Geithner Urges Congress to Act ‘as Early as Possible’ on Debt Ceiling
The Treasury Department has officially set a deadline for raising the debt ceiling, albeit a loose one: Congress needs to act by mid-February or early March, or the country will face an unprecedented...
View ArticleIn Debt Game, an Early Move From Obama
In his news conference Monday, President Obama suggested that Washington will have tamed the government’s debt problems if the two parties can agree on another $1.5 trillion or so in spending cuts and...
View ArticleCredit Rating Agency Warns of Downgrade if Debt Limit Is Not Raised
Fitch Ratings Ltd. warned Tuesday that Congress's failure to raise the federal government's statutory borrowing limit would "very likely" prompt a downgrading of the U.S. Government's credit rating.
View ArticleObama Tells House Democrats He Will Confront Republicans on Taxes
President Obama vowed Thursday to confront Republicans over the issue of closing tax loopholes, saying that he would relish a debate with those who insist Congress has done all it should to get more...
View ArticleAs Congress Votes to Avert One Fiscal Crisis, Boehner Moves On to Another
Just as Congress passed legislation to finance the government through the end of the fiscal year, Speaker John A. Boehner made a statement suggesting the House would not increase the debt limit without...
View Article10 Questions for Jacob Lew
The Treasury secretary spoke to John Harwood about extending government funding past Sept. 30, dealing with the so-called budget sequester and raising the federal debt limit.
View ArticleBucking the Speaker, and Crossing the Line
Tensions flared among Republicans when a House staff member sent out a note encouraging conservative interest groups to work against Speaker John A. Boehner's debt-limit legislation.
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