Page 46 - Borrowing Authority News Today

Budget choices setting up a major showdown in the house next wednesday. a terse one-sentence letter from president obama to house speaker john boehner full of bureaucratic jargon about the nation being in $100 billion of the limit in u.s. code 313101b. what it means is the americas debt is so out of control its bumping up against the ceiling again. so the president wants congress to give another $1.2 trillion in borrowing authority based on the bipartisan deal cut last summer. >> the leaders of ...

>> bret: every week viewers vote for your choice online in the friday lightning round. this week, charles pick won by a land slide. well reveal what that was in a moment. but first, one day after asking congress for $1.# trillion in borrowing authority, the president announced today he wants to shrink the government. take a listen. >> with or without congress i am going to keep at it. it would be easier if congress helped. this is an area that should receive bipartisan support. making our govern...

Of the election year. >> we need a president, ladies and gentlemen, that is going to stand up and say we have an economic deficit. its called $15 trillion in debt. >> the president will get his money because in exchange for budget cut the summer deal gave him chunks of borrowing authority, known as tranches to prevent the government from defaulting. house republicans will likely have the votes next week to disapprove of the final tranche, $1.2 trillion in borrowing. the democratic run senate is ...

This at the request of congressional leaders. the white use had been prepared to ask for the increase today, because the government is now within $100 billion of exhausting its current borrowing authority. but senior white house official says that congressional leaders have now asked the white house to delay that request so members will have time to voice their opinions. the treasury department does have some leeway on that $100 billion left to spend. and in our latest nbc news/maris poll, rick ...

way. in the end house speaker john boehner, he caved in and he gave in to political pressure but still he defends the stand that he took. >> we have fought the fight, the good fight, but i talked to enough members over the last 24 hours who believe that, hey, listen, we dont like this two-month extension. we dont like this reporting problem in the senate bill and if you can get this fixed, why not do the right thing for the american people even though its not exactly what we want. >> i...

hes going to have some time to relax with his family. this is a good time for him to reflect in hawaii. it is not just where he grew up. lets not forget he was born, t.j., in hawaii. even though there was a controversy, a at least maybe some people still believe he wasnt born in hawaii. but he was born in hawaii. hes got a lot of old friends there. he deserves some time off. hes got a lot going on. but even as hes on vacation, every president is never completely on vacation. hell have ...

Process, the automatic cuts are a function of the debt limit increase deal. if you remember, the president didnt want any cuts attached to that. he wanted a clean debt ceiling. he wanted no spending attached to it. he fought it until the end. forced to take it and run out of borrowing authority. so he had to swallow it. now he is ultimately the veto because the supercommittee failed. interesting. >> shannon: we know that senators mccain and graham are among those on the hill working on legislati...

america. millions of lives in the hands of one commander in chief. its what legacies are made of. >> a date which will live in infamy. >> for better -- >> mr. gorbachev, tear down this wall. >> -- and for worse. >> that is not to do anything, that would endanger the lives or safety of the hostages. >> in war -- >> just two hours ago allied air forces began an attack on military targets in iraq and kuwait. >> -- and peace. on the day everything changed. >> thousands of lives were sudden...

defend the united states of america. millions of lives in the hands of one commander in chief. its what legacies are made of. >> a date which will live in infamy. >> for better -- >> mr. gorbachev, tear down this wall. >> -- and for worse. >> that is not to do anything, that would endanger the lives or safety of the hostages. >> in war -- >> just two hours ago allied air forces began an attack on military targets in iraq and kuwait. >> -- and peace. on the day everything changed. >> th...

millions of lives in the hands of one commander in chief. its what legacies are made of. >> a date which will live in infamy. >> for better -- >> mr. gorbachev, tear down this wall. >> -- and for worse. >> that is not to do anything, that would endanger the lives or safety of the hostages. >> in war -- >> just two hours ago allied air forces began an attack on military targets in iraq and kuwait. >> -- and peace. on the day everything changed. >> thousands of lives were suddenly ended ...