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In a report Thursday morning the Treasury Department warned of "catastrophic economic consequences" if the debt ceiling were not raised on time, as Times staff writer Jim Puzzanghera reports.
And economists at Standard Chartered in New York wrote in a note e-mailed after the midnight deadline that although they expected an 11th-hour resolution to allow the debt ceiling to be raised on time by Oct. 17, political brinkmanship was likely to last until the last minute.
But on the debt ceiling issue, a case in which a political fight risks inflicting real economic damage, he was firm: The limit must be raised on time.
As leaders in Hanna's own party continue to insist they will not vote to raise the debt limit unless they win measures to trim the deficit, Hanna said the debt ceiling needs to be raised on time.
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"While I applaud his efforts in raising on-time performance," Mr. McGovern said, "the goal of a 6-minute window in a 30-minute ride is a 20percentt margin of error.
1. Mommy was raised on screen time.
Judith Scott-Clayoung a young economist who analyzed the program, concluded that it had raised the on-time graduation rate by almost 7 percentage points in a state where many colleges have a graduation rate below 50percentt.
An analysis released today by the Center for Responsive Politics, a nonprofit group that tracks campaign spending, found that lawmakers who voted against the import measure raised, on average, three times as much in campaign contributions from drug makers as those who favored the measure.
But venture capitalists are, to some degree, raising on borrowed time.
I'd literally been raised on David Bowie, from the times my father sang Space Oddity to me as a newborn to the times he and I ran road races with Suffragette City queued up on our iPods at the starting line.
The Russian flag has been raised on the building several times, but the Ukrainian government has claimed control of the city after a clampdown on pro-Russian leaders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com