Articles Tagged 'Debt Limit'
Republicans Might Accept â€˜Miniâ€™ Deal on Debt Ceiling, Senateâ€™s Cornyn Says
By Angela Greiling Keane, Bloomberg News
Republicans might accept a â€œminiâ€ deal with the Obama administration on raising the debt limit, SenatorÂ John Cornyn ofÂ Texas, a Republican leader, said yesterday on â€œFox News Sunday.â€
The idea may delay politically difficult decisions if itâ€™s structured to postpone action on a larger package of spending cuts or revenue increases until…
Obama pressures Republicans on federal debt ceiling
By Peter Nicholas and Christi Parsons, LA Times
President Obama is sharply intensifying pressure on congressionalRepublicans in negotiations over the federal debt, depicting GOP leaders…
GEITHNER CALLS FOR HIGHER TAXES…
ByÂ Matt Cover
– Treasury Secretary Timothy Geithner said Tuesday that a deal to raise the legalÂ debt limit, which he expects to be completed in the next few weeks, will be only a short-term â€œdown paymentâ€ on solving the nationâ€™s debt problem, and that it wouldÂ be “irresponsible” to reduce theÂ massive federal deficit anticipated over the next…
â€˜Drums of fearâ€™ will sell bill on debt limit, Paul predicts
ByÂ David Eldridge-The Washington Times
Republican presidential hopefulÂ Ron Raul says he wonâ€™t vote for increasing the nationâ€™s $14.3 trillion debt limit but he predicted Sunday that it will passÂ Congress anyway.
â€œIt will come down to the wire, and theyâ€™ll pass it because they will beat the drums of fear,â€ the 11-term congressman from Texas said Sunday onCNNâ€™s…
Moody’s Warns of Rising Risk on US Credit RatingReuters
Moody’s Investors Service
said Thursday there is a very small but rising risk of a short-lived default by the United States if there is no increase in the statutory debt limit in coming weeks.
In a statement, Moody’s said it would put the Aaa U.S. rating on review for a possible downgrade if lawmakers in Washington do not…
Republicans to Obama: Where’s the Democrats’ budget-cutting plan?
ByÂ Gail Russell Chaddock, The Christian Science Monitor
House Republicans failed to pin downÂ President Obama on plans to cut spending and rein in deficits during a meeting Wednesday. But at least some came away heartened by what they saw as a new openness by Mr. Obama to potential points of compromise.
In the balance is not only the…
Republicans stage new showdown on debt ceiling
By Jackie Calmes,Â New York Times
WASHINGTON — The House on Tuesday overwhelmingly rejected a measure to increase the government’s debt limit, acting on a vote staged by Republican leaders to pressure President Barack Obama to agree to deep spending cuts.
The measure, defeated 318-97, was brought up by Republicans to show that there was little House support for…
Republicans block oil tax break repeal
By Sean Lengell-The Washington Times
Senate Republicans on Tuesday blocked a Democratic bill that would have repealed about $2 billion in annual tax breaks for…
Geithner says Congress will pass debt limit increase
(Reuters) – Treasury Secretary Timothy Geithner said on Wednesday that Congress will allow the country to borrow more by agreeing to increase the $14.3 trillion debt limit.
“Congress will pass an increase in the debt limit,” Geithner told PBS Newshour.
Republicans have said they are unwilling to raise the debt ceiling without some reforms to the government spending.