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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
It could be that President Barack Obama and the Republican House of Representatives will again be able to avert fiscal and financial chaos through a short-term, ad hoc agreement on government funding and the “debt ceiling” limit. This would be good ...
Reuters · 10/10/2013
The warning was unusually dire. Speaker John Boehner laid out what many in Washington already knew as he stood before House Republicans at his party’s retreat last week: The GOP needed a new plan to tackle the debt ceiling. Trying to force President ...
Politico · ByJake Sherman · 1/22/2013
Congressional Republicans are again threatening not to increase the ceiling on the amount of federal government debt that can be issued. On Wednesday, they agreed to postpone this particular piece of the fiscal confrontation, but only until May.
New York Times · BySimon Johnson · 1/24/2013
The U.S. will hit its debt limit on March 16 but with some "extraordinary measures" it will be able to fund the government on a temporary basis, according to U.S. Treasury Secretary Jack Lew, who urged Congress in a letter to raise the debt limit immediately.
News Max · 3/6/2015
WASHINGTON — House Republicans dealt defeat to their own proposal for a $2.4 trillion increase in the nation's debt limit Tuesday, a political gambit designed to reinforce a demand for spending cuts to accompany any increase in government borrowing.
The Huffington Post · ByDavid Espo · 5/31/2011
Political battles over the debt limit have been around nearly as long as the law passed by Congress in 1917 that set a statutory limit for how much debt the Treasury could accrue. Since then, Congress has had to increase that limit on more than 100 ...
NPR News · 10/14/2013
The Department of the Treasury has employed extraordinary measures to meet the federal government’s financial obligations since May 19, 2013, when it reached the statutory debt limit of $16.7 trillion. When these measures run out in mid-October, the ...
The Heritage Foundation · ByRomina Boccia · 9/18/2013
A mere eight weeks from the December budget deal, House Republicans on Tuesday bowed to the inevitable and allowed a vote on a "clean" debt-ceiling increase that Democrats promptly passed—no reform strings attached. Perhaps as a follow-up the …
Wall Street Journal · 2/12/2014
One year ago, the United States was engulfed in the debt-ceiling crisis of 2011, a self-inflicted wound as egregious as it was avoidable. As events proceeded in July of last year, people around the world surely must have wondered whether politicians in the ...
The Atlantic · 8/1/2012