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


Obama to Seek $1.2 Trillion Increase in Debt Limit Dec. 30

The Obama administration will ask Congress to increase federal borrowing authority by $1.2 trillion as the nation approaches the debt limit set by law, according to a Treasury Department official. The ... read more

Obama to Ask for $1.2 Trillion Debt Ceiling Increase

The Obama administration plans to seek an increase ... a year after a debt ceiling debate cost the U.S. its stellar credit rating and brought government to a dead halt. The president plans to ask ... read more

Dems seek cover to boost debt limit

The House already approved a debt limit increase of $925 billion — above the $12.1 trillion ceiling Congress approved as part of the economic stimulus package last February — but Democrats may seek to ... read more

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Obama sends warning shot to Republicans on debt-ceiling increase

In the summer of 2011, the GOP won $2.1 trillion in spending reductions in exchange for a debt-ceiling increase ... Obama, meanwhile, says he also wants more spending cuts, just not as a part of the ... read more


Obama to Seek Third Debt Ceiling Increase Since Summer Deal

The Obama administration will ask Congress to raise the nation's borrowing limit by $1.2 trillion this week, marking the third and final increase from a deal negotiated over summer. Treasury officials ... read more

Still playing offense, White House seeks to rewrite debt ceiling rules

The Obama administration believes the White House should have the ability to raise the nation's debt ceiling unless Congress leaps a very high bar to block it. Currently, Congress must approve any ... read more

Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus

That figure is in line with what Obama has said is necessary to achieve long-term deficit reduction of $4 trillion over 10 years. The administration ... s borrowing limit unilaterally. Currently, ... read more

Should Obama just ignore the debt ceiling? These law professors think so.

If Congress failed to lift the debt ceiling by mid-October, President Obama ... a trillion-dollar platinum coin to fund the government. They instist they can't declare the debt ceiling ... read more

House nixes debt limit increase in symbolic vote

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 ... read more

Senate Dems Seek Trillion-Dollar Debt Limit Hike

The move may prove necessary since the federal government anticipates exceeding the current debt limit of $12.4 trillion as early as next month ... would vote against a permanent debt limit increase ... read more

Boehner Seeks Republican Unity on Debt-Ceiling Increase

Senate Democrats and Obama continued to reject those ideas, saying they pit agencies and interests against each other. Giving in now would only embolden Republicans to seek more concessions ... ... read more

Can President Obama keep paying Social Security benefits even if the debt ceiling is reached?

President Obama, June 30, 2011 The president’s language has evolved on whether $23 billion Social Security checks will get paid on Aug. 3, the day after the administration ... for one swap and the ... read more



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