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Moody's said it saw a "rising possibility" the U.S. would default on its Treasury debt obligations. Meanwhile, the president and congressional leaders met for the fourth time in as many days, but they are still no closer to a compromise.
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Michigan Senator Carl Levin wants all sides to give up trying to tie increasing the federal debt ceiling to a major cut in federal spending. The budget…
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Officials with AARP Michigan are expecting to get a lot of telephone calls from concerned senior citizens, now with the president saying that their August…
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As many political pundits predicted, the debate over the federal debt ceiling is reaching a new level.President Obama said in a news conference today that…
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Michigan Senator Debbie Stabenow says she hopes President Obama and Congressional leaders can strike a ‘balance’ in Sunday’s planned talks on extending…
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The debate over the federal budget and the debt ceiling is heated, and there are very dire predictions from both Republican and Democratic leaders about…
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The U.S. government is $14.3 trillion in debt. Stacked in dollar bills, that amount would stretch to the moon and back — twice. Still, it's pretty hard to wrap your head around a number that big, so the human brain has come up with ways to deal with gargantuan numbers.
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Michigan congressman Tim Walberg describes today’s meeting between Republican lawmakers and President Obama as ‘congenial’. Walberg was among the GOP…
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It's easy to criticize. Now you're in charge.The New York Times has created a slick little interactive tool that displays different solutions to the…
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We collectively owe around $828 billion in revolving credit debt (that includes credit card debt), according to the latest numbers from the Federal…