CBO: Real debt ceiling deadline could hit in March
(CNNMoney) - The budget focus on Capitol Hill is whether lawmakers will do the bare minimum and agree on a spending level for this fiscal year before funding runs out on January 15.
But soon enough, they will have to turn their attention to raising the debt ceiling.
FULL STORY3 reasons not to celebrate the shutdown deal
(CNN) - It took more than two weeks, but Congress finally reached a shutdown-ending, debt ceiling-raising deal that satisfies both sides of the aisle.
Or maybe it doesn't. Who can tell in this flurry of gamesmanship and posturing?
FULL STORYIt's over, for now: Obama signs bill to end partial shutdown, hike debt ceiling
(CNN) - After all the bickering and grandstanding, the billions lost and trust squandered, it was much ado about nothing
The partial government shutdown's finally over. The debt ceiling debacle has been averted. Obamacare remains virtually unscathed.
FULL STORYBoehner urges House GOP to support Senate deal
Washinton (CNN) - Senate leaders on Wednesday announced a deal to end the partial government shutdown and avoid a possible U.S. default, and House Speaker John Boehner urged fellow Republicans to support it while a key GOP conservative said he wouldn't try to block it in the Senate.
"We fought the good fight; we just didn't win," Boehner told a radio station in his home state of Ohio in reference to GOP efforts to dismantle or defund President Barack Obama's signature health care reforms and extract deficit reduction concessions around the need to fund the government and raise the federal borrowing limit.
FULL STORYShutdown showdown Day 16: What you need to know
(CNN) - There’s a deal! After a whirlwind couple of days of political jockeying, Senate leaders announced the final terms of a bipartisan compromise to reopen the government and raise the debt limit.
Here’s what you need to know:
FULL POST
Republican senator wants Cruz to stay out of the way in debt vote
Washington (CNN) – Sen. Kelly Ayotte said Wednesday she hopes her Republican colleague Sen. Ted Cruz doesn't try to hold up a Senate vote to end the government shutdown and raise the debt limit before Thursday's deadline to avoid default.
"It's up to him. I would hope he wouldn't," the New Hampshire Republican said on CNN's "New Day." "Senators can cause to you run out the clock, but what's he trying to gain at this point? I would hope that whatever comes forward, that we would allow a vote on it as soon as possible."
FULL POST
More talks, but no deal yet as borrowing deadline looms
Washington (CNN) - The U.S. government taps out its credit cards at midnight, and there is no deal yet in Washington.
The wearyingly difficult process of trying to make a deal resumes Wednesday, as the government enters day 16 of the partial shutdown.
FULL STORY
Debt ceiling countdown: What happens next
New York (CNNMoney) - Thursday, October 17, is now just hours away.
And Congress still has not raised the country's debt ceiling.
At this point, there's a very good chance it won't make the Thursday deadline.
FULL STORYSteve King: 'I don't believe it's a hard break tomorrow'
Washington (CNN) – Republican Rep. Steve King said he doubts any vote in the House to end the government shutdown and raise the debt limit will include legislation he can support, and reiterated his stance that Thursday's deadline to avoid default is nothing more than a date "picked on a calendar."
In an interview on CNN's "New Day" Wednesday, King said conservatives must continue to dig in and insist that any deal include long-term entitlement reform and a balanced budget amendment to the Constitution, two requests that are highly unlikely to make it into any agreement.
FULL POST
First on CNN: House Dems target Republicans on eve of debt limit deadline
Washington (CNN) - As the House makes its next move in the ongoing fight to end the government shutdown and avoid a default, the House Democratic campaign arm will target Republicans in 60 districts on Wednesday, blaming them for a possible downgrading of the government's rating with a Wall Street bond-firm.
Rating agency Fitch on Tuesday warned of a downgrade of gold-plated U.S. bonds, citing "political brinkmanship" as the reason for the default risk.
FULL POST
From CNN Politics
- Warnock's seat comes into focus amid battle over voting laws and filibuster rules March 23, 2021 03:06 am
- White House aides prep $3 trillion jobs package for Biden March 23, 2021 02:30 am
- Biden administration continues to deny journalists access to border facilities March 23, 2021 02:28 am
- Arguing against statehood for DC, congressman says it has no car dealerships (it does) March 23, 2021 02:23 am
- Former Capitol riot prosecutor's comments on Trump alarm new no-drama Justice Department March 23, 2021 02:16 am
- Biden administration not confident Johnson & Johnson will meet 20 million goal by end of month March 23, 2021 01:52 am
Recent Comments