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President Obama and House Speaker John Boehner are close to a deal to cut the deficit and raise the federal borrowing limit, congressional sources say. Though both sides deny a deal is imminent, congressional Democrats who have been briefed on the proposal are voicing concerns that Obama would be conceding too much to Republicans in [...]
There’s another Aug. 2 deadline looming in Washington that also features a stand-off between a Tea Party favorite and the Obama administration. Senator Rand Paul, the freshman from Kentucky, has placed a hold on the otherwise broadly supported bipartisan bill that would allow FBI Director Robert Mueller to extend his 10-year stint by two more [...]
Less than two weeks before Congress hits its deadline to raise the debt ceiling, the path toward an agreement on deficit reduction remains murky. White House negotiations have slowed. House Republicans have coalesced behind a plan that can’t pass. And while the Gang of Six has resurfaced, earning kudos from the President and sparking glimmers [...]
At a White House meeting on July 7 when President Obama told congressional leaders he wanted a grand bargain on deficit reduction, Dick Durbin, the No. 2 Senate Democrat and a member of the bipartisan so-called Gang of Six, began to suggest that the gathered leaders look at the Gang’s work as a starting point [...]
Updated, 2:18 p.m. An ambitious deficit reduction framework crafted by the Senate’s bipartisan Gang of Six earned two key endorsements on Tuesday as President Obama called it “broadly consistent” with what he wants from negotiations to raise the debt ceiling and Lamar Alexander of Tennessee, the No. 3 Republican in the upper chamber, fully embraced [...]
Washington’s debt-ceiling talks have entered a new and desperate phase. With two weeks to go until the U.S. begins to cut government services to avoid defaulting on its credit obligations, negotiators are further apart on a plan to stem the nation’s deficits than they have ever been. Spring talks led by Vice President Joe Biden [...]
There is a certain irony in the fact that the two men who spoke the least at White House debt ceiling negotiations over the last week will likely be responsible for forging the path ahead. And like any grand compromise in Washington, no one will like it. Thursday’s final White House meeting between President Obama [...]
A day after a testy exchange between Barack Obama and Eric Cantor capped debt-limit negotiations at the White House, Democrats launched a coordinated attack against the House Majority Leader, portraying him as a primary obstacle to ongoing effort to reach a deal to raise the U.S.’s borrowing authority by the August 2 deadline. “Eric Cantor [...]
Updated There’s currently a lot of movement on the chess board of Washington’s debt ceiling game, and much of that action has one goal: returning the pieces back to their original positions — the king next to the queen and the pawns all in a row. Senate Minority Leader Mitch McConnell’s startling proposition on Tuesday [...]
President Obama and congressional leaders met again on Sunday night for 75 minutes at the White House as they tried to hash out an agreement on a deficit reduction deal tied to the impending deadline to raise the federal debt limit. No deal was reached except to agree to meet again on Monday. Obama and [...]
