As Obama Holds the Line, Republicans Claim Default Wouldn’t Be That Bad

By: Wednesday October 9, 2013 5:44 am

As we enter day 9 of the government shutdown it seems the two sides will remain in their starting positions. In a press conference given yesterday President Obama reiterated his unwillingness to negotiate over a continuing resolution to fund the government or the debt ceiling saying those actions are not favors to him but the [...]

Economic Confidence Craters As Shutdown, Income Stagnation, and Poverty Roil Americans

By: Tuesday October 8, 2013 10:32 am

We are now in day 8 of the federal shutdown and it seems Americans are rapidly losing faith that the powers that be can turn the economy around. Confidence in the economy has deteriorated more in the past week than in any week since Lehman Brothers collapsed on Sept. 15, 2008. And why not? Is [...]

Government Shutdown Threatening Food Safety

By: Tuesday October 8, 2013 7:53 am

In theory, essential workers should be immune to a government shutdown caused by Congress and the White House not being able to get their act together. The Pentagon has already recalled a sizable portion of their workers back from furloughs. But one function of the government that seems rather essential is, in fact, being threatened [...]

Democrats’ No Negotiation Stance Under Pressure

By: Tuesday October 8, 2013 6:06 am

In the game of chicken that has become governing in America it seemed for the first six days the Democrats were winning. President Obama, along with Senate Majority Leader Reid, made it clear they were not negotiating both on the government shutdown and debt ceiling. They wanted “clean” votes for funding the government and raising [...]

Pentagon Outmaneuvering Shutdown For Now

By: Monday October 7, 2013 7:55 am

On September 30th, the day before the government shutdown began, the Department of Defense issued a press release detailing billions of dollars of contracts the agency was distributing. All the usual suspects were cashing in  – Lockheed Martin, BAE Systems, Phoenix International, Raytheon etc. – so even if some people weren’t coming to work the [...]

Speaker Boehner Says Country On Path To Defaulting On Debt

By: Monday October 7, 2013 5:38 am

Unfortunately your browser does not support IFrames. Breaking News Speaker John Boehner said in an interview with ABC News on Sunday that the United States government is on the path to defaulting on its debt . A default on US bonds would likely cause another financial crisis given the global financial system’s dependence on the [...]

Speaker Boehner Accuses Democrats Of Playing Games While Playing Games

By: Friday October 4, 2013 10:34 am

Speaker John Boehner is not in an enviable position. He is taking fire from all sides, including within his own caucus. This shutdown and possible debt ceiling default could even threaten the Republican majority in the House of Representatives if he and his GOP colleagues can’t figure out some way to win the media war [...]

Senate Rejects Piecemeal Funding Plan, House GOP Double Down

By: Friday October 4, 2013 5:59 am

Bluff called. Senate Majority Leader Harry Reid has rejected the House GOP’s attempt to fund the government department by department instead of a continuing resolution that funds the entire federal government or “clean CR.” The House Republicans, in response to negative press coverage and hopes of breaking the Senate Democrats’ will, offered to fund the [...]

House GOP Piecemeal Funding Tactic To Be Tested In Senate

By: Thursday October 3, 2013 11:02 am

Now in Day 3 of the government shutdown both sides have made some gaffes but neither seems to have much of a solution. The House Republicans are now testing out Ted Cruz’s plan of funding the government piecemeal style – department by department. The first two bills fund the departments that are getting the most [...]

Speaker Boehner Telling Colleagues ‘Grand Bargain’ Back In Play

By: Thursday October 3, 2013 5:55 am

The end result of the shutdown could be not only a victory for extortion tactics by the minority party, but also long lasting damage to the safety net with cuts to Social Security and Medicare. Speaker John Boehner is telling his Republican colleagues that negotiations are taking place behind the scenes on the so-called ‘Grand [...]

Shutdown Estimated To Be Costing US Economy $300 Million A Day

By: Wednesday October 2, 2013 10:15 am

Here we are in Day 2 of the government shutdown. The horror stories are slowly trickling out from closed war memorials to children with cancer. But one cost of the federal government shutting down has been hard to measure – the costs to the economy. Now a global market research firm has produced an estimate, [...]

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