debt ceiling

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As Default Looms, Investors Scurry to Unload US Bonds

Banks steer clear of short-term US debt

(Newser) - Worried over the possibility of default, investors and banks aren't taking chances: They're selling off billions of dollars of US debt, the Wall Street Journal reports. Banks have cut their government debt holdings by some 50% in the past two weeks, New York's Federal Reserve says. Additionally,...

House to Buck Senate, Pass Own Bill
 Dems Lash Faltering 
 House GOP Bill 
UPDATED
Oct 15, 2013 11:27 AM CDT

Dems Lash Faltering House GOP Bill

Boehner says 'no decision has been made'

(Newser) - House Republicans don't look ready to fall in behind Harry Reid and Mitch McConnell's plan to end the shutdown, and Democrats are lining up to take a swing at their effort. The House leadership today proposed an alternative plan that would include extra changes to ObamaCare, including a...

Obama Postpones White House Crisis Meeting

It will be the first full-cast affair since Oct. 2

(Newser) - Stop us if you've heard this one before : President Barack Obama today scheduled a meeting with Congressional leaders at the White House, only to delay it to give Senate leaders more time to resolve the government's twin fiscal crises. A new day or time for the meeting wasn'...

DC Leaders Wait for Markets' Verdict on Shutdown

China calls for 'de-Americanized world '

(Newser) - As the government shutdown enters its third week, Senate leaders appear to be waiting for world financial markets to give them a jolt before they make a deal, the Washington Post reports. Harry Reid and Mitch McConnell had a conversation yesterday that Reid says left him "optimistic about the...

Rand Paul: Bad Idea to Blow Through Debt Ceiling
 Rand Paul: 
 Bad Idea to 
 Blow Through 
 Debt Ceiling 
TALK SHOW ROUNDUP
Oct 13, 2013 12:24 PM CDT

Rand Paul: Bad Idea to Blow Through Debt Ceiling

Meanwhile, Collins, Klobuchar see a deal by Thursday

(Newser) - The United States of America is exactly four days away from debt ceiling Armageddon, so politicians of all stripes crowded the Sunday talk show circuit to point fingers and wax poetically about what the other side might do better. Rand Paul led the way with the obvious, Politico reports, saying,...

Obama, GOP Senators Start to 'Jell' in Meeting

Is momentum shifting against House Republicans?

(Newser) - A ray of hope at the White House? Republican senators emerged from a nearly 2-hour meeting with President Obama today saying the two sides are closer to an agreement—or are at least listening to each other, Politico reports. What's more, the Washington Post reports that Obama talked by...

Shutdown Deal Near? Tone Still Hopeful

More meetings today amid signs of progress

(Newser) - So will the week end with a Capitol Hill deal to reopen the government and avoid a default, or at least set the stage for a weekend breakthrough? Signs of progress remain promising , but as Politico puts it, "there’s no one dancing in the West Wing end zone"...

Boehner: Let's Lift Debt Ceiling —for 6 Weeks

White House sounds cool to speaker's plan, wants gov't reopened

(Newser) - John Boehner moved to lop one head off of Washington's two-headed fiscal crisis today, announcing that House GOP leadership would agree to pass a short-term debt ceiling increase—while continuing to push for concessions from Democrats to end the government shutdown. "We can't fight on two fronts,...

Poll: Most People Against Raising Debt Ceiling

Voters as divided as Washington

(Newser) - The American people haven't been moved by all the dire warnings about the consequences of hitting the debt ceiling, a new Fox News poll suggests. Only 37% said they would vote to raise the debt ceiling if they were in Congress, compared to 58% who said they'd vote...

Obama Again Tells Boehner He Won't Negotiate

Reopen the government, raise the debt ceiling, and we'll talk, says president

(Newser) - This morning's installment of shutdown politics had a familiar ring to it: John Boehner insisted that the White House negotiate on both the shutdown and the debt ceiling, and President Obama insisted he would do no such thing, reports NBC News . In fact, Obama called the speaker personally after...

Dems Put Forward Debt Limit Measure

Senators fear White House edging toward negotiations

(Newser) - President Obama and Senate Democrats have put a long-term measure to raise the debt ceiling on the table. The legislation would boost the debt ceiling by $1 trillion, the Washington Post reports—though Dems say in order to avoid default, they might OK a short-term solution instead, even if it...

US Default Would 'Blow Lehman Out of the Water'

US has 23 times the debt

(Newser) - If you think we saw a global financial disaster with the collapse of Lehman five years ago, just wait and see what happens if the US government defaults on its debt, warn financial experts. Lehman was $517 billion in debt—the US owes $12 trillion. The unprecedented event would cripple...

Tom Coburn Doesn't Believe in the Debt Ceiling

Says threat of default is a 'rumor'

(Newser) - Sen. Tom Coburn says the US won't default on its debt if the debt ceiling isn't raised, because ... the debt ceiling doesn't exist. On CBS This Morning , the Oklahoma Republican dismissed the default as a "rumor" perpetrated by the media:
  • "The debt ceiling and the
...

Cruz: Tie Debt Ceiling to ObamaCare
 Cruz: Tie 
 Debt Ceiling 
 to ObamaCare 
TALK SHOW ROUNDUP
Oct 6, 2013 12:11 PM CDT

Cruz: Tie Debt Ceiling to ObamaCare

Also thinks GOP is 'winning the argument'

(Newser) - Ted Cruz today called for "ways to mitigate the harms from ObamaCare," and he's looking squarely at you, debt ceiling showdown: "The debt ceiling historically has been among the best leverage that Congress has to rein in the executive," he said today on State of ...

GOP Shifts Focus From ObamaCare to Broader Deal

Boehner seeks 'grand bargain' to reopen government, raise debt ceiling

(Newser) - As week one of the government shutdown comes to a close, you can pretty much scrap the idea that lawmakers will reach a deal to reopen it and then move on to the debt ceiling. It's clear that John Boehner has shifted strategy and now wants to negotiate one...

Obama to Wall Street: You Should Be Worried

President says he's 'exasperated' over shutdown

(Newser) - Wall Street has been relatively calm amid the government shutdown, maybe because these kinds of showdowns have become old hat between Republicans and the White House. But "I think this time's different," President Obama tells CNBC . In fact, he said he just warned business leaders who make...

Government Shutdown: No End in Sight

Dems shoot down GOP 'piecemeal' strategy

(Newser) - It's Day 2 of the government shutdown and it's starting to look like this could go on for a while. In contrast to other budget showdowns of recent years, there have been no serious negotiations between President Obama and John Boehner—and no sign that Joe Biden and...

Historic Call: Obama Talks With Iran's President

He also tells GOP to 'knock it off' in regard to the budget

(Newser) - President Obama went to the White House briefing room this afternoon to scold House Republicans—"knock it off, pass a budget, and move on"—but he made more news with a brief announcement beforehand: Obama revealed that he had spoken on the phone with Iran President Hasan Rouhani...

House GOP Mulls New Route to Avoiding Shutdown

ObamaCare fight could be tied to debt-limit measure instead

(Newser) - Now that the Senate has voted to open debate on a bill to fund the government, Harry Reid can remove its measures to defund ObamaCare before returning it to the House. But that doesn't mean the GOP is giving up on the fight. John Boehner could approve the bill,...

Lew: The Government Runs Out of Money in 3 Weeks

Jack Lew says we need a debt ceiling deal by Oct. 17

(Newser) - Treasury Secretary Jack Lew today for the first time offered a debt ceiling deadline—and it's pretty soon. In a letter to John Boehner, Lew said the government will be unable to pay its bills unless Congress passes a debt limit bump by Oct. 17. On that day, the...

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