Tag: US default

• Monday, July 25th 2011 - 06:47 UTC

  US debt ceiling: Republicans insist in torpedoing Obama 2012 re-election bid

  

  US President Barack Obama reiterated on Sunday his opposition to any short-term plan to raise the US debt ceiling, while Republicans insisted on a two-step solution, a White House official said.

• Saturday, July 23rd 2011 - 06:23 UTC

  Obama and congressional leaders Saturday meeting in the White House

  

  President Barrack Obama said he would be meeting with congressional leaders, at the White House at 1100 (1500 GMT) on Saturday. On Friday Republican House Speaker John Boehner walked away from crunch debt ceiling talks with the President.

• Monday, July 18th 2011 - 10:22 UTC

  US congress closer to deal on debt-ceiling but with Obama paying the political cost

  

  United States government and opposition senators are crafting a plan that could avert an unprecedented US government default if by next 2 August the national debt limit is not raised.

• Thursday, July 14th 2011 - 18:27 UTC

  Bernanke warns Congress of “calamitous outcome” if the US defaults on its debt

  

  Federal Reserve Chairman Ben Bernanke warned the United States Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.