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 was still time for Republican and Democrats to reach an agreement, saying it “just requires a willingness to be reasonable.” The […]
Obama Optimistic ‘Grand Bargain’ on Debt Can Be Done
Posted July 20th, 2011 at 4:00 pm (UTC-5)
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Obama Optimistic ‘Grand Bargain’ on Debt Can Be Done
Posted July 20th, 2011 at 2:10 pm (UTC-5)
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 Tuesday there was still time for Republican and Democrats to reach an agreement, saying it “just requires a willingness to be reasonable.” The […]
Obama Says “Gang of Six” Plan is Balanced Approach to Deficit Reduction
Posted July 20th, 2011 at 4:00 am (UTC-5)
U.S. President Barack Obama is urging Republican and Democratic lawmakers to continue searching Wednesday for a last-minute compromise on a budget deal tied to raising the nation’s borrowing limit. A possible breakthrough emerged on Tuesday when a bipartisan group of senators known as the “Group of Six” unveiled a deficit reduction plan that calls for […]
Obama: No More Time ‘to Posture’ on US Debt
Posted July 19th, 2011 at 9:10 pm (UTC-5)
The Republican-led U.S. House of Representatives has approved a plan to cut more than $100 billion from the federal budget next year, in exchange for raising the country’s borrowing limit. By a mostly partisan vote, the so-called Cut, Cap and Balance Act was approved Tuesday night. It would cut non-defense federal spending, limit future spending […]
Obama: No More Time ‘to Posture’ on US Debt
Posted July 19th, 2011 at 2:55 pm (UTC-5)
U.S. President Barack Obama is warning Congress it is running out of time to cut the government deficit and raise the debt ceiling. Mr. Obama told reporters at the White House Tuesday lawmakers “don’t have any more time to posture.” He said failure to reach a deal on raising the country’s debt limit would soon […]
Obama: No More Time ‘to Posture’ on US Debt
Posted July 19th, 2011 at 2:05 pm (UTC-5)
U.S. President Barack Obama is warning Congress it is running out of time to cut the government deficit and raise the debt ceiling. Mr. Obama told reporters at the White House Tuesday lawmakers “don’t have any more time to posture.” He said failure to reach a deal on raising the country’s debt limit would soon […]
Vote Nears as Possible US Default Creeps Closer
Posted July 19th, 2011 at 10:50 am (UTC-5)
U.S. lawmakers are preparing to vote on a bill to slash the country’s spending and raise the debt limit, although this version of the legislation has little chance of resolving a high-stakes political standoff. Tuesday’s vote in the Republican-led U.S. House of Representatives would cut more than $100 billion from the federal budget next year […]
US House to Vote on Deficit Cutting Proposal Opposed by Obama
Posted July 19th, 2011 at 7:20 am (UTC-5)
The Republican-led U.S. House of Representatives votes Tuesday on legislation that would cut billions of dollars from the federal budget in exchange for raising the country’s borrowing limit and avoiding a first-ever default. The so-called Cut, Cap and Balance Act, supported by the Republican Party’s Tea Party faction and other fiscally conservative groups, would also […]
White House to Veto Spending Cuts, Balanced Budget Amendment
Posted July 18th, 2011 at 7:55 pm (UTC-5)
The Republican-led U.S. House of Representatives votes Tuesday on a budget bill that the White House says President Obama will veto. The so-called Cut, Cap and Balance Act would require billions of dollars in immediate spending cuts, trillions of dollars in future spending limits, and a constitutional amendment requiring a balanced budget — outlawing the […]
US Debt Talks Continue As Deadline Nears
Posted July 17th, 2011 at 2:15 pm (UTC-5)
Negotiators from the White House and the U.S. Congress continued their efforts Sunday to reach agreement on ways to keep the government from defaulting on its debt. Five straight days of talks involving U.S. President Barack Obama and Republican leaders in Congress that ended Thursday failed to break the current deadlock. Experts say Congress must […]
