Debt Limit http://www.kunc.org en Treasury: New Debt Ceiling Fight Could Derail Economy http://www.kunc.org/post/treasury-new-debt-ceiling-fight-could-derail-economy The Treasury Department is issuing a warning of dire economic consequences that could rival the Great Recession if Congress is unable to agree on raising the debt ceiling and the nation defaults on its obligations.<p>Treasury's report, "The Potential Macroeconomic Effect of Debt Ceiling Brinkmanship," comes as Congress is still wrangling over a short-term spending bill to reverse <a href="http://www.npr.org/blogs/thetwo-way/2013/10/03/228747934/on-day-3-of-shutdown-its-deja-vu-all-over-again">a partial government shutdown that went into effect Tuesday</a>. Thu, 03 Oct 2013 15:28:00 +0000 Scott Neuman 50352 at http://www.kunc.org Treasury: New Debt Ceiling Fight Could Derail Economy VIDEO & TRANSCRIPT: Obama's Surveillance Statement And Press Conference http://www.kunc.org/post/video-transcript-obamas-surveillance-statement-and-press-conference <p>President Obama held full press conference at the White House Friday before he departed for a family vacation.</p><p> Fri, 09 Aug 2013 17:00:00 +0000 KUNC Staff 48153 at http://www.kunc.org VIDEO & TRANSCRIPT: Obama's Surveillance Statement And Press Conference Treasury Secretary: Congress Must End Uncertainty On Debt http://www.kunc.org/post/treasury-secretary-congress-must-end-uncertainty-debt Treasury Secretary Jack Lew says the debt ceiling needs to be raised, but without another economically damaging partisan fight.<p>In a series of interviews on the Sunday morning political talk shows, Lew said Congress needs to lift the "cloud of uncertainty" over the nation's finances and raise the limit before it fully expires on Sept. 30.<p>"The fight over the debt limit in 2011 hurt the economy, even though, in the end, we saw an extension of the debt limit," the secretary said on NBC's <em>Meet The Press</em>.<p>"We saw confidence fall, and it hurt the economy. Sun, 28 Jul 2013 17:36:00 +0000 Scott Neuman 47639 at http://www.kunc.org Treasury Secretary: Congress Must End Uncertainty On Debt Liberal Watchdog Group: 'Fix The Debt' Movement More Astroturf Than Grassroots http://www.kunc.org/post/liberal-watchdog-group-fix-debt-movement-more-astroturf-grassroots The liberal watchdog group Center for Media and Democracy says Fix the Debt — a key unit in philanthropist Pete Peterson's corps of organizations to battle the national debt — is a pro-business effort masquerading as a grassroots movement.<p>In a conference call with reporters Friday, CMD director Lisa Graves called Fix the Debt "an Astroturf supergroup that is exceedingly well funded." The term "Astroturf" refers to groups that appear to be citizen-organized but actually have their roots at consultants' offices inside the Capital Beltway.<p>A spokesman for <a href="http://www.fixthedebt.org/" Sat, 23 Feb 2013 14:35:00 +0000 Peter Overby 40607 at http://www.kunc.org VIDEO & TRANSCRIPT: President Obama Speaks On Spending Cuts, Deficit Reduction http://www.kunc.org/post/video-transcript-president-obama-speaks-spending-cuts-deficit-reduction <p>President Obama spoke from the White House on the nation's finances and the looming March 1st deadline for the 'sequester.'</p><p> Tue, 05 Feb 2013 17:23:27 +0000 KUNC Staff 39757 at http://www.kunc.org VIDEO & TRANSCRIPT: President Obama Speaks On Spending Cuts, Deficit Reduction