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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 Administration Proposes Federal Budget

President Obama says budget would end crisis. From VOA Learning English, this is In The News. This week, the Obama administration ... in debt and deficit reduction talks with Republican Party lawmaker... 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

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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

White House without a plan to address debt ceiling

Mulvaney said he would like to see the debt ceiling raised in July. But Trump administration officials still have yet to resolve internal differences on the best strategy to increase the legal cap on ... read more

Senators in both parties balk at President Obama's plan for deficit panel

Key senators in both parties are resisting President ... forced to increase borrowing and the nation's debt has soared to levels not seen since World War II. Treasury officials expect to hit the curre... read more

Obama spotlights healthcare launch as Republicans try to block it

Other administration ... seek to gut the healthcare law as a condition for passing federal budget legislation to keep the government funded, they have threatened to do the same to a bill raising the b... read more

Government to reopen… for now

In addition to raising the debt limit, the proposal would give lawmakers a vote to disapprove the increase. Obama would have the right to veto their opposition, ensuring he would prevail. House and Se... read more

New ‘Gang of Six’ Deficit Plan Could Break the Deadlock

It also seeks to ... and the Obama administration are struggling to develop a debt-reduction plan that would persuade a hostile Congress to raise the legal limit on government borrowing. Unless Congre... 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

VA warns California in for-profit college dispute

HOUSE DEMS PASS DISASTER AID PACKAGE WITH MONEY FOR SCHOOLS: The House passed a bill on Wednesday evening that would provide $12.1 billion in disaster aid and reopen the government through Feb. 8. DEM... read more

The Daily 202: ‘I can relate.’ Trump struggles to show he feels your pain as the shutdown drags on.

When Clinton stopped at Chipotle during her road trip from New York to Iowa in 2015, CBS News posted a slide show with pictures of Barack Obama ... increase in fuel prices just before boarding a priva... read more

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