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Government Shutdown

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U.S. government may not hit debt limit until October: analysts

The United States might not hit the statutory limit on its debt until October, a policy research group said on Friday, giving Republican lawmakers more time to extract spending cuts from the Obama administration in return for extending the borrowing cap.After giving into Democratic demands in December to raise taxes and later working with them to avoid a government shutdown, Republicans have been gearing up to use the debt limit as leverage to seek fresh budget cuts and changes to the tax code.The Bipartisan Policy Center, a Washington think tank that analyzes the Treasury's daily and monthly cash flows, had expected the federal government to hit the congressionally-set limit on its debt sometime between early-August and mid-September.But stronger-than-expected revenues and deeper-than-anticipated budget cuts mean the ceiling on borrowing probably will not be reach until sometime between mid-August and mid-October, the group said on its website on Friday."October is a nasty month," BPC...

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  1. House Approves Funding Bill to Avert Shutdown

    The U.S. House of Representatives on Thursday approved a Senate-passed bill to avert a government shutdown next week that also provides the military and some domesti...

  2. House Passes Bill To Avert Government Shutdown

    House lawmakers on Thursday approved a bill that funds the federal government through September, taking the threat of a government shutdown next week off the table. ...

  3. Senate Approves Funding to Avert Shutdown

    The Senate on Wednesday approved a bill to avert a government shutdown next week by keeping agencies and discretionary programs funded through the fiscal year ending...

  4. Jack Lew: Know We Need Entitlement, Tax Reform

    U.S. Treasury Secretary Jack Lew on the need for entitlement and tax reform and the economic impact of sequestration.

  5. Futures Point to Lower Open; Traders Eye U.S. Political News

    FOX Business: Capitalism Lives HereU.S. stock-index futures fell mildly Tuesday, hinting Wall Street's seven day winning streak could be in jeopardy, as traders brac...

  6. Stocks Slip from Multi-Year Highs

    FOX Business: Capitalism Lives HereThe S&P 500 fell from its highest level in five years as traders prepared for another round of potentially contentious budget talk...

  7. Dow Lifts Higher, Extends Win Streak to Eight Days

    FOX Business: Capitalism Lives HereThe Dow ended the day slightly higher, closing in the green for the eighth day in a row and at a record for the sixth, as traders ...

  8. Rep. Lankford on Preventing Government Shutdowns

    Rep. James Lankford, (R-Okla.), on his bill to prevent government shutdowns and keep the government funded.

  9. Rep. Rangel: Sequester Is No Way to Create a Budget

    Rep. Charlie Rangel, (D-N.Y.), on government spending and creating jobs.

  10. Dow Sets Record: More Highs to Come, or a Pullback?

    The Dow Jones Industrial Average is at its highest level ever, while the benchmark S&P 500 sits just 1.6% below its all-time peak.We talked to big market players, Je...

  11. Agreement in Washington?

    FBN's Rich Edson on the latest from Capitol Hill.

  12. Republicans Propose $2B for Embassy Security

    House Republican leaders proposed on Monday to spend another $2 billion on U.S. diplomatic security this year, using money unspent in Iraq to provide cash the Obama ...

  1. Raytheon reorganizing, will save $85 million and cut 200 jobs

    Waltham, Massachusetts-based Raytheon Co said on Monday it will pare its business units down to four starting on April 1 to boost productivity and lower costs, resul...

  2. Senate Narrowly Passes First Budget in Four Years

    The U.S. Senate on Saturday narrowly passed its first federal budget in four years, a move that will usher in a relative lull in Washington's fiscal wars until an an...

  3. MARKET SNAPSHOT: U.S. Stocks Rise On Hopes For Cyprus Deal

    U.S. stocks rose Friday, bouncing back from their biggest drop in nearly a month, on expectations that authorities in Cyprus will cut a deal to qualify the country f...

  4. MARKET SNAPSHOT: U.S. Stocks Boosted By Retail Earnings

    U.S. stocks rose Friday, bouncing back from their biggest drop in nearly a month, as better-than-expected results from Nike Inc. bolstered sentiment a few weeks away...

  5. MARKET SNAPSHOT: U.S. Stocks Rise After Strong Retail Earnings

    U.S. stocks rose on Friday, rebounding from their biggest drop in nearly a month as stronger-than-projected results from Nike Inc. and Tiffany & Co. bolstered sentim...

  6. Gold Headed for Biggest Weekly Rise in 4 Months

    Gold perched near a 3-1/2-week high on Friday, underpinned by safe haven demand on the fear of a potential financial meltdown in Cyprus. The crisis has put bullion o...

  7. McConnell: Debt Ceiling Hangs on Entitlement Reform

    Hours after Congress voted to avert a government shutdown next week, congressional leaders were already staking out positions on what will be this year's most conten...

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