Debt Limit Meetings Planned For President Obama - Newschannel 6 Now | Wichita Falls, TX

Debt Limit Meetings Planned For President Obama

WASHINGTON (AP) - President Barack Obama and top House Republicans sit down this morning to work on terms for the government's credit card.

Republicans are demanding steep cuts in spending before they'll approve any increase in the national debt limit. Yesterday, they defeated a symbolic bill to dramatize their position.

Democrats say the vote was aimed at giving tea party-backed Republicans an opportunity to broadcast a "nay" vote against the Obama administration's view that any increase in U.S. borrowing authority should be done as a stand-alone measure.

A more painful vote to raise the debt ceiling looms for Republicans this summer.

  • News HeadlinesNewsMore>>

  • 1 student injured in Florida school shooting; suspect in custody

    1 student injured in Florida school shooting; suspect in custody

    Friday, April 20 2018 9:27 AM EDT2018-04-20 13:27:44 GMT
    Friday, April 20 2018 9:53 PM EDT2018-04-21 01:53:21 GMT

    One student was injured in a school shooting at Forest High School in Ocala, FL. Police say the shooter is another student.

    One student was injured in a school shooting at Forest High School in Ocala, FL. Police say the shooter is another student.

  • FAA orders more engine inspections after Southwest accident

    FAA orders more engine inspections after Southwest accident

    Friday, April 20 2018 4:53 PM EDT2018-04-20 20:53:41 GMT
    Friday, April 20 2018 9:45 PM EDT2018-04-21 01:45:37 GMT
    (NTSB via AP). National Transportation Safety Board investigators examine damage to the engine of the Southwest Airlines plane that made an emergency landing at Philadelphia International Airport in Philadelphia on Tuesday, April 17, 2018. The Southwes...(NTSB via AP). National Transportation Safety Board investigators examine damage to the engine of the Southwest Airlines plane that made an emergency landing at Philadelphia International Airport in Philadelphia on Tuesday, April 17, 2018. The Southwes...
    The manufacturer of the jet engine involved in a fatal Southwest Airlines accident Tuesday wants more jets to be inspected for potential problems.
    The manufacturer of the jet engine involved in a fatal Southwest Airlines accident Tuesday wants more jets to be inspected for potential problems.
  • Wells Fargo fined $1B for mortgage, auto lending abuses

    Wells Fargo fined $1B for mortgage, auto lending abuses

    Friday, April 20 2018 9:33 AM EDT2018-04-20 13:33:09 GMT
    Friday, April 20 2018 9:14 PM EDT2018-04-21 01:14:16 GMT
    (AP Photo/Matt Rourke, File). FILE - This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The New York Times and other news outlets are reporting Thursday, April 19, 2018, that federal regulators plan to fine Well...(AP Photo/Matt Rourke, File). FILE - This Aug. 11, 2017, file photo shows a sign at a Wells Fargo bank location in Philadelphia. The New York Times and other news outlets are reporting Thursday, April 19, 2018, that federal regulators plan to fine Well...

    Wells Fargo fined a combined $1 billion by federal regulators for abuses tied to its mortgage and auto lending businesses.

    Wells Fargo fined a combined $1 billion by federal regulators for abuses tied to its mortgage and auto lending businesses.

Powered by Frankly