July 26, 2011 For months, the world has been focused on the Aug. 2 deadline for the U.S. to have a new and higher debt ceiling in place to stave off Defaultmageddon.The U.S. Treasury, however, could actually have a few more days before hitting the wall, thanks to higher-than-forecast tax revenues.
July 25, 2011 As political rhetoric, the speeches likely connected with the audiences they were intended for. But they likely did very little to change matters at the negotiating table for the better.
July 25, 2011 In case you were wondering if and when President Obama would make a prime time speech from the White House to argue his case on the debt ceiling, wonder no more. The White House announced the president is scheduled to speak to the nation at 9 pm eastern time Monday from the East Room.
July 25, 2011 Most trims to Medicare's budget have not directly affected care for beneficiaries. Instead cuts in Medicare spending have been directed at hospitals, doctors and nursing homes.
July 25, 2011 The deadline is eight days away now, and there's real concern there may not be enough time for either proposal — or a compromise version of the two — to get enacted by Congress.
July 25, 2011 Setting aside all the details, important as they are, about raising revenues and cutting spending, the crux of the fight is now clearly more about when to have the next debt-ceiling battle after the one now playing out before our eyes than anything else.
July 21, 2011 We turned to NPR's Capitol Hill correspondents, David Welna in the Senate and Andrea Seabrook in the House, to get their perspective on everything from timing to President Obama's spending limit options if the stalemate continues.
July 21, 2011 Democrats don't usually go around citing Grover Norquist but these aren't normal times.It's all because Norquist, the conservative activist who has essentially maintained anti-tax discipline among elected Republicans by having them sign a pledge, told Washington Post journalists that allowing the Bush-era tax cuts to lapse wouldn't be viewed by him as breaking their vow.
July 21, 2011 In what may be the pithiest explanation of debt-ceiling politics ever rendered in a popular TV series (and I'm guessing probably the only one) The West Wing really nailed it.
July 21, 2011 Here's where we seem to be. There's apparently not enough time to do a long-term deal that raises the debt-ceiling beyond Election Day 2012 and achieves significant deficit reduction and not enough agreement on how to kick the proverbial can down the road.If all of this makes you want to throw up your hands and ask to be awakened from this nightmare, you're not alone.
July 21, 2011 With the clock ticking, negotiations continue. But reviews are mixed on the "Gang of Six" plan that many have been hoping would break the deadlock.
July 20, 2011 A listener who called in to the NPR's Diane Rehm Show recommended that all politicians in the nation's capital read George Washington's Farewell Address. It turns out there's a paragraph that seems particularly apt to during the current debt-ceiling crisis.
July 20, 2011 If White House and congressional negotiators were to reach a deal to extend the debt limit past the 2012 elections and to significantly reduce deficits, the president would be willing to budge, White House press secretary Jay Carney said.
July 20, 2011 The tide of voter sentiment continues to shift toward Washington policymakers seeking a debt-ceiling compromise and away from the so far seemingly inflexible position of House Republicans. A new Washington Post-ABC News poll adds to the sense that voters, who once seemed to not want the U.S. debt ceiling raised, have changed their minds in recent days
July 19, 2011 After weeks of more poll respondents saying they opposed increasing the federal debt limit compared with those who favored the action, a new Wall Street Journal/NBC News poll found more people now supporting the fiscal move than opposing it.