debt ceiling

  • February 11, 2014   BY  

    Fewer than 24 hours after House Speaker John Boehner, R-Ohio, tried to sell fellow Republicans on a plan to increase the nation’s borrowing limit with a modest condition attached, Democrats got exactly what they wanted: a no-strings-attached vote to raise the debt limit.

    House Democrats provided nearly all of the votes to pass the measure, which will give the Treasury Department authority to increase borrowing until March 2015. The final vote was 221 to 201, with 199 Republicans and two Democrats voting against the measure. Crucially, 28 Republicans voted with Democrats in order to make sure the debt limit passed.

    Congress had until Feb. 27 to increase the limit, according to the Treasury department, or the U.S. government would not be able to pay for all of its bills. Continue reading

  • February 11, 2014  

    In our news wrap Tuesday, House Republicans gave up the hope of adding a provision on military pensions to legislation that would raise the debt ceiling. Also, in her first public comments as the chair of the Federal Reserve, Janet Yellen signaled she would preserve policy established by Ben Bernanke in reducing stimulus efforts. Continue reading

  • October 17, 2013  

    The U.S. government went back to work after Congress passed a bill that ended a 16-day shutdown and temporarily raised the debt ceiling. President Obama called on lawmakers to work together, while a small budget group began meeting in hopes of reaching a long-term solution. Congressional correspondent Kwame Holman reports. Continue reading

  • October 16, 2013   BY  

    Nebraska State Capitol in Lincoln, Neb. Photo courtesy of Flickr user TexasExplorer98 The state of Nebraska is the best in the nation at managing its financial obligations, according to a report cited in The Des Moines Register Wednesday. Barron’s financial … Continue reading

  • October 16, 2013  

    The Senate was poised to support a bipartisan deal to fund the government though Jan. 15 and extend the debt limit until Feb. 17, just hours before the U.S. would have to default. Congressional correspondent Kwame Holman reports. Gwen Ifill gets an update on the last-minute efforts from Lori Montgomery of The Washington Post. Continue reading

  • October 16, 2013  

    As Congress narrows in on an end to the shutdown, the rest of the world is watching their actions closely. Judy Woodruff talks to Italian Prime Minister Enrico Letta about the importance of a U.S. budget deal on international market stability, the ongoing Euro crisis recovery and Italy’s next move on immigration reform. Continue reading

  • October 15, 2013  

    If lawmakers fail to avert a debt default, there could be a devastating impact on the national economy: mortgages soaring, consumers unable to borrow, the government forced to pay more to borrow more, plunging us deeper into debt. Economics correspondent Paul Solman reports on how the bond market is anticipating the situation. Continue reading

  • October 14, 2013  

    As lawmakers show signs of progress towards a deal to end the shutdown and raise the debt ceiling, how are global markets responding? Ray Suarez gets analysis from Zanny Minton Beddoes of The Economist on the effects that repeated political standoffs over may have on U.S. financial credibility. Continue reading

  • October 10, 2013  

    Republicans suggested a plan to increase the debt ceiling for the short-term if President Obama agrees to negotiate spending cuts as a way to end the shutdown. Congressional correspondent Kwame Holman reports on the latest warnings about the debt ceiling and Judy Woodruff gets an update from Margaret Talev of Bloomberg News. Continue reading

  • October 10, 2013  

    Is the political standoff that caused the government shutdown indicative of the future of negotiation on Capitol Hill? Judy Woodruff discusses factors that have contributed to the conflict Norman Ornstein of the American Enterprise Institute and former congressman Tom Davis of Deloitte & Touche. Continue reading

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