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Tag Archives: debt ceiling

IMF warns US must not fail to raise debt ceiling

WASHINGTON — The International Monetary Fund chief warned the U.S. on Thursday that failure to raise the debt ceiling could do deep damage to both the American and global economies. Christine Lagarde, speaking at a news conference, told the U.S. ...

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Obama says talks OK after default threat averted

WASHINGTON — After weeks of gridlock, House Republicans floated broad hints Tuesday they might be willing to pass short-term legislation re-opening the government and averting a default in exchange for immediate talks with the Obama administration on reducing deficits and ...

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White House, GOP draw red lines in debt debate

WASHINGTON — Struggling for the upper hand in the next round of debt talks, Republicans and Democrats this weekend drew lines in the sand they said they’d never cross when it comes to the U.S. debt limit. The tough talk ...

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Poll: People divided on looming debt crisis

WASHINGTON — It might be time for another midnight ride by Paul Revere, this time warning "the creditors are coming." Americans seem not to have awakened to the fast-looming debt crisis that could summon a new recession, imperil their stock market investments and shatter faith in the world's most powerful economy.

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House to reject debt limit increase without cuts

WASHINGTON — The GOP-led House is poised to reject a bill Tuesday to increase the nation’s debt limit without the big spending cuts that Republicans are demanding. The move is intended as an embarrassing reminder to Democrats that increasing the government’s ability to borrow is tied to such reductions.

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