Tag: US Congress

• Wednesday, September 12th 2012 - 01:48 UTC

  Moody's warns US may lose triple-A debt rating if no agreement is reached on the debt

  

  The United States may lose its triple-A debt rating if next year's budget negotiations do not produce policies that over time decrease the country's debt, Moody's Investors Service said in an e-mailed statement on Tuesday.

• Friday, January 13th 2012 - 19:51 UTC

  Obama asks Congress for a 1.2 trillion dollars increase in US debt limit

  

  US President Barack Obama formally notified Congress that he plans a 1.2 trillion dollars increase in the US debt limit, setting the stage for Republicans to level election-year charges that deficits are out of control.

• Tuesday, November 22nd 2011 - 00:19 UTC

  US political stalemate as the Congress fails to agree on budget cuts and debt

  

  A special debt-reduction committee in the US Congress failed to reach agreement, extending partisan gridlock into the 2012 election year and setting the stage for 1.2 trillion dollars in automatic spending cuts.

• Thursday, November 17th 2011 - 06:52 UTC

  US debt soars past 15tn while another political storm is brewing in Congress

  

  The US government's debt load topped the 15 trillion dollars mark Wednesday, as politicians in Congress continued to battle over how to cut spending. Treasury figures showed the burden of federal borrowing reached 15,033,607,255,920.32, up 55.8 billion from Tuesday.

• Wednesday, September 28th 2011 - 02:39 UTC

  Gallup governance poll shows 81% dissatisfied with the US political system

  

  A record-high 81% of US citizens are dissatisfied with the way the country is being governed, adding to negativity that has been building over the past 10 years.

• Monday, September 19th 2011 - 06:34 UTC

  Obama to propose a “Buffett Tax” on people making over a million dollars

  

  US President Barack Obama, will propose a 'Buffett Tax' on people making more than US$1 million a year as part of his deficit recommendations to Congress on Monday.

• Monday, August 15th 2011 - 23:41 UTC

  Buffett calls on the US Congress to “stop coddling the super rich”

  

  Warren Buffett has called for Congress to make him and his “mega-rich friends” pay more income tax. In a piece in The New York Times newspaper, the billionaire investor and philanthropist said the rich should do more to help plug the deficit.

• Saturday, August 6th 2011 - 08:15 UTC

  US voters furious: disapproval of Congress rises to an all-time high of 82%

  

  Disapproval of the United States Congress rose to an all-time high after weeks of rancorous partisan battles over raising the US debt ceiling took the country to the brink of default, according a New York Times/CBS News public opinion poll published on Friday.

• Thursday, August 4th 2011 - 19:14 UTC

  Compromise achieved, fiscal reform is the next chapter, says Geithner

  

  Following the political agreement which enabled the US Congress to lift the debt ceiling and avoid default, Treasury Secretary Timothy Geithner wrote a piece for The Washington Post, where he displays what in his opinion are the following steps for the world’s largest economy to restore fiscal responsibility and sustainability.

• Tuesday, August 2nd 2011 - 15:46 UTC

  Geithner admits battle over debt limit has damaged confidence in the US economy

  

  US Treasury Secretary Timothy Geithner said he is not sure whether the bitterly fought debt agreement to be considered by the US Senate will avoid a downgrade of the U.S. top-tier credit rating.