NEW YORK, May 23 (Reuters) - Another showdown between Republicans in Congress and President Barack Obama over debt could be in the making, and some investors are already taking steps to prepare for...
BALTIMORE, May 17 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Thursday that raising the debt ceiling did not have to be a crisis as it was last year when partisan bickering over how...
WASHINGTON, May 17 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Thursday that raising the debt ceiling did not have to be a crisis, as it was last year when partisan bickering over...
WASHINGTON, May 16 (Reuters) - If Republican and Democratic leaders want to avoid a reprise of last year's nasty showdown over raising the federal debt limit , they are not off to a good start.
WASHINGTON, May 16 (Reuters) - It is too early for Congress to discuss raising U.S. borrowing authority as Congress must first weigh the future of tax cuts that expire at year's end and automatic...
WASHINGTON, May 16 (Reuters) - Democrats and Republicans are on another collision course over increasing U.S. borrowing authority as President Barack Obama told Republicans on Wednesday that he does...
… Barack Obama told top lawmakers on Wednesday he was ready to work with Republicans and Democrats on a "balanced" approach to deficit-cutting but would not permit another down-to-the-wire debt ceiling crisis, the White House said.
… the end of this year, Goldman Sachs says. The chances of a worst-case "fiscal cliff" scenario are 35%, the firm says; more likely is Congress temporarily raising the debt limit and postponing tough decisions until 2013. 1 comment!
* Top Republican wants $1 in cuts for $1 added borrowing authority
* Re-run of 2011 debt limit , spending cut fight shaping up