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 […]
Obama Urges ‘Shared Compromise’ to Break Stalemate in Debt Talks
Posted July 16th, 2011 at 7:00 pm (UTC-5)
U.S. President Barack Obama on Saturday urged Congress to enter into what he called “shared compromise ” in an effort to solve the country’s debt and deficit problems. In his weekly address, Mr. Obama said he is willing to do whatever it takes to solve the problem, even if it is not politically popular. But […]
Obama Urges ‘Shared Compromise’ to Break Stalemate in Debt Talks
Posted July 16th, 2011 at 4:00 pm (UTC-5)
U.S. President Barack Obama has urged Congress to enter into what he called “shared compromise ” in an effort to solve the country’s debt and deficit problems. In his weekly address Saturday, Mr. Obama said he is willing to do whatever it takes to solve the problem, even if it is not politically popular. But […]
Obama, Republicans Still Wrangling Over US Debt
Posted July 15th, 2011 at 4:15 pm (UTC-5)
U.S. President Barack Obama and opposition Republicans called on each other to offer “serious” plans to solve the nation’s financial problems on Friday. In a televised news conference, Mr. Obama said again he is willing to consider cuts in popular social programs including pensions and health care for the elderly, and aid to veterans. In […]
Obama, Republicans Still Wrangling Over US Debt
Posted July 15th, 2011 at 12:10 pm (UTC-5)
President Barack Obama and opposition Republicans called on each other to offer “serious” plans to solve the nation’s financial problems on Friday. In a televised news conference, Mr. Obama said again he is willing to consider cuts in popular social programs including pensions and health care for the elderly, and aid to veterans. In return, […]
Obama, Republicans Still Wrangling Over US Debt
Posted July 15th, 2011 at 10:40 am (UTC-5)
The political wrangling over spending, debt, and taxes continued in Washington Friday, with President Barack Obama and opposition Republicans holding separate news conferences to outline their positions. The Republican Speaker of the House of Representatives, John Boehner, said his party does not want a default. He also said it is vital to make what he […]
Obama to Address Debt Crisis
Posted July 15th, 2011 at 5:55 am (UTC-5)
U.S. President Barack Obama will hold a news conference at the White House Friday morning to discuss his negotiations with congressional leaders over raising the national borrowing limit and decreasing the deficit. At the end of a fifth day of talks Thursday, Mr. Obama told negotiators it is “decision time,” and gave them until Saturday […]
Obama Ends Talks with Lawmakers Over Debt, Deficit
Posted July 15th, 2011 at 2:00 am (UTC-5)
U.S. President Barack Obama will hold a news conference at the White House Friday morning to discuss his negotiations with congressional leaders over raising the national borrowing limit and decreasing the deficit. At the end of a fifth day of talks Thursday, Mr. Obama told negotiators it is “decision time,” and gave them until Saturday […]
S&P Considers Downgrading US Bond Rating
Posted July 14th, 2011 at 9:05 pm (UTC-5)
The powerful credit rating agency Standards and Poors has put the United States on its credit watch list, warning there is a “substantial likelihood” it could downgrade the country’s triple-A rating because of the ongoing battle over decreasing the deficit and increasing the borrowing limit. In a statement Thursday, the rating agency said it believes […]
Obama Urges Congressional Leaders to Gauge Debt Deal Support
Posted July 14th, 2011 at 8:05 pm (UTC-5)
White House officials say they will discuss on Friday whether they are close to a deal with opposition Republicans on raising the U.S. debt limit. Officials say Mr. Obama concluded Thursday’s meeting with congressional leaders — the fifth straight day of the high-level talks — by suggesting they gauge support among their fellow lawmakers for […]
