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Debt Limit

Geithner: Congress Will Increase Debt Limit

Reuters | Posted 06.13.2011 | Business

April 13, 2011 10:55:23 PM WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said Wednesday that Congress will allow the country to borrow...

Official: Debt Limit Failure Would Make Financial Crisis Look Like A 'Walk In The Park'

The Huffington Post | William Alden | Posted 06.13.2011 | Business

Last week, infighting in Washington nearly shut down the Federal government. Next month, the consequences of Congressional stalemate could be far more...

GOP May Stretch Out Debt Limit Negotiations Until July

Reuters | Andy Sullivan | Posted 06.12.2011 | Politics

April 12, 2011 11:12:49 PM By Andy Sullivan WASHINGTON (Reuters) - Republican leaders in Congress said Tuesday they may stretch out negotiations...

Elise Foley

Lieberman: Don't Count On Dems To Raise Debt Limit Without Deficit Plan | Elise Foley | Posted 06.12.2011 | Politics

WASHINGTON -- Sen. Joseph Lieberman (I-Conn.) warned on Tuesday that he and many Democrats would oppose increasing the debt limit without measures for...

William Alden

Weak Economy Will Be Tested As Policy Supports Fall Away | William Alden | Posted 06.12.2011 | Business

NEW YORK -- Recent fears of weakening economic growth have been tied to broad trends: falling home prices, the high unemployment rate and the tendency...

Elise Foley

White House, Dems Tell GOP Not To Play Politics With Debt Ceiling | Elise Foley | Posted 06.11.2011 | Politics

WASHINGTON -- The White House and Congressional Democrats are urging House Republicans to support a "clean" bill to raise the nation's debt ceiling ra...

Elise Foley

Cantor: GOP Will Use Debt Ceiling Vote As ˜'Leverage Moment' To Demand Spending Cuts | Elise Foley | Posted 06.10.2011 | Politics

WASHINGTON -- House Republicans will demand major concessions before agreeing to raise the nation's debt ceiling, Majority Leader Eric Cantor (Va.) sa...

What Actually Happens When the Government Shuts Down (And Other Things You Don't Know About the Budget Fight)

Bryce Covert | Posted 06.07.2011 | Business
Bryce Covert

I sat down with Roosevelt Institute Senior Fellow Bo Cutter, who explains why the current shutdown is small potatoes compared to the looming battle over the debt ceiling.

Dan Froomkin

Lobbyists Unperturbed By Government Shutdown Brinkmanship | Dan Froomkin | Posted 06.07.2011 | Politics

WASHINGTON -- K Street lobbyists aren't too worried about a possible government shutdown this weekend. They anticipate a short one, at most -- and no...

William Alden

Economists: Gridlocked Congress 'Playing With Fire' | William Alden | Posted 06.06.2011 | Business

NEW YORK -- Political infighting in Washington may seem irrelevant to many Americans. But in the coming weeks, as Congress attempts to pass a budget a...

Elise Foley

McConnell Issues Threat Over The Deficit | Elise Foley | Posted 05.25.2011 | Politics

WASHINGTON -- Senate Minority Leader Mitch McConnell issued a direct challenge to the Obama administration on Sunday, telling "Fox News Sunday" that R...

Elise Foley

GOP Senators Threaten To Derail All Bills That Don't Cut Debt | Elise Foley | Posted 05.25.2011 | Politics

WASHINGTON -- A group of Republican senators led by David Vitter of Louisiana sent a letter to Senate Majority Leader Harry Reid (D-Nev.) Thursday tha...

Dan Froomkin

Experts: Don't Play Chicken With Debt Limit | Dan Froomkin | Posted 05.25.2011 | Politics

Republican lawmakers are threatening to vote against raising the federal debt limit this spring unless Democrats agree to dramatically cut government ...

Budget Season Overview

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Democrats in the last Congress could have passed the 2011 budget, but they did not. They punted, leaving the door open for Republicans to do what they will with the budget for both this year and for FY 2012.

Federal Debt Limit: Nowhere to Go But Up?

Lawrence G. McDonald | Posted 05.25.2011 | Politics
Lawrence G. McDonald

With the national debt expected to hit its limit between early April and the end of May, Congress will be focused on immediate budget and deficit concerns in the coming weeks.

Debt Ceiling Debate Intensifies, As Deadline Approaches

The Huffington Post | William Alden | Posted 05.25.2011 | Business

As a showdown over raising the U.S. debt limit seems inevitable, government officials have launched a new series of warnings to Congress. If the $1...

Bernanke: Not Raising Debt Limit Would Be 'Catastrophic'

Reuters | Mark Felsenthal and Pedro Da Costa | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday issued a stern warning to Republican lawmakers that delays in raising the Uni...

U.S. Will Hit Debt Limit In April/May, Treasury Says

Posted 05.25.2011 | Business

WASHINGTON (By David Lawder) - The United States will hit a $14.3 trillion statutory limit on its debt slightly later than previously estimated, the T...

What Would a Genuine Budget Crisis Look Like?

Joe Minarik | Posted 05.25.2011 | Politics
Joe Minarik

It is not surprising that many citizens have come to the conclusion that deficits don't matter. I am far more concerned, for three reasons in particular.

Emily Swanson

Poll: Most Americans Oppose Increasing The Debt Limit | Emily Swanson | Posted 05.25.2011 | Politics

A new poll released on Wednesday found that most Americans oppose an increase in the debt ceiling, but at the same time support few potential cuts in ...

Bachmann Faces Off With Weiner Over Debt Ceiling

The Huffington Post | Nick Wing | Posted 05.25.2011 | Politics

Reps. Michele Bachmann (R-Minn.) and Anthony Weiner (D-N.Y.), top talkers for their respective parties, butted heads over the debt ceiling in a debate...

Watch this (Fiscal) Space: Assessing Room for Fiscal Maneuver in Advanced Countries

Jonathan D. Ostry | Posted 05.25.2011 | Business
Jonathan D. Ostry

Public debt sustainability in most advanced economies used to be a non-issue, or at most a back-burner one. A couple years back, if the topic came up,...

Geithner Asks Congress To Increase Federal Debt Limit

Reuters | Posted 05.25.2011 | Business

U.S. Treasury Secretary Timothy Geithner formally requested that Congress raise the $12.1 trillion statutory debt limit on Friday, saying that it coul...