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Obama Debt Ceiling

Obama: Time Is Running Out For A Debt Deal

Posted 09.28.2011 | Politics

WASHINGTON, July 29 (Reuters/Richard Cowan and Deborah Charles) - With four days remaining until the United States hits its debt limit, President Bara...

Sam Stein

Key GOP Senator: More 'Healthy' To Extend Debt Ceiling Through 2012 Election | Sam Stein | Posted 09.28.2011 | Politics

WASHINGTON -- GOP opposition to a deal that would extend the debt ceiling through the 2012 elections softened a bit on Friday as an influential Senate...

World Stocks Fall On Concerns That U.S. Will Not Reach Debt Ceiling Deal

Posted 09.28.2011 | Business

LONDON (AP) -- Concerns that American lawmakers won't agree a deal to raise the U.S. debt ceiling in the next few days continued to reverberate around...

Jon Ward

Bachmann Says Washington Is 'Deceiving' American People In Debt Ceiling Debate | Jon Ward | Posted 09.27.2011 | Politics

WASHINGTON -- Republican presidential candidate Michele Bachmann on Thursday said the debt ceiling debate is just the latest chapter in a long history...

Don't Fall for the GOP Lie: There Is No Budget Crisis -- There's a Job and Growth Crisis

Robert Reich | Posted 09.27.2011 | Politics
Robert Reich

That we're calling the current debate in Washington a "budget crisis" and worrying that if we don't "solve" it we can't pay our nation's bills is testament to how successful deficit hawks have been distorting the truth.

Debt Ceiling Debate: Similarities To FDR's New Deal

Alex Becker | Posted 09.27.2011 | Politics
Alex Becker

The months-long effort to raise the nation's debt ceiling has taken on the feel of an existential political debate, one that will redefine notions about the government's role in society for years to come. As a country, however, we've experienced this before.

Tea Party-Backed Rep Fires Up GOP: 'Knock The Sh** Out Of 'Em'

Slate | David Weigel | Posted 09.27.2011 | Politics

Republicans poured out of today's conference meeting with stories of "momentum" for the debt plan backed by the Speaker of the House....

LIVE UPDATES: Debt Ceiling Deadline Looms

AP/The Huffington Post | Posted 09.26.2011 | Politics

Neither the House nor the Senate had a clear path forward for must-pass legislation to allow the government to continue to borrow to pay its bills, pu...

Joshua Hersh

China: U.S. Debt Crisis Is Giving Democracy A Bad Name | Joshua Hersh | Posted 09.26.2011 | World

WASHINGTON -- The seemingly endless process of resolving America's debt crisis may be giving America and its democratic form of governance a bad name ...

Congress Needs to Do Its Job: Pay America's Bills, Put Americans Back to Work

Heather McGhee | Posted 09.26.2011 | Politics
Heather McGhee

Millions of Americans were thrown out of work because of forces beyond of their control in 2008. It should be unthinkable for any leader to threaten to intentionally revisit that suffering on more Americans for political gain, and yet that is where we are.

Is an 8-48 Hour Default the Least Bad Option?

Miles Mogulescu | Posted 09.26.2011 | Politics
Miles Mogulescu

Allowing the August 2nd deadline go by without legislation passed by Congress and signed by the president to raise the debt ceiling (with severe spending cuts included in such legislation) may be the least bad option left on the table.

Reduce the Debt Limit?

Joe Minarik | Posted 09.26.2011 | Politics
Joe Minarik

In this light, to be logically consistent on principle, anyone who opposes increasing the debt limit today should in 2001 similarly have opposed President Bush's tax cuts.

For God's Sake, President Obama, Invoke the 14th Amendment and End This Madness in Washington

Jay Weston | Posted 09.26.2011 | Los Angeles
Jay Weston

Yes, Mr. President, it IS time for the Founding Fathers of the nation to come to your -- and our -- rescue. Do it! Today!

Compromise Is Not a Dirty Word

Madeleine M. Kunin | Posted 09.26.2011 | Politics
Madeleine M. Kunin

Compromise, contrary to popular opinion, does not mean selling out one's principles. Compromise means working out differences to forge a solution which fits the diversity of the body politic.

Should Obama Pull Constitutional Move, Legal Experts Suggest It'd Prove Difficult To Challenge In Court

Reuters | Carlyn Kolker | Posted 09.25.2011 | Politics

NEW YORK (Reuters) - President Barack Obama says he will not bypass Congress and cite an obscure part of the U.S. Constitution to prevent a government...

Sparks Fly On Capitol Hill And Bachmann Racks Up Missed Votes

Posted 09.25.2011 | Politics

Contentious debate over the issue of raising the debt ceiling has sparks flying on Capitol Hill. A sex scandal-plagued congressman announced that he p...

Paul Blumenthal

Major Conservative Groups Divided On Boehner Debt Limit Plan | Paul Blumenthal | Posted 09.25.2011 | Politics

WASHINGTON -- In the home stretch of the debt limit debate, two of the biggest conservative groups have opened a fissure on the Republican side of the...

What World Leaders Think About The U.S. Debt Ceiling Debate

Posted 09.25.2011 | Politics

As Washington struggles to find compromise on its way to a debt ceiling deal, international leaders have spoken out on the U.S. debt situation and the...

Our Country Is Crashing. It's Time To Get Mad!

Bob Edgar | Posted 09.25.2011 | Politics
Bob Edgar

How is it that every reputable poll agrees that a majority of Independents, Democrats, even Republicans believe we should cut the federal budget AND raise taxes on the rich but that no plan to do that now appears able to pass the Congress?

Jason Linkins

Death To The Debt Ceiling Negotiations! | Jason Linkins | Posted 09.25.2011 | Politics

Honestly, America, if you want to deliver the right message to your representative, you need to call them up, repeatedly, and make this simple demand: "Raise the damn debt ceiling."

PHOTOS: Catastrophe Looming, Doomsday Warnings Abound

The Huffington Post | Paige Lavender | Posted 09.25.2011 | Politics

The ongoing debate in Washington over raising the nation's debt ceiling is giving rise to doomsday warnings. Earlier this month, President Barack O...

Trump: GOP Should Let U.S. Default

Posted 09.25.2011 | Politics

On Monday, Donald Trump urged Republicans to reject any deal with Democrats to raise the debt ceiling and let the country risk default. Economists and...

The Debt Ceiling Debacle

Robert L. Borosage | Posted 09.25.2011 | Politics
Robert L. Borosage

For all the president's talk about shared sacrifice and the wealthy paying a bit more by closing loopholes, the two choices before the Congress now are all about spending cuts without revenue increases. How did we get to this unacceptable choice?

Compromise Does Not Preclude Drawing a Moral Line of Principle in the Sand

Clarence B. Jones | Posted 09.25.2011 | Politics
Clarence B. Jones

The president should veto any legislation that does not embody a shared sacrifice and a balanced approach between cuts and revenues enacted to reduce our deficit.

It'll Be an All-Cuts Budget "Deal" (Just Like California)

Joseph A. Palermo | Posted 09.25.2011 | Politics
Joseph A. Palermo

The debt ceiling gambit that Republicans in the House of Representatives have used to tie the U.S. government in knots in recent months is simply the California GOP's tactic writ large.