Sunday, July 13, 2014





House GOP dismisses default warnings as more hype


October 08. 2013 3:37PM
Associated Press



Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Hard-line House Republicans are dismissing dire warnings that a government default would wreck U.S. and world economies. They say it's another case of hyperbole from an Obama administration that already cried wolf on automatic budget cuts and a partial government shutdown.


At the same time, congressional Democrats have agreed to so many exemptions to the partial government shutdown that they've mitigated the pain and kept nearly all federal spending alive.


Several GOP conservatives challenged Treasury Secretary Jack Lew's insistence that on Oct. 17 the United States will no longer have the ability to borrow and the threat of default would be imminent.


Republican Rep. Dennis Ross of Florida says he doesn't think the U.S. will ever default.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds