Page 7 - Debt Ceiling Increases News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Do you buy that? >> reporter: they are saying that the growth of the chinese economy will be such that it will surpass the size of the u.s. economy by at least one measurement. i do think that there is legitimate worry that the united states is in for a period of sluggish growth, high debt, and kind of a debt overhang that will persist and be a dragon the economy for a very longtime. and i would sense that this ims statement is just one further manifestation of that. jenna: let's talk a little bit about how the plays into the debt ceiling increases or the vote for that. i was taking a look at ...

Forward. you made that clear. there is a growing discrepancy between the to democrats on capitol hill about whether they have the votes. but let me start with robert gibbs left off. deeming it passed. the house members who want this bill wouldn't vote up or down on it, but they would deem the senate bill passed and they could avoid actually having to stay they voted yes on the senate bill. is this irregular? the democrats say it's not. >> megyn, everybody knows, occasionally they used a deeming procedural vote on debt ceiling increases. but i don't think anybody thinks there has ever been an i...

Lawmakers willingly use as a bargaining chip tied to budget priorities. fiscal policy like spending and tax cuts can help drive the economy out of recession. increased military funding can respond to national emergencies like the 9/11 terrorist attacks. flexibility is built into debt ceiling increases and has been used 22 times in the past 23 years. >> it's become a political football. what happens is instead of using the debt ceiling as a reminder or knowledge to get us back onto a smart and sustainable fiscal path, lawmakers and up holding it hostage and it becomes politicized. >> treasury s...

It's now a political tool that lawmakers willingly use as a bargaining chip tied to budget priorities. fiscal policy like spending and tax cuts can help drive the economy out of recession. increased military funding can respond to national emergencies like the 9/11 terrorist attacks. flexibility is built into debt ceiling increases and has been used 22 times in the past 23 years. >> it's become a political football. what happens is instead of using the debt ceiling as a reminder or knowledge to get us back onto a smart and sustainable fiscal path, lawmakers and up holding it hostage and it bec...

Responsible. >> the only problem for john boehner and company, you couldn't just tell them they can't. they wouldn't accept that. so at the retreat this weekend, house republican leaders have been trying to coax their leaders down from the tree, not all the way, not completely on to solid ground, but maybe on a more secure branch. house majority leader eric cantor said next week, we'll authorize a three-month temporary debt limit to give them more time. further if they fail to pass the budget in that time, the members of congress won't be paid by the american people for failing to do their job...