United States public debt
LOS ANGELES (AP) — ABC is apologizing for a segment of “Jimmy Kimmel Live” in which a child joked about killing Chinese people to help erase the U.S. debt. The boy’s unscripted comment came […]
LONDON (AP) — Three days from a deadline to increase the U.S. debt ceiling, investors remain focused on developments in Washington. Most think a deal will be reached in time and stock markets were holding […]
LONDON (AP) — Indications that a deal to increase the U.S. debt ceiling may be imminent shored up markets once again on Friday. Stocks have rallied over the past day or so amid signs that […]
NEW YORK (AP) — You can almost hear Wall Street exhaling. The Dow Jones industrial average soared more than 300 points Thursday after Republican leaders and President Barack Obama finally seemed willing to end a […]
WASHINGTON (AP) — House Speaker John Boehner says he is willing to negotiate budget issues with President Barack Obama without any conditions. The Ohio Republican told reporters Tuesday, quote, “I’m not drawing any lines in […]
WASHINGTON (AP) — House Democrats say President Barack Obama should consider invoking a little-known constitutional provision that they say gives him the power to raise the debt ceiling without going through Congress.
(AP) – There are several competing plans to avoid the “fiscal cliff,” a one-two combination of tax increases and automatic spending cuts. Here are some highlights of the plans.
The “fiscal cliff” is an economy-rattling combination of expiring tax cuts and major across-the-board spending reductions to the Pentagon and domestic programs. Here is a list of what the fiscal cliff includes.
WASHINGTON (AP) – House Speaker John Boehner says any deal to avert the so-called fiscal cliff should include lower tax rates, eliminating special interest loopholes and revising the tax code. Speaking to reporters Friday, the […]