Sentences with phrase «us debt limit»

President Barack Obama is demanding a debt limit increase with no conditions attached.

Skirmishes with the debt limit have led to economic uncertainty and damage in the past.

In fact, it's closing in on a level last seen toward the end of 2012, when Congress stared down the fiscal cliff, refusing to authorize a new debt limit.

That fact is adding urgency to the task of electing cooperative Republicans — a need underscored last month when Cruz forced McConnell to scramble for votes on a deal to lift the debt limit.

And to do that, we need to make sure we raise the debt limit.

Without raising the debt limit, I'm not comfortable that we will get the money that we need this month to Texas to rebuild.»

So freezing the debt limit doesn't «take away the government's credit card.»

Among the more obvious lessons from this experience is that increased debt limits flexibility.

As we saw in the United States last year, when legal debt limits are approached, politicians invariably vote to raise them.

Washington and the nation are staring down an Aug. 2 deadline to raise the debt limit or face national default.

«The debt limit vote sucks,» he told his caucus.

«Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit,» he said.

«There are only two options to deal with the debt limit: Congress can pay its bills or they can fail to act and put the nation into default,» said Press Secretary Jay Carney.

Keep in mind that S&P downgraded the U.S. even if the government had already raised the debt limit.

In general, though, the Senate seems uncomfortable with the idea of pushing up the debt limit without addressing the government shutdown, which seems to be the latest House Republican strategy.

The agency has said it will consider a downgrade if Congress doesn't raise the debt limit in a «timely manner,» that is, several days before Oct. 17, when the Treasury has said it will run out of wiggle room.

The question here is whether the dollar would quickly climb back up once the debt limit is lifted.

Some of those drops have been the result of self - inflicted wounds, like the Congressional failure to raise the debt limit in 2011, which resulted in a downgrading of U.S. credit.

House Republicans have a proposal that would lift the statutory debt limit, but only until Nov. 22.

He added that he did not think the GOP would be any more likely to force a shutdown or debt limit crisis.

Republicans and some Wall Street analysts warn that Senate Majority Leader Harry Reid's decision to blow up the filibuster on presidential nominations will lead to an even darker period of partisan acrimony, throwing into question the ability of Congress to pass a bill to fund the government past January and raise the debt limit in February.

CNBC's John Harwood with a look at JP Morgan Chase CEO Jamie Dimon and today's speech at the US Chamber of Commerce event, where he criticized the extent of Dodd - Frank regulation and the possibility the U.S. may default on its debt by not raising the debt limit.

The White House is asking Congress for $ 7.8 billion in immediate aid, plus another $ 6.7 billion within weeks ahead of the House of Freedom caucus, Mark Meadows, says he does not want to see that disaster aid tied to a bill to raise the debt limit.

And when that smoke alarm goes off, everyone agrees we need to raise the debt limit.

Why is it that 100 years ago America voluntarily decided to put a debt limit on ourselves?

I think that exploiting this hurricane of people who lost their house — houses to allow business as usual in Washington of getting an 18 month increase to our nation's debt limit passed, of continuing to spend money that we can't afford, that we don't have, makes absolutely no sense.

When the federal government is unable to set basic policies (or at least stick with them), approve a budget or even resolve to pay its bills by raising the debt limit, the nation's private sector leaders get worried.

However, the acquisition debt limit is grandfathered for loans taken out prior to December 15, 2017 (including those under a binding contract) so current homeowners may salvage a higher deduction.

The committees of jurisdiction would produce policies to achieve mandatory offsets that could accompany an increase in discretionary spending limits and the debt limit.

Reconciliation instructions for mandatory savings could facilitate an agreement dealing with sequestration and the debt limit through regular order.

If you have bad credit and want to increase your debt limits to improve your score, get a secured credit card.

We saw an increase in the supply of Treasury bills after lawmakers pushed the debt limit into next year.

Monetarist models deny that any practical debt limit exists.

It's reached its debt limit.

White House and congressional leaders have not yet made final decisions about the amount of funding, or whether to link it to extensions of the debt limit or of broader government spending, and conversations remained fluid Thursday evening.

China is probably still a few years away from reaching its debt limits, but the more debt grows, the lower the country's growth rate average will be over the long term.

Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified Rollovers Permitted: Two (renewals) Cooling - off Period: Repayment Plan: Yes (Up to 6 months; no extra fees; must pay 5 % of balance due when plan signed.)

Meadows said Thursday he would like a measure that would index the debt limit to growth in the economy; another conservative leader, Rep. Mark Walker (N.C.) of the Republican Study Committee, said this week that he would support efforts to constrain Medicaid spending.

The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savings.

[246] On August 2, 2011, after a lengthy congressional debate over whether to raise the nation's debt limit, Obama signed the bipartisan Budget Control Act of 2011.

As Congress prepares for war over raising the debt limit, the Treasury market's self - regulatory body is working to lessen the potential market impact.

According to sources, Republicans pushed for an 18 - month debt limit extension before floating six months.

Tying the debt limit increase to a Harvey bill is intended to ease early passage of a debt limit increase and avoid a potential stand - off over what could potentially escalate into a technical default — the outcome that is violently spooking the Bill market — and could rattle financial markets, one of the officials said.

Washington's inability to come to an agreement on the debt limit has many Americans asking how the country arrived at this point.

There were several possible catalysts suggested for this spike in concerns about a favorable outcome of the debt ceiling negotiation, which has to be concluded ahead of the Treasury's X Date, now expected as early as October 1: some cited Steven Mnuchin's interview on CNBC, in which the Treasury Secretary said that the additional spending needed to help Texas recover from Hurricane Harvey may reduce the amount of time Congress has to increase the federal debt limit; another possibility was month - end liquidity needs and relative positioning across the curve.

But the impasse in Washington over the government's deficit and $ 14.3 trillion debt limit has led some global financial players to expect the change.

In other words, yet another can kicking, one which would likely push back the debt limit debate to some time in December.

According to Bloomberg sources, «the White House would like to extend the debt limit long enough to move back the threat of a U.S. default until after Congress can deal with funding for the full federal fiscal year and tax legislation the Trump administration backs.»

It ignores objections from House conservatives who are insisting that disaster money for Harvey should not be paired with the debt limit increase.

For GOP lawmakers who support a straightforward increase in the debt limit, pairing it with Harvey money makes the unpopular vote easier to cast.