Showing Archived Posts

Geithner Warns US ‘Running Out of Time’ on Debt Issue

Posted July 14th, 2011 at 3:20 pm (UTC-5)
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Top U.S. financial officials are issuing a new round of warnings about the potential catastrophe that awaits if lawmakers fail to raise the country’s debt limit by August 2. Treasury Secretary Timothy Geithner told reporters Thursday the country is “running out of time” to raise the $14.3 trillion borrowing limit. He said Washington needs to […]

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US Debt Talks Day 5: Angry Words, High Stakes

Posted July 14th, 2011 at 12:35 pm (UTC-5)
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U.S. lawmakers are trading insults with time running out before an August 2 deadline to raise the country’s debt limit. Top lawmakers are scheduled to meet with U.S. President Barack Obama for a fifth straight day Thursday as they try to reach a deal that would prevent a possible default that could rattle international markets. […]

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Angry Words, Higher Stakes as US Debt Talks Hit Day 5

Posted July 14th, 2011 at 10:00 am (UTC-5)
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U.S. President Barack Obama and lawmakers are trying again to reach a deal to raise the country’s debt limit and prevent a possible default that could rattle markets across the globe. Talks between the Obama administration and congressional leaders enter day five Thursday, following new warnings from the head of the U.S. central bank and […]

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China Urges US to Protect Investors as Debt Ceiling Looms

Posted July 14th, 2011 at 5:10 am (UTC-5)
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China is calling on the United States to protect the interests of its investors as its politicians engage in a policy battle that has brought it to the brink of default. At a foreign ministry briefing Thursday, spokesman Hong Lei said China hopes the U.S. government will adopt “responsible policies and measures to guarantee the […]

US Debt-Deficit Talks Enter Fifth Day

Posted July 14th, 2011 at 2:15 am (UTC-5)
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U.S. President Barack Obama meets Thursday with Republican and Democratic leaders for a fifth day of tense negotiations on a deficit reduction plan tied to an increase in the nation’s borrowing limit. Republican leaders said Wednesday’s talks at the White House ended abruptly, with President Obama storming out of the meeting after sharply rejecting Republican […]

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Debt Talks Enter Fifth Straight Day Amid Heated Exchanges

Posted July 14th, 2011 at 1:05 am (UTC-5)
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U.S. President Barack Obama meets Thursday with Republican and Democratic leaders for a fifth day of tense negotiations on a deficit reduction plan tied to an increase in the nation’s borrowing limit. Republican leaders said Wednesday’s talks at the White House ended abruptly, with President Obama storming out of the meeting after sharply rejecting Republican […]

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Day 4: Debt Talks Grow More Heated

Posted July 13th, 2011 at 9:00 pm (UTC-5)
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Negotiations to raise the U.S. government’s borrowing limit grew increasingly heated on the fourth day of talks at the White House between President Barack Obama and top lawmakers. Congressional aides from both the Democratic and Republican parties reported late Wednesday that the day’s meeting ended on a tense note, with President Obama sharply rejecting Republican […]

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Obama Says Debt Deal Needed to Guarantee Pension Checks

Posted July 13th, 2011 at 12:50 am (UTC-5)
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U.S. lawmakers plan to meet with President Barack Obama at the White House for a fourth straight day Wednesday, trying to find a compromise on reducing the budget deficit in order to gain Congressional approval for increasing the nation’s borrowing limit and avoiding a possible default. On Tuesday, the top Senate Republican, Mitch McConnell, said […]

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Obama Says Debt Deal Needed to Guarantee Pension Checks

Posted July 12th, 2011 at 4:35 pm (UTC-5)
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U.S. President Barack Obama says he cannot guarantee that there will be money to pay millions of pension checks scheduled to go out on August 3, unless a deal can be made with opposition Republicans on difficult debt issues. He spoke in a television interview by CBS, which put some of his remarks on its […]

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Obama Says Debt Deal Needed To Guarantee Pension Checks

Posted July 12th, 2011 at 1:55 pm (UTC-5)
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U.S. President Barack Obama says he can not guarantee that there will be money to pay millions of pension checks scheduled to go out on August 3, unless a deal can be made with opposition Republicans on difficult debt issues. He spoke in a television interview by CBS, which put some of his remarks on […]

Tags: , , , , Posted in Americas, Economy, US

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