You are browsing the archive for national debt.

Debt panel poised to admit failure

November 20, 2011 in Grand Forks Herald

A special deficit-reduction supercommittee appears likely to admit failure today, unable or unwilling to compromise on a mix of spending cuts and tax increases required to meet its assignment of saving taxpayers at least $1.2 trillion over the coming decade. Continue Reading

Former controller: debt ‘a moral issue’

August 23, 2011 in The Dickinson Press

FARGO When talking about the need to solve the nation’s debt problems, former U.S. Comptroller General David M. Walker delivers a familiar plea: Do it for the children.
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Obama, lawmakers remain divided over debt deal

July 10, 2011 in Grand Forks Herald

Grasping for a deal on the nation’s debt, President Barack Obama and congressional leaders remained divided Sunday over the size and the components of a plan to reduce long term deficits. Noting the need to work out an agreement over the next 10 days, the president and lawmakers agreed to meet again today. Continue Reading

AP-GfK Poll: People divided on looming debt crisis

June 25, 2011 in Grand Forks Herald

Americans seem not to have awakened to the fast-looming debt crisis that could summon a new recession, imperil their stock market investments and shatter faith in the world’s most powerful economy. Those are among the implications, both sudden and long-lasting, expected to unfold if the U.S. defaults on debt payments for the first time in history. Continue Reading

Obama steps into high-stakes debt-limit talks

June 24, 2011 in Grand Forks Herald

Struggling to break a perilous deadlock, President Barack Obama took direct control Friday of national debt-limit negotiations with both Republicans and Democrats. With the White House warning the nation’s economic stability is at stake, it’s one of the most severe tests yet of Obama’s presidency. Continue Reading

HERALD VIDEO: Conrad talks about debt reduction efforts

April 18, 2011 in Grand Forks Herald

U.S. Senator Kent Conrad talked about the importance of finding a realistic plan to reduce the national deficit and trim spending to more sustainable levels today during a visit with the Herald editorial board. Continue Reading

Geithner confident Congress will raise debt limit

April 17, 2011 in Grand Forks Herald

Treasury Secretary Timothy Geithner says Republican leaders have privately assured the Obama administration that Congress will raise the government’s borrowing limit in time to prevent an unprecedented default on the nation’s debt. Continue Reading

N.D. House: Ask permission to raise federal debt

April 7, 2011 in Grand Forks Herald

North Dakota’s Legislature says Congress should get permission from states before raising the federal debt limit. Continue Reading

North Dakota senator seeks constitutional convention on national debt

March 30, 2011 in Grand Forks Herald

A North Dakota senator wants a federal constitutional convention to allow states to decide if Congress can raise the national debt. Continue Reading

North Dakota lawmakers join fight against federal debt

January 19, 2011 in Grand Forks Herald

North Dakota lawmakers who want to do their part to help control the nation’s debt had their first hearing Wednesday. Continue Reading