HOUSE OF REPRESENTATIVES

House Speaker John Boehner, R-Ohio

Debt Deal Offers Only Small Blessings For Economy

The tentative deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup.

Lawmakers to vote on last-minute debt deal

Boehner and McConnell speak at a news conference about the U.S. debt ceiling crisis, at the U.S. Capitol in Washington
After months of vitriolic discord, Republican and Democratic lawmakers were expected to vote on Monday on a White House-backed deal to raise the U.S. borrowing limit and avert an unprecedented default.

Crucial Debt Ceiling Votes Ahead as Leaders Reach Deal

U.S. President Barack Obama
A weary-looking President Obama told reporters late Sunday that a deal had been reached between the leaders of the White House, Senate and House of Representatives to raise the federal debt ceiling and avoid the first U.S. default, although a series of votes by all members in Congress is needed to make the ceiling raise a reality.
US Senate Majority Leader Reid walks from a meeting with Senate Minority Leader McConnell on the debt ceiling crises on Capitol Hill in Washington

Lawmakers close to deal to avoid default

Lawmakers were close to a last-ditch $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure jittery financial markets that the United States will avoid a potentially catastrophic default.
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Senate Majority Leader Harry Reid speaks at a news conference in Washington

Democrats try to break debt impasse

Senate Democrats aimed to seize the initiative in efforts to head off a ruinous debt default by pushing their deficit-cutting plan on Saturday toward a possible compromise with a divided Republican Party.
Varoius Euro banknotes lay next to various Swiss Franc notes in this picture illustration at a bank in Warsaw

Dollar May Bounce on Downgrade, but Destiny is Dark

Lawmakers were still unable to reach an agreement on the U.S. debt ceiling on Friday, but there is no arguing that the dollar's safe-haven appeal should remain trumped by the Swiss franc and Japanese yen.
2012 Election

Tea Party shows its clout in debt debate

They have been accused of holding Washington hostage by pushing the United States to the brink of a damaging debt default. The world is watching anxiously as the debt impasse drags on.
U.S. House Speaker John Boehner

House Passes Two-Stage Debt Ceiling Plan

The House of Representatives has passed a bill to raise the U.S. debt ceiling and cut federal spending, although Democrats have already vowed to defeat the measure ahead of an August 2 deadline.
U.S. Deficit

Republicans pass Budget Deficit Plan

The House of Representatives approved a Republican plan to cut the budget deficit on Friday that is doomed to defeat in the Senate but which could pave the way for a bipartisan compromise to avert a U.S. debt default.
President Barack Obama

Pending Debt Ceiling Vote, Obama urges compromise

With four days left before the United States hits its debt limit, Republicans pressed ahead with a deficit plan that cannot pass Congress and President Barack Obama told lawmakers to stop wasting time and find a way "out of this mess."
U.S. Senate Majority Leader Harry Reid speaks to the press during debt reduction talks on Capitol Hill in Washington

Sen Reid: Democrats want debt hike to March 2013

Senate Democratic Leader Harry Reid said on Friday his budget legislation would increase the nation's borrowing authority until March, 2013 and reiterated that he would not accept a short-term debt limit increase as Republicans are insisting.
President Barack Obama

Obama Makes Urgent Plea for Compromise on Debt Ceiling

In an eleventh hour plea for political compromise, as the Aug 2. debt ceiling deadline inches closer, President Barack Obama urged Congress to avoid a government default by finding a bipartisan solution. On Friday, he said he was ready to work with top Democrats and Republicans through the weekend to reach one.
President Barack Obama

Obama Says Time Is Running Out For Debt Deal

With four days remaining until the United States hits its debt limit, President Barack Obama on Friday told deeply divided Republicans and Democrats to stop bickering and find a way "out of this mess."
U.S. Senate Majority Leader Harry Reid speaks to the press during debt reduction talks on Capitol Hill in Washington

Senator Reid: Moving Forward With Debt Limit Bill

Senate Majority Leader Harry Reid on Friday said that he "cannot wait any longer" for the Republican-led House of Representatives to act on a debt limit increase and he will begin taking steps to move legislation.
House Speaker John Boehner departs the Republican caucus meeting on Capitol Hill in Washington

Republicans Race to Revive Debt Plan

Republican leaders will scramble to rescue their budget deficit-cutting plan on Friday after conservatives mounted a rebellion that heaped uncertainty on efforts to avert a catastrophic debt default.
The U.S. Capitol Dome is lit after the first significant snowfall of the season as the House of Representatives worked late into the evening to pass the $858 billion package of renewed tax cuts and more unemployment benefits in Washington

Republican rebels force new delay in debt crisis

Urgent efforts to avoid an unprecedented U.S. debt default suffered a new blow on Thursday when some fiscally hardline Republicans blocked a budget deficit plan proposed by their own congressional leaders.
Speaker of the House John Boehner spekas during a news conference on Capitol Hill

Vote delayed on debt bill as default date looms

A Republican deficit reduction plan headed for two major votes in Congress on Thursday and its expected demise could force a compromise to avert an imminent and unprecedented debt default.
Rep. Eric Cantor (R-VA) walks to a meeting of the Republican caucus on U.S. debt reduction talks on Capitol Hill in Washington

House Republicans challenge Senate Democrats

House of Representatives Republican leader Eric Cantor Thursday challenged the Democratic-led Senate to accept a House-passed bill raising the debt limit or suffer the consequences of default.
Analysis: The politics behind Boehner's two-step debt hike

Boehner: has no control over possible downgrade

House of Representatives Speaker John Boehner, the top Republican in Congress who has put forward a deficit reduction plan to be voted on later Thursday, said he had no control over whether his bill would avert a credit downgrade.
A gold bar carrying the Euro sign

Gold firms a touch, eyes on debt talks

Gold firmed a touch on Thursday, lifted by concerns over a potential U.S. debt default as lawmakers in Washington argued over deficit-cutting measures, and lingering fears that the euro zone debt crisis could spread.
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Snapshot: What to expect Thursday in debt crisis

Here is what to expect on Thursday as lawmakers try to close in on a deal for Congress to raise the government's $14.3 trillion borrowing limit by an August 2 deadline and avoid a debt default:

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