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Debt Ceiling Talks

Gang of Six Plan Would Raise Taxes on Low-Income Workers

Daniel Marans | Posted 09.20.2011 | Politics
Daniel Marans

The chained CPI, a change in the inflation formula that would result in cuts to Social Security, VA benefits, Supplemental Security Income (SSI), and other benefits, as well as increases in revenue, has been on the table in deficit talks for months.

Sam Stein

Progressive Groups Launch 11th Hour Debt Ceiling Ad Campaign | Sam Stein | Posted 09.20.2011 | Politics

WASHINGTON -- In a sign of where politics currently stand on a vote to raise the debt ceiling, two progressive-leaning groups are launching a new ad c...

America Divided

John Graham | Posted 09.19.2011 | Politics
John Graham

Watching the sandbox antics in Washington over yet another polarizing issue -- the debt ceiling -- I feel sad and angry at my country's incompetence.

A "Modest Proposal" to Fix U.S. Debt: America, Let's Walk Away

Jeff Reeves | Posted 09.19.2011 | Politics
Jeff Reeves

It is sad day when hardworking, undercompensated CEOs and money managers must see a bloated government gouge us with outrageous taxes -- and then throw away all our hard-earned money.

America Unprepared: Are Budget Cuts Undermining National Disaster Readiness?

Irwin Redlener, M.D. | Posted 09.18.2011 | Politics
Irwin Redlener, M.D.

With the economy in dire trouble, no one is denying that austerity measures are essential. But diminishing the capacity of the public health system to respond to disasters is bad policy.

David Brooks Blasts GOP 'Bandits' And 'Blowhards'

Posted 09.18.2011 | Politics

As Congress struggles to reach a deal to raise the debt ceiling, David Brooks blasts Republicans for refusing to accept a favorable deal that would ha...

The War at Home

Steven Weber | Posted 09.17.2011 | Politics
Steven Weber

The sheer genius of wresting reality from the nation's senses is, if nothing else, an indication that the once boasted-about American spirit of innovation and enterprise is at least alive, if not the slightest bit well.

Michael McAuliff

U.S. Debt Default Means 'Lights Out' And A New Depression, Geithner Warns | Michael McAuliff | Posted 09.17.2011 | Politics

WASHINGTON -- If Congress fails to hike the nation's borrowing limit by Aug. 2, it will be "lights out" on the government and the economy, Treasury Se...

Washington Grinds To A Standstill As Debt Ceiling Talks Continue

AP | JULIE PACE | Posted 09.17.2011 | Politics

WASHINGTON — The debt showdown isn't just the dominant issue in Washington this summer – it's virtually the only one getting any attention...

Drilling Down on the Meaning of "Shared Sacrifice" as Congress Considers Our Debt Limit

Clarence B. Jones | Posted 09.15.2011 | Politics
Clarence B. Jones

Medal of honor recipient Sergeant First Class Petry and his comrades provide a special transcendent example of service to our country that leaders in Congress might want to take some time to pause and reflect upon.

Washington's Worst-Kept Secrets

AP | ERICA WERNER | Posted 09.14.2011 | Politics

WASHINGTON — They might be the least private private negotiations in Washington. The closed-door White House debt talks this week have spilled ...

Debt Deal: What Would You Do?

Mandy Jenkins | Posted 09.14.2011 | Politics

For the past several weeks, Congress and the White House have been debating what to do about the nation's debt limit before a projected default on Aug...

Obama Keeps Pressure On, Holds Press Conference On Debt Ceiling

AP | DAVID ESPO | Posted 09.14.2011 | Politics

WASHINGTON — Struggling to avert an unprecedented national default, congressional leaders jettisoned negotiations on a sweeping deficit-reductio...

Sam Stein

Obama Gives Lawmakers 24-36 Hours: 'It's Decision Time' | Sam Stein | Posted 09.13.2011 | Politics

WASHINGTON -- President Barack Obama gave lawmakers 24 to 36 hours to finalize the path forward for raising the debt ceiling during the latest high-st...

Harry Reid Blasts Eric Cantor: 'Childish,' 'Shouldn't Even Be At The Table'

AP | By LAURIE KELLMAN | Posted 09.13.2011 | Politics

WASHINGTON -- Senate Majority Leader Harry Reid says House Majority Leader Eric Cantor should not be part of the debt limit negotiations. He's calling...

Sam Stein

Obama Warns Cantor 'Don't Call My Bluff' As Debt Talks Stall | Sam Stein | Posted 09.12.2011 | Politics

WASHINGTON -- Lawmakers and the White House had what nearly every party is describing as a "tough" and "testy" meeting on the debt ceiling Wednesday a...

Obama Reportedly Walks Out Of Tense Debt Ceiling Meeting

Posted 09.12.2011 | Politics

President Barack Obama walked out of a contentious meeting in ongoing talks to raise the nation's debt limit on Wednesday, an aide tells Reuters. P...

Samuel Haass

Union to Democratic Senators: Don't Cut Medicaid! | Samuel Haass | Posted 09.12.2011 | Politics

WASHINGTON -- The top union representing state and local workers is putting pressure on moderate Senate Democrats to reject any debt ceiling proposals...

Boehner: Negotiating With White House 'Like Dealing With Jell-O'

AP | BEN FELLER | Posted 09.12.2011 | Politics

WASHINGTON — House Speaker John Boehner said Wednesday that no one wants to see the nation go into government default as the White House and law...

Sam Stein

Wall Street Warns Congress: The Economy Post-Default Is A Man Post-'Suicide' | Sam Stein | Posted 09.12.2011 | Politics

UPDATE -- 5:50 p.m.: By the end of Wednesday, the market seemed fully aware of the debt ceiling debate. U.S. stock-index futures fell after Moody's In...

Michael McAuliff

Nancy Pelosi: Some In GOP Would Pay China Before Seniors | Michael McAuliff | Posted 09.12.2011 | Politics

WASHINGTON -- Republicans may be accusing President Obama of "scare tactics" in saying a default could halt Social Security checks, but House Minority...

Sam Stein

Mitch McConnell: 'I Refuse To Help Obama Reelection' | Sam Stein | Posted 09.12.2011 | Politics

WASHINGTON -- Senate Minority Leader Mitch McConnell (R-Ky.), under siege from conservatives over his opt-out proposal for the debt ceiling debate, de...

Will Cantor Blow Up the Economy?

Will Marshall | Posted 09.12.2011 | Politics
Will Marshall

In slapping away the President's outstretched hand, the GOP seems to be in the grip of not one but two mass delusions. The first is that Americans are groaning under crushing tax burdens. The second delusion is that failing to raise the debt ceiling might have no repercussions.

Mitch McConnell Accuses Democrats Of 'Deliberate Deception'

AP | Posted 09.11.2011 | Politics

WASHINGTON — Ratcheting up the partisan rhetoric, House Speaker John Boehner said Tuesday that the burden for raising the nation's debt limit re...

Sam Stein

Steny Hoyer Warns GOP: Don't Expect A Single Vote Without Revenues | Sam Stein | Posted 09.10.2011 | Politics

WASHINGTON -- The Democratic House leader in charge of counting votes on legislation to raise the nation's debt ceiling warned on Monday that he could...