The House GOP leadership has allowed a rare open amendment process to the FY2011 budget on the floor this week. Thus far 403 amendments totaling 459 pages have been filed with more to come. Most of the Democratic amendments will try and reinstate many of the $100 billion in cuts. Many of the Republican Study [...]
Hillary Clinton will announce later this week that veteran diplomat Marc Grossman will replace Richard Holbrooke, who died in December, as Special Envoy to Pakistan and Afghanistan. Grossman is an accomplished career diplomat who will do his job in a discreet and reliable way. He’s not a bone-crusher like Holbrooke, but that approach didn’t get [...]
Billionaire media mogul, Democrat turned Republican turned independent, three-term New York City mayor. We’re taking reader questions for Mike Bloomberg to answer in the magazine. Submit your questions here.
Senator Jeff Sessions, an Alabama Republican and ranking member on the Budget Committee, is an avowed free trader. Yet, Sessions is holding up the renewal of the Generalized System of Preferences, a trade agreement that has been around since the mid 1970’s. The GSP gives preference to 131 developing nations to sell certain goods in [...]
The GOP’s jeers at the budget President Obama unveiled today — House Speaker John Boehner, tweaking the new White House slogan, scoffed that Obama was “spending the future” — highlight the vast gap between the two parties’ budget blueprints. But the chasm is likely to grow wider. Boehner’s promise to preside over an open amendment-process [...]
I’m still sifting through the various somersaults the Obama Administration is spinning to cut the budget. I’ll have more to say about that, and the budget fight, over the next few weeks. Meanwhile, two thoughts: 1. All this would be an awful lot easier if we just…raised taxes. Not much. Just back to the Clinton [...]
