Debt Ceiling

President Barack Obama speaks about the government shutdown and debt ceiling standoff in the Brady Press Briefing Room of the White House in Washington, DC, October 16, 2013. (Saul Loeb/AFP/Getty Images)

Obama Signs Bill To Avert Default, Open Government

President Barack Obama has signed a measure into law reopening the federal government and averting a potential default.

10/16/2013

(CBS)

Gov’t Shutdown Blame Game Starts With No End In Sight

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.

10/01/2013

Nancy Pelosi

Pelosi: Don’t Tie Spending Cuts To Debt Ceiling Deal

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.

01/07/2013

Grover Norquist (Credit: JIM WATSON/AFP/Getty Images)

Opinion: Grover Puts Himself Before Party And Country

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.

11/21/2012

Credit card transaction, economy, commerce, retail,

KCBS In Depth: The Economy

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.

CONNECT WITH KCBS–08/14/2011

People walk past the New York Stock Exchange during afternoon trading on August 4, 2011 in New York City. The Dow dropped more than 300 points on fears of a deepening European debt crisis and possible double-dip recession in the United States. (Mario Tama/Getty Images)

Treasurer: Downgrade Expected To Have Little Effect On Calif.

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.

KPIX 5 | CBS San Francisco–08/08/2011

CA high speed rail

Budget Deal Could Jeopardize Bay Area High Speed Rail

Funding for high speed rail, which remains uncertain, could be further jeopardized by the budget deal that avoided default.

CONNECT WITH KCBS–08/03/2011

The National Debt Clock is seen on the corner of Sixth Avenue and West 44th Street on August 1, 2011 in New York City. (Andrew Burton/Getty Images)

SJSU Professor Says Default Preferable To Debt Deal

San Jose State Economics Professor Jeff Hummel has said it would have been a good thing if the government had defaulted on its debt.

KPIX 5 | CBS San Francisco–08/01/2011

(AP graphic)

CBS 5 Poll: Nearly Half Of Californians Think Tea Party Is ‘Bad For America’

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.

KPIX 5 | CBS San Francisco–08/01/2011

Congresswoman Barbara Lee (D), Congressman Dan Lungren (R)

NorCal Lawmakers Respond To Debt Plan

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.

CONNECT WITH KCBS–08/01/2011

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