Capitol Hillbillies

As talks between Obama and House stall, Senate works on a plan

As talks between Obama and House stall, Senate works on a plan

With talks having stalled between the White House and House Republicans, a bipartisan group in the Senate is polishing a measure that would reopen the government and prevent a first-ever default on the country’s bills. The negotiations in the Senate come as the chamber meets in a rare Saturday session to vote on a Democratic […]

House GOP offers new plan to reopen government, avoid default

House GOP offers new plan to reopen government, avoid default

House Republicans are offering to pass legislation to avert a default and end the 11-day partial government shutdown as part of a framework that would include cuts in benefit programs, officials said Friday. Republicans also seek changes in the three-year-old health care law known as Obamacare as part of an end to an impasse that […]

Efforts to avoid default on debt torpedoed by Senate Democrats

Efforts to avoid default on debt torpedoed by Senate Democrats

Urgent efforts to prevent an economy-tanking U.S. default rose and then retreated with astonishing speed Thursday, as House Republicans floated a compromise and the White House appeared amenable, only for Senate Democrats to declare it unacceptable. “Not going to happen,” declared Majority Leader Harry Reid, standing outside the White House after he and fellow Democrats […]

Boehner offers six week extension on debt limit, but…

Boehner offers six week extension on debt limit, but…

Facing a fresh deadline, House Speaker John Boehner said Thursday that Republicans would vote to extend the government’s ability to borrow money for six weeks — but only if President Barack Obama first agrees to fresh negotiations on spending cuts. Under the Republican plan, the partial government shutdown would continue. Obama has insisted the debt […]

Poll shows Americans blame Republicans for government shutdown

Poll shows Americans blame Republicans for government shutdown

Americans are holding Republicans primarily responsible for the partial government shutdown as public esteem sinks for all players in the impasse, President Barack Obama among them, according to a new poll. It’s a struggle with no heroes. The Associated Press-GfK survey, out Wednesday, affirms expectations by many in Washington — Republicans among them — that […]

Senate Dems to try and pass increase in debt ceiling

Senate Dems to try and pass increase in debt ceiling

Democrats controlling the Senate are planning to try to pass a stand-alone measure to increase the government’s borrowing cap, challenging Republicans to a filibuster showdown that could unnerve financial markets as the deadline to a first-ever default on U.S. obligations draws closer. A spokesman said Senate Majority Leader Harry Reid could unveil the measure as […]

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 […]

Budget fight a crash course on how Congress fails to function

Budget fight a crash course on how Congress fails to function

If majorities in both the House and Senate would vote to reopen the government with no strings attached, or vote to repeal the new health care law’s sales tax on heart pacemakers and MRI machines, then why isn’t that happening? The rancorous budget fight offers a crash course in the arcane ways and language of […]

Short-term debt limit hike under consideration by Senate Democrats

Short-term debt limit hike under consideration by Senate Democrats

Senate Democrats are drafting legislation to raise the nation’s debt limit without the type of unrelated conditions that Republicans have said they intend to demand, officials said Monday, as the White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default. The details of the emerging measure were […]

Divided Congress enters crucial week in budget, debt fight

Divided Congress enters crucial week in budget, debt fight

As the U.S. government moved into the second week of a shutdown on Monday with no end in sight, a deadlocked U.S. Congress also confronted an October 17 deadline to increase the nation’s borrowing power or risk default. The last big confrontation over the debt ceiling, in August, 2011, ended with an eleventh-hour agreement under […]