Articles Tagged 'Debt Limit'

Republicans Might Accept ‘Mini’ Deal on Debt Ceiling, Senate’s Cornyn Says

July 4, 2011
By Angela Greiling Keane, Bloomberg News Republicans might accept a “mini” deal with the Obama administration on raising the debt limit, Senator John Cornyn of Texas, a Republican leader, said yesterday on “Fox News Sunday.”
The idea may delay politically difficult decisions if it’s structured to postpone action on a larger package of spending cuts or revenue increases until… READ MORE
Obama at White House

Obama pressures Republicans on federal debt ceiling

June 30, 2011
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… READ MORE


June 22, 2011
By Matt Cover ( – Treasury Secretary Timothy Geithner said Tuesday that a deal to raise the legal debt limit, which he expects to be completed in the next few weeks, will be only a short-term “down payment” on solving the nation’s debt problem, and that it would be “irresponsible” to reduce the massive federal deficit anticipated over the next… READ MORE

‘Drums of fear’ will sell bill on debt limit, Paul predicts

June 6, 2011
By David Eldridge-The Washington Times Republican presidential hopeful Ron Raul says he won’t vote for increasing the nation’s $14.3 trillion debt limit but he predicted Sunday that it will pass Congress anyway.
“It will come down to the wire, and they’ll pass it because they will beat the drums of fear,” the 11-term congressman from Texas said Sunday onCNN’s… READ MORE

Moody’s Warns of Rising Risk on US Credit Rating

June 3, 2011
Reuters 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… READ MORE

Republicans to Obama: Where’s the Democrats’ budget-cutting plan?

June 2, 2011
By Gail Russell Chaddock, The Christian Science Monitor House Republicans failed to pin down 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… READ MORE

Republicans stage new showdown on debt ceiling

June 1, 2011
By Jackie Calmes, 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… READ MORE
chuck schumer

Republicans block oil tax break repeal

May 18, 2011
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… READ MORE

Geithner says Congress will pass debt limit increase

April 14, 2011
(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. Geithner… READ MORE

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