UNITED STATES

White House Supports Bill Lifting Debt Limit to 2013

White House
The White House said on Saturday it "strongly supports" a bill being considered in the House of Representatives that incorporates both Democratic and Republican ideas and would raise the debt limit to early 2013.
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U.S. President Barack Obama

Mood Tense as Lawmakers Struggle for Debt Deal

A bitter mood prevailed on Capitol Hill as lawmakers struggled on Saturday to find a compromise measure to lift the nation's $14.3 trillion debt limit three days before the deadline to avert a ruinous default.
U.S. Debt Talks

Debt Talks: Reid Modifies Plan to Win GOP Support

Led by Majority Leader Harry Reid, D-Nev., Senate Democrats Saturday worked feverishly to modify Reid's original debt plan in order to attract Senate Republicans. But a GOP Senate filibuster is expected late Saturday or Sunday, which, if it holds, would leave the U.S. without a debt ceiling increase, two days before a default.
Senate Majority Leader Harry Reid

Lawmakers race against clock on debt limit

Facing a deadline to avoid a ruinous default, congressional leaders on Saturday braced for a tense weekend of negotiations to try to reach a compromise on a measure to increase in the country's $14.3 trillion debt limit.
At Issue: Oil Prices

Could a U.S. Default Push Oil Prices Above $130?

Think a U.S. Government default on its debt won't affect you immediately? Think again: a default would likely weaken the dollar substantially, pushing up oil prices almost immediately, and that would send already-high U.S. gas prices to the stratosphere.
A September 14, 2001 file photo shows President Bush at the scene of the World Trade Center

Bush Details 9/11 Memories for Documentary in Rare Interview [VIDEO]

When President George W. Bush learned that two planes had barreled into the World Trade Center buildings on Sept. 11, 2001, he was sitting in front of a group of children reading aloud. So as to not cause alarm, he remained calm and stoic. And for it, he received much flak.
Senate Majority Leader Harry Reid speaks at a news conference in Washington

Democrats try to break debt impasse

Senate Democrats aimed to seize the initiative in efforts to head off a ruinous debt default by pushing their deficit-cutting plan on Saturday toward a possible compromise with a divided Republican Party.
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Billionaire Ross bets on v-shaped Irish recovery

Positive news from Ireland is prompting a growing number of investors to look at the troubled euro zone economy, said billionaire Wilbur Ross, who this week invested 300 million euros in its largest lender.
China paper castigates "irresponsible" U.S. debt crisis

China paper castigates "irresponsible" U.S. debt crisis

The mouthpiece of the Chinese Communist Party has castigated the United States' handling of its debt crisis as "irresponsible" and "immoral," saying in a Saturday editorial that the U.S. democratic system was to blame for the "farce."

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