Reliable Insurance Managers, Inc. Blog: debt
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Tuesday, September 20, 2011In a blunt rejoinder to congressional Republicans, President Barack Obama called for $1.5 trillion in new taxes Monday, part of a total 10-year deficit reduction package totaling more than $3 trillion. He vowed to veto any deficit reduction package that cuts benefits to Medicare recipients but does not raise new revenues. READ MORE >>
Monday, August 1, 2011Congressional leaders scrambled for enough votes on Monday to push through an 11th-hour White House-backed deal to raise the U.S. borrowing limit and avert an unprecedented debt default. Just one day before the deadline to lift the government's borrowing authority, the Democratic-led Senate was expected to pass the $2. READ MORE >>
Thursday, June 30, 2011 The Senate has abandoned plans for a July 4 break and instead will work next week as lawmakers race the clock in an attempt to strike a compromise on avoiding a government default and reducing mammoth federal deficits. Senate Majority Leader Harry Reid, D-Nev. READ MORE >>
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