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Key Republican blasts Obama jobs plan

WASHINGTON — President Barack Obama’s top critic in the US Senate on Tuesday blasted the White House’s new $447 billion blueprint for battling high unemployment as “more of a reelection plan than a jobs plan.” Republican Senate Minority Leader Mitch McConnell also rejected Obama’s call for raising taxes on the…

U.S. Republicans name anti-taxers to debt panel

President Barack Obama’s Republican foes in the US Congress on Wednesday named tax foes and a “Tea Party” ally to a new “supercommittee” where the next round of bitter US debt battles will play out. Republican House Speaker John Boehner and Republican Senate Minority Leader Mitch McConnell’s choices — like…

Poll: Majority wants super committee to tax the rich

Republicans appointed to a congressional deficit panel will have to buck public opinion if they intend to block tax hikes on the rich. A CNN poll (PDF) released Wednesday found that a majority of Americans want Congress to compromise by raising taxes on the rich and cutting government spending. In…

McConnell: Cut safety net to prevent tax hikes

WASHINGTON — Republican US Senate Minority Leader Mitch McConnell said Monday that he favored cuts to popular safety net programs but opposed tax hikes on the rich as part of a plan to rein in galloping US debt. “The country needs economic growth and fiscal responsibility, not higher taxes and…

Lawmakers close to deal to avoid default

WASHINGTON (Reuters) – U.S. lawmakers were close to a last-minute $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure financial markets that the United States will avoid a potentially catastrophic default. “We’re very close,” said Senate Minority Leader Mitch McConnell, the top Senate Republican who is…

Lawmakers race clock to clinch debt limit deal

WASHINGTON (Reuters) – American lawmakers raced against the clock on Sunday to forge a last-minute deal that could raise the U.S. debt ceiling by $2.8 trillion and provide assurance to financial markets that the United States will avoid default. Prospects that a significant package was within grasp brightened after Republican…

Obama and Dems huddle in search of debt deal

US President Barack Obama held an urgent White House summit with key Democratic allies Saturday as his Republican foes said fever-pitch efforts to avert a disastrous debt default would soon pay off. “That’s not true,” Democratic Senate Majority Leader Harry Reid said, pouring cold water on the upbeat Republican message…

Geithner: U.S. debt default ‘not going to happen’

WASHINGTON — The United States will not default on its debt, US Treasury Secretary Timothy Geithner said Sunday, as the clock ticks down to reaching a deal by August 2 to raise the nation’s debt ceiling. “It’s unthinkable we would not meet our obligations on time,” Geithner told CNN in…

Boehner at White House for debt talks, despite dramatic walk-out Friday

Despite a dramatic announcement that he would no longer negotiate with the White House to hammer out a solution to the nation’s debt crisis, House Speaker John Boehner (R-OH) is back at the White House Saturday morning. Yesterday, Boehner released a letter to his colleagues in the House, explaining that…

Sen. who pushed Patriot Act: Don’t make policy after disaster

A Republican leader who was quick to vote for the USA PATRIOT Act following the 9/11 attacks is now saying that legislators should think twice about making policy in the wake of disasters. Fox News’ Chris Wallace Sunday asked Senate Minority Leader Mitch McConnell if the nuclear disaster in Japan…

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