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AS THE public debt of the United States approaches the $14.3 trillion limit currently allowed by law, Congress is being pressed by the Obama administration to change the law and raise the limit. For months, Treasury Secretary Timothy Geithner has warned ...
Boston · 5/4/2011
Washington (CNN) - Senate Minority Leader Mitch McConnell, R-Kentucky, on Friday defended his decision back home in Kentucky to join Democrats in a vote to clear a filibuster hurdle that allowed a vote to raise the debt ceiling. "My job is to protect the ...
CNN Politics · 2/16/2014
If there was any doubt that Washington’s acrimonious debt fight created a new political reality, Senator Mitch McConnell of Kentucky dashed it on Tuesday. The very real threat of forcing the nation into a first-ever financial default — along with the ...
The New York Times · ByMichael D. Shear · 8/3/2011
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On Thursday, Treasury Secretary Timothy Geithner asked congressional leaders to give the White House permanent authority to unilaterally increase the government’s borrowing limit as part of a deficit-reduction deal, according to Republican aides.
The Wall Street Journal · ByDamian Paletta · 11/29/2012
PRINCETON, NJ -- Despite agreement among leaders of both sides of the political aisle in Washington that raising the U.S. debt ceiling is necessary, more Americans want their member of Congress to vote against such a bill than for it, 42% vs. 22% ...
Call UP · ByLydia Saad · 7/12/2011
In the end, the president accepted the debt ceiling deal forced on him by the Congress, bitterly swallowing the policy changes packaged with it. "To play around with the debt limit this way means really that you're playing with dynamite," his treasury ...
US News and World Report · ByRobert Schlesinger · 10/11/2013
Suppose that we hit the debt ceiling, and that the Treasury manages to engage in “prioritization” — paying interest on bonds, so that all the burden falls on other kinds of spending. How should we think about the economic impact? Well, here’s one ...
The Opinion Pages The New York Times · 10/10/2013
If an enemy declared war on the American economy, the United States would spare no effort to remove that threat to its prosperity and national security. So it was with Osama Bin Laden, who in 2004 described his goal as "bleeding America to the point of ...
Daily Kos · ByJon Perr · 12/3/2012
Adam H. Rosenzweig from the Washington University School of Law proposes a different approach to ending the debt ceiling crisis: Let the Supreme Court resolve it as a Constitutional matter. What should happen when Congress and the President find …
Constitution Daily · 10/14/2013
The debt limit must soon be increased, and President Obama insists that Congress give him the ability to borrow without any accompanying budget reforms or spending cuts. He argues that only a long-term, "clean" debt-limit bill is responsible fiscal policy ...
Wall Street Journal · 1/17/2013