The top two Republicans in the U.S. Congress, Senate Minority Leader Mitch McConnell and House Speaker John Boehner, have voiced optimism that Washington will reach a deal and avoid a potentially catastrophic debt default. In a press conference Saturday, Boehner urged President Barack Obama to reach agreement with Republican leaders in Congress, saying if he […]
Senior Republicans Optimistic About US Debt Deal
US Lawmakers Deadlocked on Raising Country’s Borrowing Limit
U.S. political leaders remained deadlocked Saturday on how best to raise the country’s borrowing limit and cut government spending, three days ahead of a looming national debt default. Rival Republican and Democratic plans to raise the country’s $14.3 trillion debt limit and rein in the nation’s deficit-laden annual budgets call for many of the same […]
US Lawmakers Deadlocked on Raising Country’s Borrowing Limit
U.S. political leaders remained deadlocked Saturday over how best to raise the country’s borrowing limit and cut government spending, three days ahead of a looming national debt default. Rival Republican and Democratic plans to raise the country’s debt limit of $14.3 trillion and rein in the nation’s deficit-laden annual budgets call for many of the […]
US Leaders Remain Deadlocked on Raising Country’s Borrowing Limit
U.S. political leaders remained deadlocked Saturday over how best to raise the country’s borrowing limit and cut government spending, three days ahead of a looming national debt default. Rival Republican and Democratic plans to raise the country’s debt limit of $14.3 trillion and rein in the nation’s deficit-laden annual budgets call for many of the […]
US Leaders Remain Deadlocked on Raising Country’s Borrowing Limit
U.S. political leaders remained deadlocked Saturday over how best to raise the country’s borrowing limit and cut government spending, three days ahead of a looming national debt default. Rival Republican and Democratic plans to raise the country’s debt limit of $14.3 trillion and rein in the nation’s deficit-laden annual budgets call for many of the […]
US Leaders Remain Deadlocked on Raising Country’s Borrowing Limit
U.S. political leaders remained deadlocked Saturday over how best to raise the country’s borrowing limit and cut government spending, three days ahead of a looming national debt default. Rival Republican and Democratic plans to raise the country’s debt limit of $14.3 trillion and rein in the nation’s deficit-laden annual budgets call for many of the […]
US Leaders Remain Deadlocked on Raising Country’s Borrowing Limit
U.S. political leaders remained deadlocked Saturday over how best to raise the country’s borrowing limit and cut government spending, three days ahead of a looming national debt default. Rival Republican and Democratic plans to raise the country’s debt limit of $14.3 trillion and rein in the nation’s deficit-laden annual budgets call for many of the […]
Obama: Failing to Reach Debt Agreement Would Be ‘Inexcusable’
U.S. President Barack Obama is urging Republicans and Democrats in Congress to agree on a plan to raise the country’s debt limit, as the nation edges closer to the threat of a default next week. In his weekly address Saturday, President Obama said the two sides must reach a compromise by the Tuesday deadline so […]
US Senate Rejects Debt Ceiling Plan Approved by House
The U.S. Senate has rejected a debt limit bill, shortly after the House of Representatives approved a revised plan to cut spending and raise the country’s $14.3 trillion borrowing limit, in an effort to avoid default next week. The Senate voted 59 to 41 Friday to set aside a vote on the plan, put forth […]
US House of Representatives Approves Debt Ceiling Plan
The U.S. House of Representatives, ignoring Senate opposition, has approved a revised plan to cut spending and raise the country’s $14.3 trillion borrowing limit, in an effort to avoid a debt default next week. House lawmakers voted 218 to 210 Friday on the plan, which is destined for defeat in the Democratic-majority Senate but could […]