Obama’s debt-deal signature averts default

Obama’s debt-deal signature averts default

The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline. The vote was 74-26. Obama signed the bill little more than an hour later. Tuesday’s vote capped an extraordinarily difficult Washington battle pitting tea party Republican forces […]

FAA standoff costs could exceed $1 billion

FAA standoff costs could exceed $1 billion

The congressional standoff that has partially shut down the Federal Aviation Administration has some curious math. Lawmakers risk losing more than $1 billion in revenue from uncollected airline ticket taxes in a quarrel between Senate Democrats and House Republicans who are demanding a $16.5 million cut in rural air service subsidies. The shutdown is less […]

Giffords adds to debt-limit drama

Giffords adds to debt-limit drama

The total number of votes on the historic debt-limit bill was 430. One vote was more memorable than any of the others. Seven months after she was shot in the head, Rep. Gabrielle Giffords returned to the House on Monday to cast her vote. Thunderous applause and emotional hugs from her Republican and Democratic colleagues […]

Right-wing issues warning on debt deal

Right-wing issues warning on debt deal

Conservatives are warning of lasting political consequences as the Republican presidential field offers conflicting positions on the debt-ceiling compromise. Some activists likened the political impact of the high-stakes fight over the nation’s borrowing limit to the debate preceding the invasion of Iraq. And interest groups promised that each presidential contender’s position would be remembered, particularly […]

Senate up next to pass debt-limit extension

Senate up next to pass debt-limit extension

With just hours left before the national debt bumps against its ceiling, emergency bipartisan legislation to allow the government to borrow more faces one final test in the Senate. Expected passage there sends the bill to President Barack Obama, averting a potentially disastrous, first-ever government default and making a down payment toward taming out-of-control budget […]

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 […]