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debt limit

Memo To The House GOP: Don’t Screw The Veterans, Again. Repeal the Ryan-Rogers Rick Roll

Hugh Hewitt,  On Wednesday the House is scheduled to vote on S. 540, the “Temporary Debt Limit Extension Act,” which, in crucial part, will: (1) suspends the debt limit until March 15, 2015, and preserves the ability of the Secretary to utilize extraordinary measures; (2) modifies the annual cost-of-living adjustment for working-age military retirees in […] Continue reading →

Senate’s Democratic and Republican leaders are closing in on a deal to Avoid Treasury default

Racing the clock, the Senate’s Democratic and Republican leaders closed in on a deal Monday night to avoid an economy-menacing Treasury default and end the two-week partial government shutdown. “We’ve made tremendous progress,” Senate Majority Leader Harry Reid declared after an intense day of negotiations with Senate Republican Leader Mitch McConnell and other lawmakers. “Perhaps […] Continue reading →

Senate's Democratic and Republican leaders are closing in on a deal to Avoid Treasury default

Racing the clock, the Senate’s Democratic and Republican leaders closed in on a deal Monday night to avoid an economy-menacing Treasury default and end the two-week partial government shutdown. “We’ve made tremendous progress,” Senate Majority Leader Harry Reid declared after an intense day of negotiations with Senate Republican Leader Mitch McConnell and other lawmakers. “Perhaps […] Continue reading →

Default looming, Day 14 of shutdown, no solution

The United States moved perilously closer to an economy-rattling default and a partial government shutdown entered its third week as Senate Democratic and Republican leaders remained at odds over spending in their last-ditch negotiations to end the crises facing the nation. Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., spoke by phone […] Continue reading →

The Latest on Congress and the threatened Debt Default

Republicans and Democrats in Congress lumbered through a day of political maneuvering Saturday while a threatened default by the Treasury crept uncomfortably closer and a partial government shutdown neared the end of its second week. “We haven’t done anything yet” by way of compromise, Majority Leader Harry Reid, D-Nev., said after Senate leaders took control […] Continue reading →

GOP: Stay the Course

I respect — but disagree with — those who believe that the Republican Party is on a suicide mission by refusing to agree to either a continuing resolution or a lifting of the debt ceiling without some meaningful inroads into Obamacare. If I understand it correctly, they are convinced that it’s a dead-end mission guaranteed […] Continue reading →

Ending the debt limit crisis: Dear Ben Bernanke

By Alan Grayson  Warren Buffett calls the debt ceiling a “nuclear weapon, too horrible to use.” Obama administration official Jason Furman says the consequence of a default on U.S. government debt is “too terrible to think about.” When asked about a default, Wells Fargo strategist James Kochan simply commented, “Holy cripes.” With this crisis, America […] Continue reading →

World to Washington: Quit screwin� around

We know the situation in Washington is getting serious now that John Boehner has publicly used the word “damned.” “This isn’t some damned game,” the frustrated House Republican leader said last week of the government shutdown. Now it’s my turn to emphasize the seriousness of the government shutdown, the foolishness of the intractable positions on […] Continue reading →