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GOP to advance ‘clean’ debt limit hike
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GOP to advance ‘clean’ debt limit hike

  • ANDREW TAYLOR, Associated Press
  • Updated

WASHINGTON — House Speaker John Boehner announced Tuesday that the House will vote this week to increase in the government’s borrowing cap without any add-ons demanded by Republicans.

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Treasury warns of downturn over debt

  • MARTIN CRUTSINGER, AP Economics Writer
  • Updated

WASHINGTON (AP) — The U.S. Treasury Department is warning that the economy could plunge into a downturn worse than the Great Recession if Congress fails to raise the federal borrowing limit and the country defaults on its debt obligations.