debt ceiling

Politics
2:58 pm
Wed February 12, 2014

With Senate's OK, Debt Limit Bill Will Head To White House

Originally published on Wed February 12, 2014 3:22 pm

The Senate has voted to extend the federal debt limit, giving final congressional approval to a bill that is meant to cover the government's finances into 2015. The measure passed on a 55-43 vote.

But the most dramatic phase of the legislation's passage came just before the final tally, when it had to get past a cloture vote. Politico says, "Texas Sen. Ted Cruz (R) demanded the 60-vote threshold on the debt hike."

As The Hill reports:

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Politics
9:04 am
Thu May 24, 2012

Remember the Debt Ceiling Debate? It's Back

House Speaker John Boehner, R-Ohio, speaks at the 2012 Fiscal Summit held by the Peter G. Peterson Foundation on May 15 in Washington, D.C.
Brendan Hoffman Getty Images

Originally published on Wed May 23, 2012 6:22 pm

A storm is brewing in Washington that could darken political debate for months to come. It's about the debt, the deficit, taxes and spending — all hot topics lawmakers have been fighting about for years now.

This time, though, there's a deadline, and the consequences of inaction would be immediate. That has many in Washington saying: Here we go again.

In the past week, President Obama and House Speaker John Boehner have begun a new round of sparring over the U.S. debt ceiling.

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Developing
5:31 am
Mon August 1, 2011

Debt Deal Reached, Vote Expected Soon

President Barack Obama at a fundraiser in Austin in May. The president announced Sunday night that Congressional leaders have reached a deal on the long debated debt ceiling issue.
Photo by Jeff Heimsath for KUT News.

President Barack Obama and congressional leaders reached an agreement Sunday night on the debt ceiling. Both chambers could vote on the deal Monday. 

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