President Obama and lawmakers announced late Sunday that they had reached a deal
on the debt ceiling crisis, which still awaits full congressional approval today in order to meet the Aug. 2 deadline.
Bob Keefe of the National Resources Defense Council described it as an assault, «With Washington and the world focused
on the debt ceiling drama, hard - right House Republicans have launched the biggest congressional assault on the environment in history, attacking our fundamental environmental and public health protections in order to appease Tea Party ideologues and big business donors.»
Each half of that equation has been each parties argument in the debt ceiling debate: Republicans don't want to vote
on the debt ceiling unless it includes spending cuts, and Democrats don't want to discuss the issue unless there are tax increases.
I may hedge client accounts to account for the worst case scenario
on the debt ceiling.
Will the government's agreement
on the debt ceiling result in more people struggling with student loan debt?
Owens believes the impasse will continue as the deadline for Congress to vote
on the debt ceiling approaches.
Washington (CNN)- Senate Majority Leader Harry Reid, D - Nevada, said in a statement issued Sunday that he signed off
on a debt ceiling agreement reached with President Barack Obama and Republican leaders, pending approval from his Senate Democratic caucus.
In European terms it would be considered politically toxic, but across the Atlantic the movement dragged the Republican party to the right and served to almost scupper talks in Washington
on the debt ceiling — an event Standard and Poor's cited when reducing the country's credit rating.
Higgins said that it's important at this point that Trump is reaching out to Democrats — just as he did
on a debt ceiling and budget deal the president struck with Senate Minority Leader Charles E. Schumer, D - N.Y., and House Minority Leader Nancy Pelosi, D - Calif.
Even worse, Reed advocates a default
on the debt ceiling in a few weeks, which would cause major damage to our economy while threatening delivery of Social Security checks, Medicare payments and Veterans benefits.
Gibson and Rep. Tom Reed were the only two Republicans to vote «no»
on the debt ceiling bill, bucking House Speaker John Boehner in the process.
The debt ceiling is similar, but different in that one key way:
on the debt ceiling, while the Republicans have similar problems getting votes from both sides of their party at the same time, passing nothing is not an option.
Rep. Charlie Rangel
on the debt ceiling: «Our whole nation's fiscal system and the international community, which depends on that, would collapse... if they don't work it out.»
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 line.
That might point to compromise
on this debt ceiling thing — over which the president is cleverly disingenuous and the Republicans seem confused.
Treasury Secretary, Jack Lew tells Congress to act
on the Debt Ceiling soon.
On the debt ceiling, I believe that the Treasury, with extraordinary measures, will have enough wiggle room to fund the government at least through February.
«In the second half of 2012, the headlines will really be focused
on the debt ceiling and the Bush tax cuts,» Meyer said.
Momentum disappeared as Congress became fixated
on the debt ceiling and Obamacare.
So now the stakes are high, as The White House has refused to negotiate with the GOP
on a debt ceiling hike.
Putting up with a few shuttered federal agencies seems like an OK price to pay if it brings the extremists to the negotiating table in time for a compromise
on the debt ceiling.
... didn't do it so now we have a big deal with Dems holding them up (as usual)
on Debt Ceiling approval.
Instead, if I want to hear his latest thoughts
on debt ceilings, sequesters and Rob Ford I need to jump through the hoops of finding the show's Canadian license - holder, scan through the right episode (if I can find it) and then be entertained.
Not exact matches
«The Harvey relief would pass
on its own, and to use that as a vehicle to get people to vote for a
debt ceiling is not appropriate,» he said.
And only a few days ago all the world's eyes were focused
on the U.S.
debt ceiling.
With Congress dragging its feet
on raising the
debt ceiling, there are a lot of silly ideas making the rounds of cable TV networks, blogs — and the halls of Congress.
Conservatives don't want to raise the
debt ceiling without getting anything in return, but his caucus can't agree
on any type of compensation.
China's credit agency Dagong lowered its U.S. sovereign credit rating from A to A -
on Thursday, even after the
debt ceiling had been lifted.
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.
They want the government to make decisions
on a variety of issues, including the
debt ceiling, spending and taxes.
After pinching pennies to avoid a U.S. default
on debts in July, U.S. Treasury Secretary Tim Geithner now insists Uncle Sam will have to break its obligations to creditors in August unless the federal government's
debt ceiling is raised.
Does anyone think the current discussions
on raising the U.S. government's
debt ceiling will result in anything other than approval?
On the other hand, Yellen might decide to hold off scaling back the QE stimulus if the current government shutdown and debt - ceiling battle last long enough to take a sizable toll on the economy or end with a deal that entails more heavy - handed spending cut
On the other hand, Yellen might decide to hold off scaling back the QE stimulus if the current government shutdown and
debt -
ceiling battle last long enough to take a sizable toll
on the economy or end with a deal that entails more heavy - handed spending cut
on the economy or end with a deal that entails more heavy - handed spending cuts.
Growing concern over the
debt ceiling, America's broken job engine, Wall Street's thoughts
on Netflix, and more.
The Tea Party gets put
on ice: The Republicans have just had a humiliating year, full of self - inflicted wounds and infighting over the government shutdown and
debt ceiling impasse.
Despite a Republican split, the 316 - 90 vote
on Friday will send $ 15.25 billion to Texas and Louisiana, prevent a government shutdown, and lift the
debt ceiling for three months.
The Republican - led Congress has struggled immensely over the past eight months, and the party now faces further division as they return and urgently need to raise the
debt ceiling to avoid a government shutdown, pass an aid package for Hurricane Harvey — some of which is expected to be tied to the raise of the
debt ceiling — and now reach a decision
on DACA.
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.
On Sept. 5 of this year, the Dow dropped 234 points amid a series of potentially volatile political events, including the debate over raising the
debt ceiling, a possible government shutdown, and threats from Trump over trade policy with China.
The White House has given different takes
on how it believes the
debt ceiling should be addressed, but it recently has called
on Congress to raise the
debt ceiling.
DeMarco: It's not only the
debt ceiling; the continuing resolution
on the federal budget is set to expire
on December 8 as well, and there are some concerns about whether Congress will be able to avoid a government shutdown.
What's more, Fannie Mae is raising the
ceiling on debt - to - income ratios (DTI).
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.
Carson Block discussing the US
debt ceiling on Bloomberg Markets: European Close.
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.
«The Harvey relief would pass
on its own, and to use that as a vehicle to get people to vote for a
debt ceiling is not appropriate,» he said in an interview.
A lot of eyeballs are fixated
on March 15th, when the Treasury's $ 20 trillion
debt -
ceiling limit becomes law.
In the Spring of this year the Administration was proceeding
on the erroneous assumption that the
debt ceiling would be raised with the support of most Democrats and a few moderate Republicans.
To get the votes to extend the
debt ceiling, the Democrats will insist
on keeping the income and payroll tax cuts for the 99 % and the Republicans will want to keep the capital gains rate at 15 % so the Wall Street speculators will not be inconvenienced.