debt ceiling

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After Dicey Vote, Senate Clears Hike in Debt Ceiling

Ted Cruz forces McConnell, other Republicans into tough spot

(Newser) - After a dramatic Senate tally in which top GOP leaders cast the crucial votes, legislation to allow the government to borrow money to pay its bills cleared Congress today for President Obama's signature. The Senate approved the measure by a near party-line 55-43 vote. All of those "aye"... More »

Inside the Very Awkward End to the Debt-Ceiling Wars

Boehner made his announcement, and no one clapped

(Newser) - John Boehner ended the debt ceiling wars yesterday, but his fellow Republicans didn't exactly throw him a parade. The Washington Post today has an excruciatingly awkward account of how Boehner broke the news to his caucus at a private breakfast yesterday morning. "Listen—we're going to move... More »

End of an Era? House GOP Skips Fight on Debt Cap

Republicans allow ceiling to increase without strings

(Newser) - House Republicans backed away from a battle over the government's debt cap today and permitted Democrats to drive quick passage of a measure to increase the government's borrowing cap without any concessions from the White House. The 221-201 vote came hours after Speaker John Boehner announced that his... More »

Boehner Calls No-Strings Vote on Debt Ceiling

Boehner drops plan for military pension rider

(Newser) - With the clock ticking, House Republicans ditched their last attempt to tie a policy rider to the debt ceiling today. John Boehner told fellow Republicans that he would instead bring a "clean" bill to the floor, raising the debt ceiling without conditions, the Wall Street Journal reports. Yesterday, Boehner... More »

Lew on Debt Ceiling Showdown: Never Again

'Cannot take a risk with the full faith and credit'

(Newser) - For lawmakers who might be getting used to last-minute debt ceiling showdowns, the country's Treasury secretary has a message: Not so fast, sunshine. "The message that we have to send going forward is that there was a turning point on Wednesday night and this won't happen again,... More »

The 7 Biggest Shutdown Losers

Hint: Most of them are Republicans

(Newser) - "There are no winners here," White House press secretary Jay Carney told reporters yesterday afternoon. This is because Jay Carney is not a political pundit who lives to declare winners in Washington dust-ups. But even taking Carney at his word about winners, there sure were a heck of... More »

It's Over: House Passes Senate-Backed Deal

Obama signs bill: We need to stop 'governing by crisis'

(Newser) - Federal workers, prepare to rejoin the morning commute. The Senate tonight passed its bill to end the government shutdown and raise the debt ceiling by a vote of 81-18, the AP reports; the House backed the bill 285-144, just hours before the Treasury would have lost its authority to borrow... More »

Senate Deal Announced

'This is far less than many of us had hoped for frankly,' McConnell says

(Newser) - Harry Reid and Mitch McConnell have reached a bipartisan deal to end the government shutdown and lift the debt ceiling, they announced in Senate floor speeches today. "This is far less than many of us had hoped for frankly," McConnell said. "But it's far better than... More »

Republicans, Get This Over With

'Wall Street Journal' doesn't think the GOP played this well

(Newser) - The Senate deal that should end the government shutdown and avoid a fiscal crisis isn't here a moment too soon for the Wall Street Journal . "Both sides are looking like losers," the paper's editors write in a scathing editorial today, but they heap most of their... More »

Senators Close to Deal, But Do They Have Time?

Cruz, allies may try delay tactics

(Newser) - With the collapse of the House's attempt to end the shutdown and avoid a government default, the Senate is having another crack at it, but it is far from certain that it will be able to pass anything before the Treasury's borrowing power expires tomorrow and the government... More »

More Chaos: House Punts, Senate Reopens Talks

Onus back on Reid, McConnell as Thursday deadline nears

(Newser) - Back to you, senators. House Republican efforts to pass legislation averting a Treasury default and ending a government shutdown collapsed tonight. Just hours after unveiling it, John Boehner and Republican leaders—apparently lacking votes from their own conservative rank-and-file—pulled the legislation. So now what? The Senate talks that were... More »

Fitch Puts US Credit Rating on 'Negative' Watch

Keeps it at AAA, but warns things might change because of debt ceiling

(Newser) - As lawmakers scramble to strike a last-minute deal that would allow the government to keep borrowing money, Fitch Ratings issued a shot across the bow this afternoon: It put the nation's AAA on a "negative" watch, reports MarketWatch , meaning a downgrade is possible unless things get resolved soon.... More »

As Default Looms, Investors Scurry to Unload US Bonds

Banks steer clear of short-term US debt

(Newser) - Worried over the possibility of default, investors and banks aren't taking chances: They're selling off billions of dollars of US debt, the Wall Street Journal reports. Banks have cut their government debt holdings by some 50% in the past two weeks, New York's Federal Reserve says. Additionally,... More »

Dems Lash Faltering House GOP Bill

Boehner says 'no decision has been made'

(Newser) - House Republicans don't look ready to fall in behind Harry Reid and Mitch McConnell's plan to end the shutdown, and Democrats are lining up to take a swing at their effort. The House leadership today proposed an alternative plan that would include extra changes to ObamaCare, including a... More »

Obama Postpones White House Crisis Meeting

It will be the first full-cast affair since Oct. 2

(Newser) - Stop us if you've heard this one before : President Barack Obama today scheduled a meeting with Congressional leaders at the White House, only to delay it to give Senate leaders more time to resolve the government's twin fiscal crises. A new day or time for the meeting wasn'... More »

DC Leaders Wait for Markets' Verdict on Shutdown

China calls for 'de-Americanized world '

(Newser) - As the government shutdown enters its third week, Senate leaders appear to be waiting for world financial markets to give them a jolt before they make a deal, the Washington Post reports. Harry Reid and Mitch McConnell had a conversation yesterday that Reid says left him "optimistic about the... More »

Rand Paul: Bad Idea to Blow Through Debt Ceiling

Meanwhile, Collins, Klobuchar see a deal by Thursday

(Newser) - The United States of America is exactly four days away from debt ceiling Armageddon, so politicians of all stripes crowded the Sunday talk show circuit to point fingers and wax poetically about what the other side might do better. Rand Paul led the way with the obvious, Politico reports, saying,... More »

Obama, GOP Senators Start to 'Jell' in Meeting

Is momentum shifting against House Republicans?

(Newser) - A ray of hope at the White House? Republican senators emerged from a nearly 2-hour meeting with President Obama today saying the two sides are closer to an agreement—or are at least listening to each other, Politico reports. What's more, the Washington Post reports that Obama talked by... More »

Shutdown Deal Near? Tone Still Hopeful

More meetings today amid signs of progress

(Newser) - So will the week end with a Capitol Hill deal to reopen the government and avoid a default, or at least set the stage for a weekend breakthrough? Signs of progress remain promising , but as Politico puts it, "there’s no one dancing in the West Wing end zone"... More »

Boehner: Let's Lift Debt Ceiling —for 6 Weeks

White House sounds cool to speaker's plan, wants gov't reopened

(Newser) - John Boehner moved to lop one head off of Washington's two-headed fiscal crisis today, announcing that House GOP leadership would agree to pass a short-term debt ceiling increase—while continuing to push for concessions from Democrats to end the government shutdown. "We can't fight on two fronts,... More »

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