Page 41 - Borrowing Authority News Today

Responsibilities, reopen the government and make sure that the full faith and credit of the united states is upheld as it has been in the past. john. >> jay, what exactly is the deadline? >> for? >> raising the debt ceiling for default? >> well, those are two different things as weve been explicitly clear about. on october 17th as the treasury secretary has noted many times, the united states runs out of borrowing authority. beyond that point, we only have cash on hand available to pay our bills...

Legislation is if you go across and talk to mrs. pelosi and come up with democratic votes violating the hasturd rule. the republicans want to reopen the government, but at the end of the day, i do endorse the theory and i think joe would, too, that if the president and the democrats want to have another trillion dollars of borrowing authority, you should have a conversation as to why we need to borrow another trillion dollars. and if the president was willing to do that in a meaningful way, this...

And the logic that led to us getting close to the point beyond which the treasury can no longer use borrowing authority. and its time for rational -- a rational approach to be taken by leaders in congress towards these serious challenges, because theyre -- we should -- as the president said all along, we should sit down and work out our differences, find common ground on our budget priorities. the president has been meeting with republicans, talking to republicans all year long in search of that...

Secretary or administration would willfully choose to have the catastrophic defaults occur when its not necessary. so this is pretty well understood in financial circles. you see treasury provides have barely moved. i have legislation that would codify and formalize the obligation to make sure under no circumstances we would default on our debt. interestingly, the white house threatened to veto it precisely because they want to be able to hold the specter of a catastrophe in front of republicans...

Down. it is entirely within the power of the speaker of the house and republicans in the house to reverse that by allowing a vote on a clean cr to reopen the government and we hope they will. the consequences of the shutdown are many and they are compounding. various economists have noted the impact of a prolonged shutdown on gdp growth and the specific impacts, including the ones i just mentioned continue. and the consequences of, you know, real and resonate for millions of americans. when it c...

There was a time when republicans had a strong grasp of what that meant, one hopes mr. boehner still does. >> one of the things i dont understand, andrea, is why this president for the first time in well over 30 years should be the first president that gets some huge increase in his borrowing authority without doing anything about the structural problem that gives rise for the need for this borrowing, which is the excessive spending and deficits. you know going back certainly as far as ronald re...

In washington, the united states is edging closer to the possibility of the first-ever default on the governments debts. >> the bottom line on this whole shutdown deal is -- >> federal government, still shut down. >> it does not seem like this is coming to an end any time soon. >> okay. its now week two of the shutdown. >> judging by the weekends comments -- >> i told the president -- >> we would be looking at week three very easily. >> its been a long shutdown already. >> speaker john boehner h...

For the first time in history. great to see you on this monday. jon: and it is our 17th birthday here on fox news channel. welcome to the second hour of "happening now." im jon scott. were live on capitol hill. right now the raindrops are falling and the house is meeting. as the shutdown blame game rages on and both sides dig in on raising the debt ceiling. house speaker john boehner making his position very clear ruling out a house vote to boost the nations borrowing authority without concessio...

>> reporter: among the big questions for al libi is where al zawahiri is hiding and where and when is the next attack against the u.s. likely to come. the cia no longer use water boarding or enhanced techniques that were widely considered to be torture. instead they rely on time. time to play mindgames and wear down the suspect. brian ross, abc news, new york. >> thank you, brian. in other news this morning, the government shutdown enters the second week with no resolution in sight. adding to ...

Writes in the latest issue of the magazine, be the shutdown is costing the u.s. economy $300 million a day. according to ihs, a global market research firm and its only the latest sign suggesting that the old adage republicans are the party of business no longer holds true. from the austerity imposed by the sequestration to the refusal to reform immigration laws to the shutdown and now as appears likely another debt ceiling showdown, when the u.s. borrowing authority expires on october 17th, the...