U.S. President Barack Obama says the top Republican in the House of Representatives has broken off negotiations to raise the U.S. borrowing limit despite the president offering what he called “an extraordinarily fair deal.” Mr. Obama said Friday it is “hard to understand” why House Speaker John Boehner would “walk away from this kind of […]
Obama: Top Republican Breaks off Debt Talks
Posted July 22nd, 2011 at 7:20 pm (UTC-5)
U.S. President Barack Obama says the top Republican in the House of Representatives has broken off negotiations to raise the U.S. borrowing limit despite the President offering what he called “an extraordinarily fair deal.” Mr. Obama said Friday it was “hard to understand” why House Speaker John Boehner would “walk away from this kind of […]
Obama, Lawmakers Continue Debate on Debt Deal
Posted July 22nd, 2011 at 12:25 pm (UTC-5)
Efforts continued in Washington Friday to forge a political agreement to prevent the United States government from running out of money before an August 2 deadline, while also slashing spending. Democrats in the Senate blocked a Republican-backed plan from the House of Representatives to raise the debt ceiling in exchange for large cuts in federal […]
US Senate Blocks Republican House Debt Plan
Posted July 22nd, 2011 at 11:00 am (UTC-5)
U.S. lawmakers and the president appeared no closer to a deal Friday to raise the country’s 14.3 trillion borrowing limit and slash spending ahead of an August 2 deadline. Democrats in the Senate Friday blocked a Republican-backed plan from the House of Representatives that would raise the debt ceiling in exchange for large cuts in […]
Intense Talks Continue to Avoid Default on US Debt
Posted July 22nd, 2011 at 6:30 am (UTC-5)
As the deadline for U.S. lawmakers to raise the nation’s $14.3 trillion borrowing limit quickly approaches, the Democratic-led U.S. Senate is expected to vote on Republican-backed plan Friday that would raise the debt ceiling in exchange for large cuts in the federal budget. The so-called “Cut, Cap and Balance Act” also requires Congress to approve […]
Intense Talks Continue to Avoid Default on US Debt
Posted July 21st, 2011 at 8:40 pm (UTC-5)
Intense talks are continuing in Washington on a possible deal to cut spending and avoid a possible default on the United States’ massive debt. U.S. President Barack Obama held talks late Thursday at the White House with top Democratic lawmakers, including Senate Majority Leader Harry Reid and Congresswoman Nancy Pelosi, the minority leader in the […]
Intense Talks Continue to Avoid Default on US Debt
Posted July 21st, 2011 at 7:45 pm (UTC-5)
Intense talks are continuing in Washington on a possible deal to cut spending and avoid a possible default on the United States’ massive debt. U.S. President Barack Obama held talks late Thursday at the White House with top Democratic lawmakers, including Senate Majority Leader Harry Reid and Congresswoman Nancy Pelosi, the minority leader in the […]
White House Reports ‘No Progress’ on Debt Deal
Posted July 21st, 2011 at 3:10 pm (UTC-5)
A White House spokesman says he has no progress to report on a deal to slash spending and avoid a possible default on the country’s massive debt. But he also guaranteed the country will pay its bills on time. Obama administration spokesman Jay Carney told reporters Thursday the White House “is absolutely confident” Congress will […]
White House Reports ‘No Progress’ on Debt Deal
Posted July 21st, 2011 at 2:00 pm (UTC-5)
A White House spokesman says he has no progress to report on a deal to slash spending and avoid a possible default on the country’s massive debt. But it also guaranteed the country will pay its bills on time. Obama administration spokesman Jay Carney told reporters Thursday the White House “is absolutely confident” Congress will […]
Top Lawmaker: US Cannot Afford to ‘Wish or to Wait’ for Debt Deal
Posted July 21st, 2011 at 12:10 pm (UTC-5)
One of the most powerful lawmakers in the United States is challenging President Barack Obama to back a Republican plan to slash spending and avoid a possible default. House Speaker John Boehner told reporters Thursday Mr. Obama needs to show leadership and that it is “not enough to wish or to wait for a solution.” […]
