Sentences with phrase «debt ceiling by»

The federal government needed to raise the $ 14.3 trillion debt ceiling by an Aug. 2 deadline or risk defaulting on its debts, which would send interest rates soaring — and continuing to soar since a higher debt ceiling could devalue the U.S. dollar, analysts have said.

House Republican leaders scheduled a vote to raise the nation's debt ceiling by $ 2.4 trillion.

Today the House passed the bill increasing the debt ceiling by a vote of 285 - 144.

President Trump bucked his own party Wednesday and endorsed a Democratic deal to raise the debt ceiling by three months.

Not exact matches

The U.S. government will reach its borrowing limit, or debt ceiling, by Oct. 1.

Congress must act by Sept. 29 in order to raise the debt ceiling, a more contentious vote than the one for Harvey aid.

This year's winners incorporated the advent of the information age and developed models of how markets can also respond to day - to - day and minute - by - minute information, such as the minutiae involved in the current budget battle and debt - ceiling talks in Congress.

But while Amash's conservative record is strong, he has occassionally bucked his party, most notably by voting against Paul Ryan's budget and against the deal to raise the debt ceiling.

Reid's proposal would raise the debt ceiling enough so that it wouldn't have to be reconsidered until 2013, beyond the 2012 elections, as demanded by Obama.

While both plans would increase the debt ceiling, ratings agencies have said a short - term increase such as the one proposed by House Republicans may not be enough to protect the U.S. from a ratings downgrade.

Carney insisted that Aug. 2 is the drop - dead date for the Treasury's cash flow — «beyond that date we lose our capacity to borrow» — and expressed confidence that the debt ceiling would be raised by the deadline.

Perhaps he proposed both initiatives because he was appalled by the behavior of D.C. politicians in the summer scuffle over the debt ceiling and because he believes the public sector right now is incapable of microfinancing in the service of jobs creation.

And in October or November, according to the latest estimates by the Congressional Budget Office (CBO), the government will once again hit its self - imposed debt ceiling, a legislated limit on how much the country can borrow.

We've seen that before: The bill that averted a debt - ceiling crisis earlier this year — by temporarily suspending the borrowing limit — would have frozen Congressional pay if the House or Senate had failed to pass a budget by April 15 (lawmakers would have received their salaries anyway at the end of the current legislature).

There were, among others, the debt ceiling standoff - cum - rating downgrade of 2011 and the fiscal cliff scare of late 2012, followed by awfully - timed tax hikes and spending cuts earlier this year.

The contours of the deal that would re-open the U.S. government and lift the debt - ceiling keep changing by the hour.

The deal, which is still making its way through Congress after an eleventh hour push from party bigs, has three main components: It immediately raises the debt ceiling, includes around $ 2.1 trillion in spending cuts over the next 10 years, and creates a special Congressional committee to come up with long term deficit - reduction suggestions by this Thanksgiving.

Obama's jobs plan (speech transcript) has to win the approval of the same debt hawks in Washington who recently gave Standard & Poor's an excuse (read the press release here) to downgrade America's credit by threatening to not raise the nation's debt ceiling.

Conference Board officials speculated the drop may be a consequence of the debt - ceiling debate and the subsequent downgrade of America's credit rating by Standard & Poor's.

Limbaugh devoted a segment of his show today to slam Krugman and others that have begun to advocate the coin as a serious proposal to circumvent the debt ceiling if Congressional Republicans refuse to raise it by the «X date» that could come as soon as Feb. 15.

While a temporary compromise over the country's debt ceiling pushed that deadline back to at least August, the sequester — sweeping automatic spending cuts mandated by cliff legislation — could kick in as soon as March 1.

Further, according to BofA - Merrill's analyst team at a midyear press conference on Wednesday in New York, any positive budgetary effect of the tax increases would be overshadowed by the growing burden of the U.S. debt ceiling as spending and hiring decisions are put on hold and the election heightens partisanship.

The fund's economists also noted the adverse market reaction caused by the brinkmanship over the debt ceiling last year in a separate analysis of the global capital markets.

It is that «U.S. policymakers will prevent the drastic automatic tax increases and spending cutbacks (the fiscal cliff) implied by existing budget law, raise the federal debt ceiling in a timely manner, and make good progress toward a comprehensive plan to restore fiscal sustainability.»

In addition, the debt ceiling will need to be raised by the summer and longer - term fiscal challenges still need to be addressed in the upcoming U.S. budget.

And economists at Standard Chartered in New York wrote in a note e-mailed after the midnight deadline that although they expected an 11th - hour resolution to allow the debt ceiling to be raised on time by Oct. 17, political brinkmanship was likely to last until the last minute.

If the Republicans, who are holding out for concessions on the health care law — the Affordable Care Act — in exchange for a budget vote, back down or are blamed for a shutdown, they would have even less ability to push their wishes by refusing to raise the debt ceiling, analysts at DBS in Singapore wrote Tuesday.

And there is no shortage of potential catalysts to move this rally in precious metals, both gold and silver, beyond the skepticism phase: military intervention on North Korea, government shutdown as the debt ceiling is reached in September, further implications of Trump's collusion with Russia, and the beginning of balance sheet reduction later this year by the Fed, to name just a few.

«That sends all the wrong message: «Let's go ahead and increase the debt ceiling, and by the way, while we're doing it let's go ahead and spend another $ 15, $ 20 billion?»

By Gordon D. Giffin In the weeks leading up to the traditional August Congressional recess, the drama that played out in Washington over whether and how to raise the statutory federal debt ceiling at times reached crisis (if not comedic) proportions.

Additionally, the potential for another «fiscal cliff» that would have sapped sentiment was removed by the striking of a congressional deal in late October to raise the federal government's debt ceiling.

Despite this, many observers expected tapering to start in September 2013, and the fact it didn't was blamed on weak economic data and the fear of growth being slowed by the oncoming government shutdown and debt ceiling discussion.

First, the debt ceiling will expire around election time, so the government will face another shutdown and it will be politically brutal to assemble a majority in a lame duck session to raise it by the trillions that will be needed.

The stock market has not been at least 10 % below its peak since 2011, when a crisis spurred by Congress» inability to come to a compromise on the federal debt ceiling caused a plunge of over 10 %.

The debt ceiling refers to the maximum amount of money the United States Federal Government can borrow, and is set by law (created under the Second Liberty Bond Act of 1917).

The trigger would be the US Debt ceiling - which will need to be hiked by US Congress as we feel that in November or December 2015 - US Fed will be «out of funds».

Unlike regular currencies, since Bitcoin is not controlled by any government or bank, the raising of a debt ceiling and quantitative easing can not devalue Bitcoins.

As this chart from Bespoke Investment Group shows, each seeming challenge from the news cycle — the Mueller probe, the debt ceiling, the Fed tightening — was deflected by markets that were determined to push higher.

Foreign demand for Treasury debt is expected to stay strong this year, helped by a congressional agreement to avoid a fight over the U.S. debt ceiling until March 2015.

The sequester allowed the Republican leadership to back out of the debt ceiling fight while backbenchers could posture that they had cut spending by $ 1.2 trillion in some to - be-determined way.

That's doesn't include Obama's first year deficit budget, which was a carry over deficit from W's last year in office and was over by $ 1.3 Trillion and the debt ceiling was raised.

Because everyone knows that, rationally, Congress will vote to increase the debt ceiling in the last stage of the game, that affects how the earlier stages of the game are played: Congress votes for new programs, anticipating that funds for the new programs will be paid for by borrowing.

By the time Congress gets to a vote on the debt ceiling, the only option available to rational legislators» no matter how conservative or liberal» is to continue enabling the government shopaholic by increasing Uncle Sam's credit linBy the time Congress gets to a vote on the debt ceiling, the only option available to rational legislators» no matter how conservative or liberal» is to continue enabling the government shopaholic by increasing Uncle Sam's credit linby increasing Uncle Sam's credit line.

The debt ceiling fight didn't lower the consumer confidence, the rising inflationary pressures food and gas, the european debt crisis, the housing market crashing into a depression and the fact the job market is horrible (not being helped here by dodd / frank or obamacare) is whats driving the confidence down.

By a two - to - one majority, likely voters would have wanted their representative to vote debt ceiling deal.

The market, meanwhile, isn't helped by D.C. brinksmanship over the debt ceiling and the federal budget, DiNapoli said.

Particularly since by the time the three months are up, we will be getting into 2018 which is an election year — Democrats hope that they will do well in those elections, and if they do, it will be useful for them to not have the debt ceiling to worry about.

That's because it includes a debt ceiling extension and only three months» worth of government funding — a deal struck by President Donald Trump with House and Senate Democratic leaders.

However, Senator Schumer insists that, while the President and Democratic leaders have indeed come to terms regarding the debt ceiling, this is by no means a «trade - off.»

The deal that passed on Friday did the opposite by attaching an increase in the debt ceiling to more spending to keep the government open, as well as adding money for hurricane relief without making any spending cuts elsewhere.