Debt Limit Fight: How will it End?
The Obama administration said Saturday, there are only two options to deal with the debt limit: Congress can pay its bills or it can fail to act and put the nation into default.
Ruin-Nation: The Obama Catastrophe
Barack Obama finally got the grand, bipartisan consensus he’s been working towards for two and a half years. His implacable, deep-seated hostility to the left half of the Democratic Party (“retarded,” said his boy, Rahm Emanuel) – which includes most of the Congressional Black Caucus – transformed a 2008 popular mandate for progressive change into its opposite:
Obama Signs Deficit Reduction Plan
President Obama signed into law the “Budget Control Act of 2011″, following approval by the U.S. Senate. The $2.4 trillion deficit-reduction plan, passed the Senate Tuesday in a 74 to 26 vote, following passage on Monday night by the Republican-controlled House of Representatives.
Obama Gives It Up, Strikes a Deal
President Barack Obama announced on Sunday night that a debt ceiling deal had been reached by leaders of both parties, in both chambers that will reduce the deficit and avoid default by the U.S. Obama said the first part of the agreement will cut $1 trillion in spending over 10 years and boasted it will be the lowest level of annual domestic spending since Dwight Eisenhower was President.
DELAYED
Republicans in the U.S. House of Representatives have delayed a vote on a bill to raise the nation’s debt limit by $900 billion in the short-term. Insiders say that Speaker John Boehner does not have the votes to get the bill through the House. Originally scheduled to take place around 6:15 p.m., the House vote on the bill could come later on Thursday evening, a Republican aide said.
Obama to Address the Nation on Debt Ceiling Talks
Tonight at 9 p.m. est, President Barack Obama will address the nation from the East Room on the stalemate in Washington over avoiding default and the best approach to cutting deficits.
Why Boehner Cries
I know why House Speaker John Boehner walked out of debt ceiling talks with President Obama on Friday.
Debt Talks Implode
President Barack Obama, clearly frustrated, announced on Friday that Republican House Speaker John Boehner had called off the debt ceiling and lower deficit talks. “Speaker Boehner is walking away from an extraordinarily fair deal,” Obama stated. According to Obama, the deal under discussion was tilted more towards what Republicans wanted. But Boehner disputed the president’s characterization of the breakdown in the talks, saying that the White House had moved the “goal post.”
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