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Debt Limit

With Debt Ceiling In Sight, Regulators Continue Dire Warnings

The Huffington Post | William Alden | Posted 07.13.2011 | Business

The federal government is scheduled to reach the debt limit Monday, and with no deal yet struck, top economic officials are warning lawmakers of the c...

Who's Afraid of a Countdown Clock?

Marty Kaplan | Posted 07.13.2011 | Media
Marty Kaplan

Whether cable stations run a countdown clock for when we'll hit the national debt limit or not, the controversy draws viewers, so the networks win either way. I just wish that were also true for the country.

Jennifer Bendery

Biden 'Not Pessimistic' About Progress Of Bipartisan Deficit Talks | Jennifer Bendery | Posted 07.12.2011 | Politics

WASHINGTON -- Vice President Joseph Biden said Thursday’s bipartisan deficit talks with lawmakers were the “most frank discussion we have had” b...

Banging Their Heads on the Debt Ceiling?

Rick Horowitz | Posted 07.12.2011 | Politics
Rick Horowitz

"If you don't want us to do something really irresponsible, you'd better let us do something really irresponsible." If you happen to be John Boehner, a sentence like that apparently makes perfect sense.

Poll Shows Where Americans Stand On Raising Taxes In Debt Fix

Posted 07.12.2011 | Politics

WASHINGTON (Reuters) – More than half of Americans say higher taxes should be part of a fix to tame the $14.3 trillion U.S. debt, a Reuters poll...

Jennifer Bendery

Obama Tells Senate Democrats To Unify In Deficit Fight | Jennifer Bendery | Posted 07.11.2011 | Politics

WASHINGTON -- President Barack Obama told Senate Democrats Wednesday that they need to get on the same page as they tangle with Republicans over defic...

House GOP Freshmen To Obama: Stop Playing Politics With Medicare

Roll Call | Jessica Brady | Posted 07.11.2011 | Politics

House GOP freshmen sought to defend their stance on Medicare reform Wednesday as Democrats continue hammering them on the politically tough issue....

Elise Foley

Cornyn: 'No Incentive At All' For Senate GOP To Increase Debt Limit | Elise Foley | Posted 07.10.2011 | Politics

WASHINGTON -- Senate Republicans shouldn't lift a finger to raise the nation's debt limit, argued Sen. John Cornyn on Tuesday. The Texas Republican, w...

Simon Johnson: Is There Too Much Federal Debt?

The New York Times | Simon Johnson | Posted 07.06.2011 | Business

In the nation’s latest fiscal mood swing, the mainstream consensus has swung from “we must extend the Bush tax cuts” (in November and December 2...

Treasury: Debt Limit Needs To Be Raised By $2 Trillion

Posted 07.04.2011 | Business

WASHINGTON (Richard Cowan and Rachelle Younglai) - The Treasury has told lawmakers a roughly $2 trillion rise in the legal limit on federal debt w...

Congress Receives Extension To Handle Debt Limit

AP | By MARTIN CRUTSINGER | Posted 07.02.2011 | Business

WASHINGTON -- Treasury Secretary Timothy Geithner is giving Congress a little more breathing room to negotiate a deal that would raise the nation's bo...

Amanda Terkel

WATCH: GOP Lawmaker Faces Tough Town Hall Questions | Amanda Terkel | Posted 06.29.2011 | Politics

WASHINGTON -- When Congress returns from its two-week recess, one of its top priorities will be voting on whether to raise the federal government's de...

Jennifer Bendery

GOP Planning To Tie Sweeping Spending Cuts To Debt Ceiling Hike | Jennifer Bendery | Posted 06.27.2011 | Politics

WASHINGTON -- House Republican leaders are zeroing in on the package of massive spending cuts and reforms they plan to attach to next month’s vote t...

All Eyes On 'Gang Of Six' As Deficit Deal Negotiations Continue

Posted 06.26.2011 | Politics

WASHINGTON -- They have met in almost total secrecy for months, holed up in an office on Capitol Hill: three Republican and three Democratic senat...

Elise Foley

Republicans Downplay Urgency Of Raising Debt Ceiling | Elise Foley | Posted 06.24.2011 | Politics

WASHINGTON -- Failing to raise the nation's debt ceiling would be less damaging than allowing the deficit to continue to swell, Sen. Tom Coburn (R-Okl...

AP: US Default Could Be Disastrous Choice For Economy

AP | TOM RAUM | Posted 06.24.2011 | Business

WASHINGTON -- The United States has never defaulted on its debt and Democrats and Republicans say they don't want it to happen now. But with partisan ...

Lobbying Push Targets New House GOP Lawmakers On Debt Ceiling Vote

Posted 06.20.2011 | Politics

WASHINGTON (Reuters) - They have been in Washington barely four months but the 85 first-term Republicans in the House of Representatives have foun...

Politics, Ideology Overshadow Debt Limit Talks

Posted 06.20.2011 | Politics

(Reuters) - In the looming fight over raising the debt limit, Washington will have its eye on two deadlines: July 2011 and November 2012. The first...

Jennifer Bendery

White House Deficit Talks Coming Apart At The Seams | Jennifer Bendery | Posted 06.19.2011 | Politics

WASHINGTON -- The White House's proposed deficit talks with Congress appear to be unraveling before they've even begun. House and Senate Republican l...

Rhymes for Our Times

Rick Horowitz | Posted 06.19.2011 | Politics
Rick Horowitz

Ten quick ones from the boys at Limerick & Verse... A chicken with stars in her eyes Cut miscreant farms down to size. "A journalist hen?!" The...

Extortion Politics: Why Won't American Business Stop the GOP From Threatening to Blow Up The Economy?

Robert Reich | Posted 06.19.2011 | Business
Robert Reich

No group of legislators is entitled to threaten to crash the United States economy if its demands aren't met. But the biggest surprise in the current debt ceiling standoff is the silence of American business and Wall Street, who have the most to lose.

President Obama Wins the First Round With Paul Ryan

Rob Shapiro | Posted 06.19.2011 | Politics
Rob Shapiro

President Obama's approach allows him to preserve the substantial new public investments in education, infrastructure, clean energy and basic R&D which he called for in his latest budget.

Geithner, Japan Confident Debt Ceiling Issue Will Be Resolved

The Huffington Post | William Alden | Posted 06.19.2011 | Business

With a fight looming over raising the U.S. federal debt limit, some top officials have begun to reassure the public that the country will avoid a defa...

Dow Jones Drops On News Of U.S. Credit Downgrade

Posted 06.18.2011 | Business

Update: The Dow Jones closed at 12,201.59, dropping 140.25 points for the day (1.14 percent). On Monday, stocks took a big hit after credit-rating ...

Amanda Terkel

Geithner: Not Raising Debt Ceiling Would Be 'Catastrophic' | Amanda Terkel | Posted 06.17.2011 | Politics

WASHINGTON -- Treasury Secretary Timothy Geithner said Sunday he's certain congressional lawmakers will come together to raise the nation's debt limit...