barack Obama plunged into deadlocked negotiations to cut government deficits and raise the nation's debt limit Monday, an...

Debt-Limit Chicken and the Spread of Political Fundamentalism

Paul Stoller | Posted 08.26.2011 | Politics
Paul Stoller

The flight from talks about enhancing revenues, cutting spending, and raising the debt limit ceiling underscores a much more disturbing pattern: the spread of political fundamentalism in our public life.

Poll Shows Where Americans Stand On Looming Debt Crisis

AP | CALVIN WOODWARD | Posted 08.25.2011 | Politics

WASHINGTON — It might be time for another midnight ride by Paul Revere, this time warning "the creditors are coming." Americans seem not to hav...

John Boehner Faces High-Stakes Test That Will Determine His Political Fate

Posted 08.24.2011 | Politics

By Tim Reid WASHINGTON (Reuters) – Republican John Boehner faces his greatest test yet as the leader of the U.S. House of Representatives, on...

Boehner Signals Bottom Line On Debt Ceiling Increase, Tax Hikes

AP | JIM KUHNHENN | Posted 08.24.2011 | Politics

WASHINGTON — Struggling to break a perilous deadlock, President Barack Obama took direct control Friday of national debt-limit negotiations with...

Jennifer Bendery

Top Leaders Must Make Tax Deal 'No One Wants Responsibility For' | Jennifer Bendery | Posted 08.23.2011 | Politics

WASHINGTON -- With Vice President Joseph Biden's bipartisan deficit talks suddenly unraveling, all eyes are now turning to the two people ultimately r...

Budget Gimmicks Threaten To Undermine Debt Talks

AP | ANDREW TAYLOR | Posted 08.22.2011 | Politics

WASHINGTON — Negotiators seeking to carve trillions of dollars from the deficit are facing temptation to use iffy assumptions and outright gimmi...

Michael McAuliff

Budget Dem: $2.4 Trillion Cut Is Not Good Enough | Michael McAuliff | Posted 08.21.2011 | Politics

WASHINGTON -- The Senate's Democratic Budget Chairman drew his own line in the sand of raising the nation's debt limit Tuesday, saying he'll oppose an...

Do Or Die Time On Debt Ceiling Talks

Posted 08.20.2011 | Politics

By Andy Sullivan and Alister Bull WASHINGTON -- U.S. lawmakers working to rein in the country's rising debt said on Monday they will have to ma...

The Endgame on the Debt Ceiling

Dean Baker | Posted 08.20.2011 | Business
Dean Baker

While the country will still be left standing even after a debt default, there is one important sector that would not be: Wall Street. This means that President Obama actually holds all the cards.

GOP Leader: Debt Ceiling Deal Without Entitlement Cuts May Be Short-Lived

AP/The Huffington Post | Posted 08.19.2011 | Politics

The Senate's top Republican is suggesting a short-term increase in the nation's borrowing limit unless there's deal soon that includes changes to big ...

Elise Foley

Progressives Push For Job Growth On Tour (VIDEO) | Elise Foley | Posted 08.18.2011 | Politics

MINNEAPOLIS -- The Congressional Progressive Caucus launched a tour Saturday to push for job creation, an attempt to combat the House Republican messa...

Jennifer Bendery

Reid 'Very Troubled By These Tea Party Folks' Who Won't Raise Debt Limit | Jennifer Bendery | Posted 08.17.2011 | Politics

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) won’t argue with Vice President Joseph Biden’s popularity on Capitol Hill, or with his ef...