President Barack Obama has signed a measure into law reopening the federal government and averting a potential default.
There were suggestions from leaders in both parties that the government shutdown, heading for its second day, could last for weeks and grow to encompass a possible default by the Treasury if Congress fails to raise the nation’s debt ceiling.
Struggling for the upper hand in the next round of debt talks, Republicans and Democrats this weekend drew lines in the sand they said they’d never cross when it comes to the U.S. debt limit.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
An interview with UC Berkeley Professor of Economics and Law Alan Auerbach on the fluctuating state of the economy and what needs to be done to improve it.
State Treasurer Bill Lockyer on Monday said there’s no reason the ratings downgrade of the federal government will have an immediate effect on California but cautioned the state is still on the mend.
Funding for high speed rail, which remains uncertain, could be further jeopardized by the budget deal that avoided default.
San Jose State Economics Professor Jeff Hummel has said it would have been a good thing if the government had defaulted on its debt.
Nearly half of all Californians think the Tea Party political movement is bad for the nation, according to a new KPIX-TV CBS 5 poll designed to gauge voter attitudes about the latest federal budget deal struck on Capitol Hill.
The debt plan’s details are minimal at this point, but it would add to the nation’s debt limit in a two-part package, while slicing $1 trillion in federal spending over the next decade.