Page 47 - Maxed Out News Today : Breaking News, Live Updates & Top Stories | Vimarsana

He has almost no incentive to stay in this country. >> we believe that we will prove in our judgment that mr. strauss-kahn is innocent of these charges. we think that this case is very defensible. >> a novelist in france says she may file a complaint alleging that strauss-kahn sexually assaulting her as well nine years ago. we have finally done it. the united states of america has maxed out its credit cards and the federal government cannot borrow anymore to meet its obligations. >> it's up to congress to decide what to do next. all we now know how that is going, karen travers is in washingt...

Story bill: it's a weekend to forget with that incident. the credit card for the country now is maxed out, as the debate over whether to raise the debt limit heats up and this will be battle number one in washington. what happens now when the united states cannot pay its own bills? also she was shot through the head 4 1/2 months ago, remarkably space shuttle endeavor is now on its way towards space, and congresswoman gabrielle giffords was here to watch it, and watching her husband lead endeavor's final mission. we'll talk to a doctor about her miraculous recovery. also there's this for ...

Frankly, if i weren't me and i turned the tv on and someone was talking about the debt ceiling, i'd probably change the channel. the debt ceiling in the united states is like a credit limit for the government, and it can only be raised by congress. right now our debt ceiling, $14.294 trillion. that's the credit limit. our debt has piled up to more than $14.26 trillion, about $30 billion shy of the limit. we're going to hit that inside of a month. if our debt reaches the ceiling, the treasury would not be able to borrow any more money, the same way you can't charge it on your credit card when i...

$14.294 trillion. that's the credit limit. our debt has piled up to more than $14.26 trillion, about $30 billion shy of the limit. we're going to hit that inside of a month if our debt reaches the ceiling, the treasury would not be able to borrow any more money. the same way you can't charge it on your credit card when it's maxed out. treasury secretary timothy geithner recently explained why not raising the debt limit would be a catastrophe. >> if we did that, we'd tip the u.s. economy and the world economy back into recession, depression. it would make the last crisis look like a tame, modes...

Election months ago plunged the ivory coast into civil war that's left hundreds dead. what is not immediately clear who arrested him. his advisors say french troops stormed the presidential compound and seized him. but french officials say he was captured by forces loyal to the man recognized by world leaders as the rightful president. he's being held at a hotel where the united nations are headquartered and we are told that he will face justice. if the national debt were a credit card, it would be about maxed out. we're going to tell you what the budget debate in washington will mean for yo...