[youtube=http://www.youtube.com/watch?v=fLzLPbwqggU]
There’s an important distinction sometimes lost in the current debate over raising the debt ceiling. On Aug. 2 (or thereabouts), the U.S. government is not going to default on its credit obligations, not just yet anyway. If the borrowing limit isn’t increased, the Treasury …
Washington these days feels like a 1960s game show. Our lucky contestants, House Speaker John Boehner and President Barack Obama, are on the stage in front of three doors, listening intently to the audience cheer before they …
At Tuesday’s White House press briefing, Obama spokesman Jay Carney was asked whether the President might circumvent the tortured efforts to strike a debt-ceiling deal with Republicans and invoke the U.S. Constitution’s 14th amendment, which contains a clause providing that “The validity of the public debt of the United States, …
Updated 12:30pm
Republicans are demanding to know why President Obama isn’t at the table pin the deficit talks. Today, Jon Kyl, the No. 2 Senate Republican, and Majority Leader Eric Cantor abruptly withdrew from the talks saying they have gone as far as they can and now presidential leadership is needed – particularly on the …
As I type this, Vice President Joe Biden is one floor below me, cloistered in a room with congressional negotiators trying to work out a deal to slash deficits and raise the debt ceiling before the Aug. 2 deadline, when the …
