CHICAGO (AP) -- President Barack Obama confidently predicted Friday that a divided Congress would raise the nation's borrowing limit to cover the staggering federal debt rather than risk triggering a worldwide recession, but he conceded for the first time he would have to offer more spending cuts to Republicans to get a deal....

Topics:  chicago ap     president barack obama   congress   republicans   raise   debt   limit   
BING NEWS:
  • Yellen says Treasury will use ‘extraordinary measures’ on Jan. 21 to prevent hitting debt ceiling
    In one of her last acts as Treasury Secretary, Janet Yellen says her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the ...
    01/17/2025 - 10:12 am | View Link
  • U.S. Starts Maneuvers to Avoid Breaching Debt Limit, Putting Pressure on Congress
    WASHINGTON—The U.S. government is now constrained by its statutory debt limit, the Treasury Department said, prompting the start of “extraordinary measures” this Tuesday to keep America’s bills paid ...
    01/17/2025 - 9:30 am | View Link
  • US to hit debt ceiling Tuesday, starting Congress’ countdown clock
    The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing Treasury ...
    01/17/2025 - 9:24 am | View Link
  • Ro Khanna says Democrats should demand a minimum wage increase in exchange for helping Trump raise the debt ceiling
    Khanna told Business Insider that a federal minimum wage increase has broad support and that Democrats "should force Republicans to vote on that." ...
    01/17/2025 - 9:10 am | View Link
  • Yellen: Debt limit will be hit day after Trump’s inauguration
    Treasury Secretary Janet Yellen said Friday the nation will hit its debt ceiling the day after President Trump is inaugurated and that the agency will begin “extraordinary measures” to stave off ...
    01/17/2025 - 8:54 am | View Link
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