Debt ceiling fight looms as Congress nears vote plan
Congress faces a Tuesday deadline to raise the federal borrowing limit to prevent a possible default. House Republicans demand equal spending cuts, while Democrats press for higher revenues. Boehner’s plan to lift the limit and cut $1 trillion draws White House and Senate opposition, though a compromise appears possible.
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Congress
House
Barack Obama
John Boehner
U.S
White House
Senate Democrats
Boehner
Senate
George W. Bush
Iraq
Afghanistan
Obama
Debt standoff looms as leaders urge action
With the debt default deadline near, two House Democrats press President Obama to use Section 4 of the 14th Amendment to raise the debt limit unilaterally. White House Secretary Jay Carney rejects the option, stating there are no off-ramps or escapes from the impasse.
MENTIONED IN THIS ARTICLE
House of Representatives
U.S
White House
Jay Carney
Carney
Rep
John Larson
Connecticut
House
Democratic Caucus
James Clyburn
South Carolina
Barack Obama
Congress
Obama
Clyburn
Markets Slip Amid Broad Declines Across Indices
Dow falls to 12,302.55 with a 198.75 point drop as Nasdaq slips to 2,764.79 and S&P 500 declines to 1,304.89. Bonds ease with 30 year at 4.28 percent. commodity quotes show corn at 6.92, soybeans at 13.81, wheat 7.88, and crude oil down to 97.40.
MENTIONED IN THIS ARTICLE
Dow Industrials
S&p 500
Treasury
Chicago
Kansas City
New York
Wall Street trembles as debt fight spurs Dow drop
Anxiety over the debt ceiling deadline grips investors as the Dow falls nearly 200 points. Analysts warn of worsening volatility with six days left until Treasury action. Financial planners report rising client worry and advise staying the course amid fears of a potential default and rating downgrades.
MENTIONED IN THIS ARTICLE
Treasury
Wall Street
Washington
Dow
Treasury Department
Channing Smith
Capital Advisors Inc
Bob Glovsky
Mintz Levin Financial Advisors
Boston
U.S
Chris Long
Chicago
Obama
Richard Shortt
Somerville
Mass
Shortt
States brace for graduate dips as formula changes
Lawrence area schools join nationwide shift to a uniform graduation rate formula, dropping reported rates as districts recount students individually. The change affects 2009-10 results with Lawrence High and Free State High showing sharp declines and districts preparing for up to 20 point drops across states.
MENTIONED IN THIS ARTICLE
Lawrence
Kansas City
Liz Utrup
U.S. Education Department
U.S
Arne Duncan
Idaho
Kentucky
Michigan
Florida
Free State High School
Lawrence High School
Bishop Seabury Academy
Veritas Christian School
Kim Bodensteiner
Kansas
Georgia
Kelly Smith
Belle Plaine
Minnesota
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Andy Corbin
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Blue Shield of
Bebsks.com
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Blue Cross and Blue Shield Association
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