If there is one thing Republican aides want conservatives to know heading into this afternoon’s presentation of Speaker John Boehner’s, R-Ohio, two-tier debt limit plan, it is that President Obama hates it. Read More
House Republicans are finishing work on a new proposal to resolve the standoff over the debt ceiling. The proposal, set to be finished and crafted into the form of a bill by Sunday, will be in two parts. The first will combine a short-term increase in the debt ceiling with spending cuts. The second will lay the groundwork for a longer-term increase in the debt ceiling coupled with far-reaching deficit reduction. Read More
I’m more than a little bit stunned to see the Speaker of the House say that the President welshed on a deal and that dealing with him is like dealing with Jell-O. Yet from the accounts we have those comments seem justified. Barack Obama agreed to $800 billion in additional revenues, from eliminating tax preferences and perhaps cutting tax rates, as a ceiling, and then insisted on $400 billion more, in tax rate increases. No wonder John Boehner cut the negotiations off. Read More
Leaders of a bipartisan "Gang of Six" are nearing agreement on a plan that "broadly mirrors" the White House proposal that would raise the federal debt ceiling and cut the deficit by more than $4 trillion over the course of a decade, President Obama said on Tuesday.
"The framework that they put forward is broadly consistent with what we've been working on here at the White House," Obama said. Read More
It doesn’t look like we’re going to get the $4 trillion deficit-reduction deal President Barack Obama has been talking about. So what happens next?
Seeing the recent breakdown in talks, it’s hard to imagine what Obama and Vice President Joe Biden thought they were going to get in these negotiations. Read More
Over the weekend, House Speaker John Boehner, R-Ohio, backed away from negotiating a larger, long-term budget deal in exchange for raising the debt limit because President Barack Obama was insisting on massive tax increases as part of the package. Read More
House Speaker John Boehner's office is pushing back against speculation that Republican negotiators will "cave" to President Obama in talks on raising the national debt ceiling. "Every Republican has been clear as crystal: No tax hikes," says a Boehner spokesman. "Tax hikes destroy jobs and they cannot, and will not, pass the House." Read More
Speaker John Boehner, R-Ohio, has issued a statement calling on President Obama to get involved in the debt limit talks that have come to a stalemate.
Boehner also said in the statement that the deal cannot include tax increases because such a proposal could not pass in the House. Read More
The Wall Street Journal‘s Janet Hook and Corey Boles have the scoop: Read More
‘No more ignoring the law when it’s inconvenient,” then-Sen. Barack Obama proclaimed on the campaign trail; as president, he’d show the world “that the law is not subject to the whims of stubborn rulers.”
But last Thursday, the president answered House Speaker John Boehner’s request for an explanation as to why, 90 days into our Libyan misadventure, he isn’t in violation of the War Powers Resolution, which requires him to terminate U.S. Read More