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Oct 7, 2013

Tensions rising, U.S. Republicans and Democrats focus on debt ceiling

WASHINGTON, Oct 7 (Reuters) – The White House on Monday
reiterated that President Barack Obama would not negotiate with
Republicans over the threat of a debt default, sticking to its
line as stock prices fell and a U.S. government shutdown moved
into its second week.

But White House National Economic Council Director Gene
Sperling did not rule out a short-term increase to the borrowing
cap, such as two or three weeks, which could offer more time for
an agreement. Speaking at a Politico breakfast, he said that
while the administration prefers an increase that would last as
long as possible, the length of the increase is Congress’s
decision.

Oct 7, 2013

U.S. Congress enters crucial week in budget, debt limit battles

WASHINGTON, Oct 7 (Reuters) – As the U.S. government moved
into the second week of a shutdown on Monday with no end in
sight, a deadlocked U.S. Congress also confronted an Oct. 17
deadline to increase the nation’s borrowing power or risk
default.

Republican House of Representatives Speaker John Boehner
vowed not to raise the U.S. debt ceiling without a “serious
conversation” about what is driving the debt, while Democrats
said it was irresponsible and reckless to raise the possibility
of a U.S. default.

Oct 7, 2013

U.S. Congress enters crucial week in battles over budget, debt limit

WASHINGTON (Reuters) – As the U.S. government moved into the second week of a shutdown on Monday with no end in sight, a deadlocked U.S. Congress also confronted an October 17 deadline to increase the nation’s borrowing power or risk default.

The last big confrontation over the debt ceiling, in August, 2011, ended with an eleventh-hour agreement under pressure from shaken markets and warnings of an economic catastrophe if a default were allowed to occur.

Oct 4, 2013

Focus on debt ceiling as U.S. shutdown drags on; Obama cancels trip

WASHINGTON, Oct 4 (Reuters) – House Republicans huddled on
Friday to plot their next move on the fourth day of a U.S.
government shutdown that many fear will drag on until bickering
Washington politicians reach a deal to raise the debt ceiling
and avoid a default.

Even the possibility of the United States defaulting on its
financial obligations for the first time in history has rattled
financial markets and prompted warnings that such a move could
derail the still fragile economic recovery.

Oct 4, 2013

U.S. shutdown seen dragging on as debt ceiling fight nears

By Mark Felsenthal and Richard Cowan

(Reuters) – The shutdown of the U.S. government appeared likely to drag on for another week and possibly longer as lawmakers consumed day three of the shutdown with a stalling game and there was no end in sight until the next crisis hits Washington around October 17.

Bowing to the reality that the impasse requires him to remain in Washington, President Barack Obama canceled plans to attend summits in Indonesia and Brunei next week. Earlier this week, he canceled visits to Malaysia and the Philippines because of the shutdown.

Oct 4, 2013

Driver shot dead in car chase near U.S. Capitol

WASHINGTON, Oct 3 (Reuters) – A dramatic car chase through
the streets of Washington from near the White House to the U.S.
Capitol ended in gunfire on Thursday when law enforcement
officers shot and killed the driver as lawmakers and aides
huddled in a lockdown.

The incident rattled Washington just three weeks after a
government contractor opened fire at the Washington Navy Yard,
about 1.5 miles (2.4 km) from the Capitol, killing 12 people and
wounding three others before he was shot to death by police.

Oct 4, 2013

Driver shot dead in dramatic car chase at U.S. Capitol

WASHINGTON (Reuters) – A dramatic car chase through the streets of Washington from near the White House to the U.S. Capitol ended in gunfire on Thursday when law enforcement officers shot and killed the driver as lawmakers and aides huddled in a lockdown.

The identity of the driver – a woman – was not released. “The suspect in the vehicle was struck by gunfire and at this point has been pronounced (dead),” Washington’s police chief, Cathy Lanier, told reporters.

Oct 3, 2013

Gunfire forces brief lockdown at U.S. Capitol in Washington

WASHINGTON (Reuters) – The U.S. Capitol was briefly locked down on Thursday after gunshots were fired outside the building following a car chase across central Washington which ended with the woman who drove the car being shot, officials said.

One U.S. official said the woman was killed but this could not be confirmed immediately and a police official said he did not know the condition of the suspect.

Oct 3, 2013

Economic fears grow as U.S. government shutdown drags on

Oct 3 (Reuters) – A U.S. government shutdown entered its
third day on Thursday with little sign of compromise between
Republicans and Democrats and concerns grew about the economic
consequences of a prolonged stalemate.

The standoff, prompted by Republicans’ determination to halt
President Barack Obama’s healthcare reforms, appeared to be
merging with a more complex fight looming later this month over
raising the federal debt limit. Some feared this could stymie
any attempts to end the shutdown before the middle of October.

Oct 2, 2013

Obama to meet with congressional leaders as shutdown continues

WASHINGTON, Oct 2 (Reuters) – President Barack Obama
scrapped part of a long-planned trip to Asia and planned to meet
with congressional leaders on Wednesday as a U.S. government
shutdown entered a second day with no end in sight.

The impasse has raised questions about Washington’s ability
to carry out its most essential duties. Though a short-term
shutdown would do relatively little damage to the world’s
largest economy, global markets could be roiled if Congress also
fails to raise the debt limit before borrowing authority runs
out in coming weeks.

    • About Richard

      "I have been a Washington correspondent for Reuters since 2001. I have written about climate change and the environment, the U.S. Congress, politics, economic issues and agricultural trade disputes."
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