February 12, 2014 The Senate has voted to extend the federal debt limit, giving final congressional approval to a bill that is meant to cover the government's finances into 2015. The measure passed on a 55-43 vote.
February 11, 2014 Congressional reporters quickly note that Rep. Paul Ryan was one of many Republicans who voted "no." The vote came after the Republican majority abandoned its hopes to tie other legislation to the debt measure.
Treasury Secretary Jacob Lew on Monday.
Saul Loeb /AFP/Getty Images
February 3, 2014 Jacob Lew says the limit on borrowing needs to be raised before the end of the month. Otherwise, he warns, the federal government risks defaulting on its debts — and Lew says that could cause serious damage to the economy.
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The House of Representatives (Jan. 3 file photo).
Kevin Lamarque /Reuters /Landov
January 23, 2013 The "No Budget, No Pay" act would withhold lawmakers' pay if they don't pass a new budget by April 15. In exchange, Republicans say, the borrowing limit would be extended into May. That would avoid another battle over raising that borrowing ceiling.
January 22, 2013 Republicans, who control the House, plan to vote Wednesday on a debt limit extension that's tied to a call on the Senate to pass a budget that includes cuts in spending.
No, this isn't worth $1 trillion. It's a commemorative coin minted in the U.K. in 2008. But some have suggested the president's image should be on it if he orders up a $1 trillion coin.
Christopher Furlong/Getty Images
January 10, 2013 In theory, some say, President Obama could have a $1 trillion coin made and that would head off the next big battle over the federal government's debt ceiling.
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July 29, 2011 House Speaker John Boehner will try again to win votes for his debt limit legislation; Norway mourns shooting and bombing victims; tropical storm Don
July 27, 2011 House Republicans delay vote on debt limit plan; mayor of Kandahar murdered; Britain will recognize Libyan rebels as legitimate government; landslide kills at least 32 in South Korea
July 25, 2011 Congressional leaders are writing separate debt plans; a Norwegian judge has closed the initial court appearance of accused mass shooter; same-sex couples start to wed in New York state; Australian Cadel Evans wins Tour de France
July 22, 2011 Debt talks draw fire from Democratic senators; two former News of the World staffers allege James Murdoch misled British lawmakers; there's record heat in the central and eastern U.S.; and the UN calls an emergency meeting to discuss famine and drought in Somali, which rebels say isn't so bad
July 21, 2011 There may be movement in contentious debt limit talks; record heat kills at least 22 people in the U.S.; Japan will soon evacuate people from hot spots where high radiation levels have been discovered; and Georgia delays a scheduled execution because another inmate's lawyers want to record it.
July 19, 2011 Rupert and James Murdoch will testify before British lawmakers, and so will former News International executive Rebekah Brooks; House lawmakers will vote on a balanced budget amendment today; heat grips the central U.S.; another dust storm strikes Phoenix
July 18, 2011 Congressional negotiators and President Obama talk about the debt ceiling; new developments in the British phone hacking scandal; Gen. David Petraeus transfers control in Afghanistan; and there are dangerous heat conditions in the central U.S.
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