You are browsing the archive for federal deficit.

GOP to lay marker down on debt ceiling as public sounds disapproval

July 18, 2011 in Grand Forks Herald

With the deadline swiftly approaching for a deal to resolve the debt-ceiling crisis, the volume on Capitol Hill is about to be cranked up to “11.” Continue Reading

NATIONAL ECONOMY: What’s in the debt debate?

July 16, 2011 in Grand Forks Herald

Jury is out on how default will impact Red River ValleyEconomists and analysts speculate that failure to raise the federal borrowing limit could lower the country’s credit rating, spike interest rates and cause ripples in the stock markets over America’s tenuous financial footing. But what would it mean for the Red River Valley? Continue Reading

Palin on debt ceiling: ‘Reload,’ don’t ‘retreat’

July 14, 2011 in Grand Forks Herald

Sarah Palin is reloading again. Returning to the gunplay-flavored rhetoric that has become a trademark, the prospective presidential candidate urged conservatives in Congress on Wednesday evening not to back down in the increasingly chaotic fight over raising the federal debt ceiling, even as the nation teeters closer to a possibly catastrophic default. Continue Reading

Debt limit stalemate forces new look at tax hike debate

July 14, 2011 in Grand Forks Herald

While the walkouts, finger-pointing and ideological lines in the sand are nothing new to Washington politics, the current debt-ceiling stalemate has opened a dangerous new chapter in economic and political brinkmanship. Continue Reading

Obama to GOP: ‘Don’t call my bluff’

July 13, 2011 in Grand Forks Herald

President Barack Obama bluntly told Republican congressional leaders Wednesday they must compromise quickly if the government is to avoid an unprecedented default, adding, “Don’t call my bluff” by passing a short-term debt limit increase he has threatened to veto. Continue Reading

Give Obama new debt limit power, GOP leader says

July 12, 2011 in Grand Forks Herald

With compromise talks at a vituperative standstill, Senate Republicans unexpectedly offered Tuesday to hand President Barack Obama new powers to avert a first-ever government default threatened for Aug. 2. Continue Reading

Obama challenges GOP to compromise on debt

July 11, 2011 in Grand Forks Herald

Confronting a partisan stalemate, President Barack Obama bluntly challenged Republicans Monday to make compromises on raising the nation’s borrowing limit to avert a potentially disastrous economic crisis.
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Boehner to seek smaller $2 trillion deal

July 9, 2011 in Grand Forks Herald

House Republican budget negotiators have abandoned plans to pursue a massive $4 trillion, 10-year deficit reduction package in the face of stiff GOP opposition to any plan that would increase taxes as part of the deal. Continue Reading

Obama summons GOP, says no to short-term debt deal

July 5, 2011 in Grand Forks Herald

President Barack Obama prodded Congress Tuesday to reach a sweeping long-term deal within two weeks to raise the nation’s borrowing limit rather than “kick the can down the road” with a makeshift, short-term solution to stave off default. And he declared the agreement must include the tax hikes Republicans strongly oppose.
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$earching for the $olution

July 2, 2011 in The Dickinson Press

North Dakota’s congressional delegation like the rest of Congress is at odds over the best way to fix the federal deficit crisis

GRAND FORKS North Dakota’s congressional delegation agrees the country needs a comprehensive plan to slash deficits and get a grip on the national debt to stave off the looming fiscal crisis.
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