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Debt Ceiling

The Takeaway

Rep. Chris Van Hollen on 'Cap, Cut and Balance'

Monday, July 18, 2011

With just over two weeks left until the August 2 deadline to raise the debt ceiling, Congress is expected to vote on the Republican "cap, cut and balance" plan, which would cut spending and raise the debt ceiling, while amending the Constitution to require a balanced budget. And while the measure may pass in the House, few expect it to get through the Senate. 

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The Takeaway

Rep. Nan Hayworth Says Tax Increases are Non-Starter in Debt Talks

Monday, July 18, 2011

After a weekend of relatively little progress on the debt-ceiling negotiations, Congress is still far away from any sort of compromise. This week, Republicans intend to vote on a "cap, cut and balance" plan, aimed at capping federal spending, cutting the deficit and amending the Constitution to require a balanced budget. They would also lift the debt limit. The deal may get enough support in the House, but it's less likely to pass the Senate.

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WNYC News

Financial 411: Weekly Business Roundup

Friday, July 15, 2011

Who could be the big loser in New York City, as Washington debates the nation's debt ceiling? We'll review this week's business headlines.

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It's A Free Blog

Opinion: Why Most People Want More Cuts - And More Taxes

Friday, July 15, 2011

It's a shame that the real champions of this story aren't particularly powerful - another example of how moderates are losing clout.

-Solomon Kleinsmith, It's A Free Country blogger.

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The Brian Lehrer Show

Economic News Round-Up

Friday, July 15, 2011

Diane Swonk, Chief Economist for Mesirow Financial, and WNYC business and economics editor Charlie Herman discuss the debt ceiling negotiations, recent jobs numbers, and other economic news.

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The Takeaway

House Democratic Leader Congressman James Clyburn On Debt Limit Talks

Friday, July 15, 2011

Another week ends with little progress made in the debt ceiling talks in Washington. President Obama will speak at a press conference for Friday morning at 11 a.m. (EST), but all indicators point to little headway being made towards a compromise. 

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The Takeaway

In Debt Talks, Norquist Holds Republicans to No-Tax Pledge

Friday, July 15, 2011

Tensions have been escalating between Republicans and Democrats in debates this week over the debt limit, as they struggle to reach an agreement about the budget by August 2. President Obama will speak about it in a press conference this morning at 11 a.m. (EST). Heading into the weekend, neither side is budging, and for the Republicans, some say that’s in large part because of one person.

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The Takeaway

China Weighs in on Debt Debate; Anyone Can Be a 'Budget Hero'

Friday, July 15, 2011

China is weighing in on U.S. lawmakers' failure to make any meaningful progress on the government debt limit, during increasingly tense budget talks in the White House. China holds more than $1 trillion in U.S. Treasury securities, and a failure to reach a debt agreement would result in a credit downgrade for the United States, and devalue China’s holdings.

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The Takeaway

Moody's Mark Zandi: 'We Need to Raise the Debt Ceiling'

Thursday, July 14, 2011

Earlier this morning, credit ratings agency Moody's moved one step closer to downgrading the United States' Aaa rating when it announced the country's credit rating is under review. The move ramps up pressure on the White House and Congress to reach a deal on raising the nation's $14.3 trillion debt limit before August 2.

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The Takeaway

Can You Fix The Budget Crisis? New Game Challenges Users' Problem Solving Abilities

Thursday, July 14, 2011

As the president and lawmakers battle over raising the deb limit and the federal government's current budget crisis, many voters feel frustrated and powerless. But what if you were offered an opportunity to find your own fix? A new online game challenges users to come up with their own compromises and solutions to the current problems facing the country's coffers. Want to play? Can you win?

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It's A Free Country ®

Nobody's Impressing Voters Right Now, but Republicans Facing Most Blame

Thursday, July 14, 2011

As the debt ceiling negotiations get scrappier, a new poll shows that a majority of voters approve of the way Obama is handling the economy, and that more will blame Republicans than the president if a deal doesn’t happen.

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The Takeaway

As Debt Talks Falter, Moody's Places U.S. Credit Rating Under Review

Thursday, July 14, 2011

Responding to concerns that lawmakers in Washington will fail to reach an agreement on raising the country's debt threshold, credit ratings agency Moody's placed the U.S.'s credit rating under review for the first time since the federal government shutdown in 1995. The U.S. still risks losing the Aaa rating it has had since 1917, even if lawmakers come to a last minute agreement before the August 2 deadline.

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WNYC News

Financial 411: Managing Your Manager

Wednesday, July 13, 2011

Markets

After three days of losses, markets returned to positive territory on Wednesday, spurred on by Federal Reserve Chairman Ben Bernanke's comment that the Fed is prepared to do more to stimulate the economy if it falters. News Corporation added 58 cents after the beleaguered media giant announced it will abandon a bid for full control of a British satellite broadcaster.

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It's A Free Country ®

Debt Ceiling 101: Explainers, Analysis, and Commentary

Wednesday, July 13, 2011

The debt ceiling! We've all heard about. Many of us have spoken about it. But what the heck is it? Why does it matter? What can be done about it?

It's A Free Country has all the answers:

 

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It's A Free Country ®

Representative Nan Hayworth on the Debt Ceiling

Wednesday, July 13, 2011

The closer we bring our tax structure to being flat, the better we’ll all be... When you have a flatter structure, when you have more of us participating in the federal revenue collection, if you will... then those who may earn more will save and invest more, and that’s what we want.

Nan Hayworth, Congress Member (R-NY-19), on The Brian Lehrer Show.

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The Takeaway

McConnell Proposes 'Plan B' on Raising the Debt Ceiling

Wednesday, July 13, 2011

As the August 2 deadline to raise the debt ceiling draws closer, there's more talk about the dire economic consequences that will ensue if policy makers in Washington fail to reach an agreement on a budget plan. Senate Republican leader Mitch McConnell says that a bipartisan agreement is not likely to happen, and has proposed a plan in which the president could increase the federal debt limit without Congressional approval.

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WNYC News

Financial 411: Reviewing the Business Headlines

Tuesday, July 12, 2011

There's a new kid on the block. A publisher of small niche newspapers in New York City has jumped into the mayoral race.

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It's A Free Blog

Opinion: Why Can't Washington Cut a Deal? The GOP Doesn't Want One

Tuesday, July 12, 2011

Ultimately, what many in the Republican leadership want is not a sweeping, far-reaching deal. They actually want no deal at all because that would show a functioning government. And their real sweeping, longterm vision is making sure we have a government that doesn't work.

-Justin Krebs, It's A Free Country blogger.

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The Takeaway

The Debt Limit Debate Continues

Tuesday, July 12, 2011

Another shot has been fired in the ongoing negotiations between President Obama and Republican Congressional leaders to raise the nation's debt limit before the August 2 deadline. Obama challenged Republicans in a press conference on Monday, saying that it was time for the GOP to back up rhetoric about tackling the country's long-term debt problems. Republicans leaders have said they will seek a smaller deal with more cuts to social program and no tax increases on the wealthy. Lawmakers will return to the White House for more negotiations this afternoon.

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The Takeaway

A Story Develops: New Jobs Numbers and Rising Unemployment

Monday, July 11, 2011

Last Friday, the new jobs numbers set off a flood of comments from our listeners. As we evaluated what this meant for job-seekers across the country, guests, listeners and others reacted to our coverage and helped to create it.  Below, follow how the story evolved, from our first on-air segment with Dan Gross to an emotional interview from a woman looking for work, to listeners compelled to give their own story.

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