Under the potential package, the GOP would agree to most of President Clinton's request for additional domestic spending this year and to an increase in the national debt ceiling
14, 2011 /PRNewswire-USNewswire/ --The following is being released by Works of Life International Ministries -- Last Tuesday President Obama signed a bill to raise the national borrowing limit just hours after the Senate voted 74-26 to pass the deal that proposes massive government spending cuts along with raising the national debt ceiling
The Republican leadership in Congress has expressed doubt about the need to raise the national debt ceiling
, claiming that Geithner is exaggerating the danger.
Where Republicans had regularly done their best to block increases in the national debt ceiling
when sought by a Democrat president, most caved in when Ronald Reagan wanted it raised.
The Stenholm amendment, HJ Res 290, would have required that total spending not exceed total revenues, the President to submit a balanced budget, a three-fifths majority in each House on any bill or amendment which would cause a deficit, and a three-fifths majority in each House to increase the national debt ceiling
11, 2011 /PRNewswire/ -- A new online national political survey of Americans over 50 finds a plummeting decline in confidence in the economy, the markets and Washington, particularly over the recent increase in the national debt ceiling
government would risk damaging its credit worthiness if it doesn't agree to raise the national debt ceiling
38 trillion, Congress passed, and the president signed into law, legislation raising the national debt ceiling
One of the first votes that I cast on coming to the Senate in 1981 was on whether to raise the national debt ceiling
to over $1 trillion.
Coverage of the need to raise the national debt ceiling
was a factor in the decline, but a detailed analysis shows a substantial number of reports on problems beyond the Beltway.
Mortgage rates inched up this week as investors were worried by political gridlock over how to raise the national debt ceiling
and cut the deficit.
WASHINGTON, July 28, 2011 /PRNewswire-USNewswire/ -- Should Congress fail to raise the national debt ceiling