Page 39 - Borrowing Authority News Today

This debt ceiling deal. bottom line, the house budget chairman says something should be attached to extend the nations borrowing authority. >> usually, whoever a president is, whoever is running congress, there is policy attached to the debt limit. thats not a new idea. what we dont like is this idea of continually rubber stamping debt limit increases without acknowledging the problem that got us into debt in the first place. >> reporter: the house gop leadership should have a better sense of wh...

The republican house is expected to push a bill forward that would tie the increase to the obamacare preforms and the keystone pipeline. mike emanual is live and what is the republican plan as understand it? >> some ideas are including the keystone pipeline project and making sure the taxpayers are not on the hook for the bailout of obamacare. and the chairman says something should be attach today extending the nations borrowing authority. >> usually, whoever is running congress, there is a poli...

The nations borrowing authority until late february or early march 2014. just in time for spring break, guys. another debt ceiling fight would be a big risk for stocks. 46 records and what a year its been. the dow is up 23%. the nasdaq up 34%. the s&p 500 up a whopping 27% this year. if you want to fly your child unaccompanied on united, its going to have to be a nonstop flight now. united says it wont fly unaccompanied kid 5 to 17 years of age on flights with connections anymore. so there you...

A friday "money time." things have been going better. the economy -- there you go. the taper seemingly well played, ben bernanke and the markets making new highs but its back to cause a potential disaster. do you know what im talking about? the dreaded debt ceiling. if congress fails to raise the debt ceiling and the government ends up gadefaulting is the wor case scenario. only a few weeks away, in a letter to congress, he said by using extraordinary measures to stretch our finances, he could w...

White house officials it doesnt really matter if he signs it tonight or tomorrow morning. you heard jay carney say that really the borrowing authority expires after tomorrow night. midnight thursday going into friday. >> do you have a sense of the mood of the staff at the white house? how theyre viewing events tonight? >> reporter: i think theyre relieved that its over. i think they definitely recognize thought was republicans who were the losers in all this. but i also think that theres been so...

So extend the nations borrowing authority until january 30th, and to stretch the dollars longer than that. they are due to report back in mid-december. meanwhile, after a roller coaster day and several attempts in the house to try to strike a deal, it is now clear the house is finished, for now. >> no votes for tonight, well see you in the morning. short and sweet, there was conservative concern in the house of representatives and it was clear from talking with house democratic leaders that they...

Let the house republican leadership see if they could get something done. but after that failed all eyes are back on the senate. lets take a look at what were hearing from both the republican and democratic sources on this package. about three months, increase the debt ceiling, the nations borrowing authority, and increase the amount for those who receive subsidies, and increase the budget for a long-term deficit deal. there was a focus during the day on the house of representatives. there was p...

So extend the nations borrowing authority until january 30th, and to stretch the dollars longer than that. they are due to report back in mid-december. meanwhile, after a roller coaster day and several attempts in the house to try to strike a deal, it is now clear the house is finished, for now. >> no votes for tonight, well see you in the morning. short and sweet, there was conservative concern in the house of representatives and it was clear from talking with house democratic leaders that they...

What happens if that does happen? >> its not as clear that were counting down to a specific time. everybody in global markets is watching this event here in washington but the question is what happens tomorrow? the treasury has said as of tomorrow theyll have about $30 billion left in the coffers. they have run out of borrowing authority. that means they have to operate the u.s. government and all of its vast expenditures just based on the tax revenue that comes in day by day. but its a little b...

Senate compromise. thats significant because even if there arent a lot of conservatives on the board, boehner is willing to put it on the floor. there will probably be just enough republican votes combined with democrats in the house to get this passed. but none of that is certain. thats what we expect. but again, we cant assume anything at this moment. thats why we have not yet seen the president, were told, because he wants to make sure that these votes actually move forward and this deal gets...