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Debt Limit

Michael McAuliff

Republicans Face Tea Party Backlash In Debt Debate | Michael McAuliff | Posted 08.01.2011 | Politics

WASHINGTON -- Think of Republicans' Tuesday vote against raising America's debt cap as their "honest, I do still love you" sop to last summer's fling,...

House Republicans Meet With Obama About Debt Ceiling, Budget Cuts

AP | ERICA WERNER | Posted 08.01.2011 | Politics

WASHINGTON — Face to face at the White House, GOP leaders complained to President Barack Obama on Wednesday that he had not produced a detailed ...

Elise Foley

GOP Using Outcome Of Debt Ceiling Vote To Push Medicare Reforms | Elise Foley | Posted 07.31.2011 | Politics

WASHINGTON -- Republicans are using the lopsided outcome of Tuesday's failed debt ceiling vote as a means to push through Medicare reforms. Not eve...

House Votes Against Raising Debt Ceiling

AP | DAVID ESPO | Posted 07.31.2011 | Politics

WASHINGTON — House Republicans dealt defeat to their own proposal for a $2.4 trillion increase in the nation's debt limit Tuesday, a political g...

House Vote On Debt Limit Sets Stage For Fight Over Budget Cuts

AP | DAVID ESPO | Posted 07.31.2011 | Politics

WASHINGTON — House Republicans dealt defeat to their own proposal for a $2.4 trillion increase in the nation's debt limit Tuesday, a political g...

William Alden

'A Different World': U.S. Government Default A Possibility | William Alden | Posted 07.27.2011 | Business

As lawmakers in Washington delay authorizing additional public debt, investors are treating the prospect of a U.S. government default -- while still h...

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...

Bill Clinton: Brief Debt Default 'Might Not Be Calamitous'

Posted 07.25.2011 | Politics

This story was updated to include a statement from Clinton's spokesman. Former president Bill Clinton expressed optimism Wednesday about the immedi...

Jennifer Bendery

Bipartisan Deficit Group Poised To Agree 'Pretty Quick' To $1 Trillion In Cuts | Jennifer Bendery | Posted 07.24.2011 | Politics

WASHINGTON -- Vice President Joseph Biden emerged from Tuesday’s bipartisan deficit meeting declaring that revenues must be part of a final deal for...

Elise Foley

Harry Reid: 'Clean' Debt Extension Vote Could Spook Markets | Elise Foley | Posted 07.24.2011 | Politics

WASHINGTON -- The House GOP's plan to hold a vote on a clean extension of the debt ceiling -- which is expected to fail without Republican support -- ...

A Summer Global Slowdown

Jerry Jasinowski | Posted 07.24.2011 | Business
Jerry Jasinowski

It is altogether possible that all those black swans we've been reading about -- debt crises, floods, earthquakes, nuclear meltdowns, Mideast uprisings -- are finally having an impact on business confidence.

Joe Biden Brings Dems And GOP Back To The Table For Debt Talks

Posted 07.24.2011 | Politics

By Alister Bull WASHINGTON (Reuters) -- Talks to avert a potentially catastrophic U.S. debt default resume on Tuesday after signs Republicans m...

Mandy Jenkins

10 Ways The Debt Ceiling Affects You | Mandy Jenkins | Posted 07.24.2011 | Politics

Does all this talk of debt ceilings make your eyes glaze over? You know it has something to do with bonds and defaulting, but that's about it. You wan...

Jennifer Bendery

Domenici Presses Democrats On Medicare Cuts: 'Are You Willing Or Not?' | Jennifer Bendery | Posted 07.23.2011 | Politics

WASHINGTON -- House Minority Whip Steny Hoyer (D-Md.) headlined a bipartisan policy event Monday that turned into partisan politics as he ripped Repub...

William Alden

WATCH: GOP Freshman Criticizes Lawmakers For Debt Ceiling Delay | William Alden | Posted 07.19.2011 | Politics

NEW YORK -- Rep. Richard Hanna (R-N.Y.) said he doesn't like the way federal lawmakers are gaming the debt ceiling debate. Hanna, a congressional f...

Elise Foley

White House: No Alternative To Raising Debt Ceiling | Elise Foley | Posted 07.18.2011 | Politics

WASHINGTON -- The White House said on Wednesday that there is no “Plan B” if Congress does not vote to increase the debt limit by August. The ...

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.

Elise Foley

GOP Senator: Preliminary Agreements Reached In Debt Talks | Elise Foley | Posted 07.17.2011 | Politics

WASHINGTON -- Senator Jon Kyl (R-Ariz.), who represents the Senate GOP in White House debt talks, said on Tuesday that a bipartisan group of lawmakers...

Debt Ceiling: The Sky's Not Falling -- Yet

Meredith Bagby | Posted 07.17.2011 | Politics
Meredith Bagby

It's official. As of Monday, May 16, the United States of America has reached its debt limit. But the sky didn't the sky fall. People are not running in the streets in chaos. The stock and bond markets haven't crashed. So what's the big deal?

Debt-Limit Chicken

Paul Stoller | Posted 07.17.2011 | Politics
Paul Stoller

Even though the possibility of a federal government default is an issue with potentially catastrophic consequences, GOP leaders in the House and the Senate seem to be playing politics with the debt ceiling.

The Battle Is Squared, and Why We Need Budget Jujitsu

Robert Reich | Posted 07.17.2011 | Politics
Robert Reich

Now that the debt ceiling is in play, there's no end to what the radical right will demand in the budget negotiations. Which leads to a more basic question: Are voters ready and willing to mount primary challenges to incumbent Democrats who cave?

Elise Foley

Paul Ryan Defends Medicare Plan | Elise Foley | Posted 07.16.2011 | Politics

WASHINGTON -- Rep. Paul Ryan (R-Wis.) pushed back on Monday against criticisms about his budget, saying Democrats were attacking his plans for Medicar...

William Alden

Geithner: Not Raising Debt Limit Could Cause Recession | William Alden | Posted 07.16.2011 | Business

The federal government reached its debt limit Monday, and Treasury Secretary Tim Geithner again detailed the disastrous and widespread consequences of...

Elise Foley

Boehner To Obama: Let's Make A Deal On Debt Limit | Elise Foley | Posted 07.15.2011 | Politics

WASHINGTON -- One day before the federal government is scheduled to reach its debt limit, House Speaker John Boehner (R-Ohio) said he is ready to make...

Debate Begins In Earnest As U.S. Hits Debt Limit

Posted 07.15.2011 | Politics

WASHINGTON (Reuters) – The United States will reach the limits of its borrowing authority on Monday, but don't expect to hear alarm bells in Was...