debt ceiling

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Poll: We Hate Congress More Than Ever

Approval dives below 20%

(Newser) - The debt ceiling mess has pushed Congress' already dismal approval ratings into the abyss, according to the latest New York Times / CBS poll. Some 82% of Americans don't approve of the way Congress is doing its job, the lowest rating since the Times started asking the question in...

Hey, Conservatives: You Want Defense Cuts
 Hey, Conservatives: 
 You Want Defense Cuts 
Fareed Zakaria
Aug 4, 2011 1:35 PM CDT

Hey, Conservatives: You Want Defense Cuts

Fareed Zakaria on the Pentagon's out of control budget

(Newser) - So let’s get this straight: If Congress can’t agree on another $1.5 trillion in budget cuts, half the cuts will automatically come out of defense spending ? “If so, let the guillotine fall,” declares Fareed Zakaria in the Washington Post . This is the kind of...

Jon Stewart Assembles the 'Super Committee' (Daily Show Video)
 Jon Stewart 
 Assembles 
 the Super 
 Committee 
'THE DAILY SHOW'
Aug 4, 2011 9:05 AM CDT

Jon Stewart Assembles the Super Committee

It's 'America's own legion of doofs': Jon Stewart

(Newser) - Imagine Jon Stewart's dismay when he discovered that after months of drama, the debt deal only shaved our deficit from $28.8 trillion to $26.3 trillion at the end of a decade. "That's what this whole f***ing thing was about?" he asked last night . Removing "...

No One Wants To Be on Debt 'Super Committee'

Lawmakers say 'not it' as lobbyists chomp at the bit to influence panel

(Newser) - Legislators aren't exactly jumping to volunteer for the 12-man "super committee" created by the debt ceiling deal, which promises to be a thankless and heavily lobbied job, the LA Times reports. “I'm not that much of a glutton for punishment,” says Jon Kyl. “This...

Panetta: Debt Deal Trigger Puts America in Danger

$1T in Pentagon cuts 'completely unacceptable'

(Newser) - The Pentagon can't tighten its belt any further without putting America in danger, Leon Panetta warns. The defense secretary says major cuts beyond the $350 billion outlined in the debt ceiling deal are "completely unacceptable" and could do "real damage " to national security, the New York ...

It Was Republicans Who Blinked in the Debt Talks

This is actually a decent deal for Obama and Democrats: Yale professor

(Newser) - Conventional wisdom on the left has it that President Obama caved to Tea Party Republicans and gave away too much in the debt ceiling talks. A Yale contracts professor says the opposite is true: "The deal is much nearer an affirmation of the president's core commitments than a...

Wash Down 'Satan Sandwich' With 'Demon Drink'

Emanuel Cleaver breaks down his colorful remark

(Newser) - Emanuel Cleaver made quite a stir the other day when he called the debt ceiling deal a “ sugar-coated Satan sandwich ,” but he’s sticking by the remark—and even elaborating on it. In an interview this morning on Morning Joe, the host playfully asked what was in the...

All Eyes Turn to Deficit Panel, Herculean $1.5T Task

Committee must come up with $1.5T in cuts

(Newser) - The debt deal has been signed, but the work is far from over: Now a special committee must figure out how to cut $1.5 trillion more from the deficit. The bipartisan panel, which will be composed of six Democrats and six Republicans, was created by the measure after President...

Tea Partiers Are Terrorists?
 Tea Partiers 
 Are Terrorists? 
left vs. right
Aug 2, 2011 5:02 PM CDT

Tea Partiers Are Terrorists?

Left vs. right debate includes some charged rhetoric

(Newser) - Today's big left-right debate falls under the Tea-Partiers-are-terrorists meme, and two of the more buzzed-about columns hit the main points:
  • Joe Nocera, New York Times : He blames the debt ceiling mess on the "jihad" waged by Tea Partiers willing to ruin the country. And they're still not
...

Obama: Now It's Time to Work on Jobs

Obama delivers debt ceiling address

(Newser) - Barack Obama gave a Rose Garden address today after the Senate passed its bill boosting the debt ceiling, saying it was just “an important first step,” and that more compromises would have to come out of the committee created by the bill. Obama, who signed the bill into...

Senate Passes Bill to Raise Debt Ceiling, Sends It to President Obama
 Senate 
 Passes 
 Debt Deal 
Aug 2, 2011 11:46 AM CDT

Senate Passes Debt Deal

No surprises as bill goes to Obama for his signature

(Newser) - Just one more step to go now: The Senate passed the debt ceiling bill this afternoon as expected and sent it along to President Obama for his quick signature, reports MSNBC . The legislation, which passed 74-26, allows the ceiling to be raised just ahead of the midnight default deadline. It...

Putin on US: It&#39;s a &#39;Parasite&#39;
 Putin on US: It's a 'Parasite' 
Aug 2, 2011 8:07 AM CDT

Putin on US: It's a 'Parasite'

Debt fight shows why world should move away from dollar, Russian leader says

(Newser) - Vladimir Putin is using Soviet-era terminology to criticize the US over its huge debt load. The Russian prime minister, speaking to a pro-Kremlin youth rally yesterday, called the US a "parasite" and said Russia and other countries should seek a new reserve currency to replace the dollar, reports Reuters...

After Senate Vote, the Slashing Begins

Pentagon and state, local governments will take hits

(Newser) - The national debt is 15 hours away from careening into its ceiling. Luckily, a vote on the debt deal is only three hours away from hitting the Senate, and the AP reports that the legislation is "virtually assured" to pass. President Obama has promised to sign it into law,...

Nate Silver: Obama Got a Crappy Debt Deal



 Obama Could 
 Have Gotten 
 a Better Deal 
Nate Silver
Aug 2, 2011 7:35 AM CDT

Obama Could Have Gotten a Better Deal

Nate Silver says the vote tally shows the Republicans cleaned up

(Newser) - The debt ceiling deal President Obama struck with Republicans passed the House by a wide margin, which leads Nate Silver to one conclusion: Obama gave up too much. “Mr. Obama could have shifted the deal tangibly toward the left and still gotten a bill through without too much of...

Stewart Pummels Obama's 'Turd' Deal

Obama rolled over, but Tea Party won't take the win, host complains

(Newser) - Jon Stewart arrived back to from a trip to Afghanistan to find a "Ramadan miracle:" a deal on the debt ceiling. The Daily Show host, however, made it clear that he doesn't think much of President Obama's negotiating skills—or the people he was negotiating with....

Biden Denies Likening Tea Partiers to Terrorists

GOP slams VP's alleged remarks

(Newser) - Joe Biden is denying reports that he accused Tea Party Republicans of "acting like terrorists" in the fight over raising the debt ceiling. According to Politico , when Rep. Mike Doyle told a closed-door caucus meeting that "we have negotiated with terrorists" Biden agreed, saying "they have acted...

Among Debt Bill's 'Aye' Votes: Giffords

Arizona congresswoman returns to DC for historic debt ceiling vote

(Newser) - Among House Democrats who crossed the aisle to vote in favor of tonight's debt ceiling bill was one for whom those steps were unthinkable just months ago: Rep. Gabrielle Giffords made her return to Washington today to vote in favor of the measure, reports Politico. “Gabrielle has returned...

Debt Deal Clears the House
 Debt Deal 
 Clears the House 
269-161
Aug 1, 2011 6:10 PM CDT

Debt Deal Clears the House

Measure clears, will head to Senate tomorrow

(Newser) - John Boehner's House of Representatives tonight voted convincingly in favor of the hard-fought, eleventh-hour deal on the debt ceiling, reports the Wall Street Journal , in a 269-161 vote. Democrats split 95 to 95 over the measure, while hardline conservatives made their objections known, with 66 Republicans voting nay. But...

Stock Market Dips Despite Deal to Raise Debt Ceiling
 Stocks Plummet 
 Despite Debt Deal 
UPDATED
Aug 1, 2011 11:34 AM CDT

Stocks Plummet Despite Debt Deal

Weak manufacturing report causes Dow to tumble

(Newser) - The debt deal rally lasted all of 30 minutes. After gaining 139 points minutes after the market opened today, the Dow Jones industrial average fell sharply after a key manufacturing index tumbled in July. As of 12:30pm ET, the Dow was down 118 points, to 12,025, while the...

So What's in the Debt Deal? Ezra Klein Explains
 So What's in the Debt Deal? 
explaining the 'trigger'
Aug 1, 2011 10:51 AM CDT

So What's in the Debt Deal?

$1T in cuts now with more later—and a 'trigger' to ensure a second deal

(Newser) - No revenues, big budget cuts—what exactly is in the debt-ceiling deal? Ezra Klein sums it up in the Washington Post : $1 trillion in immediate cuts with at least $1.5 trillion more to come; a vote on a balanced budget amendment; and an immediate $900 billion increase to the...

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