debt limit

In the event that a debt limit impasse were to lead to a default, it could have a catastrophic effect on not just financial markets but also on job creation...

(AP) — PresidentBarack Obama says he doesn’t expect Congress to breach the deadline to increase the nation’s borrowing limit. He says he’s willing to negotiate changes to his signature health care law and to find ways to reduce spending, but stresses he will not bargain until after Congress reopens the government and passed a new debt c ...