Republicans in the U.S. House of Representatives are calling for a big enough increase in the country’s borrowing limit so the nation can pay its bills until mid-April. House Republican leaders said Friday the chamber would vote next week on a plan to boost the debt ceiling. The United States has already reached its current […]
US House Republicans Call For Short Debt Limit Increase
Posted January 18th, 2013 at 3:35 pm (UTC-5)
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Democrats Urge Obama to Consider Unilateral Debt Hike
Posted January 12th, 2013 at 6:15 am (UTC-5)
Top U.S. Democratic Senate leaders have urged President Barack Obama to consider measures that would bypass congressional approval to make sure the country does not default on it debts. Senate Majority Leader Harry Reid and his leadership team said in a letter to the president that he should use “any lawful steps” under his authority […]
Democrats Urge Obama to Consider Unilateral Debt Hike
Posted January 12th, 2013 at 3:15 am (UTC-5)
Top U.S. Democratic Senate leaders have urged President Barack Obama to consider measures that would bypass congressional approval to make sure the country does not default on it debts. Senate Majority Leader Harry Reid and his leadership team said in a letter to the president that he should use “any lawful steps” under his authority […]
US Debt Hits Record $16 Trillion
Posted September 4th, 2012 at 7:20 pm (UTC-5)
The U.S. Treasury Department confirms the national debt has exceeded $16 trillion for the first time. That amounts to $50,000 worth of debt for every man, woman and child living in the country. The record was expected and pushes the United States closer to its legal debt limit of just under $16.4 trillion. Officials said […]
US Lawmakers Register Disapproval of Debt Limit Hike
Posted January 18th, 2012 at 6:45 pm (UTC-5)
The U.S. House of Representatives has voted against President Barack Obama’s plan to raise the nation’s debt limit by $1.2 trillion, in a largely symbolic vote. Lawmakers voted 239 -176 Wednesday in favor of the “resolution of disapproval.” The vote allowed Republicans to publicly show their opposition to the increase, however it will not stop […]
Greek Archaelogical Sites May Open to Advertisers to Ease National Debt
Posted January 18th, 2012 at 1:25 am (UTC-5)
The Greek Culture Ministry said Tuesday it is making it easier to rent some of the nation’s most iconic archaeological sites for filming and photography for advertisers and other ventures. The ministry says the money raised would help maintain and protect the sites. The new plan would allow for greater access to the ancient Greek […]
Greek Archaelogical Sites May Open to Advertisers to Ease National Debt
Posted January 18th, 2012 at 1:10 am (UTC-5)
The Greek Culture Ministry said Tuesday it making it easier to rent some of its most iconic archaeological sites for filming and photography for advertisers and other ventures. The ministry says the money raised would help maintain and protect the sites. The new plan would allow for greater access to the ancient Greek ruins. Until […]
Obama Seeks $1.2-Trillion US Debt Limit Increase
Posted January 12th, 2012 at 6:20 pm (UTC-5)
U.S. President Barack Obama has formally notified Congress that he plans a $1.2-trillion increase in the nation’s debt limit. The debt ceiling is the legal amount of money the U.S. government can borrow. President Obama said in a letter to congressional leaders Thursday that further borrowing is required to meet existing commitments. The United States […]
Germany Gets Paid to Finance Its Own Debt
Posted January 9th, 2012 at 2:45 pm (UTC-5)
Europe’s economic powerhouse, Germany, is now getting paid to finance its own debts. In the often arcane world of international finance, investors for months have forced debt-ridden governments throughout Europe — Greece, Italy, Spain and others — to pay hefty interest rates before they purchased the countries’ bonds. But Monday in the search for a […]
Key Dates and Events in the European Debt Crisis
Posted November 9th, 2011 at 6:45 pm (UTC-5)
The unfolding eurozone economic crisis has led to political and social turmoil across the region as the governments of Greece, France, Ireland, Spain and Portugal try to keep their spending under control and impose drastic measures to cut their growing debts. This is a timeline of the most important events leading to the current economic […]
