Sentences with phrase «federal debt ceiling»

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.
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 September, Trump will face deadlines to raise the federal debt ceiling and pass a spending bill possibly tied to his campaign promise to build a wall along the U.S. - Mexico border; make his first big push for tax cuts; and oversee a potentially historic disaster recovery in Texas and Louisiana.
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 %.
In the middle of a showdown over the federal debt ceiling, Standard and Poor's downgraded the U.S. credit rating for the first time, from AAA to AA + with a negative outlook.
Government obligations and deficits have continued to escalate, pushing the federal debt ceiling higher and higher.
House Speaker John Boehner only mustered 28 Republican votes yesterday to extend the federal debt ceiling, without any accompanying demands for spending cuts.
(CNN)- President Barack Obama's chief re-election strategist on Sunday blamed Standard & Poor's downgrade of the United States» credit rating on tea party conservatives who made raising the federal debt ceiling a political issue.
She promoted her support for gun rights, said she opposed same - sex marriage and vowed never to vote to raise the federal debt ceiling.
Washington (CNN)- Two days before the deadline for a possible U.S. government default, President Barack Obama and congressional leaders reached agreement Sunday on a legislative package that would extend the federal debt ceiling while cutting spending and guaranteeing further deficit - reduction steps.
(CNN)- Two days before the deadline for a possible U.S. government default, President Barack Obama and congressional leaders reached agreement Sunday on a legislative package that would extend the federal debt ceiling while cutting spending and guaranteeing further deficit - reduction steps, Senate leaders announced.
Washington (CNN)- Vice President Joe Biden held another round of high - stakes budget talks with top congressional negotiators Tuesday - one day after House Republicans demanded trillions of dollars in new spending cuts as their price for agreeing to raise the federal debt ceiling and avoid a potential economic catastrophe.
June 28, 2011 • The debate over whether to raise the federal debt ceiling is multifaceted — and often confusing.
June 30, 2011 • During President Obama news conference Wednesday, he urged lawmakers to act quickly on a deficit reduction plan, and to approve an increase in the federal debt ceiling.
Federal debt ceiling.
Analysts at First Data Corporation say that consumers began spending significantly more toward the end of the month, after the U.S. government was reopened and the impasse over the federal debt ceiling was temporarily resolved.
With Congress currently focused on funding the 2011 Fiscal Year (already now half over) and then increasing the federal debt ceiling, the main focus has been on what compromises can be made and which deals can be cut.
Both have said they want to move forward with tax reform before they go, and the fight over raising the federal debt ceiling, which is expected to be reached this fall, provides a possible trigger event for them and other lawmakers to come to agreement on big tax changes, said Birnbaum.
Practitioner confidence in the strength of the housing market sank in June, likely reflecting the slowing economy and buyer hesitancy while lawmakers in Congress debated the highly charged issue of raising the federal debt ceiling.
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