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Keyword: debtceiling

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  • Get Rid Of Debt Ceiling? Not So Fast, Spending Controls Have To Be in Place

    09/11/2017 11:01:00 AM PDT · by SeekAndFind · 9 replies
    IBD ^ | 09/10/2017
    In his surprise deal with the Democrats to raise the debt ceiling last week, President Trump went one step further: He proposed getting rid of the debt ceiling entirely. It's not a bad idea, but only if you control future spending. "The president encouraged congressional leaders to find a more permanent solution to the debt ceiling so the vote is not so frequently politicized," said White House Press Secretary Sarah Huckabee Sanders. Her comments came as the Senate voted 80 to 17 to approve the deal that would raise the debt ceiling and keep the government running until Dec. 8,...
  • Upset about Trump’s debt-ceiling deal? Republicans, you brought this on yourselves

    09/10/2017 10:52:48 AM PDT · by entropy12 · 34 replies
    wash times ^ | 09-09-17 | cheryl chumley
    Since Trump’s taken over the White House, Republicans have fought tooth and nail to keep the Democratic agenda alive. Witness: Obamacare. Where’s the repeal? Oh yes, that’s right. There is no repeal. So goes the fight with the border wall — nothing, nada, except headlines like this one, from Politico in July: “House Republicans seek to dodge border wall vote.”
  • After Siding With Dems, Trump Responds to GOP Criticism With a Reminder

    09/08/2017 12:54:44 PM PDT · by Kaslin · 173 replies
    Townhall.com ^ | September 8, 2017 | Courtney O'Brian
    Republicans on Capitol Hill are surprised and "confounded" that the leader of their party, President Trump, sided with top Democrats in the debt ceiling debate this week, hiking it for three months. He even earned a bit of rare praise from Senate Minority Leader Chuck Schumer.Then, Trump twisted the knife even further by taking the advice of House Minority Leader Nancy Pelosi in regards to DACA. At her urging, the president tweeted out a rather compassionate message for illegal immigrants who currently benefit from the program. They don't have to worry during the six-month delay, Trump told them.What gives, the...
  • Trump, Schumer agree to pursue plan to repeal the debt ceiling

    09/07/2017 10:42:02 AM PDT · by Mariner · 95 replies
    The Washington Post ^ | September 7th, 2017 | By Damian Paletta and Ashley Parker
    President Trump and Senate Minority Leader Charles E. Schumer (D-N.Y.) have agreed to pursue a deal that would permanently remove the requirement that Congress repeatedly raise the debt ceiling, three people familiar with the decision said. Trump and Schumer discussed the idea Wednesday during an Oval Office meeting. The two, along with House Minority Leader Nancy Pelosi (D–Calif.), agreed to work together over the next several months to try to finalize a plan, which would need to be approved by Congress. One of the people familiar described it as a “gentlemen’s agreement.” Senate Democrats hope they will be able to...
  • Dems say Trump agrees to short-term funding, debt package [Schumer & Pelosi's plan]

    09/06/2017 10:16:50 AM PDT · by GIdget2004 · 47 replies
    The Hill ^ | 09/06/2017 | Jordain Carney
    Top congressional Democrats said after a closed-door meeting at the White House on Wednesday that President Trump has agreed to fund the government and raise the debt ceiling through December 15 — despite a statement from Speaker Paul Ryan (R-Wis.) earlier in the day calling the idea "ridiculous." "In the meeting, the President and Congressional leadership agreed to pass aid for Harvey, an extension of the debt limit, and a continuing resolution both to December 15, all together," Senate Minority Leader Charles Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) said in a joint statement. The announcement comes after...
  • Treasury chief says 'debt ceiling will be raised'

    08/25/2017 12:37:52 PM PDT · by Oldeconomybuyer · 33 replies
    Reuters ^ | August 25, 2017 | Staff
    U.S. Treasury Secretary Steven Mnuchin said on Friday the nation’s debt ceiling will be raised in September and that after talks with congressional leaders from both parties everyone is “on the same page.” “My strong preference is that we have a clean debt ceiling (increase), but the most important issue is the debt ceiling will be raised in September,” Mnuchin told reporters at the White House, indicating an interest in legislation that did not stray into unrelated territory. “I have had discussions with the leaders in both parties in the House and Senate and we are all on the same...
  • Trump: Don’t Blame Me If We Hit The Debt Ceiling, Blame McConnell And Ryan

    08/24/2017 10:10:04 AM PDT · by SeekAndFind · 22 replies
    Hotair ^ | 08/23/2017 | AllahPundit
    I requested that Mitch M & Paul R tie the Debt Ceiling legislation into the popular V.A. Bill (which just passed) for easy approval. They…— Donald J. Trump (@realDonaldTrump) August 24, 2017 …didn't do it so now we have a big deal with Dems holding them up (as usual) on Debt Ceiling approval. Could have been so easy-now a mess!— Donald J. Trump (@realDonaldTrump) August 24, 2017 Answer: Half-true! According to a Wall Street Journal story from mid-July, the White House was indeed looking to stitch a debt-ceiling hike onto the popular, must-pass VA reform bill as a way of...
  • Trump says U.S. debt ceiling 'mess' could have been avoided

    08/24/2017 8:08:02 AM PDT · by mandaladon · 9 replies
    Reuters ^ | 24 Aug 2017
    WASHINGTON (Reuters) - President Donald Trump said on Thursday congressional leaders could have avoided a legislative "mess" if they had heeded his advice on raising the U.S. debt ceiling, renewing criticism of fellow Republicans whose support he needs to advance his policy agenda. Trump said he had advised Senate Majority Leader Mitch McConnell and House of Representatives Speaker Paul Ryan to link passage of legislation raising the debt ceiling to a measure on veterans affairs that he signed on Aug. 12. "I requested that Mitch M & Paul R tie the Debt Ceiling legislation into the popular V.A. Bill (which...
  • CBO: Treasury to run out of cash in next 3 days, leading to default or delay in payments.

    06/30/2017 2:11:36 AM PDT · by gattaca · 39 replies
    Free Beacon ^ | Jun e30, 2017 | Ali Meyer
    The amount of money the government spends on programs and the amount it collects in taxes could change from the budget office projections, so the office warns that the Treasury could run out of funds even earlier. Currently, the federal deficit stands at $693 billion, which is an increase of $134 billion than what it projected in January. The federal government has an outstanding debt of $19.8 trillion, which includes $14.3 trillion in public debt and $5.5 trillion held by government accounts. Spending on major government programs such as Social Security and Medicare causes the amount of borrowing to increase....
  • Must-do for Congress: Raise debt limit, pass spending bills [barf]

    06/04/2017 3:55:31 PM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Jun 4, 2017 8:57 AM EDT | Andrew Taylor
    Even members of his own party were quick to declare President Donald Trump’s budget plan dead on arrival in Congress last month. And in fact, lawmakers are facing a burst of overdue budget-related work this summer. Most of what’s on the budget agenda probably won’t bear much resemblance to Trump’s spending plan, which promised deep spending cuts on domestic programs, rapid economic growth, and a balanced federal ledger in a decade. Instead, they’re confronting an increase in the government’s borrowing cap, serious problems in advancing annual spending bills, and a smaller set of curbs on domestic benefit programs. […] Atop...
  • Budget chief say debt ceiling may need to be raised soon

    05/30/2017 12:01:44 PM PDT · by OldGuard1 · 20 replies
    White House budget director Mick Mulvaney says the administration is likely to tell lawmakers they'll need to act earlier than expected to increase the government's borrowing cap. Mulvaney told the House Budget Committee that "receipts currently are coming a little bit slower than expected." He says Congress may soon hear from Treasury Secretary Steven Mnuchin (mih-NOO'-shin) about a change in the deadline to raise the debt ceiling.
  • It Will Take An Ax, Not A Scalpel, To Control Federal Spending

    04/29/2017 11:55:30 AM PDT · by Tolerance Sucks Rocks · 52 replies
    Inestor's Business Daily ^ | April 27, 2017 | Adam Brandon (Freedomworks)
    The federal government once again hit the debt ceiling. The ceiling limits the amount of money the federal government can borrow — a number that was set at $20.1 trillion. Although the issue should have been dealt with in 2015, then-Speaker John Boehner capitulated to President Obama and postponed the debt limit until March 16, 2017. Since then, the federal debt has grown by $1,414,397,000,000 — more than one trillion in less than two years. President Trump promised during his campaign to bring back American prosperity and make Washington work for everyone — not just for the small group of...
  • Trump raises stakes on government shutdown, demands border wall funds in spending bill

    04/21/2017 7:39:04 AM PDT · by ColdOne · 80 replies
    washingtontimes.com/ap ^ | 4/20/17 | Stephen Dinan
    The White House said Thursday that it wants to see money for President Trump’s border wall included in the spending bill Congress must pass next week — a demand Democrats said sours negotiations and makes a government shutdown more likely. The demands mark a reversal for the administration, which had been saying it found enough money to build prototypes this year and wouldn’t need a major infusion of cash until next year.
  • What News Will Be Buried on March 15th? Debt Ceiling, Dutch Elections and Brexit.

    03/14/2017 10:08:41 AM PDT · by davikkm · 7 replies
    IWB ^ | Mark Angelides
    March 15th (or the Ides of March) was a bad day for Julius Caesar, but history aside, is something big going to happen on the Ides? As it goes, there are actually already several fairly momentous things taking place, and as the saying goes “a big news day is the best time to bury bad news”. The main stories we will be reading about are: The debt ceiling In November, 2015, the Obama administration set a date for the debt ceiling to run to, and from this day forward, unless there is an almost immediate agreement, the US will not...
  • Mnuchin calls on Congress to raise debt limit as deadline approaches

    03/09/2017 8:08:40 PM PST · by Angels27 · 32 replies
    CNBC ^ | 3-9-17 | Jacob Pramuk and John W. Schoen
    Treasury Secretary Steven Mnuchin has called on Congress to raise the United States debt limit "at the first opportunity." In a letter to congressional leaders dated Wednesday, Mnuchin said the Treasury will stop issuing certain state and local securities on March 15, when the most recent suspension of the debt limit expires. Mnuchin said the Treasury will likely start taking "extraordinary measures" the next day, when the U.S. will be at its statutory limit, to prevent default. "As I said in my confirmation hearing, honoring the full faith and credit of our outstanding debt is a critical commitment. I encourage...
  • Job totals trail pre-recession levels in 10 US states

    03/25/2016 9:22:44 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Mar. 25, 2016 12:18 PM EDT | Christopher S. Rugaber
    Ten U.S. states still have not regained all the jobs they lost in the Great Recession, even after six and a half years of recovery, while many more have seen only modest gains. […] Wyoming had 3 percent fewer jobs last month than it did in December 2007, when the recession began, the Labor Department said Friday. That is the biggest percentage decline among the states. Alabama's job total trails its pre-recession level by 2.7 percent, followed by New Mexico, where job totals are 2.6 percent lower. Some larger states are also still behind. New Jersey has nearly 1 percent...
  • Obama Blames Republicans For Slow Economic Recovery

    03/04/2016 4:13:43 PM PST · by Nachum · 38 replies
    daily caller ^ | 3/4/16 | Connor D. Wolf
    President Barack Obama responded to reports of slow job growth Friday by blaming Republicans who have opposed parts of his economic agenda. The Bureau of Labor Statistics (BLS) report found the economy added 242,000 new jobs in February. The latest number highlights a long-running trend of slow, yet positive, economic growth. Obama credits the growth to his agenda but its slowness to Republicans for their opposition to his plan. “The plans that we have put in place to grow the economy have worked,” the president declared in the Oval Office. “They would work even faster if we did not have...
  • In Defense of the GOP Establishment [Understanding the limitations of what they have to work with]

    02/03/2016 8:04:34 AM PST · by SeekAndFind · 21 replies
    American Thinker ^ | 02/03/2016 | James Arlandson
    When you were a rowdy teen, your parents were the Establishment. Now that you're a parent, what are you? The anti-establishment, cool parent? Not likely. Rather, you're a grownup who tries to keep the peace in your discordant household; who tries to negotiate among self-interested, imperfect family members who have competing goods and goals; and who tries to instill a long-range vision for the future in your desire-ridden family who wants instant self-gratification. Welcome to the Establishment. You're a bona fide member now. Here's a defense of the amorphous, notional Establishment, as I see it, if it even exists in...
  • EXCLUSIVE: Secret Fed Docs Show Obama Misled Congress, Public During Debt Limit Crises

    01/31/2016 10:11:50 PM PST · by Nachum · 22 replies
    Daily Caller ^ | 1/31/16 | Richard Pollack
    Federal Reserve Bank of New York officials secretly conducted real-time exercises during the 2011 and 2013 debt-limit crisis that demonstrated the federal government could function during a temporary shutdown by prioritizing spending, even as Treasury Secretary Jack Lew publicly claimed many times that such efforts were “unworkable,” according to a new report by the House Financial Services Committee obtained by The Daily Caller News Foundation. The staff report, to be released Tuesday, charges that Lew and other Obama administration officials deliberately misled Congress and the public during the federal budget and debt limit showdowns in both years. The committee will...
  • Baby boomers are what’s wrong with America’s economy

    11/06/2015 8:07:55 AM PST · by MadIsh32 · 188 replies
    Washington Post ^ | 11/05/2015 | Jim Tankersley
    If anyone deserves to pay more to shore up the federal safety net, either through higher taxes or lower benefits, it’s boomers — the generation that was born into some of the strongest job growth in the history of America, gobbled up the best parts, and left its children and grandchildren with some bones to pick through and a big bill to pay. Politicians shouldn’t be talking about holding that generation harmless. They should be asking how future workers can claw back some of the spoils that the “Me Generation” hoarded for itself.