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Obama Administration To Seek $12 Trillion Debt Ceiling Increase - Latest News

Obama sends warning shot to Republicans on debt-ceiling increase

President Obama on Saturday sent a cautionary note to GOP leaders ahead of the looming debt-ceiling debate, warning the Republicans ... the GOP won $2.1 trillion in spending reductions in exchange for ... read more

Obama Seeks to Reshape Debate Over Debt

He will call for reducing the nation’s deficit by $4 trillion in 12 years ... that Mr. Obama could try to decouple those arguments during his speech. In the minds of the White House advisers, the vote ... read more

Administration claims it's not divided over the debt ceiling

In negotiations over the debt limit with former President Barack Obama, then-House Speaker John Boehner sought future savings of a dollar for every dollar increase ... seeks spending cuts to go along ... read more

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White House Seeks $1.2T Hike in Debt Limit

(Newser) – The Obama administration ... $100 billion of its current limit by Friday. The debt limit is the amount the government can borrow to finance its operations, and the latest increase will boos... read more

The debt ceiling train wreck

When President Obama agreed to the package of budget cuts known as sequestration in exchange for a debt ceiling increase in 2011, it sent Maryland’s economy (and that of Virginia) into a tailspin. Eve... read more

House Rejects Bill to Raise Debt Limit

WASHINGTON -- House Republicans dealt defeat to their own proposal for a $2.4 trillion increase in the nation's debt limit Tuesday ... accused the GOP of political demagoguery, while the Obama adminis... read more

Senate approves $290B increase in debt limit

ADVERTISEMENT The Obama administration said the short-term increase was necessary because the federal debt was approaching its $12.1 trillion ceiling. The move will give ... Republican amendments that ... read more

White House without a plan to address debt ceiling

But Trump administration officials still have yet to resolve internal differences on the best strategy to increase the legal cap on government debt, which already exceeds $19.8 trillion ... and the Ob... read more

Treasury sees US debt nearing limit

WASHINGTON — The US debt will come within $100 billion of its ceiling on Friday, and the Treasury Department anticipates the Obama administration will begin steps to seek a $1.2 trillion increase in t... read more

Treasury makes first move to buy time under debt ceiling

Emergency cash maneuvers buy more time for the administration and Congress to negotiate an increase in ... In 2011, the Obama administration and Congress battled for months before raising the debt cei... read more

Debt To Me: Obama, Geithner Could Face 'Impossibly Difficult' August

Obama has suggested he is uncertain whether those checks would in fact be sent out on that date, in the absence of a deal on the $14.2 trillion debt ceiling ... a possibility that the Obama administra... read more

AP Sources: GOP weighs short-term debt limit hike

Obama has said he won't agree to sign a debt limit increase if conditions are attached. Republicans indicated several days ago they intended to seek spending cuts to reduce ... proposed a no-strings-a... read more

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