Negotiations to raise the U.S. government’s borrowing limit grew increasingly heated on the fourth day of talks at the White House between President Barack Obama and top lawmakers. Congressional aides from both the Democratic and Republican parties reported late Wednesday that the day’s meeting ended on a tense note, with President Obama sharply rejecting Republican […]
Obama Says Debt Deal Needed to Guarantee Pension Checks
Posted July 13th, 2011 at 12:50 am (UTC-5)
U.S. lawmakers plan to meet with President Barack Obama at the White House for a fourth straight day Wednesday, trying to find a compromise on reducing the budget deficit in order to gain Congressional approval for increasing the nation’s borrowing limit and avoiding a possible default. On Tuesday, the top Senate Republican, Mitch McConnell, said […]
Obama Says Debt Deal Needed to Guarantee Pension Checks
Posted July 12th, 2011 at 4:35 pm (UTC-5)
U.S. President Barack Obama says he cannot guarantee that there will be money to pay millions of pension checks scheduled to go out on August 3, unless a deal can be made with opposition Republicans on difficult debt issues. He spoke in a television interview by CBS, which put some of his remarks on its […]
Obama Says Debt Deal Needed To Guarantee Pension Checks
Posted July 12th, 2011 at 1:55 pm (UTC-5)
U.S. President Barack Obama says he can not guarantee that there will be money to pay millions of pension checks scheduled to go out on August 3, unless a deal can be made with opposition Republicans on difficult debt issues. He spoke in a television interview by CBS, which put some of his remarks on […]
US Businesses: Outlook Dire Without Debt Deal
Posted July 12th, 2011 at 1:55 pm (UTC-5)
Some of America’s leading business organizations are pleading with the president and lawmakers to raise the country’s debt limit. A coalition of business groups sent a letter to President Barack Obama and lawmakers Tuesday, warning that any default would have a disastrous impact on the economy, and calling it “a risk our country must not […]
US Businesses: Outlook Dire Without Debt Deal
Posted July 12th, 2011 at 12:50 pm (UTC-5)
Some of America’s leading businesses organizations are pleading with the president and lawmakers to raise the country’s debt limit. A coalition of business groups sent a letter to President Barack Obama and lawmakers Tuesday, warning any default would have a disastrous impact on the economy, calling it “a risk our country must not take.” The […]
More Talks Three Weeks Before US Hits Debt Limit
Posted July 12th, 2011 at 11:50 am (UTC-5)
U.S. congressional leaders are scheduled to meet again with President Barack Obama Tuesday, with no signs of progress on a deal to reduce the deficit and raise the government’s borrowing limit. Tuesday’s talks come three weeks before the August 2 deadline, when the U.S. Treasury Department says the country will run up against the $14.3 […]
More Talks Three Weeks Before US Hits Debt Limit
Posted July 12th, 2011 at 10:45 am (UTC-5)
U.S. congressional leaders are scheduled to meet again with President Barack Obama Tuesday, with no signs of progress on a deal to reduce the deficit and raise the government’s borrowing limit. Tuesday’s talks come three weeks before the August 2 deadline, when the U.S. Treasury Department says the country will run up against the $14.3 […]
More Talks Three Weeks Before US Hits Debt Limit
Posted July 12th, 2011 at 8:20 am (UTC-5)
U.S. congressional leaders will meet again with President Barack Obama Tuesday, with no signs of progress on a deal to reduce the deficit and raise the government’s borrowing limit. Tuesday’s talks come three weeks before the August 2 deadline, when the U.S. Treasury Department says the country will run up against the $14.3 trillion debt […]
Obama: Urgent Action Needed On Debt Deal
Posted July 11th, 2011 at 5:35 pm (UTC-5)
President Barack Obama will meet again Tuesday at the White House with U.S. congressional leaders, after no breakthrough in their talks Monday for an elusive deal to raise the country’s debt ceiling. Before all sides gathered for their meeting on Monday, Mr. Obama said at a televised news conference that it is time to stop […]
