Hopes for a deal to end debt, budget crisis stall on Capitol Hill

Hopes for a deal to end debt, budget crisis stall on Capitol Hill

Hopes for a resolution of Washington’s fiscal crisis in the next day or two faded on Capitol Hill on Saturday, as President Barack Obama’s efforts to reach a deal with Republicans in the House of Representatives sputtered. The focus has now shifted to Senate Republicans’ ideas for reopening the government and raising the government’s borrowing […]

Republicans see no problem with government defaulting on debt

Republicans see no problem with government defaulting on debt

The Obama administration says a U.S. default would be “catastrophic.” Economists say it could plunge the country into recession and prompt a global financial meltdown. To many Republicans, however, the prospect of the world’s lone superpower juggling its bills doesn’t seem so bad. The government could muddle through without a debt-ceiling increase as long as […]

The Republican Party’s serious discipline problem

The Republican Party’s serious discipline problem

As the government shutdown grinds on, the Republican leadership in the House is struggling to unite GOP lawmakers around a fiscal deal that Senate Democrats and the Obama administration would be willing to accept. Speaker John Boehner has reportedly said that he is willing to rely on Democratic votes if necessary to pass an increase […]

Obama to meet with Congressional leaders

Obama to meet with Congressional leaders

President Barack Obama scrapped part of a long-planned trip to Asia and planned to meet with congressional leaders on Wednesday as a U.S. government shutdown entered a second day with no end in sight. The impasse has raised questions about Washington’s ability to carry out its most essential duties. Though a short-term shutdown would do […]

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