Debt Limit

3:38am

Sat January 19, 2013
Politics

House GOP Backs Off Debt Ceiling Demands

Originally published on Sat January 19, 2013 5:13 am

Transcript

SCOTT SIMON, HOST:

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1:34pm

Fri January 18, 2013
The Two-Way

Republicans Offer Three-Month Increase In Debt Ceiling

As workers prepare the Capitol for Monday's inaugural ceremony, there's word that Congress might not get into another battle over the debt ceiling.
Kevin Dietsch UPI /Landov

In a move that could head off another bruising battle over increasing the nation's debt ceiling, GOP leaders in the House plan to approve a three-month increase in the nation's borrowing authority next week, NPR's S.V. Date reports.

But, he tells our Newscast Desk, Republicans want to tie a longer-term increase to the passage of a budget that cuts spending.

His report continues:

"The plan comes from Majority Leader Eric Cantor as House Republicans wrap up a retreat in Southern Virginia.

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3:40pm

Thu January 17, 2013
It's All Politics

Some House Republicans Deny Risk Of Default In Debt Ceiling Debate

Originally published on Thu January 17, 2013 4:10 pm

Republican Rep. Tim Huelskamp, shown in June 2012, says the U.S. won't default unless the president chooses to let it happen.
John Hanna AP

The federal government hit its debt limit at the end of last year. Since then, the Treasury Department has been taking what it calls "extraordinary measures" to keep the government funded and avoid defaulting on U.S. obligations.

But those measures will run out sometime between the middle of February and early March. Then it's up to Congress to raise the debt limit.

House Republicans are wrestling with the best strategy at a retreat Thursday and Friday in Virginia. And some have been denying that there is a risk of default if the debt ceiling isn't raised.

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3:05pm

Mon January 14, 2013
U.S.

Obama Warns Of Dangerous Consequences If Debt Limit Isn't Raised

Originally published on Mon January 14, 2013 3:21 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

We begin this hour with the end of President Obama's first term. He's got less than a week before next Monday's inauguration. This morning, he capped things off with an hour-long news conference in the White House East Room. As NPR's Ari Shapiro reports, most of the focus was on a rash of recent financial crises that Washington itself has created.

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10:26am

Mon January 14, 2013
U.S.

In News Conference, Obama Calls For Raising Debt Ceiling

Originally published on Mon January 14, 2013 1:27 pm

Transcript

DAVID GREENE, HOST:

I'm David Greene. We'll begin NPR's business news with a warning from President Obama.

(SOUNDBITE OF PRESS CONFERENCE)

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