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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 16, 2013
Page
9
Washington insiders say deep spending cuts are framed in broad terms by Republicans while voters demand specifics. With March 1 automatic cuts approaching, leaders warn entitlements must be addressed to curb long term deficit spending, as White House offers no ready blueprint.
Fitch Ratings warned the United States could lose its top credit rating a second time if Congress delays raising the debt limit. By end of February is the deadline to avoid default, with fears the debate could echo the partisan brinkmanship seen in 2011. Treasury Secretary Geithner warned of potential inability to meet commitments.
Former House Speaker Newt Gingrich says Republicans err to use debt ceiling pressure against President Obama as a spending lever. He urges focusing on a stopgap funding bill or a budget sequester, saying a fight over the debt limit is unsustainable. Treasury Secretary Geithner warns the borrowing cap will be hit by mid February.
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