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Debt Negotiations

Grexit's Cost for Europe

Alexis Giannoulis | Posted 06.08.2015 | World
Alexis Giannoulis

While it is obvious that the current painful negotiations between Greece and its creditors must come to a swift conclusion, a Grexit will ultimately cost Europe as much, or more, than a possible 'haircut' of Greek debt.

Is This a Realistic Time for a 'Grand Bargain?'

Jared Bernstein | Posted 08.17.2013 | Politics
Jared Bernstein

As the fiscal picture has improved, both through actions we've taken already and the improving economy, it's much tougher to make the hair-on-fire urgency case that drove this benighted debate in recent years.

Christina Wilkie

Deficit Debate Sends Old Foes Back To The Airwaves | Christina Wilkie | Posted 12.08.2012 | Politics

WASHINGTON -- The lobbying battle over federal budget priorities heated up this week, as two powerful factions announced major TV ad campaigns aimed a...

The Republican "Bubble" Is Yet to Be Popped

Joseph A. Palermo | Posted 02.03.2013 | Politics
Joseph A. Palermo

Before the liberals write the GOP's obituary it would be wise to acknowledge the role other "bubbles" play in inventing new and ingenious ways to get people to vote against their own self-interests. Rather than one all-encompassing "bubble" that hermetically seals the Republicans inside their media universe, there's no shortage of other equally important bubbles that serve corporate power. These bubbles often overlap in influence and personnel and still possess the awe-inspiring ability to persuade public opinion on the problems of greatest magnitude facing the United States today. Although it was amusing on election night to see Karl Rove on Fox News refuse to accept the reality of President Obama's Ohio victory, we shouldn't be too quick to draw totalizing conclusions from the Democratic victories.

Anger Over Messy Debt Negotiations Imperils Both GOP And Democrats

The Wall Street Journal | Posted 11.06.2011 | Politics

As dark as the political picture is for President Barack Obama right now, Republicans aren't exactly basking in a healthy glow either, suggesting that...

Republican Congressmen Will Push For Balanced Budget Amendment

AP | By ANDREW TAYLOR | Posted 10.22.2011 | Politics

WASHINGTON -- As a "supercommittee" tries to find $1.5 trillion in new deficit cuts this fall, Republicans will be pressing a far more ambitious goal:...

Federal Agencies Warned To Prepare For More Cuts

AOL Government | Wyatt Kash | Posted 10.18.2011 | Politics

Federal agency and department leaders should plan for a 5 percent reduction in discretionary spending in fiscal year 2013, and prepare for more cuts -...

Panetta: Bigger Defense Cuts Would Be Devastating

AP | ROBERT BURNS | Posted 10.16.2011 | Politics

WASHINGTON — Large new cuts in defense spending would "terribly weaken" U.S. national security, Defense Secretary Leon Panetta said Tuesday as h...

Tit for Tat Politics and Daydreams

Dan Bimrose | Posted 10.01.2011 | Politics
Dan Bimrose

The news for the last few weeks has been nothing but a persistent and exhausting flow of reports associated with the debt ceiling. Is it too much to ask that we have a little entertainment with that news?

Joshua Hersh

China: U.S. Debt Crisis Is Giving Democracy A Bad Name | Joshua Hersh | Posted 09.26.2011 | World

WASHINGTON -- The seemingly endless process of resolving America's debt crisis may be giving America and its democratic form of governance a bad name ...

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...

Paige Lavender

Dem Congressman Shows How New Obama Plan Slashes Social Security | Paige Lavender | Posted 09.20.2011 | Politics

WASHINGTON -- Rep. Peter DeFazio (D-Ore.) took to the House floor Wednesday to decry efforts being made by President Barack Obama and the Gang of Six ...

Bernie Sanders Gets Sarcastic, Rips Gang Of Six Plan

The Huffington Post | Alex Becker | Posted 09.19.2011 | Politics

WASHINGTON -- Senator Bernie Sanders (I-Vt.) has been driven to sarcasm as Congress and the White House continue to move forward with plans to cut Soc...

The Party of Fiscal Irresponsibility

Janine Balekdjian | Posted 09.19.2011 | Politics
Janine Balekdjian

There is an episode of the original series of Star Trek in which the crew of the Enterprise gets swapped into a parallel universe where good people are evil, right is wrong, logic is replaced with ambition, and Spock has a beard. Welcome to the debt ceiling debate.

Tea Party Debt Plan Takes Center Stage

AP | DAVID ESPO | Posted 09.16.2011 | Politics

WASHINGTON — Courting confrontation and compromise alike, House Republicans shrugged off President Barack Obama's threat to veto legislation to ...

The "No Taxes Never!" Cult (VIDEO)

Rick Horowitz | Posted 09.11.2011 | Comedy
Rick Horowitz

No wonder the negotiations collapsed: That's not a position -- it's a religion! ...

Treasury Officials Weighing Options To Avoid Default

Reuters | Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan | Posted 09.05.2011 | Business

By Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan WASHINGTON (Reuters) - A small team of U.S. Treasury officials is discussing opti...

Tyler Kingkade

Bill Clinton's Warning On The Debt Ceiling Debate | Tyler Kingkade | Posted 09.05.2011 | Politics

WASHINGTON -- Former President Bill Clinton said Wednesday that any deficit-cutting deal worked out between Democrats and Republicans shouldn't take e...

Sam Stein

Democrats Consider Offering Medicare Provider Cuts In Exchange For Revenue Increases | Sam Stein | Posted 08.23.2011 | Politics

NEW YORK -- House Majority Leader Eric Cantor's (R-Va.) decision on Thursday to leave ongoing debt ceiling negotiations seemed to bring those talks to...

Budget Gimmicks Threaten To Undermine Debt Talks

AP | ANDREW TAYLOR | Posted 08.22.2011 | Politics

WASHINGTON — Negotiators seeking to carve trillions of dollars from the deficit are facing temptation to use iffy assumptions and outright gimmi...

Debt Talks Make Way For Tough Trade-Offs

Posted 08.17.2011 | Politics

By Andy Sullivan WASHINGTON -- Negotiators trying to tame the United States' spiraling debt said on Thursday that they had tentatively agreed o...

Negotiators Set Deadline For Debt Limit Deal

Posted 08.15.2011 | Politics

By Andy Sullivan and Richard Cowan WASHINGTON - A group of top lawmakers on Wednesday set an ambitious July 1 goal to reach a broad debt-reduct...

Elise Foley

Jeff Sessions Threatens To Block Senate Vacation Over Budget | Elise Foley | Posted 07.23.2011 | Politics

WASHINGTON -- Sen. Jeff Sessions (R-Ala.) said Monday he will attempt to block the Senate from going on its Memorial Day recess next week unless Democ...