Debt Plan
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US Senate passes debt plan to avert default
The Senate voted Tuesday to raise the government's debt ceiling and cut trillions of dollars from its spending, finally ending a fractious partisan battle just hours before the government's borrowing authority was set to run out. The bill, which passed 74 to 26 after a short debate devoid of the oratorical passion that had echoed through both chamb...
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US: House approves debt bill, Senate rejects it
In an unforgiving display of partisanship, the Republican-controlled House approved emergency legislation on Friday night to avoid an unprecedented government default and Senate Democrats scuttled it less than two hours later in hopes of a better deal."We are almost out of time" for a compromise, warned President Barack Obama as US financial market...
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House again seeks votes, after failing to pass debt plan
President Obama called on Congress to produce a fiscal plan that could be passed with votes from both parties, as House Republican leaders sought support from their restive caucus and Senate Democrats suggested they might move ahead with their own plan."Any solution to avoid default must be bipartisan," Mr. Obama said. "I urge Democrats and Republi...
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US Senate passes debt plan to avert default
The Senate voted Tuesday to raise the government's debt ceiling and cut trillions of dollars from its spending, finally ending a fractious partisan battle just hours before the government's borrowing authority was set to run out. The bill, which passed 74 to 26 after a short debate devoid of the oratorical passion that had echoed through both chamb...
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US: House approves debt bill, Senate rejects it
In an unforgiving display of partisanship, the Republican-controlled House approved emergency legislation on Friday night to avoid an unprecedented government default and Senate Democrats scuttled it less than two hours later in hopes of a better deal."We are almost out of time" for a compromise, warned President Barack Obama as US financial market...
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House again seeks votes, after failing to pass debt plan
President Obama called on Congress to produce a fiscal plan that could be passed with votes from both parties, as House Republican leaders sought support from their restive caucus and Senate Democrats suggested they might move ahead with their own plan."Any solution to avoid default must be bipartisan," Mr. Obama said. "I urge Democrats and Republi...
