Short-term or long-term? That is the question

Short-term or long-term? That is the question

It’s a central question in the debt ceiling debate: How long should the nation’s new borrowing authority last? From the start, President Barack Obama has insisted that Congress must raise the current $14.3 trillion debt limit by $2.4 trillion. That would work out to about a 17-month extension, setting up the next vote safely after […]

Right-wing puts Boehner in a vise

Right-wing puts Boehner in a vise

Neither the House nor the Senate has a clear path forward for must-pass legislation to allow the government to continue to borrow to pay its bills, putting lawmakers and financial markets alike on edge less than a week before the deadline for heading off the nation’s first-ever default. House Speaker John Boehner was forced late […]

Lots of posturing, no movement towards debt deal

Lots of posturing, no movement towards debt deal

Rival Democratic and Republican plans to raise the government’s borrowing ability have thrust Congress into a standoff just one week away from a potentially devastating debt crisis. President Barack Obama made a last ditch call for compromise, but House Speaker John Boehner said negotiations with the White House had been futile. “We can’t allow the […]

Scandal-tinged Congressman calls it quits

Scandal-tinged Congressman calls it quits

Rep. David Wu of Oregon was being pressured to leave Congress sooner rather than later after the House Democratic leader sought an investigation into a young woman’s allegation that she had an unwanted sexual encounter with him. Wu, 56, a seven-term Democrat from Portland whose unusual behavior had been the subject of news stories earlier […]

Boehner walks out on debt limit talks

Boehner walks out on debt limit talks

House Speaker John Boehner abruptly broke off talks with President Barack Obama Friday night on a deal to make major cuts in federal spending and avert a threatened government default, sending already uncertain compromise efforts into instant crisis. Within minutes, an obviously peeved Obama virtually ordered congressional leaders to the White House Saturday morning for […]

House budget plan faces defeat in Senate

House budget plan faces defeat in Senate

The Senate is moving to cast away a budget cutting plan passed by the Republican-controlled House, clearing the way for increasingly urgent government talks over raising the nation’s debt ceiling. President Barack Obama and House Speaker John Boehner searched once more for an ambitious $4 trillion grand bargain, but officials said wide differences remained. Less […]