| Debt deal set to pass but what were the costs? Mon,1 Aug 2011 10:57 PM PDT Reuters - WASHINGTON/SINGAPORE (Reuters) - While the immediate crisis over a threatened default seems to have been averted by the eleventh-hour deal between the White House and Congress, the debt-limit drama has left behind crucial questions about the American political process, the viability of economic policy options and implications for the rest of the world. Full Story | |
| Factbox: Republican 2012 hopefuls mostly decry debt deal Mon,1 Aug 2011 10:57 PM PDT Reuters - WASHINGTON (Reuters) - Republicans looking to unseat President Barack Obama in the 2012 election are taking stands on the proposed 11th-hour deal to raise the U.S. borrowing limit -- mostly against Republican leaders in Congress. Full Story | |
| Senate panel set to vote on CFTC nominee on Tuesday Mon,1 Aug 2011 07:26 PM PDT Reuters - WASHINGTON (Reuters) - The Senate Agriculture Committee plans to vote on Tuesday on Mark Wetjen who has been nominated as a commissioner at the Commodity Futures Trading Commission, which is in the midst of crafting dozens of new financial reform rules. Full Story | |
 WASHINGTON (Reuters) - Representative Gabrielle Giffords returned to the U.S. House on Monday night for the first time since an assassination attempt, drawing thunderous applause in a rare moment of unity during a contentious vote to raise the U.S. debt ceiling. | |
| WASHINGTON (Reuters) - Representative Gabrielle Giffords returned to the House floor on Monday for the first time since she was shot in the head in January, receiving a thunderous ovation from Democrats and Republicans alike. | |
| Analysis: Angry over debt debate, voters may punish leaders Mon,1 Aug 2011 03:36 PM PDT Reuters - WASHINGTON (Reuters) - Throw the bums out! Full Story | |
| House Democratic leader Pelosi to back debt bill Mon,1 Aug 2011 02:58 PM PDT Reuters - WASHINGTON (Reuters) - House of Representatives Democratic Leader Nancy Pelosi plans to vote for a bill to raise the government's debt ceiling, a Democratic Party aide said on Monday. Full Story | |
| Factbox: Republican 2012 hopefuls mostly decry debt deal Mon,1 Aug 2011 02:28 PM PDT Reuters - WASHINGTON (Reuters) - Republicans looking to unseat President Barack Obama in the 2012 election are taking stands on the proposed 11th-hour deal to raise the U.S. borrowing limit -- mostly against Republican leaders in Congress. Full Story | |
| U.S. business hopes debt deal clears way for trade Mon,1 Aug 2011 01:42 PM PDT Reuters - WASHINGTON (Reuters) - A deal to raise the U.S. debt ceiling after weeks of tough talks between the White House and Congress has raised hope leaders will now turn their attention to resolving difference blocking three long-delayed trade deals, U.S. business groups said on Monday. Full Story | |
| U.S. Treasury to borrow $331 billion in 3rd quarter Mon,1 Aug 2011 01:34 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. Treasury adopted a business-as-usual mode on Monday as it unveiled plans to borrow $331 billion in the current quarter, assuming Congress hikes the debt limit so it can legally do so. Full Story | |
| Pakistan seeks "clear terms of engagement" with U.S. Mon,1 Aug 2011 12:11 PM PDT Reuters - ISLAMABAD (Reuters) - Pakistani President Asif Ali Zardari called Monday for his government and the United States to agree on "clear terms of engagement" in the fight against Islamist militants to avert troubles in their relationship. Full Story | |
 WASHINGTON (Reuters) - Vice President Joe Biden, emerging from a 2 1/2-hour meeting with Democrats in the House of Representatives, predicted a debt limit increase bill will pass Congress. | |
 WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said Monday that debt limit increase legislation would be completed in the Senate by Tuesday. | |
 WASHINGTON (Reuters) - President Barack Obama will continue to push for an extension of the payroll tax cut despite that not being part of a deficit-cutting deal reached by lawmakers, the White House said on Monday. | |
 WASHINGTON (Reuters) - Senate Republican Leader Mitch McConnell said on Monday he was "optimistic" about the prospects for passing a deficit reduction and debt limit increase measure. | |
| Liberal Democrats may vote against debt deal Mon,1 Aug 2011 09:06 AM PDT Reuters - WASHINGTON (Reuters) - Raul Grijalva, who heads a group of liberal Democrats in the House of Representatives, said on Monday he expects most members of his progressive caucus to vote against a debt ceiling deal crafted by Republican and Democratic leaders. Full Story | |
 WASHINGTON (Reuters) - Drug companies should take more responsibility for the safety of ingredients sourced overseas, and Congress should make them if they do not, according to the new U.S. drug regulator for import safety. | |
| CBO: Debt limit deal to save $2.1 trillion Mon,1 Aug 2011 08:43 AM PDT Reuters - WASHINGTON (Reuters) - A U.S. budget deal reached by congressional leaders to clear the way for a debt limit increase would achieve at least $2.1 trillion in deficit cuts over 10 years, the Congressional Budget Office said on Monday. Full Story | |
 WASHINGTON (Reuters) - House Speaker John Boehner told fellow Republicans that he wants the House of Representatives to vote on Monday on a last-minute deal to raise the debt ceiling, a Republican lawmaker said on Sunday. | |
 WASHINGTON (Reuters) - Lawmakers bogged down in talks on the debt limit need to reach a deal by an August 2 deadline but the politicians also have one eye another big date: Election Day on November 6, 2012. | |
 NEW YORK (Reuters) - New Jersey Governor Chris Christie has said he has no interest in running for president but relentless speculation about his plans could make him a kingmaker in 2012 and position him to run in 2016. | |
 SAN FRANCISCO (Reuters) - California has moved its presidential primary to June, consolidating trips to the poll to save money in an election that most voters in the Democratic leaning state see as a foregone conclusion. | |
 WASHINGTON (Reuters) - The White House has one important tool in its arsenal to influence congressional talks over further deficit reduction measures in the coming months: the expiry of Bush-era tax cuts at the end of 2012. | |
| White House: expiry of Bush tax cuts to spur reform Sun,31 Jul 2011 07:14 PM PDT Reuters - WASHINGTON (Reuters) - White House officials said on Sunday the spending cuts laid out under a new deficit deal would not take effect until 2013 and the expiry of Bush-era tax cuts for the wealthiest Americans would spur broad tax reform. Full Story | |
| U.S. holds off on post-August 2 plan for moment Sun,31 Jul 2011 07:10 PM PDT Reuters - WASHINGTON (Reuters) - The Treasury determined that it was not necessary on Sunday to unveil plans for how the government will pay its bills if Congress does not raise the debt cap by Tuesday. Full Story | |
| Boehner: debt deal cuts $917 billion over 10 years Sun,31 Jul 2011 06:17 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. debt deal struck on Sunday cuts spending by $917 billion over 10 years and tasks a panel with finding at least $1.5 trillion more to trim, House of Representatives Speaker John Boehner said. Full Story | |
| Senate may vote on debt deal as early as Monday: aide Sun,31 Jul 2011 06:10 PM PDT Reuters - WASHINGTON (Reuters) - The Senate will likely vote on Monday on a proposed, bipartisan deal to increase the U.S. debt limit and avert a possible default, a senior congressional aide said. Full Story | |
 WASHINGTON (Reuters) - House Speaker John Boehner told fellow Republicans on Sunday that he aims to bring a debt-ceiling deal up for a vote "as soon as possible" even though it is not perfect, his office said. | |
 WASHINGTON (Reuters) - President Barack Obama announced on Sunday that Democrats and Republicans leaders have reached an agreement to reduce the U.S. deficit and avoid default. | |
| Obama says cuts will not come too quickly Sun,31 Jul 2011 05:54 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama said on Sunday that spending cuts included in deal to raise the debt ceiling will not happen so quickly that they will drag on the fragile U.S. economy. Full Story | |
| Obama urges members of both parties to support deal Sun,31 Jul 2011 05:50 PM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama on Sunday urged Republicans and Democrats to "do the right thing" and vote to support the compromise proposal to raise the U.S. debt ceiling. Full Story | |
 WASHINGTON (Reuters) - Democrats in the House of Representatives might decide not to support a last-minute deal to raise the debt ceiling when they meet on Monday, House Democratic Leader Nancy Pelosi said on Sunday. | |
| Senate vote unlikely until at least Monday: aide Sun,31 Jul 2011 03:16 PM PDT Reuters - WASHINGTON (Reuters) - A Senate vote on a possible debt-limit deal is "highly unlikely" until at least on Monday, a senior congressional aide said. Full Story | |
 WASHINGTON (Reuters) - Senate Democratic leader Harry Reid will support the tentative debt-ceiling deal as long as other Democrats back it as well, a spokesman said on Sunday. | |
| Factbox: Key elements of possible debt deal Sun,31 Jul 2011 09:13 AM PDT Reuters - (Reuters) - U.S. lawmakers were working furiously on Sunday to hammer out details of a deal to raise the borrowing limit and put in place a deficit-reduction plan to help avert a potentially catastrophic debt default. Full Story | |
| Britain, Japan warn of disaster if no U.S. debt deal Sun,31 Jul 2011 08:29 AM PDT Reuters - LONDON/TOKYO (Reuters) - British and Japanese officials warned Sunday of disastrous consequences for the global economy if last-minute talks among lawmakers in Washington failed to agree on raising the U.S. borrowing limit and averting a debt default.Full Story | |
| Factbox: U.S. politician quotes chart focus in deficit talks Sun,31 Jul 2011 08:16 AM PDT Reuters - (Reuters) - When will Republicans and Democrats reach agreement on a deal to raise the debt ceiling and avoid default? Full Story | |
| Obama adviser Sperling sees no "double dip" recession Sun,31 Jul 2011 06:35 AM PDT Reuters - WASHINGTON (Reuters) - White House economic adviser Gene Sperling said on "Fox News Sunday" he was "not worried the U.S. will have a double-dip recession" and urged Congress to approve an increase in the debt limit as a way to give certainty to financial markets. Full Story | |
| High-ranking Senate Democrat upbeat on debt deal Sat,30 Jul 2011 07:28 PM PDT Reuters - WASHINGTON (Reuters) - The No. 2 Democrat in Senate said on Saturday he was more optimistic about chances for a debt limit increase deal, despite many details still to be worked out. Full Story | |
| Snapshot: What is happening in the U.S. debt crisis Sat,30 Jul 2011 02:45 PM PDT Reuters - WASHINGTON (Reuters) - Here is what is happening on Friday as lawmakers scramble to close in on a deal for Congress to raise the U.S. government's $14.3 trillion borrowing limit by Tuesday's deadline and avoid a debt default: Full Story |
