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Debt Limit

President Barack Obama waves as he walks to Marine One on the South Lawn of the White House. (AP Photo/Susan Walsh)

Obama signs bill averting government default

Associated Press
WASHINGTON (AP) - President Barack Obama has signed into law a bill raising the government's borrowing limit, averting a default and delaying the next clash over the nation's debt until later this year...
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Speaker of the House John Boehner, R-Ohio, and the House GOP leadership speak to reporters after a closed-door meeting on avoiding a potential debt crisis, at the Capitol in Washington, Tuesday, Jan. 22, 2013. (AP Photo/J. Scott Applewhite)

House votes to defuse debt limit crisis

Andrew Taylor, Associated Press
WASHINGTON (AP) - The House overwhelmingly passed a bill Wednesday to permit the government to borrow enough money to avoid a first-time default for at least four months...
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resident Barack Obama speaks during his final news conference of his first term at the East Room of the White House January 14, 2013 in Washington, DC. Obama spoke on the debt ceiling and deficit reduction during the news conference. (Photo by Alex Wong/Getty Images)

Obama press conference: 5 things we learned

Perry Bacon Jr.
theGRIO REPORT - The president held the final press conference of his first term on Monday afternoon, less than a week before his second inauguration. Here's what we learned from his remarks...
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President Barack Obama holds a news conference in the East Room of the White House January 14, 2013 in Washington, DC. This is Obama's final press conference of his first presidential term. (Photo by Chip Somodevilla/Getty Images)

Obama demands quick action on US debt limit

Steven R. Hurst, Associated Press
WASHINGTON (AP) — President Barack Obama demanded on Monday that Congress quickly raise the federal debt limit and warned that he will not allow the Republican opposition to 'collect a ransom for crashing the U.S. economy'...
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President Barack Obama delivers remarks about the fiscal cliff negotiations in the Eisenhower Executive Office Building next to the White House December 31, 2012 in Washington, DC. Obama said he was hopeful that an agreement could be found to avert the fiscal cliff in Congress, which is closing in on a deal that would raise taxes on households that make more than $450,000 a year and individuals who make more than $400,000. (Photo by Chip Somodevilla/Getty Images)

Can Obama raise the debt limit with a trillion dollar coin?

Shartia Brantley
theGRIO REPORT - Since the White House did not emphatically reject the coin option. The debate rages on...
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beaten-obama.jpg

Obama: Uncertainty over debt limit impacts hiring

theGrio
WASHINGTON (AP) - "Our economy as a whole just isn't producing nearly enough jobs for everybody who is looking," Obama said...
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Tim-Scott.jpg

Rep fuels debt debate with impeach Obama talk

Michelle Balani
theGRIO REPORT - His comments set off a firestorm on the Internet, with people taking to social media and news websites to share their views about Scott's suggestion...
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