Tag: republicans debt ceiling

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    New House GOP Plan As Debt-Limit Deadline Nears

    (AP) — Time growing desperately short, House Republicans pushed for passage of legislation late Tuesday to prevent a threatened Treasury default, end a 15-day partial government shutdown and extricate divided government from its latest brush with a full political meltdown. The …

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    Obama: It’s Time To Tackle The Debt Ceiling

    (AP) — President Barack Obama is hailing a last-minute deal that avoids the so-called fiscal cliff but says it’s just one step in a broader effort to boost the economy and shrink federal deficits. Obama said in his radio and Internet address Saturday that the new law – approved by Congress on New Year’s Day and signed Thursday – raises taxe …