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Obama Debt Ceiling

What Will Happen To Markets If The U.S. Defaults?

AP | By MATTHEW CRAFT | Posted 09.16.2011 | Business

NEW YORK -- Time is running out for Washington to raise the country's borrowing limit and avoid a default. Wall Street isn't panicking yet. But if the...

White House Still Pushing For 'Big' Debt Ceiling Deal

AP | ANDREW TAYLOR | Posted 09.16.2011 | Politics

WASHINGTON — The next step in the weeks-long saga over how to increase the government's borrowing cap is to let House tea party forces try it th...

Debt Ceiling Fight May Help Obama With Key Group In 2012

AP | By CHARLES BABINGTON | Posted 09.16.2011 | Politics

WASHINGTON -- It's possible the debt-ceiling debate will turn out badly for President Barack Obama. For now, however, it may be helping his image with...

Obama Takes His Debt Ceiling Case To The American People

AP | JIM KUHNHENN | Posted 09.15.2011 | Politics

WASHINGTON — Racing the debt clock, Congress is working on dual tracks while President Barack Obama appeals to the public in hopes of influencin...

Horror Stories Flying About Damage That Could Ensue If Debt Deal Unreached

AP | TOM RAUM | Posted 09.15.2011 | Politics

WASHINGTON — Horror stories are flying about the damage that might be wreaked should Congress and President Barack Obama fail to cut a deal by t...

Washington's Worst-Kept Secrets

AP | ERICA WERNER | Posted 09.14.2011 | Politics

WASHINGTON — They might be the least private private negotiations in Washington. The closed-door White House debt talks this week have spilled ...

Michael McAuliff

Obama Accused Of Using 'Human Shields' In Debt 'Bluff' | Michael McAuliff | Posted 09.14.2011 | Politics

WASHINGTON -- President Obama is "bluffing" about the impacts of a debt default and holding troops and the elderly as "human shields" in the deadlock ...

Boehner: 'We're In The Fourth Quarter'

Posted 09.14.2011 | Politics

WASHINGTON (AP) -- Republicans plan a House vote next week on a bill that would cut spending and tie an increase in the government's debt limit to pas...

Debt Deal: What Would You Do?

Mandy Jenkins | Posted 09.14.2011 | Politics

For the past several weeks, Congress and the White House have been debating what to do about the nation's debt limit before a projected default on Aug...

Paul Ryan: Obama 'Unwilling' To Do What's Necessary To Reach A Deal On Debt Ceiling

AP | Posted 09.14.2011 | Politics

WASHINGTON -- The Republican chairman of the House Budget Committee is accusing President Barack Obama of being unwilling to embrace the level of spen...

Paul Krugman: The Republican Party Has 'Gone Insane'

The New York Times | Paul Krugman | Posted 09.14.2011 | Business

There aren’t many positive aspects to the looming possibility of a U.S. debt default. But there has been, I have to admit, an element of comic relie...

Obama Keeps Pressure On, Holds Press Conference On Debt Ceiling

AP | DAVID ESPO | Posted 09.14.2011 | Politics

WASHINGTON — Struggling to avert an unprecedented national default, congressional leaders jettisoned negotiations on a sweeping deficit-reductio...

Sam Stein

Obama Gives Lawmakers 24-36 Hours: 'It's Decision Time' | Sam Stein | Posted 09.13.2011 | Politics

WASHINGTON -- President Barack Obama gave lawmakers 24 to 36 hours to finalize the path forward for raising the debt ceiling during the latest high-st...

Sam Stein

Ted Strickland: Dems' Concessions On Debt Debate Are 'Very Troubling' | Sam Stein | Posted 09.13.2011 | Politics

WASHINGTON -- A resolution to raise the nation's debt ceiling may remain far off. But the long-term framing of the debate over spending and debt is be...

Cantor Discusses Tense End To Meeting With Obama

AP | By LAURIE KELLMAN | Posted 09.13.2011 | Politics

WASHINGTON -- House Majority Leader Eric Cantor says he didn't mean any disrespect to President Barack Obama during a heated exchange that ended with ...

Sam Stein

Harry Reid And Mitch McConnell Working On A 'Hybrid' Solution To Debt Standoff | Sam Stein | Posted 09.13.2011 | Politics

WASHINGTON -- The Senate's top two officials are working on what one aide called a "hybrid," fail-safe solution to the debt ceiling debate that could ...

Michael McAuliff

Mitch McConnell Offers New Strategy: Blame Obama | Michael McAuliff | Posted 09.13.2011 | Politics

WASHINGTON -- In a bad sign for the stalled debt talks, Senate Minority Leader Mitch McConnell (R-Ky.) ratcheted up the rhetoric in the ongoing blame ...

Harry Reid Blasts Eric Cantor: 'Childish,' 'Shouldn't Even Be At The Table'

AP | By LAURIE KELLMAN | Posted 09.13.2011 | Politics

WASHINGTON -- Senate Majority Leader Harry Reid says House Majority Leader Eric Cantor should not be part of the debt limit negotiations. He's calling...

Sam Stein

Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall | Sam Stein | Posted 09.12.2011 | Politics

WASHINGTON -- Lawmakers and the White House had what nearly every party is describing as a "tough" and "testy" meeting on the debt ceiling Wednesday a...

Can the Center Hold?

Carl Pope | Posted 09.12.2011 | Politics
Carl Pope

The Senate Republicans, in a weird way, are playing their designated constitutional role of a saucer in which passions can cool.

Obama Reportedly Walks Out Of Tense Debt Ceiling Meeting

Posted 09.12.2011 | Politics

President Barack Obama walked out of a contentious meeting in ongoing talks to raise the nation's debt limit on Wednesday, an aide tells Reuters. P...

Obama Is Not RFK

Brent Budowsky | Posted 09.12.2011 | Politics
Brent Budowsky

Lest Republicans enjoy my criticism of the president, I believe there is now an economically unpatriotic wing of the GOP. They express partisan joy with every new job loss.

Samuel Haass

Union to Democratic Senators: Don't Cut Medicaid! | Samuel Haass | Posted 09.12.2011 | Politics

WASHINGTON -- The top union representing state and local workers is putting pressure on moderate Senate Democrats to reject any debt ceiling proposals...

Boehner: Negotiating With White House 'Like Dealing With Jell-O'

AP | BEN FELLER | Posted 09.12.2011 | Politics

WASHINGTON — House Speaker John Boehner said Wednesday that no one wants to see the nation go into government default as the White House and law...

Sam Stein

Wall Street Warns Congress: The Economy Post-Default Is A Man Post-'Suicide' | Sam Stein | Posted 09.12.2011 | Politics

UPDATE -- 5:50 p.m.: By the end of Wednesday, the market seemed fully aware of the debt ceiling debate. U.S. stock-index futures fell after Moody's In...