Topic: Timothy Geithner
The debt limit debate allows politicians to grandstand on fiscal responsibility. But the debt limit doesn't control how much America borrows. Congress does.
07/18/2011 10:17 am
With the deadline approaching, the House and Senate are going down two different paths in search of a deal to raise the debt ceiling. Here is a rundown of what they are considering.
07/15/2011 09:38 pm
How many ways are there to resolve the debt ceiling crisis? Negotiators meeting at the White House seem to hit one impasse after another, and frustration on both sides is mounting as an Aug. 2 deadline looms to avoid default on America’s debt obligations. Still, at least five options for handling the matter have been discussed in recent days and months. Other possible solutions may well emerge, but here’s the state of play on the options to date.
07/14/2011 05:11 pm
Senate Republican leader Mitch McConnell proposes a 'last choice option' that would allow President Obama to raise the national debt ceiling without GOP support.
07/12/2011 11:52 pm
Debt ceiling talks could result in a $4 trillion 'grand bargain,' or a smaller $2 trillion deal. Most economist say the bigger deal would be more helpful – and send a positive message to markets.
07/11/2011 06:25 pm
Congressional leaders meet with President Obama at the White House Sunday evening. The $4 trillion deficit-reduction package is off the table, so how much will they be able to accomplish?
07/10/2011 01:44 pm
Some economists suggest that the 14th Amendment renders the debt limit conversation moot (and maybe unconstitutional): the US must pay its debts. Period.
07/05/2011 02:29 pm
In deficit talks, Republicans insist on spending cuts, while Obama and Democrats want a 'balanced approach' that includes higher tax revenues. Political analysts say it's time for the president to make his case to the public.
06/29/2011 09:48 am
The protests have become the largest social movement in Greece since martial law in 1974. More than a pushback against austerity, they hint at broad skepticism toward Europe's leaders.
06/28/2011 10:19 am
The US is the only major economy where leaders talk openly about the potential of default. It's dangerous because financial markets would punish the US with high interest rates if traders believed the US would default.
06/23/2011 12:56 pm