HOUSE OF REPRESENTATIVES

Republican debt plan faces close vote in Congress

Republican debt plan faces close vote in Congress

A bill to cut the deficit faced a nail-bitingly close vote in Congress on Thursday as the top Republican lawmaker sought to quell an internal revolt and push his plan to avoid a ruinous default.

Rival Debt Plans in Doubt, Alternatives Sought

Dozens of Tea Party supporters, including one dressed as Captain America
Republicans and Democrats rushed to rework rival deficit reduction plans on Wednesday, but with the fate of both proposals heavily in doubt, top lawmakers pursued a behind-the-scenes compromise to avert a crippling U.S. debt default.
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Senate Democrats Debt Plan Saves $2.2 Trillion: CBO

Senate Democrats' legislation to reduce the U.S. deficit and increase borrowing authority would cut $2.2 trillion from deficits, about $500 billion less than Democrats claimed, the Congressional Budget Office said Wednesday.
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President Barack Obama meets with House Speaker John Boehner about the debt limit

Debt crisis gives investors first jolt

President Barack Obama's Democrats and their Republican rivals were further apart than ever on Tuesday in an impasse over the government's debt limit as investors braced for a looming default and downgrade.
President Barack Obama

Debt crisis sends first waves through Wall Street

President Barack Obama's Democrats and their Republican rivals were further apart than ever on Tuesday in an impasse over America's debt limit as Wall Street braced for a looming U.S. default and credit downgrade.
U.S. President Barack Obama

Lawmakers head for showdown in debt crisis

President Barack Obama's Democrats and their Republican rivals on Tuesday headed for a showdown over competing debt plans one week before a deadline for averting a potentially disastrous U.S. default.
Analysis: The politics behind Boehner's two-step debt hike

Analysis: The Politics Behind Boehner's Two-step Debt Hike

So many Americans are so sick of political acrimony over raising the U.S. debt limit that it might seem unfathomable to have to do it all over again early next year. But that is exactly what the top U.S. Republican, John Boehner, is proposing for some practical political reasons.
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Religious groups set prayer vigil for U.S. debt deal

Across the street from the U.S. Capitol in the small north lawn of the United Methodist Building, Christians, Muslims and Jews will pray on Tuesday for the country's budget, and hope to teach Republicans and Democrats a lesson in compromise.
U.S. House Speaker John Boehner, R-Ohio

U.S. lawmakers head for showdown over debt

President Barack Obama's Democrats and their Republican rivals on Tuesday headed for a showdown over competing debt plans one week before a deadline for averting a potentially disastrous U.S. default.
A police cordon is seen at a crime scene where two men were gunned down by unknown assailants on the outskirts of Ciudad Juarez

Guns from U.S. sting at Mexican crime scenes: report

At least 122 firearms from a botched U.S. undercover operation have been found at crime scenes in Mexico or intercepted en route to drug cartels there, according to a Republican congressional report being issued on Tuesday.
Analysis: The politics behind Boehner's two-step debt hike

Analysis: The politics behind Boehner's two-step debt hike

So many Americans are so sick of political acrimony over raising the U.S. debt limit that it might seem unfathomable to have to do it all over again early next year. But that is exactly what the top U.S. Republican, John Boehner, is proposing for some practical political reasons.
Sen. Mitch McConnell, R-Ky.

Senate to Vote on Republican-Backed Debt Plan

The deadline for U.S. lawmakers to raise the nation's $14.3 trillion borrowing limit draweth nigh, and now it is up to the Democratic-led Senate to vote on the Republican-backed, House-passed plan that would raise the debt ceiling in trade of large cuts in the federal budget. The bill also requires Congress to approve a constitutional amendment for a balanced federal budget, which would then be sent to state legislatures for review.
Senator Dick Durbin

Who are the 'Gang of Six' Senators?

The U.S. Government borrowing authority ends on August 2. A failure by Democrats and Republicans to reach a deal on the debt ceiling could result in an event most economists for decades thought was unfathomable -- a default by the largest and most technologically advanced economy in the world.

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