“Congress will have to raise the Treasury Department’s $16.4 trillion borrowing limit by late winter, and Republicans see the debate as their best opportunity to extract spending cuts out of the White House. That’s why they effectively conceded the tax rate battle to President Barack Obama,” Politico wrote. “So while...
Moody’s Investor Service warned lawmakers on Wednesday that passage of the deal to avert the fiscal cliff does not mean their work is finished. The credit rating agency issued a note reminding policymakers that the U.S. credit-rating outlook is negative and a downgrade could be forthcoming unless debt ratios are...
“Public service was never meant to be an easy living,” Rep. John A. Boehner lamented Thursday, moments after he overcame a Republican insurrection to win re-election as speaker of the House. For Mr. Boehner, it may only get tougher from here. As reported in the New York Times, after a...
The deal offsets its two-month sequester delay with $24 billion in savings, half achieved through a tax gimmick and the other half achieved through discretionary spending cuts. Of those, only about $2 billion would come from DoD and other security agencies during the current fiscal year, according to an analysis...
... a hand injury usually caused by the impact of a clenched fist with a skull or a hard, immovable object. Just seems to be an appropriate word to consider when thinking about the 113th Congress.
As the 113th Congress opens, the Senate and the House are starting to look a little bit more like the people they represent. The new Congress includes a record number of women (101 across both chambers, counting three nonvoting members), as well as various firsts for the numbers of Latinos...
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