Since Mitch McConnell cut a budget deal with President Barack Obama that suspended the legal limit on the federal debt until March 15, 2017, the federal debt has increased by more than $1 trillion....
The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office reported Monday, blaming an aging population, new spending and tax cuts approved on Capitol Hill, and the growing burden from Obamacare for erasing the progress Washington had made over the past...
House Speaker John Boehner (R-OH) and House Majority Leader Eric Cantor (R-VA) were among only 28 Republicans who voted with 193 Democrats on the clean debt ceiling hike. Treasury Secretary Jack Lew had insisted that the debt ceiling be raised by February 27 if the nation did not want...
The debt of the U.S. government has increased $6.666 trillion since President Barack Obama took office on Jan. 20, 2009, according to the latest numbers released by the Treasury Department....
U.S. debt jumped more than $300 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week. The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday. The $328 billion...
Lew again warned that President Barack Obama would not negotiate with Republicans over the debt limit. ...
President Obama’s $60.4 billion request for Hurricane Sandy relief has morphed into a huge Christmas stocking of goodies for federal agencies and even the state of Alaska...
“We’ll raise it." Senate Majority Leader Harry Reid said on Wednesday that if the $16.394 trillion current legal limit on the federal government's debt must be raised in the next few months by another $2.4 trillion, “We’ll raise it."...
Stocks took a sharp nosedive across the board Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe's economy reemerged....
The federal government notched a $1.1 trillion deficit in fiscal year 2012 — the fourth straight year over $1 trillion — according to a preliminary estimate that the Congressional Budget Office released Friday....
The nonpartisan Congressional Budget Office projected Wednesday that the deficit for 2012 will run $1.1 trillion, the fourth year in a row the shortfall will exceed $1 trillion. ...
The $5,027,761,476,484.56 that the debt has increased during Obama's presidency equals $16,043.39 for every one of the 313,385,295 people the Census Bureau now estimates live in the United States....
The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again. Republicans offered Tuesday to compromise with him on jobs — but also assailed his plans in advance of his prime-time...
The debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That's the fastest increase under any president ever. Remember the day the Democrat promised to close the embarrassing Guantanamo Bay Detention Facility within one year? That day the...
Wall Street tumbled again Monday amid a rout in global stocks after rating agency Standard & Poor’s downgraded the U.S. credit rating for the first time. S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn't unexpected, but...
As the economy threatens collapse President Obama celebrates signing debt deal with lavish 50th birthday dinner. The economy is threatening collapse despite the emergency debt legislation he signed off yesterday. So, with hindsight, President Obama rushing off for a lavish 50th birthday party in his honour - starring Dreamgirls...
President Barack Obama and a startling number of Republican senators lauded a bipartisan deficit-reduction plan Tuesday that includes $1 trillion in higher taxes, raising hopes of a last-minute compromise to repair the nation's finances while averting a government default. Wall Street saluted as well. Obama said he hoped congressional...
The national debt has passed another historical milestone, topping $14.3 trillion for the first time ever, according to data released by the U.S. Treasury late Monday afternoon. ...
The national debt jumped by $72 billion on Tuesday even as the Republican-led U.S. House of Representatives passed a continuing resolution to fund the government for just three weeks that will cut $6 billion from government spending. If Congress were to cut $6 billion every three weeks for the...
The U.S. Treasury is depleting its cash at an accelerating pace, drawing down its cash balance by $81.6 billion in the just the first four days of March, leaving the federal government with only $108.9 billion on hand, according to the Daily Treasury Statement released Monday afternoon....
Since Mitch McConnell cut a budget deal with President Barack Obama that suspended the legal limit on the federal debt until March 15, 2017, the federal debt has increased by more than $1 trillion....
The federal government notched a $1.1 trillion deficit in fiscal year 2012 — the fourth straight year over $1 trillion — according to a preliminary estimate that the Congressional Budget Office released Friday....
The $5,027,761,476,484.56 that the debt has increased during Obama's presidency equals $16,043.39 for every one of the 313,385,295 people the Census Bureau now estimates live in the United States....
