President Barack Obama spoke with the Wall Street Journal’s CEO Council meeting of nearly 100 chief executives, reiterating that his administration is not “lavishly spending,” and the debt ceiling is more of just a “loaded gun” for politics.
Will Washington be the Grinch who stole Christmas?
In his weekly White House website address, President Obama talked about the dangers of not meeting the country’s financial commitments, raising the debt ceiling and ending the “Republican shutdown.”
The United States moved closer to the possibility of the first-ever default on the government’s debt Sunday as Speaker John Boehner adamantly ruled out a House vote on a straightforward bill to boost the borrowing authority without concessions from President Barack Obama.
Before speaking to members of the press regarding a potential government shutdown due to Senate infighting about the national budget, President Barack Obama began by discussing a phone conversation that he had with new Iranian President Hassan Rouhani.
In a blistering warning to congressional Republicans, President Barack Obama said it would be the “height of irresponsibility” for lawmakers to cause another economic crisis just five years after the collapse of the nation’s financial system.
Congress needs to raise the debt limit and take away the “cloud of uncertainty” about the nation’s ability to pay its bills, Treasury Secretary Jack Lew said in an interview broadcast Sunday.
House Republicans may seek a quick, short-term extension of the government’s debt limit, a move that would avoid an immediate default by the Treasury as the party seeks to maximize leverage in negotiations over spending cuts with President Barack Obama this spring, officials said Thursday.
With one month to go before we reach the fiscal cliff, Republicans are going to have to figure out how to do something serious for a change instead of grandstanding and avoiding specifics.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.