Debt Limit

1:20am

Sun December 2, 2012
It's All Politics

The 3 Unofficial GOP Rules That Are Making A Deficit Deal Even Harder

Originally published on Sun December 2, 2012 5:40 pm

House Speaker John Boehner takes questions during a news conference Friday on Capitol Hill.
Alex Wong Getty Images

Making an already head-splittingly difficult deal on the fiscal cliff even harder to resolve is a set of three rules by which the Republicans who run the House play.

These are not official regulations; they're more shibboleths that House GOP leaders have adopted in recent years. And those rules are leaving House Speaker John Boehner, R-Ohio, little room to maneuver as lawmakers try to avoid a set of tax increases and spending cuts set to take effect at the end of the year.

1. "The majority of the majority"

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11:36am

Thu September 6, 2012
The Two-Way

Obama Was 'Spewing Coals' When Budget Deal Collapsed, Boehner Says

August 2011: President Obama (right) and House Speaker John Boehner at the White House as they and other lawmakers worked to head off a government shutdown that loomed.
Jewel Samad AFP/Getty Images

Some details are emerging from Washington Post journalist Bob Woodward's new book about the 2011 battle between President Obama and congressional Republicans over the budget, taxes and deficit reduction.

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1:58pm

Tue August 7, 2012
Planet Money

Episode 273: When The U.S. Paid Off The Entire National Debt

Originally published on Wed August 8, 2012 12:35 pm

Phil Dokas Flickr
  • Listen to the Episode

On Jan. 8, 1835, all the big political names in Washington gathered to celebrate what President Andrew Jackson had just accomplished. A senator rose to make the big announcement: "Gentlemen ... the national debt ... is PAID."

That was the one time in U.S. history when the country was debt free. It lasted exactly one year.

On today's Planet Money: The legend of the national debt. Where the debt came from, what happened the one time we paid it all off, and why Congress created the debt ceiling in the first place.

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3:32am

Thu August 2, 2012
Politics

Back To The Debt Debacle: A Look At What's Changed

Originally published on Thu August 2, 2012 9:53 am

It was just a year ago that the House rejected a deal with President Obama and threatened to allow the U.S. to default on debt obligations coming due. The Tea Party refusal to raise the debt ceiling led to a downgrade in U.S. credit and a selloff in the markets. NPR's David Welna reports on what's changed since then and what hasn't.

2:58am

Mon July 30, 2012
Book Reviews

A Portrait Of A Country Awash In 'Red Ink'

Originally published on Fri August 3, 2012 3:15 pm

As the federal debt balloons, reducing it would seem more and more pressing. Yet policymakers remain far apart. Debt, deficit and budget rhetoric is often accompanied by numbers cherry-picked to support a particular political view.

But a new book by Wall Street Journal economics writer David Wessel lays out the numbers that both political parties face.

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