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Debt Limit

Elise Foley

Grover Norquist Clarifies Anti-Tax Increase Position | Elise Foley | Posted 09.21.2011 | Politics

WASHINGTON -- Voting to end the Bush tax cuts would be considered a tax hike and a violation of a pledge to Americans for Tax Reform, organization pre...

Michael McAuliff

Unions Go After Gang Of Six Plan: 'It Would Kill Jobs' | Michael McAuliff | Posted 09.20.2011 | Politics

WASHINGTON -- Unions are coming down hard on the so-called "Gang of Six" deficit-cutting plan, blasting the bipartisan proposal with a harsh ad set to...

Elise Foley

Harry Reid: Cut, Cap And Balance 'Some Of The Worst Legislation In The History Of This Country' | Elise Foley | Posted 09.20.2011 | Politics

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) said on Thursday the Cut, Cap and Balance bill passed by the House Tuesday is "some of the w...

Michael McAuliff

GOP: Obama Will Cave On Debt | Michael McAuliff | Posted 09.20.2011 | Politics

WASHINGTON -- Republicans are willing to push President Obama to the wall with their budget-slashing bill to raise the debt ceiling because they are c...

Sara Kenigsberg

People Sound Off on Debt Ceiling | Sara Kenigsberg | Posted 09.20.2011 | Politics

Last week, as part of a HuffPost and Patch collaboration, dozens of local Patch editors went out to talk to their neighbors about the debt ceiling. Th...

Sam Stein

McConnell-Reid Debt Deal Close To Being Scrapped, Larger Package In Reach | Sam Stein | Posted 09.20.2011 | Politics

WASHINGTON -- The fail-safe debt ceiling plan crafted by the Senate's top two leaders, Harry Reid (D-Nev.) and Mitch McConnell (R-Ky.), is close to be...

Elise Foley

Grover Norquist: Ending Bush Tax Cuts Not A Tax Hike | Elise Foley | Posted 09.20.2011 | Politics

This article has been updated. WASHINGTON -- Ending the Bush-era tax cuts for the wealthy would not be a tax hike, according to Grover Norquist, th...

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...

House Armed Services Chair Rejects Gang Of Six Plan Over Defense Cuts

AOL Defense | Colin Clark | Posted 09.19.2011 | Politics

Washington: The chairman of the House Armed Services Committee today rejected the Senate's Gang of Six budget plan, saying it cut far too much from th...

Michael McAuliff

Reagan Is Liberal Icon In Debt Debate | Michael McAuliff | Posted 09.19.2011 | Politics

WASHINGTON -- Democrats have a new icon these days: Ronald Reagan. That's because, unlike many Republicans in the House, the fiscally conservative ...

Elise Foley

Dem Senator: House Republicans Morphed Into 'A Cult' | Elise Foley | Posted 09.19.2011 | Politics

WASHINGTON -- Senate Democrats attacked the "Cut, Cap and Balance" measure on Wednesday, calling the House-passed bill "devoid of substance" and "dead...

The People Want Balance!

Jared Bernstein | Posted 09.19.2011 | Politics
Jared Bernstein

It's crunch time in the debt ceiling/budget debate. While partisans are sharpening their knives in preparation of administering a deep, self-inflicted wound, markets are beginning to lurch around, tanking on bad news regarding the deal and visa-versa.

Jennifer Bendery

House Passes Tea Party's 'Cut, Cap And Balance' Fiscal Plan | Jennifer Bendery | Posted 09.18.2011 | Politics

WASHINGTON -- House Republicans easily passed their "Cut, Cap and Balance" fiscal plan on Tuesday, a proposal that boosts their standing among Tea Par...

Andrea Stone

Gang of Six Plan On Charitable Deductions Would Follow Debt Commission Guidelines | Andrea Stone | Posted 09.18.2011 | Politics

WASHINGTON -- Part of the debt-reduction plan unveiled Tuesday by the Gang of Six would "reform, not eliminate tax expenditures" for charitable giving...

Jeremiah and the Debt Crisis

Paul A. London | Posted 09.18.2011 | Politics
Paul A. London

The Wikipedia paragraphs on the prophet Jeremiah fit my recollection of his warnings. They are relevant today as Tea Party radicals contemplate forcin...

Amanda Terkel

WATCH: Dem Congressman Cuts Up Credit Cards: 'Free Yourselves!' | Amanda Terkel | Posted 09.18.2011 | Politics

WASHINGTON -- While Congress is fixated on America's national debt, Rep. Hansen Clarke (D-Mich.) on Tuesday tried to turn its attention toward credit ...

Ryan Grim

Gang Of Six Unveils Debt-Reduction Plan | Ryan Grim | Posted 09.18.2011 | Politics

WASHINGTON -- More than half the Senate was convened early Tuesday morning by Sen. Mark Warner (D-Va.) for a briefing on a deficit-reduction plan bein...

Bring Back the Gipper

Jerry Kremer | Posted 09.18.2011 | Politics
Jerry Kremer

If the Gipper was running the show he would take Boehner, Cantor and McConnell out to the woodshed and give them a history lesson they wouldn't forget.

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...

Watch: Mitch McConnell Takes Heat Over Debt Ceiling 'Plan B'

Posted 09.17.2011 | Politics

In the debt ceiling debate, GOP senator Mitch McConnell and his "Plan B" have come under increasing scrutiny. The plan, which calls congress to ce...

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...

Jennifer Bendery

Obama Slams Republican 'Cut, Cap, Balance' Plan, Promises Veto | Jennifer Bendery | Posted 09.17.2011 | Politics

WASHINGTON -- President Barack Obama will veto conservative Republicans' "Cut, Cap and Balance" fiscal plan if it makes it to his desk, the White Hous...

Republicans’ Budget Balance Plan Lacks Details

Bloomberg | Posted 09.17.2011 | Politics

Congressional Republicans are clear in their demand for a constitutional amendment forcing the government to balance its budget. What they’re not of...

Congress Tees Up Crucial Votes On Debt Limit

The Washington Post | Hide This | Posted 09.17.2011 | Politics

A bipartisan effort in the Senate to allow President Obama to raise the federal debt ceiling in exchange for about $1.5 trillion in spending cuts over...

The Dangerous Hi-Jinks of the GOP's Juveniles

Robert Reich | Posted 09.17.2011 | Politics
Robert Reich

The GOP's experienced actors -- House Speaker John Boehner and Senate Minority Leader Mitch McDonnell -- have been upstaged by juveniles like Eric Cantor and Michele Bachmann, who don't know the difference between playacting and governing.