Debt Ceiling

Dick Durbin

Durbin: Republican Strategy On Shutdown Was ‘A Complete Disaster’

After helping negotiate a bipartisan deal to end the partial federal government shutdown, and extend the debt limit, U.S. Sen. Dick Durbin (D-IL) said he hopes House Republicans learned a lesson: “this is unacceptable.”


Bill Foster

Congressman Foster Frustrated With Lack Of Action To Reopen Government

Suburban Congressman Bill Foster (D-Ill.) says the budget impasse on Capitol Hill could be resolved easily at this point, and with a debt crisis coming, it should be.


Grover Norquist (Credit: JIM WATSON/AFP/Getty Images)

Opinion: Grover Puts Himself Before Party And Country

Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.


A pedestrian crosses a road with the U.S. Capitol building in the background on August 1, 2011 in Washington, DC. (Photo by Mark Wilson/Getty Images)

5 House Members From Illinois Vote ‘No’ On Debt-Ceiling Compromise

Five members of the Illinois Congressional Delegation voted against the debt-ceiling authorization Monday – in some cases, for radically different reasons.


U.S. Capitol Dome

Chicagoans, Local Leaders Weigh In On Debt Ceiling Deal

The deal to raise the debt ceiling is expected to have an impact on the financial health of U.S. states, including Illinois.

CBS Chicago–08/01/2011

File Photo (Photo by Chung Sung-Jun/Getty Images)

Debt Ceiling Debate Becoming A Dangerous Game

Republicans and Democrats in Washington remained far apart on a deal to increase the federal debt ceiling and Wall Street is really worried, chalking up the biggest losses in nearly a year.

CBS Chicago–07/27/2011

U.S. Rep. Jan Schakowsky

Schakowsky: Cuts Are Possible, Default Unlikely

U.S. Rep. Jan Schakowsky (D-Ill.) is predicting there will be no government default on its bill, and that the debt ceiling will be lifted in return for some cuts.

WBBM Newsradio–07/26/2011

U.S. Sens. Mark Kirk and Dick Durbin (CBS file)

Durbin, Kirk: Eliminating Debt Ceiling Is A Bad Idea

Ratings agency Moody’s believes if the U.S. eliminates the debt ceiling, it would reduce the uncertainty amongst bond holders.

WBBM Newsradio–07/18/2011


Supporters Say They Won’t Back Obama If He Allows Entitlement Cuts

More than 200,000 people across the country say they will not support President Barack Obama in his run for 2012 based on some of the proposals coming out of the debt ceiling talks.

WBBM Newsradio–07/15/2011

U.S. Capitol Dome

U Of C Prof: Default By U.S. Government Wouldn’t Be End Of The World

Congress and President Barack Obama have three weeks before the nation’s debt limit must be raised, lest the country start to default on its obligations.

WBBM Newsradio–07/15/2011

18 Scary U.S. Debt Facts

Congressional leaders are at an impasse over raising the country’s debt ceiling, so what happens if there isn’t a deal by the Aug. 2 deadline?


In a YouTube video posted on his website, U.S. Rep. Joe Walsh tells President Barack Obama to "quit lying" about the impact of not raising the federal debt ceiling. (Credit: YouTube)

Rep. Walsh Tells Obama ‘Quit Lying’ About Debt Ceiling

North suburban Republican Congressman Joe Walsh has a new YouTube video on his website – where he tells President Barack Obama to “quit lying” about the impact of not raising the national debt ceiling by Aug. 2.

CBS Chicago–07/13/2011

Blank Social Security Checks

Debt Ceiling Fight Could Put Your Federal Benefits At Risk

If you don’t think the upcoming federal debt ceiling deadline will impact you, it might – if you’re expecting a check in the mail.

CBS Chicago–07/12/2011

U.S. Sen. Mark Kirk (CBS File Photo)

Kirk Not Discouraged By Debt Ceiling Impasse

President Barack Obama and congressional leaders will sit down again this afternoon to try to reach an agreement on raising the debt ceiling. U.S. Sen. Mark Kirk (R-Ill.) is not letting their apparent impasse discourage him.

WBBM Newsradio–07/12/2011

U.S. Capitol Dome

U Of I Prof: Threat To Block Increase Of Debt Ceiling Is A Bluff

The threat to block an increase of the federal debt ceiling is probably no more than that, according to an economics professor at the University of Illinois.

CBS Chicago–07/07/2011

U.S. Sen. Dick Durbin (D-Ill.)

Durbin: Debt Ceiling Must Be Raised

U.S. Sen. Richard Durbin (D-Ill.) says there can be no doubt about the need to raise the debt ceiling so the country can continue paying its bills here, and overseas.

WBBM Newsradio–01/05/2011