debt ceiling « CBS DC

Federal Reserve Chairman Ben Bernanke holds a press conference following a Federal Open Market Committee meeting at the Federal Reserve Bank headquarters on Dec. 12, 2012 in Washington, D.C. (credit: Chip Somodevilla/Getty Images)

Bernanke: Approaching Debt Limit Is One Of ‘Critical Fiscal Watersheds’

Federal Reserve Chairman Ben Bernanke said Monday that it’s important that Congress raise America’s borrowing limit before the Treasury runs out of maneuvering room to avoid a potential default on U.S. debt.

2013/01/15

John Boehner, Republican of Ohio, holds up his gavel after being re-elected as Speaker of the House during the opening session of the 113th US House of Representatives at the US Capitol in Washington, D.C, on Jan. 3, 2013. (credit: SAUL LOEB/AFP/Getty Images)

Boehner: GOP-Controlled House Will ‘Do Its Job’

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.

2013/01/14

President Barack Obama holds a news conference in the East Room of the White House on Jan. 14, 2013 in Washington, D.C. (credit: Chip Somodevilla/Getty Images)

Obama: ‘Absurd’ Republicans Would Threaten to Let US Default

President Barack Obama says it is “absurd” that Republicans would threaten to let the United States default on its loans.

2013/01/14

Democratic Leader Nancy Pelosi, D-Calif., speaks to the media during her weekly news conference, on Jan. 4, 2013 in Washington, D.C. (credit: Mark Wilson/Getty Images)

Pelosi: I Would Use 14th Amendment To Automatically Raise Debt Ceiling

House Minority Leader Nancy Pelosi says she would use the 14th Amendment to automatically raise the debt ceiling if she were president.

2013/01/07

President Barack Obama enjoys a cup of shaved ice from Island Snow January 3, 2013 in Kailua, Hawaii. (Photo by Eugene Tanner/AFP/Getty Images)

Obama Urges Action On Debt Ceiling During Vacation

President Barack Obama is hailing a last-minute deal that avoids the fiscal cliff but says it’s just one step in a broader effort to boost the economy and shrink federal deficits.

2013/01/05

Grover Norquist (Credit: JIM WATSON/AFP/Getty Images)

Opinion: Grover Puts Himself Before Party And Country

Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.

2012/11/21