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

Boehner and congressional republicans for not standing up to the president on the budget. >> instead of a fight for u.s. taxpayers, mr. boehner has been a surrenderist, if that's a word, that waves the white flag before the first shots are fired. >> costume helps, you can tell. boehner has been hit from both sides about our growing debt. he is expected to address this issue this evening, midge or speech to the economic club of new york. he is expected to call for spending cuts, larger than any increase we make to the debt limit. we don't know what baneler say tonight. there is one marker to pu...

Kong hang seng tumbled 494. traders will take on inflation fears as the price of oil spikes in response to violent unrest in libya. u.s. crude oil futures charged fresh two and a half-year highs on concerns of violence in libya to cut the output and potentially spread in the region. on wall street today, earnings from several big retailers will give investors an update on the economy and an all right on consumer confidence and latest data on home prices. overseas, japan's credit rating downgraded from stable to negative over rising concerns of its growing debt. the ceo of houston-based p...

Whenever the markets say it happens. the markets, and we don't know, could react very negatively if no progress is made this weekend to the idea that they can't get it together, that default, which i think the markets had just assumed wasn't going to happen, could happen. and that a serious debt swing at our growing debt might not happen. i mean, this -- there could be a lot riding on what happens this weekend. >> yes. one of the things the dog that hasn't bark sod far is the markets. they have been serene, almost complacent about this on the theory that it's so obviously a bad thing not to ra...

Path, our growing debt could cost jobs and do serious damage to the economy. more of our tax dollars will go toward paying often interests on our loans. businesses will be less likely to open up shop and hire workers in a country that can't balance its books. interest rates could climb for everyone who borrows money. the homeowner with the mortgage. the student with a college loan. the corner store that wants to expand. and we won't have enough money to make job creating investments in things like education and infshqiu(ui+ñ or pay for medicare andj1g medicaid. because neither party is blamel...

Spent more money than we take in. in the year 2000, the government had a budget surplus. but, instead of using it to payoff our debt the money was spent on trillions in new tax cuts. two wars and an expensive prescription drug program were added to our nation's credit card. as a result, the deficit was on track to top one trillion dollars the year i took office. to make matters worse, the recession meant there was less money coming in and it required us to spend even more. on tax cuts for middle class families to spur the economy, on unemployment insurance. on aid to states so we could prevent...