Content Tagged As debt_limit

11 months 1 week ago

GOP Senator says possible deal on debt limit

A Republican senator says she understands Senate leaders have reached an agreement to avoid a Treasury default and reopen the government after a 16-day partial shutdown. Sen. Kelly Ayotte of New Hampshire made her comments Wednesday as she walked into a meeting of Senate Republicans in leader Mitch McConnell's office....

3 years 3 months ago

McConnell: Debt-ceiling deal may be for short-term

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...

4 years 10 months ago

Treasury expects debt limit will be hit in December

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,...

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