Page 3 - Borrowing Cap News Today

The bill. the new measure lifts the countrys borrowing cap by $480 billion. temporarily putting off with treasury secretary janet yellen warned would be a catastrophic economic crisis. senator mcconnell insists senators will not help again in december. chuck schumer spoke on the senate floor after the vote. >> republicans played a dangerous and risky partisan game. i am glad their blinksmanship did not work. they insisted they want a solution to the debt ceiling, but said democrats must raise it...

Brinkmanship is add to go wall street worries. it is just another thing on the list concerning investors. september actually was the stock markets worst month in a year. it looks like inflation will stick around longer. that is causing bond yields to rise and high-flying tech stocks to fall. when the september jobs report comes out on friday, investors want to see how wages are increasing and whether that is feeding into this inflation narrative. overall, economists predict the u.s. economy adde...

Can have your house flooded. >> just for clarity, theres people right now suffering that are looking for immediate answers. for claritys sake, if you have a flood insurance policy and youve been paying your premiums, call and get your claim in. theres no problem, theres no shortfall. we have enough money to meet those claims. youll get what you have coming to you under your policy. thats the first answer from the national flood insurance program. the second one for people watching this, you have...

Still run the risk of having your house fld. >> so a couple of questions here and im going to give you a question of answers first. just for clarity because there are people right now that are suffering that are looking for immediate answers. if you have flood insurance policy and youve been paying your premiums, call and get your claim in. there is no problem, there is no shortfall. we have enough money to meet those claims and youre going to get what youve got coming to you on your poll. so th...

A top senate conservative is calling it quits two years early. republican tom coburn of oklahoma will resign at the end of the current congressional term. he has been battling a recurrence of prostate cancer, telling abc news earlier this week he only has five to ten years to live. this move means both of oklahoma senate seats will be up for grabs in november. the new trillion dollar budget is heading to president obama for his signature. it passed easily in the senate yesterday. the spending ...

Senate democrats set up a new showdown on the debt limit. jenna: lucky number eight. right? jon: how long will it go? thats the question. jenna: great to see you on a day like today, a big news day. congress back in session and democrats are now pushing a stand alone measure to boost the nations borrowing cap. but the g.o.p. wants the bill to make a dent in the deficit and there are fears they could filibuster. others say thats the way to go. all this as the nations debt skyrockets amid warnings...

The z will get that $16.7 trillion borrowing cap and on sunday secretary jook lew blanketed the sunday shows and republican and congress are playing with fire by demanding concessions before promising to pay the countrys bills. >> what would it mean if we are not able to pay millions of people on social security on time and we are not able to pay hospitals through medicare and medicaid on time. it is reckless and irresponsible to bring all of that down if we dont get our way? >> the presidents r...

House. >> were trying to protect the lives and health care of these wonderful veterans who did for us. >> a spokesman for the national park service says they did not want to shut down the monument but were instructed as a federal agency to close the grounds. with all of washington not getting the government up and running, jack lew chiming in as to how all of this could impact the looming debt ceiling issue. yesterday lew sent a letter to skron boehner warning about the nations borrowing cap. ...

Which basically looks at our credit, downgraded the u.s. credit rating for the first time ever. the dow had a 635-point plunge. now, it did come back. and the bulls have been roaring ever since. so it really depends on how long lasting this is, and if we actually default. we have never defaulted as a country before. so lawmakers really do have to come to some agreement on the borrowing cap. and that is what wall street is worried about. its not worried about a two to three day shutdown. >> sit t...

But then it went up. gdp went up to 7.2%. these are two different economies, but the main thing is wall street is not worried about the government shutdown. its worried about the fact that there is such intransigence in washington there may not be a deal on the next fiscal crisis that is much more significant. that comes in mid-october over the debt limit and whether or not we will raise the borrowing cap. then we can see investors really get spooked. >> that raises the issue about the overwhelm...