Follow us on Twitter Follow us on Facebook Follow us on Instagram

Chatty Belle - The World's Largest Talking Cow

Click here for Stock Market Info



Radar by AccuWeather
GET FORECAST

Northern Indoor Comfort Systems

Clark County Humane Society - Lost & Found

Recent News
US Treasury Secretary Says Congres is Playing With Fire
Monday, October 7th, 2013 -- 9:00 am
Posted by Riley Hebert-News Director


-The United States moved closer to the possibility of the first-ever default on the government's debt Sunday as Speaker John Boehner adamantly ruled out a House vote on a straightforward bill to boost the borrowing authority without concessions from President Barack Obama.

With no resolution in sight, Treasury Secretary Jack Lew warned that Congress is "playing with fire" as he called on lawmakers to quickly pass legislation re-opening the government and a measure increasing the nation's $16.7 trillion debt limit.

The government shutdown precipitated by the budget brinkmanship entered its sixth day with hundreds of thousands of federal employees furloughed, national parks closed and an array of government services on hold.

Treasury issued a report on Thursday detailing in stark terms what could happen if the government actually defaulted on its obligations to service the national debt.

"A default would be unprecedented and has the potential to be catastrophic," the Treasury report said. "Credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, and the negative spillovers could reverberate around the world."


WRN Headlines
Mone tapped as UWM interim chancellor
Brewer suspensions: Update
Leibham and Harris enter race for 6th CD
Maldonado suspended by MLB
Roth will seek state Senate seat


VIEW OUR ARCHIVE



OBITUARIES

Gross Auto Group - Over 300 vehicles at grossauto.com
OVER 300 VEHICLES at grossauto.com

Click here for BIG SAVINGS





Copyright © 2014 CWBRadio.com | Privacy Policy | Terms of Use
Website by SchillerMedia.com