The federal government hit its debt limit at the end of last year. Since then, the Treasury Department has been taking what it calls "extraordinary measures" to keep the government funded and avoid defaulting on U.S. obligations.
But those measures will run out sometime between the middle of February and early March. Then it's up to Congress to raise the debt limit.
House Republicans are wrestling with the best strategy at a retreat Thursday and Friday in Virginia. And some have been denying that there is a risk of default if the debt ceiling isn't raised.
Originally published on Thu January 17, 2013 6:06 pm
He has repeated the catchphrase over and over again, though he really had to say it only once: No one ever doubted for a minute that Arnold Schwarzenegger wouldn't be back.
How you feel about the hit-or-miss neo-spaghetti-Western The Last Stand may depend on how much you really missed Schwarzenegger while he was taking time off from acting to serve two terms as governor of California.
When Lucas (Nikolaj Coster-Waldau) and Annabel (Jessica Chastain) welcome his orphaned nieces (Isabelle Nelisse, left, and Megan Charpentier) into their home, they also inadvertently welcome one particularly malevolent spirit.
Credit Universal Pictures
Lilly and Victoria provide a haunting presence at the heart of Mama, a horror film backed by executive producer Guillermo del Toro.
As an investigation into American municipal corruption, Broken City is, well, damaged. But as an opportunity for hard-boiled types to trade threats, blows and caustic banter, this modern-day noir works reasonably well.
The story begins in a New York housing project, where scruffy undercover cop Billy Taggart (Mark Wahlberg) has just dispatched a felon. The victim had it coming, it seems, but that doesn't mean the shooting is strictly legit.
Bruno Dumont just wasn't made for these cinematic times. Rather than cajole and flatter his viewers, the French filmmaker intentionally alienates and mystifies them. Like his five previous movies, the new Hors Satan is stark, strange and uncompromisingly personal. It's also vivid and unforgettable.
Workers dismantle the fence around the remodeled Century theater in Aurora, Colo., in preparation for the cinema's reopening Thursday. The theater's owner sent 2,000 invitations to the private event, being held for victims' families and first responders.
The Aurora, Colo., theater where 12 people were killed in a mass shooting last summer reopens Thursday, with a private event for victims' families and first responders.
But some families are giving the event a pass, arguing that the decision to reopen is insensitive. Jessica Watts lives just a few miles from the theater where her cousin, Jonathan Blunk, and 11 others were killed and dozens more wounded.
We couldn't leave Memphis without a taste of the blues from gospel-blues singer and preacher Rev. John Wilkins. He's the son of Rev. Robert Wilkins, who wrote "Prodigal Son," a song famously covered by The Rolling Stones on Beggars Banquet.
Here, we've got a performance by Rev. John Wilkins with his band — and his daughters on backing vocals. During our interview, Wilkins spoke about his faith and his father, and even sings a version of "Prodigal Son" himself.