New Jersey 101.5 » borrowing limit

Obama Signs Bill Averting Government Default

Townsquare News Network — Tue, 05 Feb 2013 05:21:42 +0000

President Barack Obama has signed into law a bill raising the government's borrowing limit, averting a default and delaying the next clash over the nation's debt until later this year.

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Congress Passes Bill to Extend Borrowing Authority

Townsquare News Network — Fri, 01 Feb 2013 05:31:21 +0000

Congress has approved must-do legislation to permit the government to borrow hundreds of billions of dollars more to meet its obligations, averting a first-ever government default that had loomed as early as mid-February.

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U.S. Treasury Takes Steps to Avoid Borrowing Limit

Dave Polaski — Thu, 27 Dec 2012 04:13:00 +0000

The U.S. Treasury Department will begin taking steps this week to delay hitting the government's $16.4 trillion borrowing limit. Without those steps, the debt limit would be hit on Dec. 31.

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White House to Seek Increase in Borrowing Limit

Townsquare News Network — Tue, 27 Dec 2011 17:37:59 +0000

The Obama administration will ask Congress to raise the nation's borrowing limit by $1.2 trillion this week, marking the third and final increase from a deal negotiated over summer.

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