U.S. Government

  • 2015-10-22 09:12

    --House Debt Prioritization Bill Is First Act In Drama
    --Treasury's Thursday Announcement May Get Hill's Attention

    WASHINGTON (MNI) - As yet another debt ceiling drama unfolds on Capitol Hill, all eyes are on outgoing House Speaker John Boehner for the next, and possibly decisive, move in this now familiar horror-thriller.

    Boehner continues to keep his cards close to his chest, but has reaffirmed his commitment to avoid a default.

    "I've made it clear we're not going to default on our debt," Boehner said Tuesday evening on Fox News.

    "There are several paths forward that we're going to lay out for members, but we're going to find some path forward here in the next few days, so we've going to move," he added.

    He said that passing a clean debt ceil

  • 2015-10-22 08:27

    By Denny Gulino

    WASHINGTON (MNI) - The U.S. Treasury Department Thursday morning postponed next Tuesday's auction of 2-year notes in a dramatic demonstration of what is at stake in the showdown with Congress over raising the debt limit.

    The auction of 5-year and 7-year notes remained on schedule but the Department announcement said, "Due to debt ceiling constraints, there is a risk that Treasury would not be able to settle the 2-year note on Monday, November 2."

    The postponement underlined the steady string of warnings Treasury Secretary Jack Lew has been sending to Capitol Hill, where tentative plans to vote on a debt hike as soon as Friday are being discussed.

  • 2015-10-22 08:00

    --Debt-Limit 'Impasse' Adversely Affecting Govt Financing

    WASHINGTON (MNI) - The following is the U.S. Treasury Department's announcement Thursday morning that its auction of 2-year notes next Tuesday has been postponed because of the risk of a breach of the statutory debt limit, but the 5-year and 7-year auctions are still scheduled to take place:


    5-Year Note Auction and 7-Year Note Auction will proceed as scheduled

    The U.S. Treasury Department today announced that it will postpone the 2--year note auction originally scheduled for Tuesday, October 27, 2015. Due to debt ceiling constraints, there is a risk that Treasury would not be able to settle the 2-year note on Monday, November 2, 2015.

  • 2015-10-21 20:33

    By Denny Gulino

    WASHINGTON (MNI) - On the eve of congressional testimony by the governor of Puerto Rico, pleading for the authority to seek the protection of bankruptcy court, the U.S.

  • 2015-10-21 18:10

    --In Symbolic Vote, House Passes Bill 235 to 194
    --All Eyes on Speaker Boehner, Possible Debt Hike Vote Friday

    WASHINGTON (MNI) - The House passed a Republican-drafted debt prioritization bill Wednesday evening, on a near total party line vote, that appears designed to set the stage for future debt ceiling legislation.

    The House approved the bill 235 to 194.

    The Senate is certain to either ignore or kill the bill. The White House has said President Barack Obama would veto the measure if it ever reached his desk.

    The debt prioritization legislation, sponsored by Rep.

  • 2015-10-21 13:13

    --House Minority Whip: Votes on Different Plans Possible
    --Rep. Hoyer: GOP Debt Prioritization Bill Is Sham
    --Rep. Hoyer: Sees House Vote on Oct 26 on Ex-Im Bank

    WASHINGTON (MNI) - House Minority Whip Steny Hoyer said Wednesday there has been "some discussion" among House leaders about a vote Friday to increase or suspend the statutory debt ceiling.

    At a briefing, Hoyer said he is uncertain if the House debt ceiling vote will occur Friday, but added there is "some possibility" it will take place before the House leaves Washington for the week.

  • 2015-10-21 10:15

    --House Speaker Expects GOP To Rally Behind Ryan
    --Rep. Boehner: Full House To Vote For Speaker Oct 29

  • 2015-10-20 20:09

    --Rep. Ryan Says He Will 'Gladly Serve' If GOP Unifies
    --Ryan: GOP Must Become A More Visionary, Constructive Party
    --Ryan: Expects House GOP To Vote Later in Week On Leader

    WASHINGTON (MNI) - House Ways and Means Committee Chairman Paul Ryan said Tuesday night he will "gladly serve" as House Speaker if his fellow House Republicans agree to several conditions, the chief of which is that all factions of the party unify behind him and support a "visionary" and constructive policy agenda.

    At a briefing with reporters following a meeting of House Republicans, Ryan said he would have preferred to remain at this current job as the chairman of the powerful Ways and Means Committee.

  • 2015-10-20 14:00

    --Senate Majority Leader: Doesn't 'Prefer' Clean Debt Hike
    --McConnell: Senate Will Consider Whatever House Passes

  • 2015-10-20 12:25

    --Updating 10:57 ET Story; Adding SEC Chair Remarks
    --SEC's White Recommends Anti-Disruptive Trading Rule, Disclosures

    WASHINGTON (MNI) - Treasury, Federal Reserve and all the rest of U.S. government market overseers Tuesday heard Securities and Exchange Commission Chair Mary Jo White prescribe some equities-type guardrails for the Treasuries market to prevent liquidity freezes.

    White, speaking to the two-day gathering of regulators and industry market executives organized by the Treasury Department and the Federal Reserve, said last year's liquidity event in the Treasuries market "appears to raise concerns similar to those that would be addressed by an anti-disruptive trading rule."

    As reported earlier, both Fed. Gov.