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debt limit



Democrats will get another chance to re-litigate the fight over tax increases, with the scheduled expiration of the Bush tax cuts at the end of 2012.


Obama, Congressional leaders reach deal on debt limit, but left sees it as a victory for GOP

President Obama and congressional leaders announced a deal to raise the debt limit Sunday night, but the bill contained no new revenue and no stimulus measures, and was seen by the left as a victory for the GOP.


Rival debt plans aren’t so far apart, but brinkmanship continues

The rival plans proposed by Boehner and Reid actually have a lot in common. But the two sides are staring each other down, waiting for the other to cave.


As lawmakers push rival debt plans, only one person is still seeking compromise: Obama

A “grand bargain” would seem impossible at this point, but Obama is still pushing for one. Lawmakers in both parties meanwhile, planned votes on their rival debt plans.


Moody’s: You know what? Just scrap the debt limit altogether

The novel proposal suggests that rating agencies would rather the government meet its obligations to creditors than grapple over how much spending to slash.

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