Mass. Braces For Effects Of Possible Default As Debt Ceiling Looms
With time running out, the inaction in Washington, DC is on the minds of people across the country, including here in Massachusetts.
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With time running out, the inaction in Washington, DC is on the minds of people across the country, including here in Massachusetts.
Senator Scott Brown Weighs In On The Debt Debate
Soundbytes of the Week are selected by WBZ NewsRadio 1030's Dave Mager.
Massachusetts officials are drafting emergency plans to keep paying the state's bills if the stalemate over the nation's borrowing limit drags past an Aug. 2 deadline.
Former Speaker of the House Newt Gingrich talks with NightSide Nation
Considering how dysfunctional Congress is, can we declare a vote of no confidence, dissolve the body and start over? - Bon, Sandwich
Noted Harvard economist Benjamin Friedman says if a deal on the debt ceiling isn't reached, the government would have to cut spending by a third and the easiest targets would be Social Security, Medicare and Defense.
As of August 2, the U.S. Congress loses the power to borrow money.
Sen. Kerry is blaming "a few ideological extremists" in the Republican Party for jeopardizing the nation's economy by refusing to negotiate a deal to raise the nation's debt limit ahead of an Aug. 2 deadline.
It was a shaky week on Wall Street as investors wondered whether Washington would allow the debt ceiling to come crashing down.
Amid the avalanche of increasingly strident political rhetoric coming out of the latest partisan fiasco in Washington, one line in particular seems to have really struck a chord with the public.
Political Editor Jon Keller explains why 3 in 4 Americans don't want to raise the debt ceiling, despite the possibility of dire consequences.
Lawmakers have until early August to come up with a plan before the country defaults on its loans. But, what will it take to get something done? Jon Keller is at large.
There's been quite a bit of talk about the debt ceiling these days. But do you know what it is and how it affects you?
