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 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 […]
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 […]
US Congressional Democrats, Republicans Write Separate Debt-Ceiling Plans
Posted July 25th, 2011 at 2:40 am (UTC-5)
U.S. Senate and House of Representatives leaders are preparing separate backup plans to raise the federal debt limit after Congress and the White House failed to come up with a bipartisan agreement Sunday. The leader of the majority party in the House, John Boehner, called Sunday on his fellow Republicans to support what he called […]
Obama Cites Progress on Debt Talks, But No Deal
Posted July 7th, 2011 at 1:25 pm (UTC-5)
U.S. President Barack Obama and key lawmakers have failed to bridge deep divides over how to slash the nation’s debt and avoid a possible default. Mr. Obama told reporters at the White House Thursday a meeting with Congressional leaders was “very constructive” but that the sides had yet to reach an agreement to raise the […]
Obama, Lawmakers Start High Stakes Debt Talks
Posted July 7th, 2011 at 11:45 am (UTC-5)
U.S. President Barack Obama is sitting down with top lawmakers, hoping to win support for a bolder package of spending cuts and tax increases aimed at slashing the nation’s debt. White House and congressional aides say Mr. Obama will propose doubling the amount of money trimmed from the country’s budget deficit to $4 trillion during […]
Obama Proposing Bigger Cuts to Control US Debt
Posted July 7th, 2011 at 9:10 am (UTC-5)
U.S. President Barack Obama is proposing a bolder package to slash spending and increase some tax revenue in an effort to break the political impasse over America’s growing debt. White House and congressional aides say Mr. Obama will propose doubling the amount of money trimmed from the country’s budget deficit to $4 trillion when he […]
White House Hosts Bipartisan Debt Discussion Amid Possible GOP Compromises
Posted July 7th, 2011 at 12:55 am (UTC-5)
U.S. President Barack Obama is set to host Democratic and Republican Congressional leaders at the White House on Thursday to continue negotiations on how to raise the nation’s borrowing limit and avoid a possible debt default. The meeting comes a day after top Republican lawmakers hinted at a possible compromise on revenue increases, a key […]
