debt ceiling

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Congress Ups Nat'l Debt
Ceiling to $12.4T

Dec 24, 2009 11:51 AM CST

Congress Ups Nat'l Debt Ceiling to $12.4T

Bill would authorize Treasury to fund gov through Feb.

(Newser) - The Senate voted today to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit and a political problem that President Barack Obama has promised to address next year. The Senate's rare Christmas Eve vote, 60-39, follows House passage last week and...

Hoyer: US Must
Raise Debt
Ceiling $1.8T

Dec 11, 2009 12:48 PM CST

Hoyer: US Must Raise Debt Ceiling $1.8T

Not until we have a solution, say moderate Dems and GOP

(Newser) - House Democrats are attempting to raise the national debt ceiling by $1.8 trillion to pay for loans coming due next year, despite strong opposition from Blue Dogs, their brethren in the Senate, and the GOP. House Majority Leader Steny Hoyer said today the move is necessary, and Nancy Pelosi...

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