Feb 3, 2014 — Jacob Lew says the limit on borrowing needs to be raised before the end of the month. Otherwise, he warns, the federal government risks defaulting on its debts — and Lew says that could cause serious damage to the economy.
Jan 23, 2013 — The "No Budget, No Pay" act would withhold lawmakers' pay if they don't pass a new budget by April 15. In exchange, Republicans say, the borrowing limit would be extended into May. That would avoid another battle over raising that borrowing ceiling.
Nov 22, 2011 — The failure to agree on a way to trim budget deficits will give both major parties plenty of ammunition for next year's campaigns.
Nov 21, 2011 — The likely collapse of the so-called supercommittee's efforts to put together a deficit-reduction deal and continued concern about the debt crisis in Europe are pushing stocks down on Wall Street.
Nov 21, 2011 — Brace for a negative response from financial markets and prepare for more political battles in the coming year if the so-called supercommittee concedes later today that it couldn't agree on how to cut future budget deficits.
Jul 26, 2011 — It would have been interesting to see who the 25 percent of lawmakers were who didn't vote for any of the policies the Post focused on. Even Rep. Ron Paul, the Texas Republican presidential candidate didn't make the cut; he voted for the Bush tax cuts.
Jul 21, 2011 — With the president praising their plan, and with critics from both sides of the political aisle taking shots at it, the "Gang of Six" is this week at the center of the deficit-reduction talks in Washington.
Jul 18, 2011 — Deficit-reduction negotiations continue. A deadline looms. But beyond that, not much is certain about what will happen.
Jul 15, 2011 — The president said, "we know how we can create a package that solves the deficits and debt for a significant period of time. But in order to do that we've got to get started now."
Jul 11, 2011 — Saying he is prepared "to take significant heat" from members of his own party in order to achieve meaningful debt and deficit reduction, President Obama this morning again pushed for a big, long-term budget deal with Republicans.