The stalemated political tug of war over raising the debt ceiling has Mayor Michael Bloomberg saying it’s already hurting our reputation in the minds of investors around the world.
New York Sen. Charles Schumer says failure to the national debt crisis threatens New Yorkers’ Social Security and veterans’ benefits checks.
US Representative Eliot Engel says compromise over the debt ceiling may not be achievable and says the president should act unilaterally.
The standoff on Capitol Hill over deficit reduction and raising the debt ceiling shows no signs of breaking.
If a deal is approved, Connecticut could avoid laying off state workers. On the verge of that approval, Gov. Dan Malloy spoke with WCBS 880 about the state’s budget and the debt-ceiling debate in Washington.
Republican Rep. Peter King of Long Island says if President Barack Obama and House Speaker John Boehner don’t come back together to get a deal to raise the debt ceiling, then, in his words the House will reach its own agreement with the Senate.
Strong profits and a bipartisan plan to lift the U.S. debt limit drove a stock market rebound Tuesday.
Bloomberg said talk about deficit reduction and the debt ceiling need to be separated. He says that would increase the likelihood of a deal and reduce the odds of financial damage to the economy.