Stories tagged: debt limit
Wed., June 7, 2017, 11:05 a.m.
Ryan won’t commit to Treasury timetable for debt increase
House Speaker Paul Ryan said Wednesday that he won’t commit to holding a vote to increase the government’s borrowing authority this summer.
UPDATED: Sun., June 4, 2017, 6:53 p.m.
Must-do for Congress: Raise debt limit, pass spending bills
Even members of his own party were quick to declare President Donald Trump’s budget plan dead on arrival in Congress last month. And in fact, lawmakers are facing a burst …
Fri., June 2, 2017, 8:04 p.m.
Pelosi: No debt limit increase to reward rich with tax cuts
WASHINGTON – Top House Democrat Nancy Pelosi says GOP leaders shouldn’t take for granted that Democrats will vote to increase the government’s borrowing cap. Pelosi told reporters Friday that she …
Thu., May 25, 2017, 1:58 p.m.
U.S. won’t default on debt, House Speaker Ryan says
House Speaker Paul Ryan is assuring investors that Congress will meet a new deadline to increase the government’s borrowing authority and avert an economy-quaking default on U.S. obligations.
Wed., May 24, 2017, 3:50 p.m.
Treasury chief to Congress: Raise debt limit before August
Treasury Secretary Steven Mnuchin told lawmakers on Wednesday that they should vote to increase the government’s borrowing authority – and avert a disastrous economic default – before their August recess.
UPDATED: Thu., Oct. 22, 2015, 8:09 p.m.
Treasury postpones bond auction as debt-limit deadline approaches
The Treasury Department Thursday postponed an auction of government bonds scheduled for next week because of concerns that it would not be able to complete the sales because the nation …
Thu., Oct. 15, 2015, 2:34 p.m.
Treasury moves up debt limit deadline to Nov. 3 and warns of default risk
The Treasury Department said Thursday that Congress must raise the debt limit by Nov. 3 or the federal government risks default.
Fri., Jan. 18, 2013, 10:33 a.m.
GOP official: House to vote to lift debt limit
WASHINGTON (AP) — The Republican-controlled House will vote next week to permit the government to borrow more money to meet its obligations, a move aimed at heading off a market-rattling …
Tue., Jan. 15, 2013, 7:21 a.m.
Fitch warns it may downgrade US over debt standoff
LONDON — The United States could lose its top credit rating for the second time from a leading agency if there’s a delay in raising the country’s debt ceiling, Fitch …
UPDATED: Mon., Jan. 14, 2013, 9:32 a.m.
Obama demands quick action to raise debt limit
WASHINGTON — President Barack Obama demanded today that Congress raise the federal debt limit quickly, warning that “Social Security benefits and veterans’ checks will be delayed if they don’t,” and …
Thu., Aug. 11, 2011, 10:21 a.m.
Pelosi names final members to debt supercommittee
House Minority Leader Nancy Pelosi’s appointment today of three Democrats to Congress’ new debt-reduction supercommittee completes the roster of a panel whose members are already being tugged in competing directions.
UPDATED: Tue., Aug. 2, 2011, 12:02 p.m.
Obama signs debt-limit bill
The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline. The vote …
Mon., Aug. 1, 2011, 5:13 p.m.
House approves debt-limit bill, sends it to Senate
The House has approved emergency legislation to avoid an economy-rattling government default and slice federal spending by $2 trillion or more on a vote of 269 to 161.
Mon., Aug. 1, 2011, 8:06 a.m.
Debt and spending deal picks up momentum in Senate
A crisis-conquering deficit-reduction agreement struck by the White House and congressional leaders after months of partisan rancor picked up momentum in the Senate today, as a member of the Republican …
UPDATED: Sat., July 30, 2011, 8:31 p.m.
Debt crisis: Significant progress reported
WASHINGTON — After weeks of intense partisanship, Republican congressional leaders and President Barack Obama made a last-minute stab at compromise Saturday to avoid a government default threatened for early next …
UPDATED: Fri., July 29, 2011, 5:29 p.m.
Senate kills latest House debt measure
The Senate has killed the latest effort by the House to raise the government’s borrowing cap.
Fri., July 29, 2011, 5:15 p.m.
Tea party tiger now riding the GOP on debt bill
House Republicans rode the tea party tiger to power last fall. Now it’s turning on them, forcing party leaders to endure embarrassing delays and unwanted revisions to crucial debt-ceiling legislation.
Fri., July 29, 2011, 12:13 p.m.
Washington has 6-8 weeks of cash left
Washington state Treasurer Jim McIntire says he has six to eight weeks of cash available to keep paying state-government bills if Congress fails to lift the debt ceiling in time …
Thu., July 28, 2011, 9:09 p.m.
House Republicans call off debt vote
WASHINGTON — An intense endgame at hand, House Republican leaders put off a vote Thursday night on legislation to avert a threatened government default and slice federal spending by nearly …
Thu., July 28, 2011, 4:31 p.m.
Questions and answers on the debt limit crisis
The federal government has run through its ability to borrow money and soon will run out of cash to pay its bills. How did the government get into this problem, …
Thu., July 28, 2011, 4 p.m.
McConnell debt-ceiling work mixes pragmatism, politics
As debt talks have taken on soap opera-like proportions, Senate Minority Leader Mitch McConnell, R-Ky., has worked to strike a balance between brainstorming bipartisan solutions and careful 2012 political calculations. …
Thu., July 28, 2011, 8:37 a.m.
GOP bill seen as key step in moving ahead on debt
House Republican leaders pleaded with their recalcitrant rank and file today to back a plan to stave off an unprecedented government default next week. The House vote would bring President …
Wed., July 27, 2011, 9:28 a.m.
GOP retools plan as Congress seeks debt fix
Six days away from a potentially calamitous government default, House Republicans today appeared to be slowly coalescing around a plan by House Speaker John Boehner to avert the debt crisis …
Mon., July 25, 2011, 8:19 a.m.
Boehner, Reid preparing to move on debt limit
Democratic and Republican congressional leaders shopped competing debt-crisis solutions and President Barack Obama canceled fundraising appearances today, as a politically gridlocked capital lurched into a climactic last full week before …
UPDATED: Fri., July 22, 2011, 9:56 a.m.
Veteran Republicans keeping options open on debt
The House’s rabble-rousing Republican freshmen and tea partyers have loudly refused to cut a deal as the GOP battles President Barack Obama over the government’s debt.
Thu., July 14, 2011, 8:23 a.m.
Lawmakers snipe, Wall St. frets as deadline nears
Testy lawmakers pointed fingers at one another and President Barack Obama on today as negotiations over raising the national debt limited entered a perilous endgame. Wall Street eyed the standoff …
Tue., July 12, 2011, 11:58 a.m.
McConnell, Boehner increase criticism of Obama
The top two Republicans in Congress sought today to put the onus on President Barack Obama for failure to resolve a fight over how to increase the government’s borrowing authority. …
Mon., July 11, 2011, 8:28 a.m.
Obama challenges GOP to compromise on debt
President Barack Obama declared today there would be no deal on raising the government’s debt limit if Republicans won’t compromise, and he said he would not sign a short-term extension …