Tag Archives: United States public debt

RT: Debtor nation: Americans pay interest on $163 billion held by top tech firms overseas

Published time: March 14, 2014 03:44 Reuters/Lee Jae-Won United States taxpayers make large interest payments to the top four technology firms for the $163 billion in US government debt the companies own and shelter in tax-free offshore accounts. United States … Continue reading

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PressTV: Republicans to call first debt limit vote

Speaker John Boehner (R-Ohio) presented the debt limit increase plan to lawmakers Monday evening in a closed-door meeting in the Capitol. Tue Feb 11, 2014 5:23AM GMT Related Interviews: ‘Obama acts recklessly on budget’ ‘Obama’s failure to budget irresponsible’ House … Continue reading

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PressTV: US likely to hit debt ceiling sooner than thought

In a previous letter to Boehner, Jack Lew had projected the deadline might not be hit until early March. Thu Jan 23, 2014 2:43AM GMT The country’s next fiscal crisis will come sooner than advertised. Treasury Secretary Jack Lew on … Continue reading

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RT: Buying time: US budget deal postpones financial doomsday – MUST WAATCH VIDEO!!!!!

Published time: October 17, 2013 12:51 Edited time: October 17, 2013 14:37 President Obama and Congress have signed off on extending the debt ceiling through to February. The new legislation only temporarily solves the US budget dispute, begging the question … Continue reading

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PressTV: United States budget brinksmanship

Tue Oct 8, 2013 3:59AM GMT  The US federal government entered a government shutdown on October 1, 2013. By Yuram Abdullah Weiler After considering the impact of the previous 2011 brush with a US government default and its lingering financial … Continue reading

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Debt limit to be hit by mid-October

The Obama administration has said it will not negotiate over raising the borrowing limit. | AP Photo By BRIAN FALER Source: Politico.com Thanks to H. 8/26/13 4:35 PM EDT Treasury Secretary Jack Lew warned lawmakers on Monday that they will have to … Continue reading

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RT: US blows out $16.7 trillion debt limit

Published time: July 26, 2013 11:13 Edited time: July 26, 2013 12:05 US Treasury Building in Washington, DC (AFP Photo) The US Treasury has already exceeded the federal legal borrowing limit of $16.7 trillion in May. That signals the main … Continue reading

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