Content Tagged As ceiling

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  • Obama signs bill averting government default

    February 5, 2013 7:30 AM

    WASHINGTON - President Barack Obama has signed into law a bill raising the government's borrowing limit, averting a default and delaying the next clash over the nation's debt until later this year. The legislation temporarily suspends the $16.4 trillion limit on federal borrowing. Experts say that will allow the government... more »
  • House passes bill to defuse debt crisis

    January 23, 2013 12:29 PM

    WASHINGTON (AP) - The House has passed a bill to permit the government to borrow enough money to avoid a first avoid default for at least four months, defusing a crisis looming next month and setting the stage for a springtime debate over taxes, spending and the deficit. The House... more »
  • GOP moves to delay debt-ceiling showdown 3 months

    January 22, 2013 4:08 PM

    WASHINGTON - Republicans controlling the House are moving quickly to try to defuse a potential debt crisis. They're offering legislation to prevent a first-ever default on U.S. obligations for three months or more. The Republicans are giving up for now on trying to extract spending cuts from Democrats in return... more »
  • GOP official: House to vote on delaying debt limit

    January 18, 2013 12:04 PM

    WASHINGTON - A Republican official says the GOP-controlled House will vote next week to permit the government to borrow more money to meets its obligations. Full details aren't settled yet, but the move is aimed at giving the government about three more months of borrowing authority beyond a deadline expected... more »
  • US taps pension fund to avoid passing debt limit

    January 15, 2013 5:46 PM

    WASHINGTON - Treasury Secretary Timothy Geithner says the government has begun borrowing from the federal employee pension fund to keep operating without surpassing its debt limit. Geithner says in a letter to congressional leaders that the move will free up $156 billion in borrowing authority while Congress debates increasing the... more »
  • Geithner: Gov't could pass debt limit by mid-Feb.

    January 14, 2013 4:08 PM

    WASHINGTON - Treasury Secretary Timothy Geithner is telling congressional leaders that the U.S. government will exhaust its borrowing limit as soon as mid-February, earlier than expected. The government reached its $16.4 trillion borrowing limit on Dec. 31, but began using bookkeeping maneuvers to keep from surpassing it. In a letter... more »
  • Boehner: GOP will pass 'responsible' debt bill

    January 14, 2013 1:05 PM

    WASHINGTON - Speaker John Boehner says the GOP-controlled House will "do its job" and pass legislation to lift the nation's borrowing cap and keep the government running, but will insist that Democrats accept new spending controls. Boehner acknowledged Monday that failing to lift the so-called debt ceiling would have bad... more »
  • Obama: Debt limit increase can't be tied to spending cuts

    January 14, 2013 12:50 PM

    WASHINGTON - President Barack Obama is demanding that Congress quickly raise the nation's $16.4 trillion debt limit, telling reporters, "we are not a deadbeat nation." At a White House news conference less than a week before he takes the oath of office for a second term, Obama warned that if... more »
  • Leaky roof causing problems at Livingston Parish Courthouse

    July 24, 2012 5:40 PM

    LIVINGSTON- People working in the Livingston Parish Courthouse say heavy rains last week stressed the need for a new building. Water poured through the ceilings in several different offices. Judge Bob Morrison says it happened late in the afternoon when many people were leaving work. Morrison has led the... more »
  • 4-year-old Fires at Ceiling

    May 1, 2012 7:36 PM

    A 4-year-old playing with a gun at a pawn shop in Alaska fired a round into the ceiling. Police in Fairbanks say the child was in the shop with his dad and while the father was talking to a store employee, the toddler was playing with another employee's one-year-old. The... more »
  • Moody's backs US triple-A rating; outlook negative

    August 2, 2011 5:26 PM

    WASHINGTON - Moody's Investors Service says the United States will retain its triple-A bond rating following passage of legislation to boost the debt ceiling. But the rating agency says it is lowering the outlook for possible future changes to negative. Moody's says in a statement the bill signed into... more »
  • House votes to raise debt limit, cut spending

    August 1, 2011 6:35 PM

    WASHINGTON - The House has passed legislation designed to keep the government from defaulting on its debts. The measure also sets a course for reducing the federal deficit in the future. The Senate, where support is stronger, is expected to take up the bill on Tuesday, the deadline for... more »
  • House begins debate on debt limit compromise

    August 1, 2011 4:48 PM

    WASHINGTON - Congress has started debating the debt limit compromise negotiated by President Barack Obama and Republican leaders. The GOP-run House began considering the bill less than a day after the White House and top lawmakers reached agreement on a dispute that had locked them in deadlock for months.... more »
  • Small spending cuts to have little economic impact

    August 1, 2011 10:17 AM

    WASHINGTON - The first phase of a deal to raise the government's borrowing limit would pose little threat to the economy in the short term because almost none of the spending cuts would occur before 2014. Discretionary spending, which excludes Social Security, Medicare and Medicaid, would be cut by... more »
  • Moody's says US should retain top credit rating

    July 29, 2011 5:47 PM

    WASHINGTON - Moody's Investors Service says the United States should be able to keep its triple-A credit rating as long as Washington works out a deal that lets it continue to pay bondholders. The credit rating agency said late Friday that it thinks that even if the debt limit... more »
  • House approves GOP bill extending debt limit

    July 29, 2011 5:39 PM

    WASHINGTON - Republicans have muscled legislation to extend the government's borrowing authority and cutting spending through the House over solid Democratic opposition. The 218-210 vote sets up a confrontation with the Democratic-controlled Senate and President Barack Obama, who say the GOP-written measure will die in the Senate. They say... more »
  • Obama says multiple ways out of debt ceiling mess

    July 29, 2011 10:48 AM

    WASHINGTON - President Barack Obama says there are multiple ways to resolve the debt ceiling mess, but it has to be bipartisan and it has to happen fast. The president urged Democrats and Republicans in the Senate Friday to come together on a plan that can pass the House... more »
  • House postpones vote on GOP debt ceiling plan

    July 28, 2011 5:14 PM

    WASHINGTON - The U. S. House has delayed a vote on the GOP-backed plan to raise the debt ceiling before the government defaults on its loans Aug. 2. Rep. Bill Cassidy (R-La.) confirmed to News 2 that the vote had been delayed while Republicans did some last-minute "whipping" to... more »
  • Top bankers urge Obama, Congress to reach deal

    July 28, 2011 1:54 PM

    NEW YORK - The chief executives of the nation's largest financial institutions sent a letter to The White House and to members of the U.S. Congress, urging them come to an agreement this week to raise the nation's borrowing limit. A deal must be made by Aug. 2 to... more »
  • GOP rank and file moving behind Boehner debt plan

    July 27, 2011 10:56 AM

    WASHINGTON - House Republicans seem to be rallying behind Speaker John Boehner's plan for lifting the U.S. borrowing cap. Several Republicans said they were warming to Boehner's plan for linking about $1 trillion in budget cuts as the price for raising the debt limit - even though they would... more »
  • Phone lines, websites busy as people weigh in on debt limit

    July 26, 2011 2:12 PM

    WASHINGTON - President Barack Obama's appeal for Americans to let their lawmakers know how they feel about the debt limit debate may be having an impact. Congressional officials say the House switchboard is near capacity, and they're suggesting using backup numbers. Websites are also experiencing heavy traffic. But... more »
  • Boehner exits budget talks with Obama

    July 22, 2011 5:05 PM

    WASHINGTON - President Barack Obama is set to address reporters Friday evening, and a Democratic official says House Speaker John Boehner called Obama and said he was walking away from the talks. The Democratic official says Boehner was halting talks for a second time over an unwillingness to consider... more »
  • Obama still pushing for large deficit deal

    July 11, 2011 11:13 AM

    WASHINGTON - President Barack Obama says he will continue to push congressional lawmakers to reach the largest deal possible to cut government spending and raise the nation's borrowing limit. Obama says he knows his call for a large deal faces resistance. House Speaker John Boehner has said a smaller... more »
  • Obama: Don't use debt as a gun against Americans

    July 6, 2011 4:53 PM

    WASHINGTON - President Barack Obama says the debt ceiling should not "be used as a gun against the heads" of Americans to retain breaks for corporate jet owners or oil and gas companies. Answering questions posed to him on the social Networking site Twitter, the president cast the debate... more »

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