Spending cuts in the new deal to slash the US deficit and raise the borrowing ceiling will not have much immediate effect on the economy — or the deficit itself, analysts said Monday. Heralded as a political success that averts the United States being forced to default on its debt,…
Twenty-two protesters were arrested Monday and charged with disruption of Congress after shouting chants against Speaker John Boehner from a House of Representatives gallery, according to the Washington Post. The protesters, including members of the National People’s Action, Vocal New York, and Community Voices Heard, unveiled a large black banner.…
WASHINGTON — The US Treasury said Monday that it will step up borrowing after the debt ceiling is raised, expected this week if a highly contentious legislation crafted over the weekend clears Congress. In its quarterly funding plans, the Treasury said it expected to issue $331 billion in net debt…
House Speaker John Boehner (R-OH) Monday will speak to reporters about the proposed deal to raise the nation’s debt ceiling. Update: This press conference has been postponed until 3:30 p.m. ET. Watch this live video from MSNBC. Visit msnbc.com for breaking news, world news, and news about the economy…
White House press secretary Jay Carney speaks to reporters about the proposed deal to raise the nation’s debt ceiling. Watch this live video from MSNBC. Visit msnbc.com for breaking news, world news, and news about the economy…
WASHINGTON (Reuters) – Republicans and Democrats are not close to a deal to raise the debt ceiling despite what Republican leaders may say, Senate Democratic Leader Harry Reid said on Saturday. “It’s fair to say that the engagement there is not in any meaningful way,” Reid said on the Senate…
The U.S. Senate convened Saturday to debate a bill to solve the country’s impending debt ceiling crisis. Only three days remain to pass a bill before the U.S. goes into default August 2. Embedded via MSNBC. Visit msnbc.com for breaking news, world news, and news about the economy…
Watch live as the U.S. House debates raising the nation’s debt ceiling. A vote is expected Friday night. Watch this live video from MSNBC. Visit msnbc.com for breaking news, world news, and news about the economy…
President Barack Obama on Friday warned the United States was “almost out of time” to agree a deal to raise the nation’s debt ceiling, insisting that a compromise was within reach. “This is not a situation where the two parties are miles apart,” Obama said in a White House statement,…