In another sign of economic weakness, the gross domestic product grew at a lower than expected 1.3 percent during the second quarter, and the already weak first quarter number was revised downward to an anemic 0.4 percent, the Commerce Department reported today.
At RedState, Michael Hammond makes a succinct five-point-case against Speaker John Boehner’s, R-Ohio, debt hike plan: 1) The Boehner plan is so similar to the Reid plan that its passage will lead to a compromise with no cuts beyond 2012, a commission that will endorse tax hikes, and a trigger to force those tax hikes; 2) A guaranteed vote on a balanced budget amendment is worthless; 3) If Tuesday
Sen. John McCain's angry reference to 'Tea Party hobbits" earlier this week, has sparked several photoshopping memes that are spreading across the internet as Tea party supporters mocked his comments that were drawn from a Wall Street Journal editorial.
President Obama will announce dramatically higher Corporate Average Fuel Economic (CAFE) standards for cars and trucks today. The new fleet average requirement is expected to be 54.5 mpg, which will require massive downsizing of automakers' products and huge price increases, all for barely measurable gains in clean air.
Short of votes to past the current version of House Speaker John Boehner's bill to raise the debt limit, Republicans on the Rules Committee voted to give their leader "maximum flexibility" to bring any negotiated changes to the House floor immediately.
House Republicans will not hold a vote on House Speaker John Boehner's bill to raise the debt limit, despite an aggressive effort to win over holdouts.
Throughout the evening, Republican skeptics of the bill were coming in and out of the offices of Boehner and House Whip Kevin McCarthy, R- Calif.
How’s that U.S.-Russia “reset” working out?
“U.S. intelligence agencies concluded in a classified report late last year that Russia’s military intelligence was responsible for a bomb blast that occurred at an exterior wall of the U.S. Embassy in Tbilisi, Georgia, in September,” the Associated Press reported yesterday.
If the debt ceiling end game plays out as currently anticipated, the House will pass Speaker John Boehner’s plan this evening, and Senate Majority Leader Harry Reid, R- Nev., will respond by rejecting that proposal and passing an alternate measure. Then the two chambers will hash out a compromise.