Category Archives: Borrowing

Who will Uncle Sam pay if there’s no debt deal?

By doris | Published: July 30, 2011

Full Story at news.Yahoo.com Come Aug. 3, just who will get paid? That’s the new worry coursing throughout Washington as the contentious debt ceiling negotiations hurtle towards Aug. 2, the deadline beyond which President Barack Obama has warned that the government risks running short of money to pay all of its bills. If the government [...]

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Obama to confer with Democratic leaders on debt

By doris | Published: July 24, 2011

Full Story at msnbc.com WASHINGTON — President Barack Obama will confer with Democratic congressional leaders at the White House Sunday night over the political stalemate that has prevented the government from raising the $14.3 trillion limit on its borrowing. News of that meeting came as House Speaker John Boehner was telling GOP members in a [...]

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Obama: ‘Nothing can be off-limits’ in budget

By doris | Published: July 4, 2011

Full Story at msnbc.com WASHINGTON — President Barack Obama said Saturday that “nothing can be off-limits” in the budget debate — even though Republicans have said tax increases are. The president said every tax break and federal program must come under scrutiny. With an Aug. 2 deadline looming to raise the government borrowing limit, the [...]

Also posted in Budget, Federal, Government, Presidental, Republican | Leave a comment