This is not class warfare – it’s math. President Obama unveils deficit cuts worth $3 trillion – including a new tax on millionaires.
President Barack Obama warns the United States is in a “national crisis” as he outlines a $447bn package of tax cuts and government spending in a bid to jump-start the sluggish US economy.
Back on the road – and back in the fight: President Obama has been taking his message on job creation and the economy out to the American people – with a three-day bus tour through the Mid-West.
Jon Snow
Who are the “grey men” who decide this stuff for S&P? People are beginning to ask. For in their draft assessment of the US economy sent to the US Treasury before publishing the downgrade, S&P made – according to the US Treasury – a staggering error of some $2 trillion MORE than the debt actually added up to…
As the US is criticised by China for “living beyond its means” and losing its top-level AAA credit rating, Faisal Islam analyses the financial vulnerability America will wake up to on Monday.
President Obama has signed legislation to increase the US debt ceiling but experts tell Channel 4 News the crisis has thrown into “stark relief” the problems the country now faces.
Jon Snow
It is extraordinary to be sitting in the United States in amidst these cathartic shenanigans on Capitol Hill. Jon Snow blogs from America.
US Congress votes on President Obama’s last-minute deal to raise the US debt limit and avoid crisis. Channel 4 News asks if the delays have done lasting damage to Obama’s reputation.
With just days to go before the deadline to resolve the US debt crisis, President Barack Obama has warned that Congress is “running out of time” on reaching an agreement to avoid default.
The Republican plan for US debt is in crisis after House leaders cancelled a vote on a bill to extend the government’s debt limit and cut spending to avoid a US default on its debt.
President Barack Obama says the Republican approach to the US debt crisis is a “dangerous game” and calls for compromise as the US risks defaulting on its $14.3tr debt.
As bickering over the US debt ceiling continues on Capitol Hill, Channel 4 News US politics expert Felicity Spector reveals more than two-thirds of Americans just want to see a deal – any deal.
Political leaders are deadlocked over a deal to raise America’s debt limit with President Obama warning of “Armageddon” if they don’t agree.
President Obama says “time is running out” to solve the US debt crisis. A deal must be reached before 2 August or America will run out of money with potentially disastrous consequences.
Can the Republicans and Democrats agree on a deal to avoid what experts have branded a “huge financial calamity” for the United States? Felicity Spector takes a look.