Budgets

The GOP’s Two-Headed SOTU Response

House Budget Committee Chairman Paul Ryan did an admirable job rebutting President Obama’s state of the union speech tonight. As Republicans with more stature have learned the hard way, ahem Bobby Jindal, answering the President’s hour-long speech in under 15 minutes can be tough. But the Wisconsin Republican’s biggest competition …

A Rocky Start

Sure, the handing over of power went smoothly and civilly. But Republicans are off to a tough first week and Dems are not letting them forget it – or so say the dozens of press releases in my inbox. Governing is always harder than being in the minority and there’s bound to be some period of transition – though it’s only been four …

Playing Chicken with the Nation’s IOUs

This morning the Treasury officially requested that Congress raise the debt ceiling. This has been a long-anticipated move and Congress cannot fail to act as the consequences would be catastrophic: think downgrading our AAA credit status – in other words, sorry China, we will not be able to pay our debts.

But, the prospect of …

The New Republican Rules

After the ceremonies and standing ovations died down, the new Republican House majority did get around to some crucial business today. By a straight party-line vote, the House approved a new rules package for the 112th Congress, 240-191.

Republicans say passing the new package–a right granted by the Constitution–will foster openness …

Morning Must Reads: Fees

The U.S. Capitol Dome is lit after the first significant snowfall of the season as the House of Representatives worked late into the evening on December 16, 2010. (REUTERS/Hyungwon Kang)

–The tax deal, including a two-year extension of all the Bush breaks, a temporary payroll tax cut, and assorted other cuts and credits, breezed …

Sanders Filibusters Tweaked Tax Bill

At 10:25 a.m. this morning, Sen. Bernie Sanders, the independent from Vermont, began a lengthy speech on the Senate floor to block President Obama’s $858 billion tax bill. “You can call what I am doing today whatever you want, you it call it a filibuster, you can call it a very long speech,” Sanders said. “I’m not here to set any great …

Playing The Tax Compromise Number Game

Here is Anthony Weiner, a Congressional black belt in cable news combat, making waves on Fox News yesterday. You don’t have to watch the whole thing. But note at about 1:25 when he says. “Is it best to add another $80 billion in debt to our children to pay for the Estate Tax burden that will only be lifted for 32,000 people in the entire …

Why Barack Obama Compromised On Tax Cuts

Long before the midterm ballots had been counted, White House aides had begun to mull the coming agony of divided government. As the Obama team worked out its options, one priority kept coming to the top: However, the next two years shook out, they told themselves, Barack Obama needed to convince the great middle of the American …

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