Home » Posts tagged with » house (Page 57)
John Boehner’s Debt Ceiling Bill Stalls In House

WASHINGTON — A Republican plan that would have hiked the nation’s debt ceiling for only six months and left the country’s spending captive to a “Super Congress” failed to advance in the House Thursday night, with Democrats and Tea Party-backed Republicans opposing the plan. House Speaker John Boehner (R-Ohio) had initially scheduled a 6 p.m. vote on his measure which, in addition to raising the debt ceiling, would have cut $915 billion in spending and set up a 12-legislator commission to compel another $1.8 trillion in reductions over 10 years. The vote was then postponed to later Thursday night, but House Majority Whip Kevin McCarthy (R-Calif.) announced just before 10:30 p.m. that a vote would not occur until the following morning at least. Boehner had already gone back and restructured his plan, after the Congressional Budget Office revealed Tuesday that it contained only $850 billion in cuts — less than the plan put forth by Senate Majority Leader Harry Reid (D-Nev.). But even after his plan was re-scored — and he spent more than a day leaning on reluctant members — Boehner was short at least three votes, sources said. The Hill reported that the $17 billion in funding for Pell grants contained in the bill, added in part to lure some Democrats, was a major stumbling block for some members. And many Tea Party-backed Republican freshmen oppose any increase in the debt ceiling whatsoever. Boehner and his leadership team worked for hours, but they were unable to salvage the bill and secure the votes, marking a stunning failure for a party leader on a crucial piece of legislation. It was unclear if Boehner would try to bring the bill up again, or if the way was now clear for Reid to advance his plan, which would cut $2.2 trillion over ten years and raise the debt ceiling enough to last into 2013. Democrats suspected Boehner’s efforts were done. “If he can’t get the votes tonight he’ll never get them. You can’t put this toothpaste back in the tube,” one Senate leadership aide said. The high-stakes showdown marks the first time in U.S. history that the nation has come so close to being unable to pay its bills. The debt limit — $14.3 trillion — was hit in May, and Treasury Secretary Timothy Geithner has been using emergency measures since then to juggle the books. He has warned that if the limit is not increased by Aug. 2, the federal government will risk defaulting on its obligations. Raising the debt ceiling has historically been a routine procedure; Congress has done it dozens of times in the past with no strings attached. Yet even as Geithner and other economists have warned of calamitous consequences if the nation defaults, Tea Party-backed Republicans have insisted on linking payment of the country’s bills to huge cuts in future spending. That position started out as a relatively popular one, with many Americans also opposed to raising the debt limit altogether. But many have since changed their minds; recent polls have shown that while most Americans think spending cuts are important, they also believe that the debt limit must be increased before the federal government defaults. As credit rating agencies have warned that they may downgrade the United States’ debt, a move that could increase interest rates on home loans, student loans, and credit card bills, Americans have become more and more concerned. The slight hike in interest rates that would result from the country losing its AAA credit rating would also mean the federal government would face an extra $100 billion a year in borrowing costs. Ironically, the speaker wound up in such a tough spot after he walked out of talks at the White House, where he was negotiating a “grand bargain” with President Barack Obama and congressional leaders. Boehner left, he said, because the president was seeking too much in revenue. Yet while the sides differed on the details, the deficit reduction package would have ultimately been larger than either Boehner’s or Reid’s, and would have included around $1 trillion in revenues paired with some $3 trillion in cuts. Republicans have been adamant that taxes cannot be raised on the wealthy, and that corporate tax loopholes and oil subsidies cannot be ended. Many members of the Tea Party have continued to insist, meanwhile, that warnings of catastrophe were exaggerated and the debt ceiling should not be raised at all. House Minority Leader Nancy Pelosi (D-Calif.) released a statement soon after Boehner gave up for the night, suggesting he had simply gone too far. “Hopefully, now the Republicans will come back to the table to negotiate a bipartisan, balanced agreement that is overwhelmingly supported by the American people,” Pelosi said. “Republicans have taken us to the brink of economic chaos. The delay must end now so we can focus on the American people’s top priority: creating jobs and growing the economy.” What happens now depends on whether Boehner keeps trying. Even if Boehner is able to get his bill through the House, a Senate Democratic aide told The Huffington Post that Reid would quickly move to defeat the measure, then put his own package up for a vote. Democrats may also focus on getting Minority Leader Mitch McConnell (R-Ky.) back to the negotiating table. Exactly what McConnell would demand was unclear, but Democrats could propose some sort of trigger mechanism that would force deeper cuts later in exchange for a debt ceiling hike now — an idea that GOP lawmakers may find agreeable, but which advocates for the poor and elderly believe would be devastating to the social safety net. The savings in Reid’s plan come primarily from discretionary spending cuts and the drawdown of troops from the Iraq and Afghanistan wars. Like Boehner’s plan, it would set up a super committee of 12 lawmakers to propose additional cuts, including entitlement reforms, which would then go to the House and Senate for simple up-or-down votes. But Reid’s version, unlike Boehner’s, guarantees the debt ceiling is extended into 2013, which would push it past the next elections and which many ratings agencies would prefer. If Reid can get the legislation out of the Senate — where there would be at least one filibuster vote — the measure might be able to attract enough Democrats and Republicans to pass it in the House. There also remains a chance that leaders could revive McConnell’s idea of voting to give the White House authority to make cuts and debt limit hikes in three steps. Jennifer Bendery and Elise Foley contributed reporting.

Continue reading …

John Boehner could not quell a revolt among conservatives and push his debt plan through the House tonight. House Majority Whip Kevin McCarthy announced about 10:30pm EST that no vote would take place. House Republicans had delayed the vote earlier this evening but still expected to get it done…

Continue reading …
Haynesworth, Ochocinco to Patriots

The Washington Redskins traded disgruntled defensive lineman Albert Haynesworth to New England on Thursday and the New Orleans Saints shipped running back Reggie Bush to Miami. The Patriots are also getting Chad Ochocinco. (July 28)

Continue reading …
Republicans Postpone Vote on Debt Bill

Republican leaders in the House of Representatives, facing a conservative revolt, unexpectedly put off a vote on a bill to increase the US debt limit, creating more turmoil as a deadline for avoiding a government default is only days away. (July 29)

Continue reading …
US House delays vote on debt bill

House Republican leaders abruptly delayed a vote on a bill to extend the government’s debt limit, cut federal spending and avoid a potential U.S. default on its obligations at home and abroad. One House aide said the vote that was delayed Thursday would occur later in the evening evening.t was initially unclear why the vote, which had appeared imminent, was postponed. House Speaker John Boehner and other Republican leaders had labored furiously to line up the 216 votes the debt bill would need to pass the House. Enough conservative Republicans, initially opposed to the Boehner bill, had been thought to have agreed to back the measure earlier Thursday. There are 240 Republicans in the House….

Continue reading …
Debt Ceiling Deadline Looms (LATEST UPDATES)

Neither the House nor the Senate has a clear path forward for must-pass legislation to allow the government to continue to borrow to pay its bills, putting lawmakers and financial markets alike on edge less than a week before the deadline for heading off the nation’s first-ever default. Without a deal by Tuesday, the Obama administration has said the government will be unable to pay all its bills, and could miss checks to Social Security recipients, veterans and others who depend on public help. In addition, credit rating agencies could downgrade their assessment of the government’s finances, further unnerving financial markets and perhaps causing interest rates to rise for everyone. Despite his image as a button-down Republican, House Speaker John Boehner walked to the brink of a dramatic and historic agreement to change the government’s spending habits. But as he twice approached a $4 trillion deficit-reduction deal with President Barack Obama that would have rocked both parties’ bases, Boehner was reeled back in by his caucus’ conservative wing. The muscular, Tea Party-fueled group not only forced him to abandon a “grand bargain” with Obama, it made him scramble Wednesday to secure the votes for a far more modest deficit-ceiling plan, which in turn is all but doomed in the Senate. The events highlight the limits of power for an experienced and well-liked politician who has struggled to budge his caucus’ staunchest conservatives despite constantly reminding them that their party doesn’t control the Senate or White House. Check back here for the latest developments. What happens if the U.S. defaults? See the slideshow below.

Continue reading …

Let the endgame begin: The House has begun debate on John Boehner’s debt ceiling bill, and the House speaker says he’s confident it will pass this evening. As Politico points out, however, he is still doing serious arm-twisting of individual members to reach his mark of 217. Assuming he gets…

Continue reading …

Paul Simon knew 50 ways to leave your lover, but House Republicans are apparently working on 39 ways to ditch environmental protection, reports the New York Times . With the nation’s energies focused on the looming debt ceiling, the GOP is loading up an appropriations bill with environmental deregulation—such as…

Continue reading …
Rupertgate Thursday – "A New Low".

enlarge Rebekah Brooks with Sara Payne – appears to be no bottom – just a series of trap doors. Click here to view this media It was only a matter of days before some new and harrowing discovery was made with connection to the News Of The World/Newscorp/News International/Rupert Murdoch debacle. And here it is. It was just reported (as of 9:00 am PDT) that Police made a discovery that the phone of Sara Payne had been hacked, or was on a list alleged to have been hacked, by News Of The World. In case the name rings no bells, Sara Payne is the mother of Sarah Payne, the 8-year old girl abducted and murdered by convicted pedophile Roy Whiting in 2000. The murder was so heinous and caused such outrage that it prompted adoption of a new law making it public the whereabouts of convicted pedophiles to serve as a warning for parents with children living within a given area of the pedophile. The campaign to get this law on the books was News Of the World, championed by then-editor Rebekah Brooks. The law was eventually enacted and became known as Sarah’s Law in honor of the slain girl. Sara Payne became quite close, not only with Rebekah Brooks but with The News Of The World and they maintained close personal ties over the years. The discovery today that the very same News Of The World was in fact hacking Sara Payne’s phone brought a wave of freshly harvested revulsion throughout the UK today. Payne is in a state of horrified shock and reaction has been swift and dismayed. Brooks has vehemently denied the charges and many former colleagues have come to her defense. At first it was reported the phone in question was a personal gift from Brooks, but it has been retracted and said to have been a gift of News Of The World, not Brooks personally. In all due likelihood it would seem Brooks may be telling the truth. With such a close personal relationship with Payne, why would she need to hack into her phone? But it doesn’t dismiss the notion that this sort of thing was a standard operating procedure for many years at News Of the World (and Newscorp) and the climate was such that it wasn’t given much thought to raise an eyebrow. That, I think is the real issue here. Your complacency is your defacto complicity. Does Brooks warrant every accusation thrown at her? I don’t think so. Why? Remember she was brought into the organization very young (read: malleable). Learning your trade as an apprentice by the side of the master will often introduce you to methods and techniques you may question early on. But after twenty years those gut-level questions cease being relevant. I’m still of the opinion the fish rots from the head. Just saying. Here is the breaking news via BBC Radio 4′s PM with Eddie Mair and an update from The Six O’Clock news that followed right after. As is everything connected with this story, the game changes almost hourly.

Continue reading …

The Politico is reporting that voting on Boehner’s Debt Ceiling Bill called the ‘Budget Control Act’ has been delayed. No more news has come out so far… Chuck Todd tweets : They ACTUALLY are now moving to the business of naming post offices. You can’t make it up The Politico has more: House Republican leaders delayed a vote on Speaker John Boehner ’s debt limit bill Thursday evening, sparking a series of emergency meetings and arm twisting as the fate of a trillion dollar deficit package hung in limbo . House Majority Leader Eric Cantor ’s (R-Va.) office says the vote will still be held Thursday night, but the delay is an indication the votes aren’t totally locked down for passage. For hours, Boehner has been engaged in intense one-on-one meetings with Republicans in an effort to win today’s fight. Still lacking the votes at 9 p.m., Republicans were considering sending their bill back to the Rules Committee for minor tweaks to win more votes. Rep. Louie Gohmert, a conservative Texas Republican, emerged from Boehner’s suite of offices Thursday evening — which include Cantor’s space — and said he is a “bloody, beaten-down no.”

Continue reading …