When President Barack Obama strides into the chamber of the U.S. House of Representatives on Tuesday to deliver his fourth State of the Union address, it will mark exactly 1,000 days since the Democratic-controlled U.S. Senate has passed a budget. (more)
Around kitchen and boardroom tables across the state, Michigan families and businesses are figuring out their budgets for the year, deciding where to cut, where to grow and what should stay the same. Unlike these responsible Americans, Debbie Stabenow and Senate Democrats have decided to fly blind. In fact, today marks the 1,000th day since Senate Democrats passed a budget. (more)
The United States hasn’t seen a constitutional convention since 1787. But with Washington, D.C.’s political class continuing to borrow and spend, the state legislatures in North Dakota and Louisiana have passed resolutions calling for another one. (more)
WASHINGTON (AP) — The federal government is on pace to run a deficit below $1 trillion for the first time in four years, modest progress in the face of intense debate in Washington over spending. (more)
During a campaign stop in New Hampshire, Newt Gingrich made some surprising comments about the professional analysts whose data he once relied upon as Speaker of the House. (more)
Rep. Austin Scott of Georgia, the president of the freshman House Republican class, is pressing Senate Majority Leader Harry Reid and his fellow Democrats to pass a budget, arguing that they “couldn’t run a hot dog stand this way.” (more)
Freshman Republican Rep. Mike Kelly, gathering with a group of his first-term House colleagues, demanded that Senate Majority Leader Harry Reid and the Democrat-controlled Senate “get off their rear ends” and pass a budget. The group of GOP House freshmen called this a “basic legislative responsibility” that Reid has ignored for 888 days. (more)
Republican opposition to the Obama administration’s spending plan threatens the lives of cops and firefighters, Vice President Joe Biden alleged today as he touted the White House’s new $447 billion jobs bill. (more)
The Obama administration is criticizing the United Nations for high personnel costs and is calling for a “line-by-line” review of the international body’s budget. (more)
Senators Tom Coburn of Oklahoma and Joe Lieberman of Connecticut are pressing the deficit-reduction supercommittee to make substantial cuts to Medicare, reports The Hill. (more)
For months now, there has been a lot of discussion inside the beltway about coming to a “grand bargain” that will solve our nation’s economic woes in one fell swoop. Many look to how we responded during past economic struggles in the hopes that history will be our guide. I’m not sure the answer lies in our past, but history can certainly serve as a starting point in negotiations for members of the so-called Super Committee who recently started their work. (more)
The rating agency Standard & Poor’s downgraded the United States’ credit rating for the first time ever, Friday night. (more)
Sarah Palin knocked presidential candidate Mitt Romney for waiting until the debt-ceiling compromise was a “done deal” before speaking out against it. (more)
Congress could create an off-budget “Warrior Fix” to defuse deep Pentagon spending cuts if there’s a November deadlock in the 12-member Joint Committee of Congress created by the debt ceiling deal signed into law today. (more)
BREAKING UPDATE: President Obama has signed the Budget Control Act of 2011 into law. (more)
A majority of Americans believe their elected officials in Washington behaved like spoiled children in the waning days of debt ceiling negotiations, according to a CNN/ORC poll released Tuesday. (more)
Daily Caller Senior Editor Jamie Weinstein appears on “Hannity” to talk the debt agreement, unhappiness on the left, the potential for American decline in the 21st century and much more. (more)
WASHINGTON (AP) — Emergency legislation to allow the government to borrow more money headed toward passage in the Senate Tuesday with just hours to spare before the national debt bumps against its ceiling. Expected approval sends the bill to President Barack Obama, averting a potentially disastrous, first-ever government default and making a down payment toward taming out-of-control budget deficits. (more)
“This is a win for the party,” says freshman GOP Rep. Joe Walsh of Illinois, about the debt ceiling deal Speaker John Boehner forged with President Obama to narrowly avert the Aug. 2 default deadline.“This is a good thing,” he says. So good, his party’s boss deserves serious praise. “Everybody in that room loves him,” Walsh says about Boehner, referring to the GOP conference meeting he was walking out of, “including me.” (more)
President Barack Obama sent out a 140-second campaign video to his supporters today in which he congratulated his supporters, downplayed the GOP’s success in the debt ceiling talks, and urged his supporters to lobby for tax increases during the second part of the two-stage deal. (more)
