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Currently, Treasury Secretary Jacob Lew is employing emergency measures such as withdrawing investments from government employee pension accounts to keep from breaching the debt ceiling. In a letter to …
Talk 750 WSB · 9 hours ago
borrowing
In his news conference Tuesday afternoon, President Obama made this argument about the federal debt limit: "Because it's called raising the debt ceiling, I think a lot of Americans think it's raising our debt. It is not raising our debt. This does not add ...
Washington Post · 10/8/2013
Congress is once again debating whether to raise the debt ceiling, a legal limitation on how much the government can borrow to pay debts to which it has already committed. But what is the debt ceiling, anyway? And do we really need it? Here are some ...
ABC News · 10/10/2013
Dark days may be ahead if Congress can't resolve its dispute over the debt limit—a separate and larger issue than the shutdown. On Oct. 1, the government will shut down. This is a bit of an embarrassment for the country and an inconvenience for many ...
Slate · 10/1/2013
WASHINGTON — THE United States government is likely to shut down nonessential services tomorrow, after House Republicans voted before dawn yesterday to attach a one-year delay of President Obama’s health care law (and a repeal of a tax to pay …
New York Times · 9/29/2013
House Speaker John Boehner, R-Ohio (Photo: Alex Wong, Getty Images) WASHINGTON — House Speaker John Boehner, R-Ohio, bowed to political reality on Tuesday and allowed a vote on a debt ceiling increase with no conditions attached despite …
USA Today · 2/12/2014
Ignore what you hear and read in the news. The federal government actually reached the legal debt ceiling about four months ago. Since then, the government has been financing its monthly budget deficit by stealing/borrowing money from other government ...
Forbes · 10/3/2013
Kabuki theater has returned to Washington, D.C. The statutory ceiling on borrowing was reached more than three weeks ago. The Treasury Department just stopped the clock on March 15. The total debt of the U.S. government remains at $18,112,975,000 …
The Blaze · 4/10/2015
Next up: the debt ceiling. The White House continues to issue dire warnings about the economic consequences should Congress fail to raise the debt ceiling this month. President Barack Obama told Wall Street to be "concerned" and Treasury Secretary …
CNN · 10/8/2013
With the world watching in disbelief, the U.S. is just hours away from a deadline to raise the debt ceiling as the partial government shutdown begins Day 16. Financial markets are waiting to see if an 11th hour deal lead by the Senate can be struck to ...
CNBC · BySteve Liesman · 10/16/2013