NANCY PELOSI

Debt Deal: Will House, Senate Votes Speed Along on Monday?

At Issue: U.S. Debt Deal
With the debt deal negotiations done, the focus now shifts to the Republican-led House, where Speaker John Boehner, R-Ohio, will try to attract moderate Democrats to offset the likely high number of Tea Party House members who will vote against the bill. A Senate vote on the bill also could occur later Monday.
Boehner and McConnell speak at a news conference about the U.S. debt ceiling crisis, at the U.S. Capitol in Washington

Lawmakers to vote on last-minute debt deal

After months of vitriolic discord, Republican and Democratic lawmakers were expected to vote on Monday on a White House-backed deal to raise the U.S. borrowing limit and avert an unprecedented default.
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Debt Ceiling Deal Reached, Govt Default Averted

President Obama, House Speaker John Boehner, and Democratic lawmakers struck a deal and averted a government default come August 2. The deal will cut $1 trillion in spending over 10 years, announced Obama, reported Reuters.
US Senate Majority Leader Reid walks from a meeting with Senate Minority Leader McConnell on the debt ceiling crises on Capitol Hill in Washington

Lawmakers close to deal to avoid default

Lawmakers were close to a last-ditch $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure jittery financial markets that the United States will avoid a potentially catastrophic default.
U.S. President Barack Obama

Obama: Debt Ceiling Deal Reached

President Barack Obama told reporters Sunday that a deal has been reached to raise the federal debt ceiling and avoid the first U.S. default, the culmination of days of high-level, high-stakes political wrangling to attempt to resolve the nation's large deficits.
Mitch McConnell

Tentative Debt Deal Looms in Senate, GOP Officially Holds-Off for Now

Senate Majority Leader Harry Reid has "signed-off" on a debt-raising deal that could be voted on as early as tonight, although the Senate's Republican leadership indicates a deal has not been reached yet as the U.S. attempts to avoid the first-ever default on debt by the U.S. government.
At Issue: U.S. Debt Talks

Will Sunday Be 'Debt Deal Day' for Nation?

After two weeks of acrimony, Democrats and Republicans, perhaps after having stared into the abyss, returned to the bargaining table Saturday. Still, no one will believe the issue has been resolved until President Barack Obama signs a bill that raises the debt ceiling and cuts the budget deficit.
U.S. President Barack Obama

Top Republicans Confident of Debt Deal with Obama

Top congressional Republicans said on Saturday they were in serious talks with President Barack Obama to break a U.S. debt limit deadlock and were confident the risk of default by the world's largest economy could be avoided.
White House

White House Supports Bill Lifting Debt Limit to 2013

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.
House Speaker John Boehner departs the Republican caucus meeting on Capitol Hill in Washington

Republicans Race to Revive Debt Plan

Republican leaders will scramble to rescue their budget deficit-cutting plan on Friday after conservatives mounted a rebellion that heaped uncertainty on efforts to avert a catastrophic debt default.
The U.S. Capitol Dome is lit after the first significant snowfall of the season as the House of Representatives worked late into the evening to pass the $858 billion package of renewed tax cuts and more unemployment benefits in Washington

Republican rebels force new delay in debt crisis

Urgent efforts to avoid an unprecedented U.S. debt default suffered a new blow on Thursday when some fiscally hardline Republicans blocked a budget deficit plan proposed by their own congressional leaders.
Analysis: The politics behind Boehner's two-step debt hike

Boehner: has no control over possible downgrade

House of Representatives Speaker John Boehner, the top Republican in Congress who has put forward a deficit reduction plan to be voted on later Thursday, said he had no control over whether his bill would avert a credit downgrade.
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Snapshot: What to expect Thursday in debt crisis

Here is what to expect on Thursday as lawmakers try to close in on a deal for Congress to raise the government's $14.3 trillion borrowing limit by an August 2 deadline and avoid a debt default:
U.S. Congressman Wu is pictured in undated official photograph

Oregon lawmaker to resign over sex scandal

Oregon Democratic Congressman David Wu, accused of an unwanted sexual encounter with a campaign donor's teenage daughter, said on Tuesday he will resign his seat to defend himself against "these very serious allegations."

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