Earlier this evening, Speaker John Boehner announced that House Republicans will support a two-month extension of the payroll tax cuts. With a call for a final vote Friday morning, Boehner and the GOP leadership have abandoned their current push for a one-year extension of the cuts in order to pass the stopgap provision and end the political battle in time [...]
Adam presents: The Adventures of Supercommittee! Disguised as the mild-mannered Joint Select Committee on Deficit Reduction, the Supercommittee in fact has powers far greater than normal subgroups of legislators. Charged with cutting $1.2 trillion from the deficit, the Supercommitte is faster than a speeding bullet, more powerful than a locomotive, and able to leap tall legislative hurdles in a single bound, [...]
As far back as November President Obama was aware that Congress was going to have to raise the debt ceiling. It’s anyone’s guess why he thought it better to wait until the 112th Congress was seated in January, but he did. He was rewarded with weeks of grueling negotiations resulting in a deal passed by Congress on the final day [...]
With less than two days to go, Congress and the White House have moved in an expected direction on the debt crisis talks, producing few surprises along the way. On Friday night, House Speaker John Boehner (R-OH)’s version of the debt limit bill finally passed in the House on a 218-210 party-line vote, with no Democrats voting “aye” and 22 [...]
Here we are — four days until the federal government hits the debt ceiling and Washington remains under lockdown as a debt limit increase bill has yet to be passed. The struggle, of course, is not over whether the debt ceiling will be increased — both parties are of the consensus that the limit must go up — but over [...]
You can follow President Barack Obama’s news conference and House Speaker John Boehner’s (R-OH) response regarding current debt ceiling negotiations on live.cnn.com 9:25 p.m. A short set of news conferences tonight: Boehner’s arguments fall flat this evening – he is attacking Obama but without pointing out any real reasons to reject the spending cut in the Democratic proposals. 9:23 p.m. [...]
Vice President Joe Biden has been negotiating with leading congressional Republicans for weeks in an attempt to reach a deal on deficit reduction so that Congress will vote to raise the debt ceiling. The discussions have been taking place behind closed doors, so I had been holding out hope that these talks were going somewhere—anywhere. And I thought they were: [...]
Earlier today, President Barack Obama hosted a news conference in which he passionately defended his support of the tax deal currently on the table in Congress. As of now, the agreement consists of an extension of Bush-era tax cuts along with continued insurance for the long-term unemployed, tax cuts for lower-income workers and investment incentives for firms. The tax cuts [...]
In the aftermath of the election, a great deal of attention has been given to the Democratic Party’s losses in the Congress. Although this focus is critical, it has become a little heavy on the blue. The reality is that Republicans have control of the larger house and will retain it for at least the next two years. Therefore, the [...]
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