Wednesday, August 5, 2015
debt ceiling
Congressman Jim Jordan speaking at the 2012 CPAC in Washington, D.C. (Gage Skidmore/Flickr)

Conservatives Using Freedom Caucus To Recalibrate The Right

Meet the new right-wing group that’s itching for another debt ceiling fight.

March 10, 2015
Photo: Abaca Press/MCT/Olivier Douliery

Biden: ‘On Every Major Issue, The American People Agree With The Democratic Party’ [Video]

Vice President Joe Biden slammed the GOP during his Friday morning speech to the House Democrats’ annual conference in Cambridge, Maryland, insisting that voters side with their party on every key issue. “This is the first time in my career…where on every major issue, the American people agree with the Democratic Party,” Biden said. “I […]

February 14, 2014
Boehner Government Shutdown

John Boehner’s Sunshine Band

WASHINGTON — From now on, it’s the Zip-A-Dee-Doo-Dah House. The political world stopped for a moment when Speaker John Boehner broke into the jaunty old Disney tune — “My, oh my, what a wonderful day” — after a news conference during which he threw in the towel on the debt ceiling fight. He found himself […]

February 13, 2014
Debt Limit

Congress Extends U.S. Borrowing Authority Until 2015

Washington (AFP) – Lawmakers approved a 13-month extension of U.S. borrowing authority with no string attached Wednesday, shelving a fractious political debate over the nation’s debt ceiling until after November’s mid-term elections. Following the House of Representatives’ lead from a day earlier, the Senate passed the legislation 55-43, marking a dramatic victory for President Barack […]

February 12, 2014

5 Right-Wing Groups Ripping Boehner For Raising The Debt Ceiling

Photo: Talk Radio News Service via Flickr When House Speaker John Boehner (R-OH) backed away from yet another manufactured debt ceiling crisis on Tuesday, he effectively killed what has been the Republican Party’s favorite negotiating tactic throughout the Obama administration. The costly practice of threatening to crash the global economy unless the president relents to […]

February 12, 2014
debt ceiling

Senate To Vote Wednesday To Lift U.S. Debt Ceiling

Washington (AFP) – Senators will vote Wednesday on a bill extending US borrowing authority with no strings attached, a sign lawmakers want to avert another paralyzing debt showdown. The measure, which raises the debt ceiling for the world’s largest economy until mid-March 2015, passed the House of Representatives Tuesday, and Senate leaders are proceeding with […]

February 12, 2014
Debt celing

U.S. Debt Ceiling Hike Clears House, Heads To Senate

Washington (AFP) – U.S. Republicans capitulated to President Barack Obama’s call to extend the nation’s borrowing authority with no strings attached, dialing back the threat of an election-year fiscal showdown. The House of Representatives narrowly approved a measure to suspend the U.S. debt ceiling until March 2015. It now moves to the Senate, which will […]

February 12, 2014

5 Reasons The GOP Caved On The Debt Limit

RIP, debt ceiling crises. It’s obvious that Republicans have lost their old passion for holding the global economy hostage. Their final demands would have required Democrats to agree to increase spending in the near term in exchange for raising the debt ceiling. In 2011, the GOP introduced the “Boehner rule,” which required — for the […]

February 11, 2014
John Boehner

Republicans To Offer Condition-Free U.S. Debt Ceiling Hike

Washington (AFP) – House Republicans introduced a measure Tuesday to extend U.S. borrowing authority with no conditions attached, signalling they are stepping back from an election-year fiscal showdown. House Speaker John Boehner, unable to gain sufficient support from his fractured party for a plan he unveiled Monday that would have tied the debt ceiling hike […]

February 11, 2014
John Boehner

Study: Government-By-Crisis Has Cost 750,000 Jobs

As time continues to run out before Congress must raise the debt ceiling — Treasury Secretary Jack Lew has pegged February 27 as the date on which the “extraordinary measures” funding the government will be exhausted — a new report has confirmed the damage that previous standoffs have done to the U.S. economy. According to […]

February 10, 2014
John Boehner spending

Deficit Of Truth: What Republicans Hope You Don’t Know And Never Find Out

Listening to Republicans in Congress wailing incessantly about our spendthrift culture raises a nagging question: What would they do, besides talking, if they actually wanted to reduce federal deficits and, eventually, the national debt? First, they would admit that President Obama’s policies, including health care reform, have already reduced deficits sharply, as promised. Second, they […]

February 6, 2014
Boehner RS

Republicans Finalize Hostage Demand, Public Prepares To Blame Them For Default

House Republicans have narrowed their debt ceiling strategies to two demands, neither of which have anything to do with actually reducing America’s debt. In exchange for a one-year extension of the debt ceiling so the Treasury can pay debts Congress has already voted to take on, Republicans want the repeal of Obamacare’s risk corridors, according […]

February 4, 2014
jack lew

Lew: ‘Time Is Short’ For Congress To Raise Debt Limit

Washington (AFP) – U.S. Treasury Secretary Jacob Lew warned Monday that the United States will exhaust its borrowing authority on Friday without action by Congress to lift the debt limit. “Time is short. Congress needs to act to extend the nation’s borrowing authority, and it needs to act now,” Lew said in to prepared remarks […]

February 3, 2014
Jacob Lew

Congress Must Raise Debt Cap By Late-February: Treasury

Washington (AFP) – The U.S. Treasury said Wednesday that it would exhaust its ability to borrow funds to pay all its bills by late February if Congress does not increase the country’s borrowing limit. “I respectfully urge Congress to provide certainty and stability to the economy and financial markets by acting to raise the debt […]

January 23, 2014
Jacob Lew

Lew Urges Congress To Raise Debt Ceiling Soon

Washington (AFP) – U.S. Treasury Secretary Jacob Lew urged Congress Thursday to quickly raise the country’s borrowing ceiling to avert yet another political showdown over debt that could unnerve capital markets. “We have, you know, a deadline looming in February. February 7th our borrowing authority runs out again. At that point, Congress has to act,” […]

January 16, 2014
Mitch McConnell

This Is How Republicans Could Blow The 2014 Midterms

As the 2014 midterm elections approach, Republicans are feeling increasingly optimistic about their chances of winning a majority in the U.S. Senate, along with keeping control of the House of Representatives. And while there is reason to doubt that the current Republican plan of simply trashing the Affordable Care Act without even offering an alternative […]

January 16, 2014

Dem. Congressmen: Get Rid Of Debt Ceiling

Democratic Representatives Jerrold Nadler (D-NY), Hank Johnson (D-GA), and Jim Moran (D-VA) introduced legislation today that would eliminate the federal debt ceiling. A spokesman for Nadler said that the heated negotiations to raise the debt ceiling in August — which resulted in Standard & Poor’s downgrading the United States’ credit rating for the first time […]

September 14, 2011

Let’s Just Call Them The “Deadbeat Party”

As I write, it’s impossible to guess how the latest made-for-TV partisan crisis in Washington will end. We’ve reached the point where the president of the United States felt he needed to deliver a prime-time speech essentially defending the post-Enlightenment values of reason, evidence and compromise against an obscurantist movement more like a religious cult […]

July 28, 2011

Tea Party Rep. Joe Walsh Owes His Wife $100,000 In Child Support

Illinois Rep. Joe Walsh says Obama is lying about the debt ceiling and in a recent video insisted, “I won’t place one more dollar of debt upon the backs of my kids and grandkids unless we structurally reform the way this town spends money!” Only problem: he isn’t taking care of his own children: The […]

July 28, 2011

Congress Fights Over CBO Scores As Wall Street Tries To Keep Cool

The firestorm in Washington over the deficit and raising the debt ceiling to avert a default is concerning, even nerve-wracking, but the financial community apparently remains more confident than not that an 11th hour deal will be reached and an unprecedented downgrading of U.S. credit avoided. Conversations with financial analysts and industry insiders suggest a […]

July 27, 2011

Debt Ceiling Questions, Answered

A helpful primer for those who haven’t been following too closely: Q. This sounds like an odd system. Do you mean that Congress can pass a budget that requires borrowing, and then argue later about whether to approve that borrowing? A. That’s right. The system goes back to World War I, when Congress first put […]

July 27, 2011

Obama Makes The Case For Sanity While Boehner Keeps His Foot On The Pedal

Barack Obama and Speaker John Boehner may have gone back and forth on the debt ceiling Monday night, but the market and rating agencies have already delivered a clear verdict: the House Republican bill — which they call “Cut, Cap and Balance” — will not prevent a downgrade of U.S. Treasury securities. Passage of the […]

July 25, 2011

After The Debt Ceiling Fiasco

WASHINGTON — Hours before the negotiations on the debt limit between President Obama and House Speaker John Boehner collapsed, political reporters received a missive from Mitt Romney’s presidential campaign that served as a reminder of how irrelevant this kerfuffle might feel next year. The headline read, “Romney for President Launches New Web Video: Obama Isn’t […]

July 25, 2011
Obama Debt Showdown_Ster-1

Obama Gets Mad: Can Republicans “Say Yes To Anything!?”

Early Friday evening, Obama angrily explained to the press that Speaker of the House John Boehner (R-OH) walked away from negotiations to raise the debt ceiling and reduce the deficit. Obama said that he and the Speaker had agreed to a plan that would offer $1 trillion in discretionary spending cuts, $650 billion of modest […]

July 22, 2011

Blowing Up The House

WASHINGTON — Media reports are touting the Senate’s Gang of Six and its new budget outline. But the news that explains why the nation is caught in this debt-ceiling fiasco is the gang warfare inside the Republican Party. We are witnessing the disintegration of Tea Party Republicanism. The Tea Party’s followers have endangered the nation’s […]

July 21, 2011
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