debt ceiling

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Lew: The Government Runs Out of Money in 3 Weeks

Jack Lew says we need a debt ceiling deal by Oct. 17

(Newser) - Treasury Secretary Jack Lew today for the first time offered a debt ceiling deadline—and it's pretty soon. In a letter to John Boehner, Lew said the government will be unable to pay its bills unless Congress passes a debt limit bump by Oct. 17. On that day, the...

Government Shutdown? &#39;Bring It On&#39;
Government Shutdown? 'Bring It On'
OPINION
Sep 24, 2013 12:33 PM CDT

Government Shutdown? 'Bring It On'

Matthew Yglesias: A brief one gives us a chance to fix this mess now

(Newser) - We're less than a week away from a possible government shutdown , but it probably won't come to pass, writes Matthew Yglesias at Slate . The safe money right now says that Ted Cruz won't be able to fend off the inevitable result: Republicans will agree to yet another...

It's Shutdown Week, and Nobody Trusts Anybody

Your guide to the next round in Washington's endless fiscal wars

(Newser) - Washington has eight days left before the continuing resolution funding the government runs out, and this latest round of brinksmanship might be the worst yet, for a simple reason: None of the major players like or trust each other anymore, the Hill observes. Here are the relationships at play:
  • President
...

Boehner: Fund Government, Defund ObamaCare

Says House will vote on it; debt ceiling being drawn into drama as well

(Newser) - House Republicans have decided to make their latest game of political chicken all about ObamaCare. In a move Tea Party activists have been clamoring for, John Boehner told his caucus today that they would pass a bill to keep the government funded—but that it would defund ObamaCare. Eric Cantor...

Lew: US Will Hit Debt Ceiling in October

Warns Congress it must act 'as soon as possible' to raise limit

(Newser) - Treasury Secretary Jacob Lew has given Congress until mid-October to raise the debt ceiling. That's when he predicts the Treasury will run out of "extraordinary measures" to avoid going over the $16.7 trillion borrowing limit. In a letter to lawmakers today, Lew urged them to act "...

Lew: Do. Not. Mess. With. Debt Ceiling.
 Lew: Do. Not. 
 Mess. With. 
 Debt Ceiling. 
TALK SHOW ROUNDUP
Jul 28, 2013 1:30 PM CDT

Lew: Do. Not. Mess. With. Debt Ceiling.

Treasury sec fires warning shot, says Obama won't negotiate with Congress in fall

(Newser) - Jack Lew has stern words for Republicans looking to pick a new fight this fall over raising the debt ceiling: Don't even think about it. "Congress can't let us default," the Treasury secretary said today, adding that the White House has been "crystal clear" that...

Obama: In My Last 1,276 Days, Economy Is No. 1

President puts attention back on money matters, ahead of budget battles

(Newser) - President Obama gave the first of a series of speeches today intended to refocus attention on the economy, reports CNN . "America has fought its way back," he declared, but "we're not there yet." He hit familiar themes in his speech at Knox College in Illinois,...

Surprise, Surprise: Another Debt Ceiling Standoff Looms

Boehner talks tough ahead of president's speeches

(Newser) - See if this sounds familiar: The White House and House Republicans appear headed toward a standoff over the debt ceiling this fall, reports NBC News . That's after John Boehner's statement this morning: “We're not going to raise the debt ceiling without real cuts in spending. It'...

Treasury Pays Down Debt for First Time Since Dubya

Taxes, cuts give Treasury unexpected $35B

(Newser) - Spending cuts and tax hikes have boosted the federal government's finances enough to actually pay off some debt for the first time since George W. Bush was president. The Treasury Department, which predicted earlier this year that it would end the second quarter another $103 billion deeper in debt,...

Obama Seeking Grand Bargain by End of July

Come August, politics could make any deal impossible

(Newser) - The great quest for a grand bargain is on, and President Obama hopes to have a deficit-reduction deal by the end of July, reports the Hill . That's the word leaking out from Republican senators who attended a Wednesday night dinner with the president and are calling the meeting friendly...

Well Played, John Boehner: GOP Beats a Wise Retreat

Doyle McManus: House Republicans' move was 'unexpectedly impressive'

(Newser) - Democrats might be gloating about the decision by John Boehner and House Republicans to back off from the debt-ceiling fight, but Doyle McManus thinks they should be a little worried, too. Boehner, after all, engineered an "unexpectedly impressive" retreat: His lieutenants fell in line and the Tea Party contingent...

House Extends Debt Ceiling Until Mid-May

GOP initiative finds bipartisan support; Senate signals it will pass it

(Newser) - The House passed a bill today to permit the government to borrow enough money to avoid default for the next few months, setting the stage for a springtime debate over taxes, spending, and the deficit. The House passed the measure by a 285-144 vote, a bipartisan showing on an initiative...

House Dem Leaders: Vote 'No' on GOP Debt Plan

But GOP is confident it will pass anyway

(Newser) - The word of the day in the House is not "bipartisanship." Sources tell Politico that Democratic leaders will urge their fellow lawmakers in a caucus meeting this morning to vote against the GOP's proposal to suspend the debt ceiling until May 19. Their intention: force Republicans to...

Obama Won't Block House GOP's Debt Bump

Short-term fix expected to pass today

(Newser) - The next debt-ceiling battle looks set to be delayed until at least May. The White House says President Obama "would not oppose" the House GOP's plan to suspend the debt limit until May 19, reports the Washington Post . Senate Majority Leader Harry Reid has also backed the plan,...

Washington's Next Brawl: Senate's Budget Plan

Schumer: A 'great opportunity' for new revenues

(Newser) - So the fiscal cliff battle is over, and House Republicans look ready to approve a debt-ceiling increase through March. But taxes aren't out of the spotlight: Now, the stage is set for a tussle over Senate Democrats' budget blueprint, which Dems like Charles Schumer are calling "a great...

House to Vote on 3-Month Debt Ceiling Bump

But they'll demand that Senate pass budget in exchange

(Newser) - House Republicans have decided to vote on a bill to raise the debt ceiling for three months—provided the Senate agrees to pass a budget by the April 15 statutory deadline, John Boehner announced in his closing remarks for his caucus's three-day Williamsburg retreat. "Before there is any...

House GOP's New Idea: Short-Term Debt-Limit Boost

It would then shift focus to other deadlines

(Newser) - House Republicans are coming around to the idea of raising the debt ceiling—for a few months anyway. At a closed-door session at the caucus' annual Williamsburg, Va., retreat yesterday, Paul Ryan championed a plan to pass an extension of, say, one to three months, and shift the debate to...

Fact-Check Gives Obama 'Upside-Down Pinocchio'

Debt ceiling position a 'major flip-flop'

(Newser) - The Washington Post's "Pinocchio Rating" has become a fixture in politics, but it's pretty rare to see the iconic wooden liar standing backward and on his head. But you can see him that way today . In light of Obama's combative press conference yesterday, the paper decided...

White House to Federal Agencies: Get Ready for Cuts

Budget office tells agencies to prepare for upcoming 'sequester'

(Newser) - In anticipation of the $85 billion in automatic spending cuts (the " sequester ") that kick in March 1 unless Congress makes a budget deal to avert them, the White House budget office told federal agencies yesterday to "intensify" their preparations. The agencies were asked to think up...

No More Mr. &#39;Friendly Guy&#39; Obama
 No More Mr. 'Friendly Guy' Obama 
OPINION
Jan 15, 2013 12:23 PM CST

No More Mr. 'Friendly Guy' Obama

Gloves have come off, write Dana Milbank and John Podhoretz

(Newser) - Yesterday, President Obama described himself as "a pretty friendly guy," capable of getting along with Republicans. Which, Dana Milbank at the Washington Post muses, "might have been a touch more plausible if he hadn't spent the bulk of the previous hour demonstrating just how adversarial he...

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