Page 38 - Borrowing Authority News Today

Bills, the formal signing from this end. we think of signing a bill being the presidents duty. but before it gets to the white house, the speaker signs it here. so that gives you an idea of the interest that they have in getting that done. another big issue, brian, will be debt ceiling. were being told that the new sort of cut-off point for the countrys borrowing power is now november 3rd. so the treasury departments been able to shift some dollars around, that kind of thing that weve seen in th...

Ashleigh? >> and its all up to 125 votes, as long as everybody shows up. that simple majority of whomever actually is in the room. i want to take you backthe other race, the big, big race. lets call this a teachable moment for ben carson. he owes much of his current popularity to his lack of political experience. that did not seem to be an asset when he appeared yesterday on the show called "marketplace." it is a radio program, and the talk turned to, well, go figure, some basic yet marketplace ...

Sheryl. >> thank you, mr. president. to go back to your opening remarks, you said that you wont sign another four-term cr. but yesterday secretary lew announced the governments borrowing authority would run out around november 5th. would you recommend negotiating an increase in the debt ceiling as part of these budget negotiations on spending caps? and also, does the speakers race complicate these negotiations? >> im sure the speakers race complicates these negotiations. that was a rhetorical qu...

And whether its protecting life, whether its dealing with the problems of obamacare, or keeping the government open, were here to do the peoples work. >> several days after stunning the conference by announcing his resignation, speaker boehner shifted focus to what he would like to accomplish. he did not rule out increasing the governments borrowing authority before he leaves. >> its a matter if theres a way to get things done. so if i dont burden my successor i may get it finished. >> the more ...

U.s. postal service of the agency facing a surge in cost it may not be able to pay. more than $48 billion for retiree health care, more than $17 billion for workers comp, and $15 billion in outstanding debt. those liabilities have increased by more than 60% since 2007. thats according to government accountability office. postal service may need a bailout. live in washington with this. what is the post office saying about this problem? >> jenna, they are saying they essentially have exhausted the...

The u.s. postal service is in an extreme bind. and it needs congress to help immediately. chief congressional correspondent mike emanuel has a look at all the problems and some potential solutions. >> the postal service had $100 billion of debt and unfunded benefit liabilities at the end of fichbggal year 2013. >> they sounded the bailout alarm before a house oversight subcommittee as the postal aufrbs appears to be in a mess and changes may be coming to your mail delivery. darrell issa is calli...

After he bucked his own party and joined democrats to pass a clean debt limit extension, yesterday it fell to the traditionally somewhat more reasonable senate to send the bill to the presidents desk. but no sooner had the house passed the bill than texas senator ted cruz, the high priest of self-promotion, threatened to filibuster it. that completely self-serving decision then forced republican senators to join democrats to ensure passage of what should be the routine task of extending the nati...

Negative consequences including restraining economic growth in the long term, giving policymakers less flexibility to respond to unexpected changes and eventually the risk of a fiscal crisis. >> on the senate side, harry reid praised boehners decision. >> i commend speaker boehner for doing the right thing. >> but he threw this barb at house conservatives. >> i put nothing past a tea party driven congress. >> the call for a clean vote stand in stark contrast to what they breached in the george w...

You might remember congress suspended the debt ceiling in october a move that ends tomorrow and resets the clock. under the law, congress must raise the debt ceiling to account for any spending its already authorized. the treasury secretary recently said theres a title window here for the congress to act. >> unlike other recent periods when weve had to use extraordinary measures to continue financing the government, this time, these measures will give us only a brief span of time before we run o...

Agreement on the initial act. as part of the debt ceiling deal, searching for that puts them in a flux >> what is the administration pushing for? >> a clean debt ceiling and the treasury secretary said this morning to just get it done. >> the bottom line is time is short. congress needs to act to extend the borrowing authority for our nation and it needs to act now. it is important to remember that increasing the debt limit is congresss responsibility and congresss alone. >> no one wants to spoo...