debt ceiling – News Stories About debt ceiling - Page 11

new reports

Jul 26, 2011 7:55 AM CDT

US Won't Default on Aug. 2

New reports indicate the feds have a little wiggle room

(Newser) - The US blew past a seventh (and final? ) deadline for coming up with a debt ceiling extension plan yesterday, but new reports indicate the country may not actually default a week from today. According to economic analysts at UBS, Aug. 8 is the earliest date the government might run...

Obama, Boehner
an 'Unsettling Spectacle'

OPINION Roundup

Jul 26, 2011 7:50 AM CDT

Obama, Boehner an 'Unsettling Spectacle'

Speeches long on politics, short on solutions

(Newser) - President Obama and John Boehner gave dueling speeches last night, and the news was not good. Here's what the pundits are taking away from it all:

If people—or markets—were looking for reassurance, “they were out of luck,” observes Politico . Instead, Obama and Boehner “treated

...

Jon Stewart
to Congress:
Get the F Out

Jul 26, 2011 5:13 AM CDT

Jon Stewart to Congress: Get the F Out

Train wreck is too 'complicated' to avoid for lame-o crew

(Newser) - Jon Stewart has a message for Congress : If you can't deal with the budget, "Get the F out." Thanks, guys, we're edging "ever closer to self-inflicted economic collapse," says the frustrated comedian. "The 112th Congress has been completely unable to muster a debt...

Obama Television Address: 'Reckless' If We Can't Cut Debt Ceiling Deal

Obama:
'Reckless'
If We Can't
Cut Deal

DEBT CEILING SHOWDOWN

Jul 25, 2011 8:22 PM CDT

Obama: 'Reckless' If We Can't Cut Deal

President pleads for compromise in primetime address

(Newser) - President Obama took to the airwaves tonight, charging that the only ones standing in the way of a balanced compromise to the nation's debt crisis are those Republicans in Congress who are insisting only on spending cuts. "The American people may have voted for divided government, but they...

Obama Plans
9pm Address

Jul 25, 2011 5:56 PM CDT

Obama Plans 9pm Address

Boehner will offer rebuttal after

(Newser) - President Obama will address the nation at 9pm tonight, in the wake of dueling debt ceiling plans offered this afternoon by House Speaker John Boehner and Senate Majority Leader Harry Reid. Boehner, whose proposal is coming under fire from conservatives, will give a short rebuttal afterward. All networks will carry...

Boehner, Reid
Unveil Dueling Plans

Jul 25, 2011 2:58 PM CDT

Boehner, Reid Unveil Dueling Plans

White House backs Senate Democrats' version

(Newser) - John Boehner and Harry Reid put forth starkly divergent plans for dealing with the debt ceiling, reports the Washington Post , with the White House jumping up to support the Senate Democrats' version and denounce the GOP's "my way or the highway approach." Boehner's vision is a...

Debt Limit Deal: Congress Has Blown Six Deadlines Already

Congress Has Blown By 6 Debt Limit Deadlines So Far

Jul 25, 2011 1:41 PM CDT

Congress Has Blown By 6 Debt Limit Deadlines So Far

But today's the absolute last one—right?

(Newser) - Today is, supposedly, the absolute last day for debt limit legislation to be introduced in the House if the US wants to avoid defaulting on Aug. 2. As we wait to see if lawmakers make the deadline, Uri Friedman, writing in in the Atlantic Wire, looks at all the deadlines...

Stocks Fall on Debt Fears

Jul 25, 2011 9:19 AM CDT

Stocks Fall on Debt Fears

Dow was down 101 points at open

(Newser) - Stocks are falling after congressional leaders failed to agree on a deal to raise the nation's debt limit to avoid default. At the opening bell today, the Dow Jones industrial average fell 101 points, or 0.8%, to 12,575. The Standard & Poor's 500 was down 12,...

All Hope Lost for Debt Deal?

Jul 25, 2011 7:59 AM CDT

All Hope Lost for Debt Deal?

Boehner believes proposal must hit House today

(Newser) - We may very well be at zero hour: John Boehner has privately told Republicans that in order to get a debt ceiling measure signed by President Obama by the Aug. 2 deadline, it must be introduced in the House today. But despite the increasing likeliness of a US default, Politico...

US Debt
Spooking
World Markets

Jul 25, 2011 2:19 AM CDT

US Debt Spooking World Markets

British MP calls American default 'next big iceberg' for economy

(Newser) - With America's $14.3 billion potential default just nine days away, markets are growing increasingly spooked by the rising danger, reports the Telegraph . “We may have a few stressful days coming up—stressful for the markets of the world and the American people,” says White House chief...

Boehner: Details
of New Proposal
Tomorrow

DEBT CEILING SHOWDOWN

Jul 24, 2011 4:42 PM CDT

Boehner: Details of New Proposal Tomorrow

Conference call yields few clues to new proposal

(Newser) - If you were waiting with bated breath for John Boehner to announce a new deal framework today in an effort to avert panic in the Asian markets and stop the US from defaulting ... tough luck. Boehner spoke with House Republicans on a conference call this afternoon, and word is the...

Boehner:
2-Step Deal
the Only Choice

TALK SHOW ROUNDUP

Jul 24, 2011 10:51 AM CDT

Boehner: 2-Step Deal the Only Choice

(Newser) - John Boehner was a late addition to Fox News Sunday today, and painted a two-step deal as the only alternative left. "It's not physically possible to do all of this in one step," Boehner told Chris Wallace, advocating a short-term fix through early next year; President Obama...

'Corrosive' Partisanship
Drives DC's Gridlock

OPINION

Jul 24, 2011 9:27 AM CDT

'Corrosive' Partisanship Drives DC's Gridlock

Divided government requires compromise, critic opines

(Newser) - Washington's hyper-partisan gridlock is far worse than the usual political squabbling; in fact, this political breakdown "could be as corrosive to the political system as the possible financial default looming could be to the economy," writes Dan Balz in the Washington Post . Voters have chosen divided government...

Boehner:
I'll Lay Out
My Plan
Tomorrow

Jul 23, 2011 4:09 PM CDT

Boehner: I'll Lay Out My Plan Tomorrow

House speaker wants to avoid spooking Asian markets

(Newser) - John Boehner was nice enough to wait until after the US markets closed on Friday to announce he was bailing on the latest debt ceiling talks. And now he's got some different markets to worry about—the ones in Asia. As a result, the House speaker promised today to...

Congress, You Have
3 Options Left

ezra klein

Jul 23, 2011 10:37 AM CDT

Congress, You Have 3 Options Left

Ezra Klein: And it's time to pick one

(Newser) - As President Obama meets this morning with congressional leaders on the debt ceiling, one number matters most of all: Eleven. As in, the number of days until the government defaults, writes Ezra Klein in the Washington Post . With crunch time here, Klein sees three options left, and he says Congress...

Obama-
Boehner:
Breakup of
the Summer

Jul 23, 2011 9:17 AM CDT

Obama- Boehner: Breakup of the Summer

President lets loose with 'primal scream' as the bromance ends

(Newser) - "No drama Obama" was nowhere in sight last night as debt ceiling talks broke down and John Boehner left the building. The president's heated half-hour presser—in which he lambasted Republicans' "seeming inability to arrive at any kind of position that compromises any of their ideological preferences"...

Debt Talks
Collapse,
Again

Jul 22, 2011 5:13 PM CDT

Debt Talks Collapse, Again

John Boehner drops out of negotiations with White House

(Newser) - So much for that "grand bargain." The debt talks between John Boehner and President Obama have collapsed yet again, with each side blaming the other, reports the Washington Post . What now? Obama summoned the leaders of both parties to the White House tomorrow morning to find a way...

Senate Kills House
'Cut, Cap, and Balance' Bill

Jul 22, 2011 11:56 AM CDT

Senate Kills House 'Cut, Cap, and Balance' Bill

As for larger deal: 'We're working on it,' says Obama

(Newser) - As expected, the Senate today blocked a House Republican bill to require Congress to slash spending and pass a balanced-budget amendment before raising the nation's borrowing powers. The Senate defeated the Tea-Party-backed "cut, cap, and balance" measure by a vote of 51-46. The defeat comes against the backdrop...

Boehner
to House:
Pass Deal by
Wednesday

Jul 22, 2011 11:32 AM CDT

Boehner to House: Pass Deal by Wednesday

Even though 'there is no deal' yet

(Newser) - The House must move to raise the debt ceiling by Wednesday, John Boehner told a closed House GOP meeting. First, of course, a deal must be struck, and as yet, “there is no deal. There is no agreement in private,” Boehner told the press, and leaders aren’t...

Still No Debt Deal—and Now Dems Miffed at Obama

Jul 22, 2011 7:52 AM CDT

Still No Debt Deal—and Now Dems Miffed at Obama

Democrats worry Obama making too many concessions

(Newser) - Sam and Diane. Ross and Rachel. And now the latest "will-they-or-won't-they?" couple seems to be President Obama and House Speaker John Boehner. After speculation renewed yesterday that they were working on a deal, the New York Times maintains a deal is close, while the USA Today says both...