With vast differences in starting viewpoints on how to
resolve the debt ceiling crisis,
announced today that the first meeting of the bipartisan
Congressional group formed to address the ongoing debt
ceiling debate was a "good, productive first meeting."
The debt ceiling debate in Congress is over
whether or not to raise the debt ceiling --
and if so, by how much.
The federal government is expected to reach its $14.3
trillion debt limit by mid-May, but Treasury Secretary
Timothy Geithner said his department's "extraordinary
measures" could buy more time, possibly until August.
ATLANTA – Newt Gingrich, the House speaker who led a national GOP resurgence in the 1990s before facing ethics questions and resigning, is running for president.
Gingrich's announcement, made on social networking websites Monday, came after months of public flirting with a bid. He enters a slow-to-form GOP presidential field that has left some Republicans craving more options as they search for a nominee strong enough to credibly challenge President Barack Obama.
The former Georgia congressman, well-known to most Republicans, brings to the race a years-in-the-making political machine with ties to early nominating states as well as a network of supporters and donors. But his personal baggage — he's acknowledged marital infidelity and has had two divorces — could hinder his chances of winning the party's presidential nomination more than a decade after leaving the House.
Still, he spoke confidently of wide support.