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Obama signs bills raising debt limit, restoring vet benefits

Obama signs bills raising debt limit, restoring vet benefits

President Barack Obama on Saturday signed separate measures into law to lift the federal debt limit and restore benefits that had been cut for younger military retirees. Obama signed the…

Senate lowered secrecy curtain over debt limit vote

Senate lowered secrecy curtain over debt limit vote

Financial markets were watching, the retirement accounts of millions of Americans on the line. Nervous senators were watching too, well aware that political fortunes could be on the line. So…

Senate approves debt limit increase

Senate approves debt limit increase

Legislation to raise the federal debt limit and prevent a crippling government default cleared Congress on Wednesday with an awkward assist from top Senate Republican leaders who were forced into…

Senate plans quick vote on debt limit hike

Senate plans quick vote on debt limit hike

The Senate could approve a one-year extension of the U.S. debt limit by mid-afternoon on Wednesday after Republicans and Democrats agreed to shorten debate time ahead of an approaching snowstorm,…

House approves ‘clean’ debt limit extension

House approves ‘clean’ debt limit extension

The House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved into President Barack Obama’s demands to allow a debt limit increase without…

Deja vu? U.S. has a new debt limit to face

Deja vu?  U.S. has a new debt limit to face

The U.S. government is getting a new borrowing cap Friday, almost four months after Washington defused October’s government shutdown and debt crisis. The new cap on borrowing is expected to…

Must Congress raise debt limit?

Must Congress raise debt limit?

Congress needs to raise the debt limit and take away the “cloud of uncertainty” about the nation’s ability to pay its bills, Treasury Secretary Jack Lew said in an interview…