Arhive etichete: debt limit

NY Times: On All Levels of the Economy, Concern About the Impasse


Economists and analysts are trying to gauge the costs to the economy and consumers if the United States loses its solid-gold credit rating — a move that appears more likely now that the standoff in Washington over government spending has calcified. Some economists say the effects of lowering the federal government’s credit rating to AA […]

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AP: House votes for huge deficit-cutting bill


WASHINGTON (AP) — The Republican-controlled House of Representatives passed legislation Tuesday night to cut federal spending by $6 trillion and require congressional approval of a constitutional balanced budget amendment in exchange for raising the federal debt ceiling and averting a threatened government default. The 234-190 vote marked the power of deeply conservative first-term Republicans, and […]

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