(CNN) –Two weeks after the bruising standoff ended over government spending and the debt limit, the House and Senate this week are taking the final steps to formally allow the debt ceiling to rise.
As part of that agreement, each chamber has 15 days to vote on a “motion of disapproval” of President Barack Obama’s official request for a debt increase.
Washington (CNN) – The door the White House appears to have opened to a short-term debt ceiling increase may be a temporary way out of the standoff, a senior House Republican told CNN.
The Republicans may be willing to go for a short-term debt ceiling increase as long as the president agrees to use that time to negotiate, the source told CNN Chief Congressional Correspondent Dana Bash.
Washington (CNN) - The Senate's Democratic leadership is expected to offer a debt ceiling bill that would not include any of the policy changes or spending cuts demanded by Republicans, a Senate Democratic leadership aide told CNN.
Senate Majority Leader Harry Reid could file the bill as early as Tuesday, according to the aide.FULL STORY
(CNN) - While the White House vows it doesn't want to set a precedent negotiating policy proposals to be included in a debt ceiling increase — calling it extortion - there have been discussions in the past surrounding such a hike and Congress has attached other issues to raising the limit a number of times.
The House and Senate, in November 1989, agreed as part of a debt ceiling increase to repeal a tax rule approved three years earlier barring discrimination in employer-paid health insurance plans.
Washington (CNN) - Next up: the debt ceiling.
The White House continues to issue dire warnings about the economic consequences should Congress fail to raise the debt ceiling this month. President Barack Obama told Wall Street to be "concerned" and Treasury Secretary Jack Lew said Congress is "playing with fire."FULL STORY
Washington (CNN) - Democrats who lead the Senate are expected this week to take up a debt ceiling bill that would not include any policy changes or spending cuts demanded by Republicans, according to a Senate Democratic leadership aide.
Senate Majority Leader Reid could file the so-called "clean" debt ceiling bill as early as Monday, the aide said.
Washington (CNN) - Is it a glimmer of hope, or more rhetoric as the deadline for possible government default gets closer?
After weeks of near silence without any hint of a potential compromise between the Obama administration and congressional Republicans over raising the nation's debt ceiling, the White House may be offering some conciliatory language that could lead to a deal to prevent a potential default on October 17.FULL STORY
Updated 10/7/2013 at 1:08pm
Washington (CNN) - After weeks of near silence without any hint of a potential compromise between the Obama administration and Congressional Republicans over the thorny issue of raising the nation's debt ceiling, the White House may be offering some conciliatory language that could lead to a deal to prevent a potential default on Oct. 17.
As of last Friday, White House officials declined to specify any demand as to the length of a debt ceiling increase.
New York (CNNMoney) - If the United States were to get close to the debt ceiling deadline, or even go over it, the consequences would be unthinkable, warned U.S. Treasury Secretary Jack Lew.
In a series of TV interviews, Lew sounded alarm bells over the fast-approaching limit to the U.S. borrowing authority. With the deadline just over a week away, Lew blasted lawmakers for "playing with fire" by not raising the debt limit.FULL STORY
(CNN) - Sen. Ted Cruz of Texas linked raising the debt ceiling to funding the Affordable Care Act in an exclusive interview Sunday on CNN's "State of the Union” with Candy Crowley.
“The debt ceiling historically has been among the best leverage that Congress has to rein in the executive," Cruz said.