U.S. Senate Majority Leader Harry Reid has accused Republican lawmakers of pushing the United States to the “brink of default,” by resisting compromise in high-stakes budget talks. In a statement following an urgent meeting late Saturday with congressional leaders, Reid said he will only accept a deal that raises the U.S. $14.3 trillion debt ceiling […]
Top Senate Democrat: Republicans Not Compromising on Debt Crisis
Posted July 24th, 2011 at 2:20 am (UTC-5)
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Obama, Sarkozy Approve of Greek Debt Rescue Plan
Posted July 24th, 2011 at 2:05 am (UTC-5)
U.S. President Barack Obama and French President Nicolas Sarkozy have agreed the new Greek debt rescue plan will help ensure stability of the common European currency. The White House says the two leaders spoke by phone Saturday on the Greek plan, which was adopted Thursday at a meeting of European leaders in Brussels. A statement […]
US Lawmakers Hold Urgent Talks to Avoid Debt Default
Posted July 23rd, 2011 at 7:40 pm (UTC-5)
U.S. congressional leaders are holding urgent talks aimed at averting a default on the U.S. debt, by raising the country’s $14.3 trillion debt ceiling. Congressional sources say lawmakers hope to show progress by 4 p.m. local time Sunday, shortly before Asian financial markets open, on a plan to raise the debt ceiling. On Saturday, U.S. […]
Obama: Congress Must “Do Its Job” on Debt Ceiling
Posted July 23rd, 2011 at 5:30 pm (UTC-5)
U.S. President Barack Obama has urged Congress to “do its job” and avoid letting the country default on its debts, after holding a short meeting with senior lawmakers Saturday at the White House. The White House says Mr. Obama restated his opposition to a short-term extension of the national debt ceiling, because he said it […]
Obama: Congress Must “Do Its Job” on Debt Ceiling
Posted July 23rd, 2011 at 4:55 pm (UTC-5)
U.S. President Barack Obama has urged Congress to “do its job” and avoid letting the country default on its debts, after holding a short meeting with senior lawmakers Saturday at the White House. The White House says Mr. Obama restated his opposition to a short-term extension of the national debt ceiling, because he said it […]
Obama Calls on Congress to “Do Its Job” on Debt Ceiling
Posted July 23rd, 2011 at 3:15 pm (UTC-5)
After a short meeting with congressional leaders at the White House Saturday, U.S. President Barack Obama has issued a statement calling on Congress to “do its job” and avoid letting the country default on its debts. In a statement, the White House said Mr. Obama restated his opposition to a short-term extension of the national […]
Obama Meets With Congressional Leaders After Debt Talks Collapse
Posted July 23rd, 2011 at 12:45 pm (UTC-5)
U.S. President Barack Obama met briefly with congressional leaders of both parties Saturday to discuss the impasse on raising the nation’s $14.3 trillion debt ceiling. The president met with House Speaker John Boehner and House Minority Leader Nancy Pelosi, as well as Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell — the top […]
Obama Meets With Congressional Leaders After Debt Talks Collapse
Posted July 23rd, 2011 at 11:00 am (UTC-5)
U.S. President Barack Obama is meeting with congressional leaders of both parties Saturday after a top Republican broke off negotiations on raising the country’s borrowing limit. Mr. Obama said during his Saturday weekly address that he wants the lawmakers to explain to him how the country will avoid defaulting on its payments after the government […]
Obama Set to Meet Congressional Leaders After Debt Talks Collapse
Posted July 23rd, 2011 at 5:45 am (UTC-5)
U.S. President Barack Obama is set to meet with congressional leaders of both parties Saturday after a top Republican broke off negotiations on raising the country’s borrowing limit. Mr. Obama said he was offering what he called “an extraordinarily fair deal.” The president said Friday it is “hard to understand” why House Speaker John Boehner […]
US Contractor Appeals 15-Year Sentence in Cuba
Posted July 23rd, 2011 at 3:15 am (UTC-5)
A U.S. contractor has appealed his 15-year jail sentence in Cuba. On Friday, Alan Gross told the communist country’s Supreme Court he meant Cuba no harm while working on telecommunications equipment. He says he was only trying to improve Internet service for a small Jewish community. He was detained in late 2009 while working on […]
