Content Tagged As debt_limit
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GOP official: House to vote to lift debt limit
January 18, 2013 1:04 PM
WASHINGTON (AP) - A Republican official says the GOP-controlled House will vote next week to permit the government to borrow more money to meets its obligations. Full details aren't settled yet, but the move is aimed at giving the government about three more months of borrowing authority beyond a deadline... more » -
Huntsman praises House for debt vote, dings rivals
July 29, 2011 9:33 PM
WASHINGTON (AP) - Presidential contender Jon Huntsman is praising his Republican Party's House members who hours earlier passed a hike to the nation's debt limit and says he alone among the White House field supported the plan. Huntsman used a speech to a national College Republicans gathering late Friday... more » -
Tea party debt plan takes center stage
July 18, 2011 12:13 AM
WASHINGTON (AP) - The next step in the wrangling over how to increase the government borrowing authority is to let the tea party forces in the House try it their way. A Republican plan known as "cut, cap and balance" is set for a House vote on Tuesday. It... more » -
McConnell: Debt-ceiling deal may be for short-term
June 19, 2011 3:55 PM
WASHINGTON (AP) - The Senate's top Republican is suggesting a short-term increase in the nation's borrowing limit unless there's deal soon that includes changes to big entitlement programs. Economists and Obama administration officials are warning of a calamity if the government defaults on its obligations. The default deadline is... more » -
Treasury expects debt limit will be hit in December
November 4, 2009 11:07 AM
The Treasury Department expects to hit the government's debt limit in December, two months later than its initial estimate, after scaling back an emergency loan program as the financial crisis abated. Treasury Department officials say they're working closely with Congress to pass the legislation needed to boost the debt ceiling,... more »
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