Debt Ceiling
With the debt ceiling crisis now averted, at least for the moment, President Obama took the opportunity to urge Congress to pass immigration reform into law.
The last few weeks of partisan politics and the 16-day government shutdown may surprisingly give leeway for immigration reform to reemerge as an issue in the national discourse.
Time is running out as the deadline for congress to raise the U.S. debt ceiling to avert a national default is less than 24 hours away. However, there's good news as inside sources on Capitol Hill say that a bipartisan bill to raise the nation's $16.7 trillion debt limit has been reached in the Senate.
The deadline for congress to raise the $16.7 trillion debt ceiling is less than 48 hours away, and yet, the federal government remains shut down while congress remains deadlocked over partisan politics.
In wake of the looming U.S. debt ceiling crisis, which threatens to stir up a global economic disaster, China is calling for the creation of a new international reserve currency to replace the present reliance on U.S. dollars as well for as steps to create a "de-Americanized world."
Because the U.S. government has been shut down for four straight days without an end in sight, there is a growing concern that the stalemate in congress will merge into a much more complex fight in mid-October over raising the federal debt ceiling.
In a reprise of a standoff between President Obama and House Republicans from 2011, the debt ceiling is coming up for political debate in Washington again, and once again the consequences could be dire
President Obama gives the 2013 State of the Union address on Tuesday night, his first since his resounding victory in last year’s presidential election. What will he say?
The House GOP avoided a fight over the debt ceiling today, by passing a bill extending the country’ ability to pay its debts until mid-May.
Fitch Ratings warned that it would drop the top rating of the United States if the debt ceiling wasn’t raised in a deal between the White House and reluctant Republicans.
Compared to the House, lately, the Senate looks downright stately.
Newly reelected House Speaker John Boehner has his hands full getting his caucus back into line, but he’s not setting a very good example.
The White House may be eyeing new compromises, now that an interim fiscal cliff deal has been reached with House Republicans.
