U.S. President Barack Obama has reached an agreement with congressional leaders on a compromise deal to raise the nation’s limit on borrowing and keep the government from unprecedented default. Mr. Obama told reporters at the White House Sunday night the proposed deal cuts $1 trillion in spending over 10 years and sets up a bipartisan […]
White House, Congress Reach Debt Ceiling Deal
Posted August 1st, 2011 at 4:30 am (UTC-5)
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Tokyo Stocks Rise on News of US Debt Deal
Posted August 1st, 2011 at 2:40 am (UTC-5)
Asian stock markets surged Monday on news that U.S. President Barack Obama and congressional leaders had reached a deal to avert a debt default. Tokyo’s Nikkei Index closed up 1.34 percent, snapping a three-day losing streak, while the dollar climbed nine-tenths of a percent against the yen. Hong Kong markets maintained a 1.4 percent jump […]
Obama: White House, Congress Reach Debt Ceiling Deal
Posted July 31st, 2011 at 11:30 pm (UTC-5)
U.S. President Barack Obama has announced an agreement with congressional leaders on a compromise deal to raise the nation’s debt ceiling and keep the government from defaulting on its $14.3 trillion debt. Mr. Obama told reporters at the White House Sunday night the proposed deal cuts $1 trillion in spending over 10 years and sets […]
Tokyo Stocks Rise on News of US Debt Deal
Posted July 31st, 2011 at 11:30 pm (UTC-5)
Asian stock markets surged Monday on news that U.S. President Barack Obama and congressional leaders had reached a deal to avert a debt default. Before noon Tokyo time, the Nikkei Index had gained more than 1.8 percent, snapping a three-day losing streak, while the dollar climbed nine-tenths of a percent against the yen. Hong Kong […]
Obama: White House, Congress Reach Debt Ceiling Deal
Posted July 31st, 2011 at 9:35 pm (UTC-5)
U.S. President Barack Obama has announced an agreement with congressional leaders on a compromise deal to raise the nation’s debt ceiling and keep the government from defaulting on its $14.3 trillion debt. Mr. Obama told reporters at the White House Sunday night the proposed deal cuts $1 trillion in spending over 10 years and sets […]
Obama: White House, Congress Reach Debt Ceiling Deal
Posted July 31st, 2011 at 9:00 pm (UTC-5)
U.S. President Barack Obama says a deal has been reached with House and Senate leaders to raise the nation’s debt ceiling and keep the government from defaulting on its $14.3 trillion debt. Mr. Obama appeared in the White House briefing room Sunday night to announce the proposed deal, which he said cuts $1 trillion in […]
Time Running Out For US Debt Deal
Posted July 31st, 2011 at 8:00 pm (UTC-5)
President Barack Obama and U.S. congressional leaders are racing against time to reach agreement on a compromise that would keep the government from defaulting on its $14.3 trillion debt. With very little time remaining before a Tuesday deadline, Senate Republican leader Mitch McConnell told reporters Sunday that a compromise is “really really close.” His Democratic […]
Deal on Debt Ceiling Reported Close
Posted July 31st, 2011 at 4:30 pm (UTC-5)
U.S. Senate leaders are giving conflicting reports of just how close Congress and the White House are on a deal to keep the government from defaulting on its $14.3 trillion debt. Republican leader Mitch McConnell told reporters Sunday that all sides are “really really close.” But Democratic leader Harry Reid said there is still “a […]
US Politicians Reported Near Deal on Debt
Posted July 31st, 2011 at 2:20 pm (UTC-5)
Leaders of both parties in the U.S. Congress are reported to be engaged in a major effort to work out compromise legislation that will keep the government from defaulting on its $14.3 trillion debt. On Sunday, the Senate voted to block consideration of a proposal to raise the federal government’s borrowing authority put forward by […]
US Senate to Vote of Debt Increase Plan
Posted July 31st, 2011 at 9:30 am (UTC-5)
A vote is scheduled in the U.S. Senate on Sunday that White House and Congressional officials hope could pave the way for an end to the weeks-long deadlock on an agreement to raise the government’s borrowing authority. Tuesday is considered the deadline for Congress to increase the debt limit above the current $14.3 trillion and […]
