Posts Tagged ‘national debt’

July 2, 2012- Ricky Nobile

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President selects debt commission members

by Published: February 26,2010

Tags: national debt, President of the United States

WASHINGTON — President Barack Obama’s four appointments to the bipartisan debt panel he established last week include the head of manufacturing giant Honeywell and a former top-ranking Federal Reserve official. Obama will name David Cote, chief executive officer at Honeywell International, and former Federal Reserve Vice Chairman Alice Rivlin to the panel today, an administration […] [...]

House raises U.S. debt cap

by Published: February 5,2010

Tags: Congress, debt, federal budget, national debt

WASHINGTON — The House on Thursday voted to allow the government to go $1.9 trillion deeper in debt — or about $6,000 more for every U.S. resident. The measure, approved 217-212, would raise the cap on federal borrowing to $14.3 trillion. That’s enough to keep Congress from having to vote again before the November elections […] [...]

Senate raises national debt limit

by Published: January 29,2010

Tags: Congress, national debt, U.S. Senate

WASHINGTON — The Senate voted Thursday to allow the U.S. government to go a whopping $1.9 trillion deeper in debt, offering a vivid election-year reminder that the government has to borrow 40 cents of every dollar it spends. Democrats needed all the 60 votes at their disposal to muscle the debt limit legislation through — […] [...]

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