Philip Klein is senior editorial writer for The Washington Examiner. Prior to joining the Examiner, he served as Washington correspondent for The American Spectator, and before that, worked for over three years as a financial reporter at Reuters in New York.
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An angry President Obama, appearing at a press conference moments ago, ripped into House Speaker John Boehner, R-Ohio, for the breakdown of talks to negotiate a big deal to raise the debt limit.
Obama claimed that he offered Boehner an "extraordinarily fair deal" that the Speaker walked away from, complaining that Boehner wouldn't even return his call today.
"I've been left at the alter a couple of times," Obama lamented, talking about previous breakdown of negotiations with Republicans. Read More
My colleague Conn Carroll and I have been having a back and forth over the benefit of repealing the individual mandate as part of a trigger within the debt deal. Read More
A bipartisan group of 14 Michigan lawmakers -- the state's entire delegation to Congress -- has sent a letter to President Obama attacking his proposed 56 miles per gallon fuel standard.
As I've written previously, such a fuel standard would drive up the price of cars, effectively mandate what type of vehicle Americans would have to drive, and lead to a spike in deaths from accidents due to the push for lighter-weight vehicles. Read More
A number of conservatives have trashed the $3 trillion deficit-reduction deal reportedly the works between President Obama and House Speaker John Boehner, R-Ohio (even though both sides deny any deal). Read More
Supporters of Texas Gov. Rick Perry have been expanding their presence in Iowa, hiring staff, collecting signatures and soliciting support for a possible presidential run.
Bob Schuman, a California businessman and consultant who started Americans for Rick Perry, said that the organization -- which is not affiliated with the governor's office -- had raised $400,000 since it began seven weeks ago. Read More
House Speaker John Boehner, R-Ohio, said at just concluded press conference that it was now up to the Senate to pass its own plan to raise the debt ceiling.
“The House has done its job," Boehner said. "We’ve given the president an increase in the debt ceiling of $2.4 trillion, which would take us at least the next 18 months. For that, we’re asking for real cuts in spending and a balanced budget amendment. So the House has done its job, and I hope that the Senate will do theirs.” Read More
I've written a number of posts criticizing Senate Minority Leader Mitch McConnell's "last resort" proposal for raising the debt ceiling, which I see as a legislative gimmick being used to escape responsibility. It would allow Republicans to effectively vote to raise the debt limit while claiming they voted against it. Read More
Though he had emphatically ruled out the idea of a short-term debt deal, President Obama is now willing to sign one if the parties are close to a bigger agreement but need time to hammer out the details before the Aug. 2 deadline, White House press secretary Jay Carney said today. Read More
Today, Washington was abuzz with the of the “Gang of Six” deficit-reduction plan, which received a boost when Sen. Tom Coburn, R-Okla., decided to rejoin the bipartisan group of Senators he had previously left in May.
Though it’s being billed as a $3.7 trillion deficit-reduction package, based on the limited details we have, it looks like it defers the actual tough decisions to a later date. Read More
While a deal to raise the debt ceiling is still eluding negotiators, House Budget Committee Chairman Rep. Paul Ryan, R-Wis., says his staff is already busy putting potential compromises in legislative language so they can react as quickly as possible if and when an agreement is struck.
“We’re writing stuff right now,” Ryan told me in a phone interview this afternoon. “Our Budget Committee staff is already writing things as contingencies. So we’re already preparing legislation based upon hunches of where this is going so that it’s ready.” Read More
Sen. Tom Coburn, R-Okla., speaking to reporters today about his new $9 trillion deficit-reduction proposal, said a so-called "grand bargain" on the debt could not wait until after the next election.
“You can’t put it off (until 2013)," Coburn said in his Senate office conference room. "It’s impossible. The country won’t make it. You can’t do that. You have to do it now, regardless of the politics.” Read More
Sen. Tom Coburn, R-Okla., today released a sweeping plan to reduce deficits by $9 trillion over the next ten years by grabbing at multiple third rails in Washington -- slowing the growth of entitlements, slashing the defense budget, and reducing tax deductions for employer-based health care coverage and home mortgages. Read More
Texas Gov. Rick Perry is sounding more and more like a man who intends to run for president.
“I’m not ready to tell you that I’m ready to announce that I’m in,” Perry said, according to the Des Moines Register. “But I’m getting more and more comfortable every day that this is what I’ve been called to do. This is what America needs.”
The article also reports that, "his wife, Anita, and hundreds of people nationwide say they want him to run, he said." Read More
Even if Republicans were to suddenly cave and vote Monday morning to hike the debt limit without any conditions, it would not spare the United States from the risk of a credit downgrade. In the past several days, rating agencies Moody's and Standard and Poor's have both issued warnings that they could downgrade the U.S. credit rating if the debt limit is not raised. However, they also said that the ratings could be downgraded even if a deal is reached to raise the debt limit, but there isn't a credible agreement to tackle our debt burden. Read More
In one of the few specifics he gave in this morning's press conference, President Obama endorsed the idea of means-testing Medicare. In a column yesterday, I floated the idea as a possible compromise position, because it allows Republicans to say that they cut entitlement spending without raising taxes, and enables Democrats to say they asked more of the wealthy. Read More