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What the hell is wrong with Paul Ryan?

On his debt ceiling/stealing: What the hell is wrong with Paul Ryan? (via Uppity Wisconsin) His party just caved on holding the debt ceiling ransom in exchange for gutting the Affordable Care Act and other nutty ideas. Aghast at just how badly their party fared in past such adventures, all…

Good news: Next debt ceiling battle might not be so bitter

The world’s largest economy once more faces the threat of default unless the US Congress raises the debt ceiling, but feuding between Barack Obama and foes may not push the nation to the brink this time. Republicans on Capitol Hill are keen to avoid a repeat of the kind of…

Senate votes to raise U.S. debt ceiling and end federal shutdown

Following several tense days of fiscal negotiations, the U.S. Senate approved a measure that ends the U.S. government shutdown and raises the nation’s debt ceiling. The bill, which passed 81-18 with broad bipartisan support, now heads to the House of Representatives — less than four hours before the October 17…

House to vote on bill to fund government but delay medical device tax

The US House of Representatives will vote on its own bill to end a government shutdown and debt ceiling standoff, Republican lawmakers said Tuesday, just two days before Washington exhausts its borrowing authority. The Republican plan is similar to a measure being worked up in the Senate, which would fund…

Republicans offer ‘short term’ debt ceiling raise

Republican leaders are to offer President Barack Obama a temporary deal to raise the US government’s debt ceiling and head off the immediate risk of default, lawmakers said Thursday. “It will be short term,” Congressman Robert Pittenger told reporters after a meeting of Republican representatives on Capitol Hill. Party leaders…

Stocks sink as D.C. budget paralysis continues

US stocks, led by the tech-rich Nasdaq, tumbled Tuesday as a Washington budget and debt ceiling impasse dragged on without clear progress. In late-morning trade, the Dow Jones Industrial Average fell 85.55 (0.57 percent) to 14,850.69. The broad-based S&P 500 lost 12.43 (0.74 percent) at 1,663.69, while the Nasdaq Composite…

Rep. Barton on debt limit: Bills only need to be ‘paid partially’ like ‘my household budget’

Rep. Joe Barton (R-TX) on Monday said that he would fight against raising the nation’s debt ceiling and had a simple plan to avoid default, which involved not paying “every bill the day it comes in.” “The debt ceiling in my mind is a bigger issue is that Obamacare, I…

Sen. Coburn denies default risk: ‘There’s no such thing as a debt ceiling’

Sen. Tom Coburn (R-OK), who has called himself a “global warming denier,” on Monday said that there was also “no such thing as a debt ceiling.” The Oklahoma Republican told CBS host Norah O’Donnell that Congress would eventually pass a continuing resolution (CR) to fund the government and end the…

Republicans turn to the debt ceiling for leverage

Fears were mounting Wednesday that a fight over the government’s debt ceiling will overtake the budget battle that has paralyzed Washington, threatening to trigger an unprecedented US default. Republican lawmakers, frustrated that they have not won any concessions from Democrats over health care reform, have threatened to roll the two…

GOP lawmakers consider plan to lift debt ceiling in exchange for Obamacare delay

With five days until a possible U.S. government shutdown, lawmakers were mulling options Thursday for keeping agencies open while potentially postponing a battle over President Barack Obama’s health care law. The Senate expected to approve a stopgap funding bill soon that strips out a provision defunding the controversial health law,…

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