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- Finish the sentence
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- GOP 2012 hopefuls are getting in touch with their ...
- Cutting â and growing?
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- Prank call highlighted in labor TV ad
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- Amid budget battles, Obama to huddle with Democrat...
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- Wisconsin GOP freshman stays mum on labor dispute
- Rehberg stood alone
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- Dingell sidelined by flu before district speech
- Axelrod: Emanuel's victory led to 'a united city'
- Freshman congressman recovering from heart surgery
- The limits of doubt-mongering
- Senior Dem chides GOP colleague: âClearly uâre a f...
- Choice isn't left or right
- Pelosi applauds Obama's new stance on gay marriage...
- Pawlenty: Obama can be beaten in 2012
- Fans of fake Rahm Emanuel Twitter account hope mys...
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(667)
- Newt, the Donald & 2012
- Americaâs Top Chefs need top culinary arts programs
- Former Rep. Kelly wants female GOPer to run in 201...
- Carney tweets for the first time
- Dem campaign head says committee wasn't questionin...
- Obama warns public workers are being 'vilified'
- Partisan gap narrows on Israel
- Gadhafi: 'My people love me'
- Pence being careful on union protests
- Fake Rahm Emanuel Twitter author revealed
- Sen. Conrad: Bipartisan budget gang has 'very impo...
- GOP freshman: Partisan bickering 'almost un-American'
- Obama talks up 'RomneyCare' amid GOP criticism of ...
- Sen. Graham: Republicans waiting for 2016 should r...
- Top Democrat jabs Pawlenty over spending comments
- A pressing need for a judicial code of ethics
- Jobs still job one for Congress, Administration
- Obama to meet with U.N. secretary general on Libya
- Obama to meet with head of United Nations to discu...
- State of the Union 2011
- Sarah Palin proves sheâs not presidential
- Vitter says Obama favors ideology over science in ...
- Seafood should be next up on FDA plate
- O's losing ground across Mideast
- Another lesson of the crises in the Middle East
- Muslim group seeking Huckabee apology for 'infidel...
- Obama makes Oscar cameo
- Va. GOPer joins Twitter
- Long-shot GOP candidate wins Tea Party straw poll
- McCain: China could be next for 'winds of change'
- AFL-CIO chief blesses Obama's handling of Wisconsi...
- Barbour: 2012 decision will be independent of othe...
- Walker 'an eternal optimist' on Dems returning, av...
- S.C. governor: I don't 'owe' Palin an endorsement
- Pawlenty: GOP should consider shutdown if budget c...
- Van Hollen optimistic on shutdown
- Christie questions wisdom of recess amid risk of s...
- Huckabee: Massachusetts health reform doesn't disq...
- Pelosi: Obama hasn't broken promise on immigration...
- Opening up the dialogue
- Water, water everywhere... except for California's...
- House-passed health care repeal will force seniors...
- Albright: America walking a 'delicate line' on Egypt
- Repeal healthcare, really?
- Making America the best place on Earth to work
- Stupak on steroids
- Fix 'lose it' so you can use it
- Lefty blogger exposes Wisconsin governor: A vanity...
- Quigleyâs Grading Scale for Presidential Viability...
- Is it better for our economy to increase spending ...
- Individual assuming responsibility
- Do we still need a Justice Department?
- Finish the sentence
- Time to end the taxpayer subsidy of Planned Parent...
- Foreign Affairs chairwoman calls for tougher penal...
- Wolfowitz: Obama slowness on Libya is 'a devastati...
- Obama, in call to German chancellor: Gadhafi must ...
- Obama, in call to German chancellor: Qadhafi must ...
- Congresswoman asks for help in naming family puppy
- Emanuel transition aide resigns over ethics concerns
- DNC chairman: 'We're going to play for the big win'
- Bachmann: Walker's reforms rank with Lincoln, Reagan
- Gov. Rick Scott exceeds constitutional authority
- Predicting the Egyptian revolution
- Pro-life Americans give Obama a helping hand
- 'First to file' is threat to job creation
- Expel Libya from Human Rights Council
- Healthcare déjà vu
- House cuts key program to keep nuclear weapons fro...
- The only way to ruin Social Security
- Freedom of assembly trumps free enterprise
- Fox News should fire Glenn Beck; Speaker Boehner s...
- Cyber sanity
- USDA sets up $1.3 billion fund to resolve discrimi...
- Carney to assume @PressSec account Monday
- Rand Paul to Letterman: Sen. Franken says you're n...
- Gov. Walker's common-sense budget proposal
- House Democrats raise money off of Wisconsin labor...
- Travel agents: Shutdown would be devastating
- Gingrich raises specter of impeachment for Obama's...
- Barbour, in tweet, calls on Obama to defend DOMA
- Anthony Weiner becomes a man
- Allen West not ruling out VP bid
- Cantor: House GOP shares Gov. Walker's motivation ...
- Reid tied with eight others as most liberal senator
- McCain, Lieberman meet with Israeli PM
- Obama in 2007: 'I'll walk on that picket line' if ...
- Gingrich says Florida GOPers would be strong vice ...
- Senior Dem senator to NFL: Open your books in labo...
- Santorum pressures Boehner to step up on same-sex ...
- Saving our nation from debt
- Bloomberg, Emanuel exchange Twitter pleasantries
- Wisconsin governor goes dark red
- What follows the money?
- District needs its own Tea Party
- Rep. McHenry pays tribute to Earnhardt with Twitte...
- Wisconsin assembly to vote on controversial budget...
- GOP 2012 hopefuls are getting in touch with their ...
- Cutting â and growing?
- Supplement to yesterday's post
- On Twitter, Barbour backs Wisconsin budget fix
- Indiana gov. calls public unions 'privileged elite'
- In rare comment on national events, Franken says W...
- Prank call highlighted in labor TV ad
- Boehner raises campaign cash off of spending cuts
- Obama to discuss Libya with British, French leaders
- McCain in eight-way tie for most conservative senator
- Amid budget battles, Obama to huddle with Democrat...
- Indiana lawmakers want NFL to play on
- Sen. Levin: 'I never needed any convincing' on Afg...
- Rand Paul: Tea Party not poised to break off from GOP
- Pawlenty looks to take lead in boosting Wisconsin ...
- Wisconsin GOP freshman stays mum on labor dispute
- Rehberg stood alone
- On Wisconsin ... But not with Scott Walker in charge
- Axelrod: Romney would have GOP nominee under 'old ...
- Dingell sidelined by flu before district speech
- Axelrod: Emanuel's victory led to 'a united city'
- Freshman congressman recovering from heart surgery
- The limits of doubt-mongering
- Senior Dem chides GOP colleague: âClearly uâre a f...
- Choice isn't left or right
- Pelosi applauds Obama's new stance on gay marriage...
- Pawlenty: Obama can be beaten in 2012
- Fans of fake Rahm Emanuel Twitter account hope mys...
- Biden pokes fun at president with teleprompter joke
- Biden makes teleprompter joke at fundraiser
- Wisconsin gov. warns of massive layoffs if state D...
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Geithner: 'Of course' Congress will raise debt ceiling
The Obama administration doesn't have much doubt that Congress will raise the debt ceiling, Treasury Secretary Timothy Geithner said Friday.
Amid demands by Republicans in Congress that any agreement to raise the debt ceiling come with serious spending cuts attached, Geithner said it was "essential" for lawmakers to vote to allow the government to borrow more.
"It's absolutely essential they'll do it. And of course they'll do it. They've always done it in the past," Geithner said on CNBC. "There'll be a little political fear around that. But it's not something you play tough politics with. And it can't be used as a bargaining chip."
The debt ceiling is one of three votes Republicans in the House are looking to leverage this year to address budget and debt issues. The GOP will first vote on a continuing resolution to fund government the remainder of the fiscal year, then present its budget, and then vote on the debt limit. The GOP views t! hose measures as interlocking.
But some conservatives, particularly those lawmakers allied with the Tea Party movement, have said they won't vote to raise the debt ceiling under any circumstances. House Speaker John Boehner (R-Ohio) has said that defaulting on the debt isn't "a question that is even on the table," though Republican leaders found this past week that conservative and Tea Party members might be more unwieldy as a voting bloc.
As a way to stave off default if the Congress can't reach an agreement, Sen. Pat Toomey (R-Pa.) has proposed legislation that would force the Treasury to continue paying off debt.
Geithner dismissed such a proposal on Friday.
"Well, it just doesn't work," he said. "It still would amount to default. And it's just not a serious way, a responsible way, to help make sure we can get our obligation-- you know, remember, this is the United States of America. We pay our bills. We meet our commitments.! And we're looking forward to an important debate with Republi! cans and with Democrats on how to make sure we bring down our long-term deficits. That's where our focus should be on."
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