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.
Jeff Heimsath/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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