Tennessee Valley Authority ratepayers in June will pay slightly more due to an increase in fuel cost, and a spokesman said the utility's use of pricier replacement power due to the devastating tornadoes and storms will be in bills starting in July.
Treasury Secretary Timothy Geithner says that if Republicans insist on passage of their budget plan as a condition for approving an increase in the nation's borrowing limit, they will be responsible for the consequences.
Treasury Secretary Timothy Geithner is telling Congress that he will halt investments in two big government pension plans Monday to allow the government to continue borrowing money for the next few months.
Vice President Joe Biden says bipartisan talks to tame the nation's growing national debt can achieve "a significant down payment" on the $4 trillion in deficit reduction that many have identified as a minimum goal for the next decade.
The top Republican in the Senate says it'll take cuts both to agencies' budgets and to long-term spending on programs like Medicare and Medicaid to win his vote to permit the government to keep going into debt to meet its obligations.