Top bankers urge Obama, Congress to reach deal
Long Island Business News Thu, 28 Jul 2011 12:24 PM PDT
The chief executives of the largest U.S. financial institutions sent a letter to the White House and to members of the Congress, urging them come to an agreement this week to raise the nation’s borrowing limit. A deal must be made by Aug. 2 to avoid a default by the U.S. on its debt obligations. Bank of [...] |
As Default Looks More Likely, a Primer on Its Possible Consequences
It's Your Money Thu, 28 Jul 2011 12:20 PM PDT
A couple weeks ago, TIME Moneyland ran a piece about what could happen to regular Americans if the U.S. government defaults. At the time, most of us here thought an actual default was unlikely and that Congress and President Obama would find some solution to raise the debt ceiling. But with the Senate and the [...] |
U.S. POLITICS: For Harris, debt talks chained to budget caps
The Daily Times Thu, 28 Jul 2011 12:19 PM PDT
WASHINGTON, D.C. â€" With next Tuesday’s debt-default deadline looming like a dark cloud over Washington, President Barack Obama, Treasury Secretary Timothy Geithner as well as several rating agencies are urging Congress to raise the debt ceiling. |
Boehner: House debt plan is 'doable and signable'
Seattle Times Thu, 28 Jul 2011 12:12 PM PDT
House Speaker John Boehner says his plan mixing spending cuts in exchange for raising the nation's $14.3 trillion debt limit is not perfect but is as large a step that a divided government can take that's "doable and signable" by President Barack Obama. |
Tea Party Rep. Joe Walsh sued for $100,000 in child support
SouthtownStar Thu, 28 Jul 2011 12:10 PM PDT
Freshman U.S. Rep. Joe Walsh, a tax-bashing Tea Party champion who sharply lectures President Barack Obama and other Democrats on fiscal responsibility, owes more than $100,000 in child support to his ex-wife and three children, according to documents his ex-wife filed in their divorce case in December. “I won’t place one more dollar of debt upon the backs of my kids and grandkids unless we ... |
US House to vote on debt bill; default still looms
AP via Yahoo! News Thu, 28 Jul 2011 12:07 PM PDT
Conservatives in the Republican-dominated House began falling in line as it drove toward a critical vote Thursday on legislation that could avert an American default, but Senate Democrats and President Barack Obama vowed to block the measure because it would bring the controversial debt issue up again in the middle of next year's election season. |
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