The U.S. House of Representatives is to vote Thursday on a plan by Republican House Speaker John Boehner to raise the debt ceiling and cut spending. Boehner’s plan has attracted criticism from the ultra-conservative Tea Party faction of the Republican party, and opposition from Democrats. Conservatives say it cuts too little spending, Democrats complain Boehner’s […]
US Lawmakers Voting on Republican Debt Plan
Posted July 28th, 2011 at 9:45 am (UTC-5)
The U.S. House of Represenatives is to vote Thursday on a plan by Republican House Speaker John Boehner to raise the debt ceiling and cut spending. Boehner’s plan has attracted criticism from the ultra-conservative Tea Party faction of the Republican party, and opposition from Democrats. Conservatives say it cuts too little spending, Democrats complain Boehner’s […]
Washington Wrangles Over Debt As Deadline Grows Near
Posted July 27th, 2011 at 5:05 pm (UTC-5)
U.S. President Barack Obama, his Democratic party allies in Congress and opposition Republicans are still haggling over competing plans to raise the government borrowing limit, as an August 2 deadline draws closer. Without an agreement, Washington could default on some of its obligations. White House spokesman Jay Carney told reporters if the deadline is not […]
Washington Wrangles Over Debt As Deadline Grows Near
Posted July 27th, 2011 at 9:30 am (UTC-5)
U.S. President Barack Obama, his Democratic party allies in Congress and opposition Republicans are still haggling over competing plans to raise the government borrowing limit as an August 2 deadline draws closer. Without an agreement, Washington could default on some of its obligations. Uncertainty caused by the bitter partisan debate and the lack of apparent […]
Obama Chief of Staff: US Will Not Default
Posted July 27th, 2011 at 12:20 am (UTC-5)
The White House and House Republicans clashed Tuesday over differing plans to raise the U.S. debt ceiling one week before the August 2 deadline. Republican leaders Tuesday postponed a House vote on their plan until at least Thursday after it was discovered the bill did not include the level of budget cuts it promised. The […]
Obama Chief of Staff: US Will Not Default
Posted July 26th, 2011 at 6:10 pm (UTC-5)
White House Chief of Staff William Daley says he is confident the United States will not default on its debt. Daley told CNBC television Tuesday that there are a lot of debt reduction plans on the table and everyone is stressed as the August 2 deadline for default gets closer. But he said that, in […]
US Standoff on Borrowing Limit Remains Unresolved
Posted July 26th, 2011 at 3:25 pm (UTC-5)
U.S. President Barack Obama and opposition Republican lawmakers remain deadlocked about plans to raise the nation’s debt limit as a possible default looms in one week. The White House said Tuesday the president is “doing whatever he could” to reach a compromise on increasing the country’s $14.3 trillion borrowing limit ahead of the August 2 […]
US Standoff on Borrowing Limit Remains Unresolved
Posted July 26th, 2011 at 2:55 pm (UTC-5)
U.S. President Barack Obama and opposition Republican lawmakers remained deadlocked Tuesday on plans to raise the nation’s debt limit as a possible default looms a week away. The White House said Tuesday the president is “doing whatever he could” to reach a compromise on increasing the country’s $14.3 trillion borrowing limit ahead of the August […]
US Standoff on Borrowing Limit Remains Unresolved
Posted July 26th, 2011 at 2:05 pm (UTC-5)
U.S. President Barack Obama and opposition Republican lawmakers remained deadlocked Tuesday on plans to raise the nation’s debt limit as a possible default looms a week away. The White House said Tuesday the president is “doing whatever he could” to reach a compromise on increasing the country’s $14.3 trillion borrowing limit ahead of the August […]
IMF’s Lagarde Urges Quick US Resolution of Debt Crisis
Posted July 26th, 2011 at 9:50 am (UTC-5)
International Monetary Fund chief Christine Lagarde says the United States needs to quickly resolve its debt limit crisis because the “consequences would be far-reaching” if it does not. In a speech Tuesday to the Council on Foreign Relations in New York, Lagarde said U.S. congressional leaders and President Barack Obama need to reach agreement “as […]
