11 Updates
With debt deal done, US shutdown set to end
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With debt deal done, US shutdown set to end

Oct 16 2013, 11:38pm CDT | by IANS

Washington, Oct 17 (IANS) In a major victory for President Barack Obama, the the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that had put America at risk of its first ever debt default.

Washington, Oct 17 — In a major victory for President Barack Obama, the the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that had put America at...

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40 weeks ago

With debt deal done, US shutdown set to end

Oct 16 2013, 11:38pm CDT | by IANS

Washington, Oct 17 (IANS) In a major victory for President Barack Obama, the the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that had put America at risk of its first ever debt default.

Washington, Oct 17 — In a major victory for President Barack Obama, the the US Congress voted to reopen the government and raise the debt ceiling ending a 16-day stand off that had put America at risk of its first ever debt default.

The Republicans, who had engaged in a bitter budget battle to derail Obama's healthcare law nicknamed Obamacare conceded defeat as the Oct 17 debt ceiling deadline approached when the Treasury had warned US would run out of cash to pay its bills.

The eleventh hour deal with only minor concessions from Democrats hammered out earlier by Democratic Senate Majority Leader Harry Reid his Republican counterpart Mitch McConnell received broad bipartisan support in both chambers.

The vote was 81-18 in the Democratic led Senate with only 18 of the 45 Republicans opposing it and 285- 144 in the Republican controlled House. As many as 87 Republicans joined all 198 Democrats in supporting the measure.

Shortly after the Senate vote Wednesday night, Obama said once the House passes the deal, "I will sign it immediately. We'll begin reopening our government immediately."

"There's a lot of work ahead of us, including our need to earn back the trust of the American people that's been lost over the last few weeks," he said. "And we can begin to do that by addressing the real issues that they care about."

As the bill headed for the President's desk, the White House asked federal workers to be ready to return to work Thursday morning.

"Now that the bill has passed the United States Senate and the House of Representatives, the President plans to sign it tonight and employees should expect to return to work in the morning," director of the office of management and budget, Sylvia Mathews Burwell, said.

The deal funds the government through Jan 15, raises the debt limit until Feb 7 and includes a provision in the deal that strengthens verification measures for people getting subsidies under Obamacare, the only concession that the Republicans were able to wrest.

It also sets a mid December deadline for completing budget negotiations between the House and the Senate for a long-term spending plan.

Democrat Senate Budget Committee Chairwoman Patty Murray and House Republican Budget Committee Chairman Paul Ryan plan to have a breakfast meeting Thursday to start the ball rolling on budget negotiations.

The deal also gives the Treasury Department the ability to borrow beyond the debt ceiling.

"Because of today's efforts, we will continue to honour all of our commitments - a core American value - and preserve the full faith and credit of the United States," Treasury Secretary Jack Lew said in a statement Wednesday night.

Welcoming the "important and necessary step" taken by the US Congress, IMF Managing Director Christine Lagarde said: "Looking forward, it will be essential to reduce uncertainty surrounding the conduct of fiscal policy by raising the debt limit in a more durable manner.

"We also continue to encourage the US to approve a budget for 2014 and replace the sequester with gradually phased-in measures that would not harm the recovery, and to adopt a balanced and comprehensive medium-term fiscal plan," she said.

(Arun Kumar can be contacted at arun.kumar@ians.in)

IANS

Source: IANS

 
Update
11

9 hours ago

Boehner Won't Get Help Passing House GOP Border Bill, Top Dem Says

Jul 23 2014 3:22pm CDT | Source: Politics - The Huffington Post

President Obama Visits Austin
WASHINGTON -- Moments after House Republicans unveiled the outlines of a bill on Wednesday to deal with the influx of unaccompanied minors on the nation's southern border, Democrats signaled they would oppose the measure nearly en masse. Speaking to reporters from his office on Capitol Hill, House Minority Whip Steny Hoyer (D-Md.) said that Speaker John Boehner (R-Ohio) should not expect many Democratic votes for his measure, which would spend about $1.5 billion ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
10

12 hours ago

Marsha Blackburn: Illegal Alien Children 'Pawns' in Obama's 'Political Agenda'

Jul 23 2014 12:46pm CDT | Source: Big Government

SiriusXM Presents: "Women In Congress: Political Profiles" Hosted By Julie Mason With Rep. Marsha Blackburn (R-TN) And Rep. Carolyn Maloney (D-NY)
On the border crisis, Rep. Marsha Blackburn (R-TN) is leading the Ted Cruz brigade in the House. The six-term lawmaker has introduced the House companion to Cruz's bill seeking to block President Barack Obama from implementing more executive amnesty via programs like the Deferred Action for Childhood Arrivals (DACA) plan. “What we are trying to do is freeze any funding that would be going to this—this is wh ...
Source: Big Government   Full article at: Big Government
 

 
Update
9

13 hours ago

Senate Advances Bill To End Tax Breaks For Companies That Outsource

Jul 23 2014 11:33am CDT | Source: Politics - The Huffington Post

Senate Democrats Address Media After Their Failed Vote To Address Hobby Lobby Decision
WASHINGTON (AP) — The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain. The Senate voted 93-7 to begin debating the bill, which would prevent companies from deducting expenses related to moving operations to a foreign country. The bill would offer tax credits to companies that move operations to the U.S. from a foreign country. Senate Democratic leaders say the bill would ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
8

15 hours ago

Now They've Gone Too Far. Time for Harry Reid to Blow Up the Filibuster and Confirm All Nominees Now

Jul 23 2014 9:58am CDT | Source: Politics - The Huffington Post

Senate Democrats Address Media After Their Failed Vote To Address Hobby Lobby Decision
Now they've gone too far. Two Republican judges (on a three-judge panel) just issued a decision that would gut Obamacare by denying subsidies to anyone currently receiving them through a federally run (as opposed to state run) exchange. The decision is, in terms of actual jurisprudence, a farce that relies on "a glorified typo," as this analysis makes clear. The time for us to recognize that the Republicans have completely politicized the courts has long pas ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
7

1 day ago

In the Loop: Congress can’t work in August — it’s against the law. We’re not joking.

Jul 22 2014 7:18pm CDT | Source: Post Politics: - The Washington Post

Senate Democrats Address Media After Their Failed Vote To Address Hobby Lobby Decision
Senate Majority Leader Harry Reid (D-Nev.) cast doubt Monday on whether Congress would have time to pass an overhaul of the Department of Veterans Affairs and deal with the border crisis before the Aug. 1 congressional summer recess, our colleague Ed O’Keefe reported. Read full articl ...
Source: Post Politics: - The Washington Post   Full article at: Post Politics: - The Washington Post
 

 
Update
5

1 day ago

In the Loop: Congress on working in August: It’s against the law!

Jul 22 2014 1:51pm CDT | Source: Post Politics: - The Washington Post

Senate Democrats Address Media After Their Failed Vote To Address Hobby Lobby Decision
Senate Majority Leader Harry Reid (D-Nev.) cast doubt Monday on whether Congress would have time to pass an overhaul of  the Veterans Affairs Department and deal with the border crisis before the August 1 congressional summer recess, our colleague Ed O ...
Source: Post Politics: - The Washington Post   Full article at: Post Politics: - The Washington Post
 

 
Update
4

1 day ago

John Boehner: Obama, Democrats 'Jeopardizing Our Ability' To Resolve Border Crisis

Jul 22 2014 10:36am CDT | Source: Politics - The Huffington Post

Hal Luftig Caricature Unveiling
WASHINGTON -- Should Congress fail to approve funding to deal with the border crisis before the legislative recess in August, it will be President Barack Obama's fault, House Speaker John Boehner (R-Ohio) said Tuesday. In a statement, Boehner said that a working group of House Republicans has completed its recommendations and will present them to the rest of the GOP conference on Wednesday. But he cautioned that nothing will happen "i ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
3

1 day ago

Amid Gridlocked Congress, Harry Reid Accuses GOP Of 'Ransoming Children To Get Their Way'

Jul 22 2014 8:29am CDT | Source: Politics - The Huffington Post

Senate Democrats Address Media After Their Failed Vote To Address Hobby Lobby Decision
WASHINGTON (AP) — A gridlocked Congress failed to do the big things: overhauling the nation's immigration system, reforming the loophole-cluttered tax code and stiffening background checks on gun buyers. Now it's time to see whether it can just do the basics. With just two weeks before lawmakers' sacrosanct August break, progress is decidedly mixed on several must-pass items due to Capitol Hill partisanship, heightened by midterm elections and the Obama admin ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
2

2 days ago

Jeb Hensarling Raps Boeing, Trade Group For Supporting Ex-Im Bank

Jul 21 2014 4:50pm CDT | Source: Politics - The Huffington Post

Business Groups Discuss Immigration Reform
WASHINGTON, July 21 (Reuters) - A Republican House committee chairman scolded Boeing Co and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for "special privilege." Representative Jeb Hensarling wrote a scathing letter to Jay Timmons, president of the National Association of Manufacturers, ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 
Update
1

3 days ago

Ted Cruz blasts Obama for 'holding illegals ransom'

Jul 20 2014 8:53pm CDT | Source: WND

Ted Cruz Addresses Conservative Policy Summit
(BIZPAC REVIEW) Sen. Ted Cruz lambasted President Obama and Senate Majority Leader Harry Reid on Sunday for “engaging in debate divorced from the facts” and for “holding these kids ransom” by refusing to address the cause of the flood of illegal immigrants across America’s southern border. And that cause is the implied promise of amnesty for illegals Obama made in 2012 to pander to Hispanic voters. Speaking on “Fox News Sunday,” Cruz, R-Te ...
Source: WND  Full article at: WND
 

 

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