All Posts Tagged Tag: ‘Debt Ceiling’

U.S. Default Looms Still No Resolution

Central Bank officials have gathered to make contingency plans on how to sustain financial markets should the U.S. default on its debt. U.S. Federal Reserve Chairman, Ben Bernanke, hosted a lunch of counterparts on Oct.12 during the annual International Monetary Fund (IMF) meeting held in Washington D.C. A number of policy makers had the chance to discuss the threat of …

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Paul Ryan: Possible Dealstriker on Fiscal Crisis

Paul Ryan is stepping up to the proverbial plate in negotiations within the troubled government on the two impending crises in our great nation, according to Fox News. He is proposing a plan to increase federal debt that is tied largely to simplifying the tax code, to make enough changes to Medicare to offset cuts to domestic spending and defense …

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Jack Lew: US Treasury Secretary Threatens America with Debt Ceiling

In a brazen attempt to raise the already exploding US public debt, U.S. Treasury Secretary Jack Lew warned Congress on Wednesday that the government will spend all its borrowed cash by October 17th, and demanded trillions in new money to keep financing Washington DC’s insatiable appetite for debt. “The debt limit impasse that took place in 2011 caused significant harm …

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Debt Ceiling Debate Nears Deadline, Obama Gets Busy On Twitter

As the deadline to raise the debt ceiling fast approaches, the White House is using Twitter to rally support for what the call the “balanced approach.” In the simplest terms, this means an approach to tackle the national debt that both cuts spending and raises revenues through tax increases and/or elimination of tax breaks. House Republicans and the President (with …

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Obama, John Boehner Speeches Crash Congressional Websites

Last night, President Barack Obama and Speaker of the House John Boehner both delivered speeches outlining the state of negotiations surrounding the debt ceiling and the budget. And it appears that those speeches provoked people to flock to the websites of congresspeople is massive numbers. During his speech, Obama asked the American people to contact their members of congress and …

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