The political wrangling over spending, debt, and taxes continued in Washington Friday, with President Barack Obama and opposition Republicans holding separate news conferences to outline their positions. The Republican Speaker of the House of Representatives, John Boehner, said his party does not want a default. He also said it is vital to make what he […]
Obama, Republicans Still Wrangling Over US Debt
Posted July 15th, 2011 at 10:40 am (UTC-5)
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Obama to Address Debt Crisis
Posted July 15th, 2011 at 5:55 am (UTC-5)
U.S. President Barack Obama will hold a news conference at the White House Friday morning to discuss his negotiations with congressional leaders over raising the national borrowing limit and decreasing the deficit. At the end of a fifth day of talks Thursday, Mr. Obama told negotiators it is “decision time,” and gave them until Saturday […]
Obama Ends Talks with Lawmakers Over Debt, Deficit
Posted July 15th, 2011 at 2:00 am (UTC-5)
U.S. President Barack Obama will hold a news conference at the White House Friday morning to discuss his negotiations with congressional leaders over raising the national borrowing limit and decreasing the deficit. At the end of a fifth day of talks Thursday, Mr. Obama told negotiators it is “decision time,” and gave them until Saturday […]
S&P Considers Downgrading US Bond Rating
Posted July 14th, 2011 at 9:05 pm (UTC-5)
The powerful credit rating agency Standards and Poors has put the United States on its credit watch list, warning there is a “substantial likelihood” it could downgrade the country’s triple-A rating because of the ongoing battle over decreasing the deficit and increasing the borrowing limit. In a statement Thursday, the rating agency said it believes […]
Obama Urges Congressional Leaders to Gauge Debt Deal Support
Posted July 14th, 2011 at 8:05 pm (UTC-5)
White House officials say they will discuss on Friday whether they are close to a deal with opposition Republicans on raising the U.S. debt limit. Officials say Mr. Obama concluded Thursday’s meeting with congressional leaders — the fifth straight day of the high-level talks — by suggesting they gauge support among their fellow lawmakers for […]
Geithner Warns US ‘Running Out of Time’ on Debt Issue
Posted July 14th, 2011 at 3:20 pm (UTC-5)
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 […]
US Debt Talks Day 5: Angry Words, High Stakes
Posted July 14th, 2011 at 12:35 pm (UTC-5)
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. […]
Angry Words, Higher Stakes as US Debt Talks Hit Day 5
Posted July 14th, 2011 at 10:00 am (UTC-5)
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 […]
US Debt-Deficit Talks Enter Fifth Day
Posted July 14th, 2011 at 2:15 am (UTC-5)
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 […]
Debt Talks Enter Fifth Straight Day Amid Heated Exchanges
Posted July 14th, 2011 at 1:05 am (UTC-5)
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 […]
