Page 6 - Borrowing Cap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Senate democrats set up a new showdown on the debt limit. jenna: lucky number eight. right? jon: how long will it go? that's 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 nation's 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 that's the way to go. all this as the nation's debt skyrockets amid warnings the u.s. is just days away from the threat of default. there may be progress on the budget batt...

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 country's 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 don't get our way? >> the president's refusal to talk is resulting in a possible default on our debt. all we have to do is pick up the p...

House. >> we're 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 nation's borrowing cap. he wrote in part, as of today, treasury has begun using the final extraordinary measures. there ar...

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. it's not worried about a two to three day shutdown. >> sit tight, close our eyes, let go like we're on a roller coaster, and then open them up. >> that's right...

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. it's 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 overwhelming debt that they still haven't been able to really significantly impact yet. and how that will de...