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News stories tagged with "national-debt"

I was surprised and disappointed with it... I think the world was watching and wondering if we’re capable of governing ourselves.

Owens, Hanna lukewarm on debt deal

The debt ceiling deal signed by President Obama yesterday was a messy compromise. Reaction from local congressional representatives is predictably lukewarm. Republican Richard Hanna and Democrat Bill Owens both voted for the bill, but neither gives it a hearty endorsement. And Hanna found the process "distasteful."  Go to full article
If those monies aren’t forthcoming, where do we come up with the money to fill those gaps and still provide services?

Comptroller says default would hurt NY in more ways than one

New York State Comptroller Tom DiNapoli says if President Obama and Congress do not agree on a way to increase the federal debt ceiling, the default could affect New York State in a number of ways, from a weakened state pension fund to significant gaps in the state budget.  Go to full article

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