Debt Limit

7:23am

Mon January 14, 2013
The Two-Way

Obama: I Will Not Let Deficit Talks Be Tied To Another Debt Ceiling Debate

Originally published on Mon January 14, 2013 1:03 pm

President Obama speaks during his news conference in the East Room of the White House on Monday.
Jason Reed Reuters/Landov

At a news conference dominated by discussion of what's expected to be Washington's next big political battle, President Obama insisted Monday that he will not let Republicans tie an increase in the federal government's borrowing limit to negotiations over cuts in future federal spending.

Read more

2:56pm

Sat January 12, 2013
Analysis

Week In News: The Debt Ceiling Whack-A-Mole

Originally published on Sat January 12, 2013 5:37 pm

Transcript

JACKI LYDEN, HOST:

It's WEEKENDS on ALL THINGS CONSIDERED from NPR News. I'm Jacki Lyden.

(SOUNDBITE OF NEWS REPORTS)

UNIDENTIFIED MAN #1: The Federal Reserve should knit a trillion dollar platinum coin.

UNIDENTIFIED MAN #2: And the government could use that to pay the debt, avoid default and pre-empt the debt ceiling crisis.

UNIDENTIFIED MAN #3: This is the kind of stuff that happens right before the downgrade. The last days of Rome, this is what happened.

Read more

4:42am

Sat January 12, 2013
Politics

What Would Obama Do (If There's No Debt Ceiling Deal)?

Originally published on Sat January 12, 2013 10:08 am

Transcript

SCOTT SIMON, HOST:

This is WEEKEND EDITION from NPR News. I'm Scott Simon.

You might've chuckled a bit this week, if you heard about the trillion-dollar platinum coin plan, to perhaps address Washington, D.C.'s debt ceiling stalemate. But it will certainly be no laughing matter if the U.S. Congress refuses to raise the borrowing limit, and the U.S. government defaults on its debt. Global financial markets would likely plummet.

NPR's John Ydstie reports on some of the options the president has if he and Congress cannot reach an agreement.

Read more

2:51pm

Fri January 4, 2013
Politics

Potential Geithner Departure Could Complicate Debt Ceiling Battle

Originally published on Fri January 4, 2013 5:02 pm

Transcript

AUDIE CORNISH, HOST:

President Obama may be going into the next big budget fight without his long-time treasury secretary. Timothy Geithner had been planning to leave before the start of the president's second term, but that would mean he is departing with the debt ceiling still looming and the Treasury scrambling to keep up with the government's bills.

ROBERT SIEGEL, HOST:

NPR's Scott Horsley joins us now. And, Scott, Secretary Geithner has made no secret of his plans to leave the government, but it sounds like his departure could be complicated.

Read more

5:30am

Wed January 2, 2013
The Two-Way

It's Not Over: Big Battles Ahead Even After 'Fiscal Cliff' Deal

Originally published on Wed January 2, 2013 12:59 pm

President Obama was in the Oval Office late Tuesday night as the House finished voting on the "fiscal cliff" deal. After praising the passage, he left for Hawaii to resume a vacation with his family.
Aude Guerrucci/Pool Getty Images

We're sorry to start the first work day of 2013 on a negative note, but here goes:

Though the House voted 257-167 late Tuesday to OK legislation that kept the federal government from going over the so-called fiscal cliff — and stopped income taxes from rising for about 99 percent of Americans — lawmakers didn't reach agreement on other very divisive issues.

Read more

Pages