Indiana's lawmakers explain their debt-limit votes
The Indianapolis Star Wed, 03 Aug 2011 05:15 AM PDT
Congressional delegation was split on whether to support the debt-ceiling bill: Sen. Richard Lugar, R-Ind.: Yes. "Though the bill isn't everything we wanted, it's still a victory for conservatives over President Obama's out-of-control spending and big-government policies. And we stopped his effort to increase taxes dead in its tracks." |
Obama seals US austerity bill, but markets anxious
Bangkok Post - Thailand's English news Wed, 03 Aug 2011 05:14 AM PDT
The US debt mountain undermined financial markets Wednesday despite President Barack Obama signing a major austerity bill which raises the borrowing ceiling and averts default. |
Obama task force hits Silicon Valley for job ideas
San Mateo Daily Journal Wed, 03 Aug 2011 05:13 AM PDT
PALO ALTO â€" Members of a presidential task force are scheduled to convene in Palo Alto to solicit ideas from Silicon Valley businesses on how the public and private sectors can team up to create jobs. |
U.S. avoids default, but partisan tax fight looms
The Indianapolis Star Wed, 03 Aug 2011 05:12 AM PDT
WASHINGTON -- Congress and President Barack Obama beat the deadline for raising the nation's debt ceiling by just a few hours Tuesday, but they hardly ended the clash over the size and reach of government. The next confrontation promises to be at least as contentious as the one they just finished. |
Analysts: AAA debt rating still isn't safe
The Indianapolis Star Wed, 03 Aug 2011 05:12 AM PDT
NEW YORK -- The U.S. averted a debt default Tuesday when President Barack Obama signed a bill raising the country's debt ceiling. But the debt deal might not be enough to maintain its coveted AAA debt rating, according to two credit rating agencies. |
Ryan Says GOP Called Obama's Bluff
Taegan Goddard's Political Wire Wed, 03 Aug 2011 05:12 AM PDT
In a Wall Street Journal op-ed, Rep. Paul Ryan (R-WI) accused President Obama of "bluffing" during the debt ceiling negotiations by threatening not to sign a bill without new revenues. He ended up doing just that. "Nevertheless, the president still hasn't shown us his cards. He still hasn't put forward a credible plan to tackle the threat of ever-rising spending and debt, and his evasiveness is ... |
Analysis: Obama Suffers Political Setback in Deal
FOX 8 Cleveland Wed, 03 Aug 2011 05:11 AM PDT
WASHINGTON (Reuters) - President Barack Obama suffered a defeat in the battle over raising the U.S. debt limit that may have repercussions for his efforts to restore growth to the U.S. economy and win re-election in 2012. |
Debt is a done deal, but peace truce already fades
Williamson Daily News Wed, 03 Aug 2011 05:06 AM PDT
DAVID ESPO, AP Special Correspondent WASHINGTON (AP) â€" With scant time to spare, President Barack Obama signed legislation Tuesday to avoid an unprecedented national default that he said would ha... |
The Presidential Planner: Obama’s Birthday Bash
ABC News Wed, 03 Aug 2011 05:06 AM PDT
ABC News' Mary Bruce (@marykbruce) Reports: Tomorrow President Obama turns the big 5-0. Today he will start the celebration a day early, marking the milestone with supporters at two fundraisers in Chicago. The president will travel to his hometown later... |
California's senators vote for debt deal despite reservations
The Salinas Californian Wed, 03 Aug 2011 05:05 AM PDT
WASHINGTON â€" California Sens. Barbara Boxer and Dianne Feinstein voted for the debt-ceiling agreement that cleared the Senate Tuesday by a 74-26 margin, clearing the way for President Barack Obama to sign it into law and prevent what many foresaw as a possible economic meltdown. |
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