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Intense Talks Continue to Avoid Default on US Debt

Posted July 21st, 2011 at 8:40 pm (UTC-5)
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Intense talks are continuing in Washington on a possible deal to cut spending and avoid a possible default on the United States’ massive debt. U.S. President Barack Obama held talks late Thursday at the White House with top Democratic lawmakers, including Senate Majority Leader Harry Reid and Congresswoman Nancy Pelosi, the minority leader in the […]

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Intense Talks Continue to Avoid Default on US Debt

Posted July 21st, 2011 at 7:45 pm (UTC-5)
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Intense talks are continuing in Washington on a possible deal to cut spending and avoid a possible default on the United States’ massive debt. U.S. President Barack Obama held talks late Thursday at the White House with top Democratic lawmakers, including Senate Majority Leader Harry Reid and Congresswoman Nancy Pelosi, the minority leader in the […]

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White House Reports ‘No Progress’ on Debt Deal

Posted July 21st, 2011 at 3:10 pm (UTC-5)
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A White House spokesman says he has no progress to report on a deal to slash spending and avoid a possible default on the country’s massive debt. But he also guaranteed the country will pay its bills on time. Obama administration spokesman Jay Carney told reporters Thursday the White House “is absolutely confident” Congress will […]

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White House Reports ‘No Progress’ on Debt Deal

Posted July 21st, 2011 at 2:00 pm (UTC-5)
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A White House spokesman says he has no progress to report on a deal to slash spending and avoid a possible default on the country’s massive debt. But it also guaranteed the country will pay its bills on time. Obama administration spokesman Jay Carney told reporters Thursday the White House “is absolutely confident” Congress will […]

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US Government, Companies Prepare for Unthinkable Default

Posted July 21st, 2011 at 1:00 pm (UTC-5)
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Top U.S. officials have repeatedly said the consequences of a possible default are so severe there is no alternative to raising the debt ceiling. But with less than two weeks to go until the August 2 deadline, key U.S. agencies and private financial firms are also planning for a worst-case scenario. The chief of the […]

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Top Lawmaker: US Cannot Afford to ‘Wish or to Wait’ for Debt Deal

Posted July 21st, 2011 at 12:10 pm (UTC-5)
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One of the most powerful lawmakers in the United States is challenging President Barack Obama to back a Republican plan to slash spending and avoid a possible default. House Speaker John Boehner told reporters Thursday Mr. Obama needs to show leadership and that it is “not enough to wish or to wait for a solution.” […]

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President, Lawmakers Continue US Debt Talks

Posted July 21st, 2011 at 7:35 am (UTC-5)
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U.S. President Barack Obama and members of Congress continue the search Thursday for a compromise on how to raise the country’s debt limit, as an August 2 deadline approaches to avoid a potentially catstrophic default. President Obama says he is not giving up hope for what he calls a “grand bargain” to raise the country’s […]

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Obama Optimistic ‘Grand Bargain’ on Debt Can Be Done

Posted July 20th, 2011 at 8:25 pm (UTC-5)
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U.S. President Barack Obama says he is not giving up hope for what he calls a “grand bargain” to raise the country’s borrowing limit, while also slashing the nation’s debt. White House spokesman Jay Carney said Wednesday there is still time for Republicans and Democrats to reach an agreement. Less than two weeks remain before […]

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Obama Optimistic ‘Grand Bargain’ on Debt Can Be Done

Posted July 20th, 2011 at 6:05 pm (UTC-5)
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U.S. President Barack Obama says he is not giving up hope for what he calls a “grand bargain” to raise the country’s borrowing limit while also slashing the nation’s debt. White House spokesman Jay Carney told reporters Wednesday there is still time for Republicans and Democrats to reach an agreement, saying it “just requires a […]

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Obama Optimistic ‘Grand Bargain’ on Debt Can Be Done

Posted July 20th, 2011 at 5:15 pm (UTC-5)
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U.S. President Barack Obama is not giving up hope for a “grand bargain” to raise the country’s borrowing limit while also slashing the nation’s debt. White House spokesman Jay Carney told reporters Wednesday there Is still time for Republicans and Democrats to reach an agreement, saying it “just requires a willingness to be reasonable.” The […]

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