House Passes Clean Debt Ceiling Bill With Democratic Support

By: Wednesday February 12, 2014 5:33 am

What a difference a tough negotiating stance can make. Yesterday the House of Representatives passed a clean debt ceiling bill. Republican leadership backed the bill but had to rely on Democratic votes to push it through. The vote was 221-201 to lift the debt ceiling until March 2015. Only 28 Republicans voted for the bill. [...]

Shutdown Ends, Debt Ceiling Raised, For Now

By: Thursday October 17, 2013 5:44 am

After wasting everyone’s time and money for 16 days, Speaker Boehner and the House Republicans caved in and reopened the government and raised the debt ceiling. Now we return to the brutal austerity of the Budget Control Act of 2010, in losing the Republicans have won. Although part of the deal to reopen the government [...]

Ted Cruz Loses Local Newspaper Endorsement But Gains Cash For Helping Shutdown Government

By: Wednesday October 16, 2013 11:27 am

In a cheerful press conference today Senator Ted Cruz said he would not try to stop a bill reopening the government and raising the debt ceiling from passing the Senate. It would seem that Senator Cruz should be in a more sour mood given that his plan to stop Obamacare is set to be thwarted. [...]

Senate Crafting Bill To Avoid Default After House Chokes

By: Wednesday October 16, 2013 5:59 am

Yesterday, in stunning display of incompetence, Speaker Boehner was unable to find enough Republican votes to pass the Senate negotiated compromise to end the shutdown and raise the debt ceiling. Rather than simply letting the House vote on the bill where it likely would have passed due to Democratic votes, Boehner pulled the bill. Now, [...]

Did The US Already Default On Its Reputation?

By: Tuesday October 15, 2013 10:55 am

Raise your hand if you voted for a Representative who is currently endangering your money market fund. Then slap yourself with that hand. — Downtown Josh Brown (@ReformedBroker) October 15, 2013 Two days or so from now the US government will reportedly run out of extraordinary measures to pay debts and be in default. Some [...]

Deal To End Shutdown And Raise Debt Ceiling Developing In Senate

By: Tuesday October 15, 2013 5:54 am

As we enter day 15 of the government shutdown and Republican poll numbers are dropping out of the sky a deal is reportedly developing in the Senate to end the shutdown and raise the debt ceiling. The deal funds the government until January 15th and raises the debt ceiling until some time in February – [...]

March On White House Includes Confederate Flag, Claims Obama Is A Muslim

By: Monday October 14, 2013 8:26 am

Still fighting the "War of the Northern Aggression", I see… — Goldie Taylor (@goldietaylor) October 13, 2013 Over the weekend there were right-wing protests outside the White House over the closing of war monuments and other national landmarks called the “Million Vets March On The Memorials.” This is particularly ironic given that the closings [...]

Obamacare Off The Table As Sequestration And Debt Ceiling Takes Center Stage

By: Monday October 14, 2013 6:00 am

Unfortunately your browser does not support IFrames. Breaking News As we enter day 14 of the federal government shutdown the Republicans have moved the goal posts from delaying Obamacare to getting a deal on spending and entitlement cuts. The debt ceiling is expected to be breached in a few days (October 17th) which could cause [...]

House GOP Looking To End Budget Fight

By: Friday October 11, 2013 10:17 am

Now in day 11 of the federal government shutdown it appears the House GOP may be ready to end the budget and debt ceiling fight. The deal involves trading a clean CR and clean debt ceiling raise as part of a package that includes cuts in benefit programs. In other words, letting Obamacare stand but [...]

Talks Begin On Debt Ceiling And Shutdown

By: Friday October 11, 2013 5:48 am

Yesterday House Republican leaders met with President Obama at the White House to begin discussing a deal on raising the debt ceiling and ending the government shutdown. The initial proposal by Speaker Boehner to grant a six-week extension on US borrowing authority was rejected by Obama. Apparently the ‘Grand Bargain’ is back. President Obama and [...]

Speaker Boehner To Push For Raising The Debt Ceiling

By: Thursday October 10, 2013 7:45 am

BREAKING: Boehner offers temporary debt ceiling extension if Obama negotiates reopening government. — The Associated Press (@AP) October 10, 2013 The Republicans seem to have finally developed a strategy beyond shutting everything down and hoping the Democrats completely cave. The strategy appears to be to take the debt default off the table, at least momentarily, [...]

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