United States public debt

Jimmy Kimmel on "Jimmy Kimmel Live." (AP Photo/ABC, Randy Holmes, File)

ABC apologizes for child’s joke on Kimmel’s show

  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 […]

10/28/2013

Trader Sean Spain works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Markets steady as debt ceiling deadline looms

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 […]

10/14/2013

Specialist Jason Notter, left, and trader Edward Curran work on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

US debt ceiling hopes shore up markets again

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 […]

10/11/2013

Trader Kevin Lodewick, right, works on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

Wall Street exhales as threat of US default eases

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 […]

10/10/2013

Speaker of the House John Boehner, R-Ohio, and House Republican leaders emerge from a closed-door strategy session at the Capitol, Wednesday, Sept. 18, 2013.  (AP Photo/J. Scott Applewhite)

Boehner says no ‘lines in the sand’ on debt limit

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 […]

10/08/2013

Vermont Rep. Peter Welch

House Dems say president can raise debt ceiling

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.

01/09/2013

Fiscal cliff

Comparison of ‘fiscal cliff’ plans

(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.

12/19/2012

Fiscal Cliff

Highlights of the approaching ‘fiscal cliff’

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.

12/02/2012

Boehner says debt limit should be part of talks

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 […]

11/09/2012

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