July 14, 2011 The split between Obama and Republicans is nothing compared to the gap between GOP leaders and their Tea Party fueled rank and file. Top congressional leaders appear to have essentially painted themselves into a corner between Obama on one side and the just-say-no bloc of House Republicans on the other.
July 14, 2011 While there's some disagreement over exactly what happened, those who were there say that President Obama did leave Wednesday's discussions after a pointed exchange with House Majority Leader Eric Cantor (R-VA). But leaders meet again later today.
July 13, 2011 Rep. Louis Gohmert, a Texas Republican, suggested Wednesday that he'd like President Obama to be more like President Franklin D. Roosevelt.No, he wasn't talking about wanting Obama to massively expand the federal government or engage in more Keynesian pump-priming. Rather Gohmert wanted Obama to channel the spirit of FDR's first inaugural where Roosevelt urged Americans against fear.
July 13, 2011 It may say more about the state of economic education than anything else but a majority of Americans remain opposed raising the federal debt ceiling according to a new G allup poll. And that's despite dire warnings by experts that a default by the U.S. government could be calamitous. It would likely cause higher interest rates not just for the federal government but throughout the economy.
July 12, 2011 In a proposal that appears to be mostly about finding a way to raise the debt ceiling while protecting his fellow congressional Republicans from having to vote to do so, Sen. Mitch McConnell has suggested that Congress could effectively give President Obama the power to raise the debt ceiling.
July 11, 2011 In the first hour of Talk of the Nation, the politics of the debt ceiling, and the final edition of the British tabloid News of the World. In the second hour, the future of South Sudan, and the future of synthetic organs.
July 5, 2011 With the July 4 holiday behind us, it's now 27 days until D-day, with the "D" standing for default, which the Obama Administration assures us the federal government will do on its debts unless Congress increases the nation's $14.3 debt ceiling before then.Where do things stand? Pretty much where they did before the holiday.
July 1, 2011 Maybe all the fuss about the debt-ceiling being raised (or not) is beside the point if, as some observers are increasingly saying, the law that created the debt limit was unconstitutional to start with.
July 1, 2011 While Aug. 2 is said to be the day after which the government won't be able to pay its bills anymore, officials say they need a couple weeks to turn a deal into legislation.
June 30, 2011 It won't take the traditional break after Independence Day, Majority Leader Harry Reid (D-NV) has announced. The House was already scheduled to be at work.
June 28, 2011 Talks to raise the federal debt-limit have apparently made little progress since President Obama stepped in Monday to meet with Senate leaders.But in Washington, these types of high-stakes negotiations tend to go to the 11th hour and it appears these talks will be little different.
June 24, 2011 The White House press office announced that President Obama and Vice President Biden will talk with Senate leaders Harry Reid and Mitch McConnell next week in a bid to restart stalled debt-ceiling talks.
June 23, 2011 The deadly serious game of fiscal chicken being played by Democratic and Republican policymakers in Washington took a troubling turn with the news that Rep. Eric Cantor (R-Va.), the House majority leader, was boycotting Thursday's negotiations to raise the debt limit before the Aug. 2 deadline.