House GOP preparing for debt showdown this summer Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 9:09 am, Wednesday, April 24, 2013 The House Ways and Means Committee passed a bill Wednesday to protect Social Security recipients and investors in Treasury bonds if the government hits the limit of its borrowing authority. In January, Congress suspended the government's borrowing limit until May 18, though Treasury officials are expected to take actions to delay a default until later this summer, perhaps in August.

  • SHOWDOWN: White House Tells Agencies To Prepare For Shutdown; Resistance From Rand Paul & House Dems
    With a midnight government shutdown creeping closer, both Republicans and Democrats grappled with internal party divisions in advance of hoped-for showdown votes Thursday night on a massive budget ...
    02/8/2018 - 12:05 pm | View Link
  • House GOP setting the stage for debt showdown this summer
    Preparing for another debt showdown this summer, House Republicans advanced a bill Wednesday to protect Social Security recipients and investors in Treasury bonds if the government hits the limit of ...
    12/19/2015 - 11:00 am | View Link
  • White House and GOP leaders appear close to budget deal
    Progress toward a budget accord came as a surprise to many who doubted the White House and GOP would be able to come to terms ... steep sequester cuts that were agreed to after a 2011 debt ceiling ...
    10/26/2015 - 3:04 pm | View Link
  • R.I.P. G.O.P.-House Debt Ceiling Proposal Could Bring The Final Curtain Down On The Republican Party
    Looking to find a way out of the government shutdown box the House Republicans have built for themselves, a plan is emerging that would keep the government open in exchange for delaying the real ...
    09/26/2013 - 5:13 am | View Link
  • House Republicans Draft Their Debt-Ceiling Playbook
    "Past experience being what it is, we're preparing for a president ... to be on the medium-term section of the GOP menu. ANOTHER NEW YEAR’S EVE SHOWDOWN At this point, it's unclear when Treasury will ...
    07/8/2013 - 9:56 am | View Link
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