WASHINGTON — After tension escalated in Wednesday’s debt limit negotiations, President Obama told Republican lawmakers that he will not yield on reaching a deal that includes a long-term deficit cut. Republicans said that after a heated disagreement with House Majority Leader Eric Cantor (R-Va.), the president “abruptly” walked out of the meeting. Democratic lawmakers, however, […]
WASHINGTON — After tension escalated in Wednesday’s debt limit negotiations, President Obama told Republican lawmakers that he will not yield on reaching a deal that includes a long-term deficit cut. Republicans said that after a heated disagreement with House Majority Leader Eric Cantor (R-Va.), the president “abruptly” walked out of the meeting. Democratic lawmakers, however, […]
WASHINTON — After days of parlay between Republican and Democratic lawmakers, and no efforts to reach a deal on the deficit, Senate Republican leader Mitch McConnell proposed that President Obama increase the federal debt limit without Congressional approval. McConnell’s proposal suggests a lack of confidence in Congress’ ability to reach a bipartisan agreement on spending […]
WASHINTON — After days of parlay between Republican and Democratic lawmakers, and no efforts to reach a deal on the deficit, Senate Republican leader Mitch McConnell proposed that President Obama increase the federal debt limit without Congressional approval. McConnell’s proposal suggests a lack of confidence in Congress’ ability to reach a bipartisan agreement on spending […]
WASHINGTON — If lawmakers fail to reach a compromise on the nation’s deficit, it would not be the first time America defaulted on its loans…sort of. According to a report in The Washington Post, in 1979 the U.S. reached a last-minute approval that resulted in technical malfunctions in processing the backlog of paperwork, and subsequently […]
WASHINGTON — If lawmakers fail to reach a compromise on the nation’s deficit, it would not be the first time America defaulted on its loans…sort of. According to a report in The Washington Post, in 1979 the U.S. reached a last-minute approval that resulted in technical malfunctions in processing the backlog of paperwork, and subsequently […]
WASHINGTON — President Obama challenged Republicans to commit to a more ambitious, long-term plan on spending cuts, revenue increases and changes to entitlement programs, during a news conference Monday morning. The New York Times reports: Mr. Obama said he will not consider a short-term, stop-gap solution to raise the debt ceiling. “This is the United […]
WASHINGTON — President Obama challenged Republicans to commit to a more ambitious, long-term plan on spending cuts, revenue increases and changes to entitlement programs, during a news conference Monday morning. The New York Times reports: Mr. Obama said he will not consider a short-term, stop-gap solution to raise the debt ceiling. “This is the United […]
WASHINGTON — As negotiations on raising the debt limit persist, reports say President Obama is willing to reduce significant spending in Medicare and Social Security in exchange for Republican support in fresh tax revenue. This deal may upset many Democratic policymakers, however, Obama is set to argue in a meeting Thursday morning that a consensus […]
WASHINGTON — As negotiations on raising the debt limit persist, reports say President Obama is willing to reduce significant spending in Medicare and Social Security in exchange for Republican support in fresh tax revenue. This deal may upset many Democratic policymakers, however, Obama is set to argue in a meeting Thursday morning that a consensus […]
