Keyword: debtceiling

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  • Must-do for Congress: Raise debt limit, pass spending bills [barf]

    06/04/2017 3:55:31 PM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Jun 4, 2017 8:57 AM EDT | Andrew Taylor
    Even members of his own party were quick to declare President Donald Trump’s budget plan dead on arrival in Congress last month. And in fact, lawmakers are facing a burst of overdue budget-related work this summer. Most of what’s on the budget agenda probably won’t bear much resemblance to Trump’s spending plan, which promised deep spending cuts on domestic programs, rapid economic growth, and a balanced federal ledger in a decade. Instead, they’re confronting an increase in the government’s borrowing cap, serious problems in advancing annual spending bills, and a smaller set of curbs on domestic benefit programs. […] Atop...
  • Budget chief say debt ceiling may need to be raised soon

    05/30/2017 12:01:44 PM PDT · by OldGuard1 · 20 replies
    White House budget director Mick Mulvaney says the administration is likely to tell lawmakers they'll need to act earlier than expected to increase the government's borrowing cap. Mulvaney told the House Budget Committee that "receipts currently are coming a little bit slower than expected." He says Congress may soon hear from Treasury Secretary Steven Mnuchin (mih-NOO'-shin) about a change in the deadline to raise the debt ceiling.
  • It Will Take An Ax, Not A Scalpel, To Control Federal Spending

    04/29/2017 11:55:30 AM PDT · by Tolerance Sucks Rocks · 52 replies
    Inestor's Business Daily ^ | April 27, 2017 | Adam Brandon (Freedomworks)
    The federal government once again hit the debt ceiling. The ceiling limits the amount of money the federal government can borrow — a number that was set at $20.1 trillion. Although the issue should have been dealt with in 2015, then-Speaker John Boehner capitulated to President Obama and postponed the debt limit until March 16, 2017. Since then, the federal debt has grown by $1,414,397,000,000 — more than one trillion in less than two years. President Trump promised during his campaign to bring back American prosperity and make Washington work for everyone — not just for the small group of...
  • Trump raises stakes on government shutdown, demands border wall funds in spending bill

    04/21/2017 7:39:04 AM PDT · by ColdOne · 80 replies
    washingtontimes.com/ap ^ | 4/20/17 | Stephen Dinan
    The White House said Thursday that it wants to see money for President Trump’s border wall included in the spending bill Congress must pass next week — a demand Democrats said sours negotiations and makes a government shutdown more likely. The demands mark a reversal for the administration, which had been saying it found enough money to build prototypes this year and wouldn’t need a major infusion of cash until next year.
  • What News Will Be Buried on March 15th? Debt Ceiling, Dutch Elections and Brexit.

    03/14/2017 10:08:41 AM PDT · by davikkm · 7 replies
    IWB ^ | Mark Angelides
    March 15th (or the Ides of March) was a bad day for Julius Caesar, but history aside, is something big going to happen on the Ides? As it goes, there are actually already several fairly momentous things taking place, and as the saying goes “a big news day is the best time to bury bad news”. The main stories we will be reading about are: The debt ceiling In November, 2015, the Obama administration set a date for the debt ceiling to run to, and from this day forward, unless there is an almost immediate agreement, the US will not...
  • Mnuchin calls on Congress to raise debt limit as deadline approaches

    03/09/2017 8:08:40 PM PST · by Angels27 · 32 replies
    CNBC ^ | 3-9-17 | Jacob Pramuk and John W. Schoen
    Treasury Secretary Steven Mnuchin has called on Congress to raise the United States debt limit "at the first opportunity." In a letter to congressional leaders dated Wednesday, Mnuchin said the Treasury will stop issuing certain state and local securities on March 15, when the most recent suspension of the debt limit expires. Mnuchin said the Treasury will likely start taking "extraordinary measures" the next day, when the U.S. will be at its statutory limit, to prevent default. "As I said in my confirmation hearing, honoring the full faith and credit of our outstanding debt is a critical commitment. I encourage...
  • Job totals trail pre-recession levels in 10 US states

    03/25/2016 9:22:44 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Mar. 25, 2016 12:18 PM EDT | Christopher S. Rugaber
    Ten U.S. states still have not regained all the jobs they lost in the Great Recession, even after six and a half years of recovery, while many more have seen only modest gains. […] Wyoming had 3 percent fewer jobs last month than it did in December 2007, when the recession began, the Labor Department said Friday. That is the biggest percentage decline among the states. Alabama's job total trails its pre-recession level by 2.7 percent, followed by New Mexico, where job totals are 2.6 percent lower. Some larger states are also still behind. New Jersey has nearly 1 percent...
  • Obama Blames Republicans For Slow Economic Recovery

    03/04/2016 4:13:43 PM PST · by Nachum · 38 replies
    daily caller ^ | 3/4/16 | Connor D. Wolf
    President Barack Obama responded to reports of slow job growth Friday by blaming Republicans who have opposed parts of his economic agenda. The Bureau of Labor Statistics (BLS) report found the economy added 242,000 new jobs in February. The latest number highlights a long-running trend of slow, yet positive, economic growth. Obama credits the growth to his agenda but its slowness to Republicans for their opposition to his plan. “The plans that we have put in place to grow the economy have worked,” the president declared in the Oval Office. “They would work even faster if we did not have...
  • In Defense of the GOP Establishment [Understanding the limitations of what they have to work with]

    02/03/2016 8:04:34 AM PST · by SeekAndFind · 21 replies
    American Thinker ^ | 02/03/2016 | James Arlandson
    When you were a rowdy teen, your parents were the Establishment. Now that you're a parent, what are you? The anti-establishment, cool parent? Not likely. Rather, you're a grownup who tries to keep the peace in your discordant household; who tries to negotiate among self-interested, imperfect family members who have competing goods and goals; and who tries to instill a long-range vision for the future in your desire-ridden family who wants instant self-gratification. Welcome to the Establishment. You're a bona fide member now. Here's a defense of the amorphous, notional Establishment, as I see it, if it even exists in...
  • EXCLUSIVE: Secret Fed Docs Show Obama Misled Congress, Public During Debt Limit Crises

    01/31/2016 10:11:50 PM PST · by Nachum · 22 replies
    Daily Caller ^ | 1/31/16 | Richard Pollack
    Federal Reserve Bank of New York officials secretly conducted real-time exercises during the 2011 and 2013 debt-limit crisis that demonstrated the federal government could function during a temporary shutdown by prioritizing spending, even as Treasury Secretary Jack Lew publicly claimed many times that such efforts were “unworkable,” according to a new report by the House Financial Services Committee obtained by The Daily Caller News Foundation. The staff report, to be released Tuesday, charges that Lew and other Obama administration officials deliberately misled Congress and the public during the federal budget and debt limit showdowns in both years. The committee will...
  • Baby boomers are what’s wrong with America’s economy

    11/06/2015 8:07:55 AM PST · by MadIsh32 · 188 replies
    Washington Post ^ | 11/05/2015 | Jim Tankersley
    If anyone deserves to pay more to shore up the federal safety net, either through higher taxes or lower benefits, it’s boomers — the generation that was born into some of the strongest job growth in the history of America, gobbled up the best parts, and left its children and grandchildren with some bones to pick through and a big bill to pay. Politicians shouldn’t be talking about holding that generation harmless. They should be asking how future workers can claw back some of the spoils that the “Me Generation” hoarded for itself.
  • Paul Ryan: We Fully Expect to Exercise the Power of the Purse

    11/03/2015 6:50:58 PM PST · by Olog-hai · 50 replies
    Cybercast News Service ^ | November 3, 2015 | 11:38 AM EST | Susan Jones
    In the wake of the two-year budget deal the former House Speaker John Boehner negotiated with the Obama White House, Congress still needs to enact appropriations legislation to keep the government funded after the current continuing resolution expires on Dec. 11. When asked at a Tuesday press briefing whether the Republican House will put policy riders on that appropriations bill, newly House Speaker Paul Ryan said that Congress has the power of the purse and expects to use it. […] First up is a highway funding bill: "We're opening up the process," Ryan said, with "lots of amendments considered by...
  • Debt ceiling lifted, and the same day, debt jumps $339B

    11/03/2015 5:01:07 PM PST · by Beave Meister · 23 replies
    The Washington Examiner ^ | 11/3/2015 | PETE KASPEROWICZ
    The U.S. national debt jumped $339 billion on Monday, the same day President Obama signed into law legislation suspending the debt ceiling. That legislation allowed the government to borrow as much as it wants above the $18.1 trillion debt ceiling that had been in place. The website that reports the exact tally of the debt said the U.S. government owed $18.153 trillion last Friday, and said that number surged to $18.492 on Monday. The increase reflects an increasingly common pattern that can be seen in the total U.S. debt level when the debt ceiling is reached.
  • Budget Bill Gouges Social Security

    10/30/2015 2:59:40 PM PDT · by UncleRicosFootball · 43 replies
    Mike Lee Facebook Feed ^ | 10/30/2015 | Mike Lee Facebook Feed
    From Mike Lee's Facebook: This is how it happens. Last night while you were sleeping the Senate voted to steal $150 billion dollars from the Social Security Trust Fund. I joined 34 of my colleagues in a vote to prevent this raid. I would like to thank Senator Rand Paul for leading the fight to protect to Social Security from the thieves in Washington, who seem to think that if they steal from the American people at night while they are sleeping that they will get away with it. I was proud to vote with Senator Paul on his point...
  • Rand Filibusters the Debt Ceiling [Live Coverage]

    10/29/2015 12:34:23 PM PDT · by UncleRicosFootball · 38 replies
    C-SPAN ^ | 10/29/15 | C-SPAN
    Live right now
  • Rand Paul begins filibuster of debt ceiling increase bill; will last until 1am Friday morning

    10/29/2015 12:18:29 PM PDT · by WayneDupreeShow · 18 replies
    Youtube ^ | 10/29/2015 | Wayne Dupree
    I know Presidential candidate Rand Paul's campaign is failing but one thing he is good at and that is going after the left and right when it comes to fraud, waste and abuse by our government leaders. He's started a filibuster against the debt ceiling increase that will last until 1am ET Friday morning. He says, "then we will find out who the real conservatives are" I will be uploading clips throughout the day.
  • 6 TEXAS REPUBLICAN REPS JOIN WITH DEMS IN APPROVING DEBT CEILING INCREASE

    10/29/2015 8:41:24 AM PDT · by TexasCajun · 6 replies
    NewsBusters.org ^ | Oct 29, 2015 | Bob Price
    Six Texas Republican representatives joined with the eleven Democrats in the state’s congressional delegation to vote in favor of the bill to raise the debt ceiling. Nineteen Texas Republicans voted nay in attempting to block the measure. On a national level, 79 Republicans joined with all 187 Democrat members of the House to pass the measure back to the Senate. Rep. Kevin Brady (R-TX)64% voted in favor of the bill with the Democrats, according to GovTrack.us. He announced this week that he seeks to replace Rep. Paul Ryan (R-WI)58% as chairman of the House Ways and Means Committee. Ryan is...
  • RYAN: ‘OUR PARTY HAS LOST IT’S VISION AND WE ARE GOING TO REPLACE IT’

    10/28/2015 1:35:22 PM PDT · by Hojczyk · 101 replies
    Breitbart ^ | October 28,2015 | PAM KEY
    117 Wednesday, presumptive Speaker of the House Congressman Rep. Paul Ryan (R-WI)58% vowed things will be different under his leadership. Ryan said, “This begins a new day in the House of Representatives. Rep. John Boehner (R-OH)37% served with humility and distinction and we owe him a debt of gratitude. But tomorrow we are turning the page. We are not going to have a House that looked like it looks the last few years. We are going to move forward. We are going to unify. Our party has lost its vision and we are going to replace it with a vision....
  • Washington just reached the mother of all budget deals of the Obama era

    10/27/2015 8:40:13 AM PDT · by SeekAndFind · 49 replies
    Business Insider ^ | 10/27/2015 | Brett LoGiurato
    It's not the ever elusive "grand bargain." But Washington may have solved almost all of its budget problems through the 2016 presidential election. Congressional leaders and the White House came to tentative terms on a major budget deal in the wee hours of Tuesday morning — one that could stave off many of the fiscal land mines remaining through next year's election and beyond. Its passage is far from certain, but it will most likely be the final act for House Speaker John Boehner (R-Ohio) before he leaves Congress at the end of the week and hands over the role...
  • Ted Cruz: ‘Meaningful Concessions’ Republican Leadership Should Receive in Debt Ceiling Fight

    10/26/2015 8:39:32 PM PDT · by Isara · 13 replies
    Daily Signal ^ | October 26, 2015 | David Brody
    Sen. Ted Cruz talks about the Debt Ceiling (video) Sen. Ted Cruz says Republican leadership should make sure it receives “meaningful concessions” in the upcoming fight over raising the debt ceiling. But he’s not holding his breath. “Unfortunately, Republican leadership approaches every battle preemptively surrendering saying we can get nothing,” Cruz tells The Daily Signal. The deadline to raise the debt ceiling is Nov. 3. President Barack Obama says he won’t negotiate on this issue but Cruz says that isn’t the history of debt ceiling fights. “The last 55 times Congress has raised the debt ceiling it has attached...