House approves ‘clean’ debt limit extension

It came after House Republicans repudiated House Speaker John Boehner's latest plan.

House approves ‘clean’ debt limit extension

The House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved into President Barack Obama’s demands to allow a debt limit increase without any conditions. The 221-201 vote, carried mainly by Democrats, marked a dramatic shift from the confrontational fiscal tactics House Republicans have used over the past […]

Republicans, of course, unimpressed with Obama’s speech

From Boehner down, there was little evidence they intended to move Obama's way.

Republicans, of course, unimpressed with Obama’s speech

At the dawn of an election year, congressional Republicans responded quickly and forcefully to President Barack Obama’s nationally televised vow to act on his own if lawmakers won’t cooperate on “creating new jobs, not creating new crises” in a nation with a yawning income gap. “The president must understand his power is limited by our […]

Business leaders have had it with the GOP

Business leaders have had it with the GOP

Having failed to persuade their traditional Republican allies in Congress to avert a government shutdown, business leaders fear bigger problems ahead, and they’re taking sides with a Democratic president whose health care and regulatory agenda they have vigorously opposed. President Barack Obama is embracing the business outreach, eager to employ groups like the U.S. Chamber […]

Fannie, Freddie shutdown?

Fannie, Freddie shutdown?

Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis. Borrowers would probably end up paying slightly higher mortgage rates under House and Senate bills that would phase […]

GOP ‘Pledge’ driven by polls, not philosophy

GOP ‘Pledge’ driven by polls, not philosophy

Billed as a Pledge to America, the House Republican campaign manifesto is as much political straddle as conservative call to action, long on poll-tested goals, short on controversial specifics and designed to reassure independent voters who abandoned the party in the last two elections. “It’s not intended to be a party platform. It’s not intended […]