Page 18 - Borrowing Capacity News Today

American people wont tolerate is obstructionism. the majority needs to be given a chance to work as well. >> as you know, we are facing a more potentially disastrous deadline, october 17 for the nations borrowing limit for the debt ceiling to be raised lest the country default on its obligations. let me put this to you very, very clearly. is october 17 also the day the country defaults? >> let me be clear. we actually hit the debt limit from may. from may until this week, weve been using what ar...

To stretch the countys borrowing company. they lose the ability to borrow money on october 17th if they dont raise the debt ceiling by then. here is lew. >> the dangerous thought that there is always something in the drawer. on tuesday i took the last steps i could take to create borrowing capacity. i dont have any more what used to be called extraordinary measure. >> once they run out of the ability to borrow it will have to operate on cash which lew says wont last long. the law has no play boo...

No more. this is your johnny boehner, ladies and gentlemen. i said several months ago -- maybe i ought to repeat this. maybe this ought to be it. rather than calling it obama care, we should call it boehner care. boehner wont even fight. is the word pathetic appropriate? i think its appropriate. >> you must be really miserable listening to a guy like that on the rodeo. welcome back to "hardball." conservative right-wing radio show mark levin calling speaker of the house johnny, first of all and ...

Nations debt if president obama doesnt cede to their demands in negotiations leading up to the end of the year. in other words, the fight is on now. will boehner, it seems like he wants to do it, willing to risk those who want to default. the treasury secretary jack lew, there he is, urged congress to act right away, because as our fiscal year ends, the united states will also run out of its money to pay our bills. our borrowing capacity will be exhausted by the middle of october. the republican...

>> they just said we might not have school this week. >> we talk about the budget control act and the sequester, its easy to lose sight of the fact that the place for austerity is hitting hardest is on states and local municipalities that dont have the federal governments borrowing capacity. the places getting squeezed the hardest are the places that dont have a lot of money to begin with. the medium household income in buena vista between 2007 and 2011 was just over $26,000. state and local gov...

>> we talk about the budget control act and the sequester, its easy to lose sight of the fact that the place for austerity is hitting hardest is on states and local municipal y municipalities that dont have the federal governments borrowing capacity. the places getting squeezed the hardest are the places that dont have a lot of money to begin with. the medium household income between 2007 and 2011 was just over $26,000. state and local government revenues were absolutely gutted when wall street ...

And how to extend our nations borrowing capacity. really took center stage this week. its the one place where the gop still feels like they have leverage and where they might be able to try to trade in for some sort of deal, even if it is having a lower rate for some of those higher earns. than the president had initially asked for. >> meredith, you talk about those who ran on certain principles. i have to point out then tim kaine who successfully got the senate seat out of virginia, a battle gr...

>> not indefinitely, because theres no doubt that if the united states continues down the road that hank has been correctly identifying, were going to find that our ability to borrow is going to get restrained because throughout our history we have always maintained a capital cushion, cushion between our borrowing capacity on the one hand and the level of debt on the other. that is beginning to shrink. and if we get to the point where we are having difficulty selling our security, treasury issue...

>> not indefinitely, because theres no doubt that if the united states continues down the road that hank has been correctly identifying, were going to find that our ability to borrow is going to get restrained because throughout our history we have always maintained a capital cushion, cushion between our borrowing capacity on the one hand and the level of debt on the other. that is beginning to shrink. and if we get to the point where we are having difficulty selling our security, treasury issue...

Cushion between our borrowing capacity on the one hand and the level of debt on the other. that is beginning to shrink. and if we get to the point where were having difficulty selling our security, our treasury issues, then interest rates begin to move, and our ability to move internationally to essentially be the major currency, the major economy, the major economic power in the world is significantly diminished. history tells us that great powers when theyve gotten into very significant fiscal...