Politico's reporting that unnamed GOP leaders say the Boehner plan will be their last act on raising the debt ceiling. Quite a bluff, if that's what it is. I think a Boehner/Reid hybrid will end up passing, but I still say a last-minute clean bill is possible, too. We'll see. Here's today's Morning EDition:TODAYHouse tonight expected to vote on Speaker Boehner's (R-OH) budget cuts.
DEBT CEILING / BUDGET read more
Rep. Donna Edwards (D-MD) Katrina Vanden Heuvel, Editor and Publisher of The Nation Boehner is working hard to round up enough votes to pass his plan "To Hold President Obama Accountable" (yes, that's really the name)-- dealing with the ideological rifts within his own party. While he told his caucus that the Senate would go along with the plan, Senate Democrats and Independents are sending a firm message that they will NOT support the bill, scheduled to be voted on tomorrow. Time is wasting and this dangerous game of politics is already taking a toll on the stock market. read more
The dog days of summer are quieting things down a bit, finally -- on the non-debt ceiling stuff. Of that, however, there is plenty. Here's today's Morning EDition:TODAYTwo House committees hold hearings on homegrown terrorism. Unless it's by white Christians.BUDGETThe Treasury might have an extra week's worth of cash on hand. Pres. Obama's call for contacting Congress worked. Just ask Rep. Allen West (R-FL). And it ain't over yet.Wall St. created a monster it can't control. Yet, anyway.The Wall St. Journal is also sad about the monster.But maybe Wall St. read more
Rep. John Garamendi (D- CA)Leo Gerard, United Steel Workers International President Last night President Obama asked Americans to speak up in the ongoing and perpetually deadlocked debate over the debt ceiling. And they rallied to voice their concerns. House switchboards have been swamped and servers have crashed with the high volume of constituent response. Did you reach out to your Member of Congress? With only seven days left until default we're talking about the ongoing debate and the aftermath of last night's speeches by President Obama and Speaker of the House John Boehner. read more