U.S. President Barack Obama has announced an agreement with congressional leaders on a compromise deal to raise the nation’s debt ceiling and keep the government from defaulting on its $14.3 trillion debt. Mr. Obama told reporters at the White House Sunday night the proposed deal cuts $1 trillion in spending over 10 years and sets […]
Obama: White House, Congress Reach Debt Ceiling Deal
Posted July 31st, 2011 at 9:35 pm (UTC-5)
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Obama: White House, Congress Reach Debt Ceiling Deal
Posted July 31st, 2011 at 9:00 pm (UTC-5)
U.S. President Barack Obama says a deal has been reached with House and Senate leaders to raise the nation’s debt ceiling and keep the government from defaulting on its $14.3 trillion debt. Mr. Obama appeared in the White House briefing room Sunday night to announce the proposed deal, which he said cuts $1 trillion in […]
Time Running Out For US Debt Deal
Posted July 31st, 2011 at 8:00 pm (UTC-5)
President Barack Obama and U.S. congressional leaders are racing against time to reach agreement on a compromise that would keep the government from defaulting on its $14.3 trillion debt. With very little time remaining before a Tuesday deadline, Senate Republican leader Mitch McConnell told reporters Sunday that a compromise is “really really close.” His Democratic […]
Deal on Debt Ceiling Reported Close
Posted July 31st, 2011 at 4:30 pm (UTC-5)
U.S. Senate leaders are giving conflicting reports of just how close Congress and the White House are on a deal to keep the government from defaulting on its $14.3 trillion debt. Republican leader Mitch McConnell told reporters Sunday that all sides are “really really close.” But Democratic leader Harry Reid said there is still “a […]
US Politicians Reported Near Deal on Debt
Posted July 31st, 2011 at 2:20 pm (UTC-5)
Leaders of both parties in the U.S. Congress are reported to be engaged in a major effort to work out compromise legislation that will keep the government from defaulting on its $14.3 trillion debt. On Sunday, the Senate voted to block consideration of a proposal to raise the federal government’s borrowing authority put forward by […]
US Senate to Vote of Debt Increase Plan
Posted July 31st, 2011 at 9:30 am (UTC-5)
A vote is scheduled in the U.S. Senate on Sunday that White House and Congressional officials hope could pave the way for an end to the weeks-long deadlock on an agreement to raise the government’s borrowing authority. Tuesday is considered the deadline for Congress to increase the debt limit above the current $14.3 trillion and […]
US Lawmakers in Last Minute Talks to Avert Debt Default
Posted July 31st, 2011 at 5:35 am (UTC-5)
The White House and top U.S. lawmakers are engaged in last minute talks to hammer out an agreement to ensure the government has enough money to meet its expenses. Congress must approve an increase in the government’s borrowing authority if the U.S. Treasury Department is to be able to pay the nation’s bills. Past increases […]
US Lawmakers Continue Debt Ceiling Negotiations
Posted July 31st, 2011 at 12:35 am (UTC-5)
U.S. lawmakers are continuing their political wrangling behind closed doors to reach an agreement on a debt limit proposal. The U.S. Senate vote on the debt ceiling, originally slated to take place early Sunday morning, has been pushed back to Sunday afternoon. Senate Majority leader Harry Reid said late Saturday the White House had asked […]
US Senate Pushes Back Debt Vote Until Sunday Afternoon
Posted July 30th, 2011 at 10:40 pm (UTC-5)
The U.S. Senate has delayed the vote on a debt limit proposal until noon Sunday, giving the lawmakers time for further negotiations on an agreement. The Senate has been scheduled to vote on the plan early Sunday. Senate Majority leader Harry Reid said late Saturday, negotiations at resolving the issue are under way at the […]
Top Democratic Senator: No Progress on US Debt Deal
Posted July 30th, 2011 at 6:55 pm (UTC-5)
U.S. Senate Majority Leader Harry Reid says Washington is no closer to a deal that would raise the country’s borrowing limit and avoid a potentially catastrophic debt default. Reid accused Republican leaders of refusing to negotiate in good faith. He made his remarks on the Senate floor late Saturday, shortly after the top two Republicans […]
