Debt Ceiling
-
President signs bill averting government default
Comment
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.
-
Debt ceiling debate: House votes to raise borrowing limit
Comment
The House of Representatives has voted to avert debt crisis and raise the debt ceiling, allowing government borrowing through May 18.
-
House to vote on debt limit increase, Cantor says
Comment
House Majority Leader Eric Cantor says the House will vote next week to let the government borrow more money to meet its obligations.
-
Obama urges action on debt ceiling
Comment
President Barack Obama is hailing a last-minute deal that avoids the so-called fiscal cliff but says it's just one step in a broader effort to boost the economy and shrink federal deficits.
-
Virginia Rep. Moran wants to eliminate debt ceiling
Comment
Virginia Rep. Jim Moran has joined two fellow House Democrats in pushing a bill that would get rid of the federal debt ceiling.
-
Budget deficit, debt supercommittee members named
Comment
Members of the powerful new committee responsible for coming up with a plan to reduce the federal budget deficit were named.
-
Anger turns to anxiety in debt crisis
CommentAnger at the nation's leaders for taking so long to strike a debt-ceiling deal has turned into high anxiety over jobs and the economy amid growing fears of a new recession.
-
Debt ceiling committee faces touch deficit reduction challenge
Comment
For six Republicans and six Democrats, the toughest-to-swallow items on the deficit-cutting menu await.
-
Debt deal: After debt agreement, what's next?
Comment
Now that the debt deal is signed and the nation's bills can be paid, Congressional leaders are fighting over what to do next.
-
Debt deal: President Barack Obama signs debt bill
Comment
The senate has passed the debt package Tuesday, ending a contentious debate that has transfixed the nation.
-
Debt deal: House votes to raise debt limit, cut spending
Comment
Rep. Gabrielle Giffords was among the 269 House members voting for a bill to keep the government from defaulting on its debts and cut spending.
-
Debt showdown unites Americans - in frustration
Comment
The wrangling over the debt ceiling has left many Americans frustrated with lawmakers.
-
Debt Crisis: House begins debate on debt deal
After the long public fight, the House Monday begins debate on the debt deal.
-
Deficit-reduction agreement picks up momentum in Senate
Comment
The deficit-reduction agreement struck by the White House and congressional leaders picked up momentum in the Senate Monday, as a member of the Republican leadership predicted at least 30 GOP votes.
-
Debt crisis: Obama, Congress reach a debt deal; vote likely on Monday
Comment
Days before a potential financial default, President Barack Obama and Congressional leaders reached a deal to reduce the nation’s debt. The agreement is expected to easily pass the Senate today, but there could be some trouble in the House.
-
People in Lafayette Square react to the debt deal
Comment
After the debt deal was announced by President Barack Obama Sunday night, ABC7's Mike Conneen talked with people in Lafayette Square across from the White House.
-
Budget Control Act of 2011: House Rules Committee releases text of debt deal
Comment
Monday morning at 1:45 a.m., the House Rules Committee published the text of the bill the Congress will be considering today, titled as the Budget Control Act of 2011.
-
Locals react to nation's debt deal (video)
CommentNews of the debt deal comes as a relief to people in the Washington region, from federal employees and contractors to seniors worried about social security checks. ABC7’s Phillip Stewart has more on how people are reacting in our region.
RecommendedRecent Facebook Activity
Only On 7
-
Team up with the Home Team afternoons at 4 on ABC7
"Katie" weekdays at 4pm on ABC7 followed by Leon Harris and Alison Starling on ABC7 News at 5. Click here to find out more about "Katie!"
