Specifically, Leader McConnell has laid out an elaborate plan to raise the debt limit.
WHITEHOUSE: President Obama��s News Conference on Deficit Reduction
The sad spectacle of waiting until the last minute to raise the debt limit.
FORBES: We Are At A Tipping Point For the Dollar And The Chinese Yuan
They will, presumably, strike a deal, raise the debt limit and avoid a Simpsons-worthy farce.
FORBES: Experts Agree: U.S. May Become A 'Simpsons' Episode And Need Platinum Coins Or IOUs
Senator Simpson, from the deficit commission, said something colorful about the fight to raise the debt limit.
Since 1960, Congress acted 78 times to raise the debt limit, with most of those times occurring under Republican presidencies.
But Obama today rejected suggestions that he could invoke the 14th Amendment to raise the debt limit on his own.
FORBES: Obama Vows Republicans Won't Collect 'Ransom' For Raising Debt Limit
The Majority Leader of the House has voted to raise the debt limit five times in his career in the House.
In 2011, Obama and Republicans could not agree on cutting the deficit enough to convince the House to raise the debt limit.
Obama said Tuesday that action to raise the debt limit had been essential but more and different steps were needed.
President Obama has said a vote in Congress on whether to raise the debt limit should be separate from the budget debate.
As Geithner noted in an earlier letter, the U.S. government has never failed to raise the debt limit in a timely fashion.
FORBES: Deja Vu, But No Disaster: U.S. Government Hits Debt Ceiling
The latest CBS News poll showed that only 24 percent of Americans said you should raise the debt limit to avoid an economic catastrophe.
WHITEHOUSE: President Obama��s News Conference on Deficit Reduction
Larry Summers, former U.S. Treasury Secretary, warned on TV that failing to raise the debt limit would be worse than the Lehman bankruptcy in 2008.
FORBES: Solve The Big Problems: Let The U.S. Government Default
One of the stranger ideas floating around is that the Administration should deal with the refusal to raise the debt limit by minting a trillion dollar platinum coin.
FORBES: Links 9 Jan: The Trillion Dollar Platinum Coin. Voters Aren't Stupid, You Know
And you need to take very seriously the need to raise the debt limit so that the full faith and credit of the United States government is maintained around the globe.
Though most investors think a last-minute deal to raise the debt limit will eventually emerge, the difficulty of reaching an agreement may leave a lasting impression on investor sentiment, some traders fear.
FORBES: Stocks Tumble Amid Stalemate In Washington On Debt Ceiling
Today, President Barack Obama says the sky will fall, interest will not be paid on the national debt and Social Security checks will not go out if Congress refuses to raise the debt limit.
What refusing to raise the debt limit will mean is that after the debt service is paid, Congress will have to get serious and make substantial cuts to other federal spending to avoid having to borrow money.
And that is why refusing to raise the debt limit still more, beyond 100% of what all of America even produces in a year, as President Obama wants to do, does not mean defaulting on the national debt.
FORBES: To Win The Debt-Ceiling Debate, We Must Discredit Obama's Debt Dishonesty
Every day that goes by with the government unable to borrow more money puts more pressure on the Congress simply to raise the debt limit to prevent the government from defaulting on the national debt or Social Security payments.
While a few weeks ago it was all but confirmed that it would be politically unviable for Bernanke to engage in further easing, analysts today, like Sozzi, are already expecting it. (Read Apocalyptic Bernanke: Raise The Debt Limit Or Else).
FORBES: Bernanke's Press Conference: Another Jackson Hole Moment?
Additionally, Congress should provide that when it next comes time to raise the debt limit, a super-majority vote of both Houses of Congress will be required to raise the debt ceiling by a percentage greater than the rate the economy is growing.
The President, while not presenting concrete proposals, has been quite clear on what he wants: to raise taxes on the top two percent, keep the Bush tax cuts for everyone else, offer only vague promises of future spending cuts, and gain the unprecedented authority to raise the debt limit without Congressional approval.
FORBES: President Obama's Legacy: $20 Trillion in Debt for 2016 Victor
The next pressure point comes this spring and summer, when Congress will have to raise the federal debt limit or else let the U.S. Treasury run out of cash to pay its bills.
We are very focused on the need to move with speed on taking a vote to raise the debt ceiling limit.
The White House will release its FY2012 budget next month, but the first real conflagration over spending will come in March, when Republicans try to force spending cuts in exchange for agreeing to raise the national debt limit.
Both Democrats and Republicans agreed to the sequester in 2011 as part of a bill to raise the US debt ceiling - the legal limit the government can borrow.
After we raise (or eliminate) the debt limit, we can return government securities to the trust fund in exchange for the IOUs.
We must raise the limit on our debt so that the government can continue, so that we can keep the 100, 000 troops safe in Afghanistan, so that the employees of the government can be paid, and a myriad of programs paid for by the US government.
FORBES: It's A Spending Problem; A Jobs Problem; A Debt Problem
应用推荐