borrowing – Long Island Business News

Obama said Congress' failure to raise the government's borrowing limit would delay payments of benefits to veterans and Social Security recipients.

The United States could lose its top credit rating for the second time if there's a delay in raising the country's debt ceiling, Fitch Ratings warned.

The Republican-controlled House will vote next week to permit the government to borrow more money to meet its obligations.

The House is scheduled to vote Wednesday on an increase in the nation's debt limit, a move designed to prevent a first-ever government default.

The government is on track to surpass its $16.4 trillion debt limit in late February or early March, but Congress will vote on extending it Wednesday.

House Republicans are moving to try to defuse a potential debt crisis with legislation to prevent an economy-rattling fiscal crisis for at least three months.

The House passed the measure 285-144 as Republicans back away from their demand that any increase in the government's borrowing cap be paired with spending cuts.

The Fed's guidance was designed to give consumers, companies and investors a clearer sense of when super-low borrowing costs might start to rise.

Back in the 1840s, good-government groups concerned about New York’s rising state debt persuaded delegates at the 1846 Constitutional Convention to support a plank that required popular approval of any proposed borrowing. Since that time, governors and legislators have concocted scores of financial schemes to evade that constitutional amendment and the will of the people. [...]

Washington is borrowing about 25 cents for every dollar it spends, down from over 40 cents just a few years ago.

Gov. Andrew Cuomo has been exposed.

The Federal Reserve says consumers increased their borrowing by $19.6 billion in May compared with April.

When the Federal Reserve offers its latest word on interest rates this week, few think it will telegraph the one thing investors have been most eager to know.

The Nassau Interim Finance Authority voted Tuesday to approve $136.6 million in borrowing – $100 million less than requested.

Consumers increased their borrowing $13.8 billion in June from May to a seasonally adjusted $2.85 trillion, the Federal Reserve said Wednesday.

Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending.

Feeling confident, firms are once again borrowing to build

When the Federal Reserve meets this week, few foresee any major policy changes.

Americans are slowly but steadily borrowing more money, bringing to an end a five-year effort to cut household debt that has slowed consumer spending and the economy.

U.S. consumers increased their borrowing in October but at a slightly slower pace than in the previous month as credit card use slowed.

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