TIMOTHY GEITHNER

Snapshot: Obama signs debt limit bill

Just hours ahead of a deadline to avert an unprecedented default, President Barack Obama, without public ceremony, signs a bill that raises the $14.3 trillion debt ceiling and sets in motion a plan to reduce U.S. deficits over 10 years.

Snapshot: Senate passes debt deal, sends to Obama

Just hours ahead of a deadline to avert an unprecedented U.S. default, Congress approves a bill that raises the $14.3 trillion debt ceiling and sets in motion a plan to reduce U.S. deficits over 10 years.

Congress averts default, downgrade fears haunt

Congress buried the specter of a U.S. debt default by finally passing a deficit-cutting package on Tuesday, but uncertainties lingered over a possible painful downgrade of the top-notch American credit rating. President Barack Obama welcomed as "an important first step" the hard-won deficit-cutting compromise to lift the government's $14.3 trillion debt ceiling after it was approved by the U.S. Senate with a vote of 74 to 26.

Congress averts default, downgrade fears haunt

Congress buried the specter of a U.S. debt default by finally passing a deficit-cutting package on Tuesday, but uncertainties lingered over a possible painful downgrade of the top-notch American credit rating.

Snapshot: Senate to vote on debt deal

Here is a rundown of the final actions in Congress on Tuesday as lawmakers try to rush to the White House a deficit reduction deal that also will raise the $14.3 trillion limit on U.S. government borrowing.

Debt fight nears end; downgrade threat remains

Congress was poised on Tuesday to grant final approval to a deficit-cutting package that will avert a debt default but may not be enough to prevent a damaging downgrade of the top-notch American credit rating.

Debt fight nears end; downgrade threat remains

Congress was poised on Tuesday to grant final approval to a deficit-cutting package that will avert a debt default but may not be enough to prevent a damaging downgrade of the top-notch American credit rating.

Debt fight nears end; downgrade threat remains

Congress was poised on Tuesday to grant final approval to a deficit-cutting package that will avert a debt default but may not be enough to prevent a damaging downgrade of the top-notch American credit rating.

Rival U.S. Debt Plans in Doubt

Republicans and Democrats rushed to rework rival deficit reduction plans on Wednesday, but with the fate of both proposals heavily in doubt top lawmakers pursued a behind-the-scenes compromise to avert a crippling U.S. default.

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Obama seeks "Plan B" as debt plans stall

Bid to break debt impasse faces new obstacles

A Republican proposal to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of a debt default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
U.S. House Speaker John Boehner, R-Ohio

Bid to break debt impasse faces new obstacles

A Republican proposal to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of a debt default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
Obama seeks "Plan B" as debt plans stall

Obama seeks "Plan B" as debt plans stall

A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
U.S. President Barack Obama (R) and House Speaker John Boehner (R-OH)

Obama seeks "Plan B" as debt plans stall

A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
House Speaker John Boehner, R-Ohio

As Default Approaches, Parties Remain Polarized

There was little good news on the debt deal front early Wednesday: Democrats and Republicans are working on separately debt reduction plans, neither of which is likely to pass both chambers. A debt deal at this late stage is looking increasingly less likely.
U.S. President Barack Obama

Obama Seeks "Plan B" as U.S. Debt Pans Stall

A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, piling anxiety onto investors and ordinary Americans hoping for a late compromise to avoid a crippling debt default.
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