Debt deal really doesn’t reduce deficit all that much

Debt deal really doesn’t reduce deficit all that much

The compromise debt limit deal may have resolved this year’s most clamorous political battle between President Barack Obama and Congress, but it takes only a modest swipe at the heart of the matter: the government’s relentlessly huge budget deficits. The legislation, due a Senate vote Tuesday following Monday’s House passage, would save at least $2.1 […]

Debt deal brings anger, disgust from right & left

Debt deal brings anger, disgust from right & left

From the right and center: mild disgust. From the left: outright anger. Americans showed a range of emotions and responses to the debt-limit deal President Barack Obama and top leaders of Congress struck Sunday, but few were positive. Except perhaps relief that the weeks of wrangling was finally over. Phil Waters of Anchorage, Alaska, gave […]

America, we have a debt-limit deal

America, we have a debt-limit deal

Congress is moving quickly on an agreement to avert a potentially devastating default on U.S. obligations, with legislation that mixes a record increase in the government’s borrowing cap with the promise of more than $2 trillion in spending cuts. After a tense weekend of bargaining, President Barack Obama and congressional leaders announced the agreement Sunday […]

Voters played key role in debt-limit deal

Voters played key role in debt-limit deal

Dear voter: Want to know why Democrats and Republicans in Congress find it so hard to work together to solve tough problems like the debt ceiling, health care and Social Security? Look in the mirror. Americans gripe about cowardly, self-serving politicians, and Congress doubtlessly has its feckless moments and members. But voters are quick to […]

Jim DeMint relishes tea party role

Jim DeMint relishes tea party role

He calls himself Sen. Tea Party. That almost says it all about Sen. Jim DeMint’s role on the nation’s political scene in these nervous days of debt limit warfare and pre-election posturing. But unlike the fractious movement as a whole, DeMint is specific and focused on what change, exactly, he wants: passage — not just […]

Progress towards a real deal on debt limit?

Progress towards a real deal on debt limit?

White House officials and congressional Republicans are reaching toward a potential end to their bitter debt limit showdown, raising hopes that a deal could be in place by Tuesday to avert a possible federal default. After weeks of strident partisan conflict, the two sides were discussing an accord that would raise the government’s borrowing authority […]

Tea party extremism; buyer’s remorse

Tea party extremism; buyer’s remorse

House Republicans rode the tea party tiger to power last fall. Now it’s turning on them, forcing party leaders to endure embarrassing delays and unwanted revisions to crucial debt-ceiling legislation. This tiger did not change it stripes. When tea partyers emerged as a political phenomenon in 2009, they vowed to stand on principle and change […]

The debt-limit debacle continues: Tick, tick, tick…

The debt-limit debacle continues: Tick, tick, tick…

The GOP-controlled House and the Democratic Senate remain at loggerheads over debt legislation required to avoid a first-ever default on U.S. financial obligations as lawmakers and the White House head into a pressure-packed weekend in search of compromise. A week of extraordinary partisanship was capped by a power play by Senate Democrats, who killed a […]

The debt-limit fiasco: Boehner versus Obama

The debt-limit fiasco: Boehner versus Obama

The fight over the debt ceiling has turned into a dramatic leadership test for President Barack Obama and House Speaker John Boehner, opponents in a divided government who’ve gone from negotiating in secret to facing off in public at a watershed moment for the country and their own political careers. As the standoff enters its […]