Tag: debt ceiling
Deadline looms for Super Committee action on federal deficit, budget (with video)
With a mandate to implement $1.2 trillion in budget cuts or new revenue by next Wednesday, signs are emerging that the Congressional Super Committee may try to punt its responsibility to other committees....
Defense Secretary Leon Panetta outlines possible budget cuts
In a conversation with The New York Times, Leon Panetta, the new defense secretary, described broad categories that he would like to cut in order to meet a Congressional mandate for $450 billion in cuts over 10 years....
Some Republicans open to idea of tax increases in deficit reduction deal
As the deadline nears for the debt reduction super committee to reach agreement on deficit reduction, some Republicans for the first time are allowing for the idea of using some tax increases to close the gap....
Tea Party's take on trimming the defense budget
The defense budget has become 'bloated' and shouldn't be 'off limits' to cuts say some Tea Party members....
S&P downgrades US credit rating to AA+
The US credit rating downgrade by S&P brought condemnation from government officials, and fears of market turmoil....
Debt deal leaves grad students with new loan costs
Federal loan subsidies for grad students will be abolished starting July next year....
Europe reacts to US debt deal
In Europe, some see the eleventh-hour package of spending cuts and tax hikes making up the US debt deal as too little, too late....
U.S. credit rating downgrade 'inevitable'
A bill to raise the federal debt ceiling goes to the Senate today, but analysts say the U.S. will still see a downgrade in its credit rating....
How debt deal impacts U.S. economic recovery
The current bipartisan plan to raise the debt ceiling would cut at least $2.4 trillion dollars in government spending....
The debt debates and the Republican party brand
The recent debt ceiling debate between Democrats and Republicans has invited dissident voices within the GOP, fracturing the party's image of solidarity. ...
JOIN PRI COMMUNITIES:
