Biden signs debt ceiling bill that pulls U.S. back from brink of default
With just two days to spare, President Joe Biden has signed legislation that lifts the nation's debt ceiling.
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With just two days to spare, President Joe Biden has signed legislation that lifts the nation's debt ceiling.
Even a short default could wipe out more than a million jobs, especially in parts of the U.S. that depend on federal spending.
"I respectfully urge Congress to act promptly to protect the full faith and credit of the United States," Yellen wrote to congressional leaders.
U.S. Sen. John Kerry is blaming Republicans' staunch opposition to taxes for the failure of a bipartisan congressional committee to come up with a deal to reduce the federal deficit by $1.2 trillion.
The debt "super committee" is officially throwing in the towel, announcing it could not reach a deal to cut the deficit. Jon Keller is at large with the failure's effect on Mass.
The nation's credit crisis is causing a lot of concern on Wall Street and in local communities concerned about their credit rating. Jon Keller is at large.
Senator Scott Brown Weighs In On The Debt Debate
Sen. John Kerry told reporters Friday that Democrats are ready to make concessions on safety net programs but some Republicans have refused to budge from their demand that no taxes, even on the nation's wealthiest, be part of that deal.
OK guys......while you're taking a look at the list of Republicans who think they ought to be President of the United States, including the forum tonight, a couple of things you may want to consider. I'm reasonably pleased with the list of contenders on the GOP side, but positively convinced that one of them should be President? I don't think so.
I scratch at my slowly graying temples these days and wonder, "Where in the Good Lord's name is this thing we call society heading?"
Congress will continue wrangling over the president's plan when they return to work on Capitol Hill. Jon Keller is at large.
Rep. Paul Ryan joins Dan to talk about the President's speech and how the President's rhetoric about debt/deficit reduction doesn't match his actions.
Billions, Trillions. The amounts of money being tossed around in Washington, D.C. these days are nothing short of staggering. Nadine of Beverly is...
