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  • debt limit

    Obama Plans Birthday Fundraiser One Day After Debt Deadline

    The White House has pegged Aug. 2 as the drop-dead deadline for a debt-limit deal. But deal or no deal, President Obama is heading to Chicago on Aug. 3 for his 50th birthday bash — a pricey fundraiser for his re-election campaign. Obama’s campaign began promoting the birthday last week … More

    Eat Your Peas or the U.S. Will Risk Default

    Yesterday, the President conditioned a debt limit increase on the House and Senate meeting his demands to increase taxes, a very risky declaration. The President declared that he would veto any short-term debt limit increase because he wants a comprehensive deal including tax increases. Ben Feller of the San Francisco … More

    Sen. Jeff Sessions Introduces Debt Limit Transparency Measure

    Today, Senator Jeff Sessions (R-AL) introduced legislation to force seven calendar days of transparency before any debt limit deal is passed by the Senate. The measure is in the form of a point of order and reads as follows: It shall not be in order in the Senate to proceed … More

    The U.S. Government Debt Default Bogie Man Scares No One

    Ever since the debate over the debt limit began in earnest at the start of the year, the Obama Administration, led by Treasury Secretary Tim Geithner, has implied that the U.S. might default on its publicly held debt. In his press conference today, the President said that “it is not … More

    Washington in a Flash: Another Day of Debt Talks

    Republicans and Democrats left the White House last night without a deal on the debt limit, but they’ll be back at work this morning after a weekend of maneuvering. Expect to learn more at 11 a.m. when President Obama talks to the press. Both houses of Congress are in session … More

    Scribecast: DeMint Says Obama Trying to 'Run Out the Clock' on Debt Talks

    In a Thursday interview with Scribe, Sen. Jim DeMint, R-SC, claimed that President Obama has no real intention of striking a deal with Republicans on the debt ceiling. Rather, he said, the talks between congressional leaders and the White House have been efforts to “run out the clock up against … More

    No More Bad Medicare Policies for a Debt Limit Deal: They Cost Too Much!

    The Hill reports that conservatives in Congress are considering extending Medicaid drug rebates to low-income seniors participating in the Medicare prescription drug program (Part D) as part of a deficit reduction deal to increase the debt limit. Transforming certain federal health programs—i.e., Medicare and Medicaid—is crucial to making a meaningful … More

    Washington in a Flash: Debt Talks

    Yesterday’s debt-limit talks were “very constructive,” according to President Obama. But with party leaders still far apart on a number of issues, Obama will reconvene the group Sunday in hopes of reaching a deal before the administration’s Aug. 2 deadline. Rank-and-file lawmakers are growing impatient with the pace of progress. … More

    Top 10 Reads: July 7, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Addicted to subsidies – Derek Scissors Health-care legislation will take millions off the tax rolls – Brian Blase & Paul Winfree Tax hikes not needed to balance budget – Curtis Dubay … More

    Top 10 Reads: July 5, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. A decent military takes cash – Ed Feulner The Year of School Choice – Wall Street Journal Game on, not over, for parents – Charles A. Donovan Know Your Enemy: Meet … More