From The Associated Press: Credit rating agency Standard & Poor’s on Friday downgraded the United States’ credit rating first time in the history of the ratings. The credit rating agency said that it is cutting the country’s top AAA rating
Today, in 1981, President Ronald Reagan fired 11,000+ air traffic controllers who had walked off their jobs on an illegal strike.
It’s almost expected anymore when the media does it but our elected officials aren’t supposed to turn on the constituency with bullying tactics. From the St. Louis Tea Party: ST. LOUIS TEA PARTY CONDEMNS “TERRORIST” REMARKS FROM VICE-PRESIDENT BIDEN, LAWMAKERS
Today, in 1944, a Dutch informant led the Gestapo to Anne Frank’s hideaway. Neither she nor her family would survive the war. The informant, however, probably lived a long and, hopefully, miserable life.
From AFP: US debt shot up $238 billion to reach 100 percent of gross domestic project after the government’s debt ceiling was lifted, Treasury figures showed Wednesday. Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed
From FoxNews: David Brock, chairman and chief executive of Media Matters for America, told a news website earlier this year that his nonprofit is now moving to “sabotage” FOX News because it says the network is now the “de facto
Today, we reached out to John Rizzo, business manager of IBEW Local 1220 and asked for his reaction to President Obama’s birthday bash being staffed by non-union labor. His response: As President Obama’s 50th birthday celebration is being held in
Today, in 1492, Christopher Columbus set sail from Spain in search of a western route to India. We ended up discovering North America.
From The Associated Press: President Barack Obama has signed legislation to increase the nation’s borrowing authority and avert a potentially catastrophic government default. Obama signed the bill privately in the Oval Office little more than an hour after the Senate
So, today is one of those full of history: In 1610, Henry Hudson discovered Hudson Bay; in 1869 in Japanese Samurai class was abolished; in 1934 Hitler became Furher of Germany; in 1937 Marijuana was made illegal; in 1939 Albert
From The Associated Press: The deal reached by Congress to raise the debt ceiling and cut more than $2 trillion in public spending should have only a minor impact on the economy for the next two years. Almost all the
With more than 90 votes from Democrats, the House has passed the recently announced deal to hike the debt ceiling. From The Associated Press: With barely a day to act, the polarized US House of Representatives have approved a massive
He seems to have done it. President Obama has brought together Congressional Leadership and struck a deal to hike the debt ceiling. While the Federal Government had been expected to spend somewhere around $50-70 trillion over the next decade, it
From The Associated Press: Ending a perilous stalemate, President Barack Obama and congressional leaders announced historic agreement Sunday night on emergency legislation to avert the nation’s first-ever financial default. The dramatic resolution lifted a cloud that had threatened the still-fragile
From Major Garrett at National Journal: In many respects, the deal will, if approved by all parties, resemble the contours of a short-lived pact negotiated last weekend by House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev.
Today, the U.S. Senate is the focus of the debt on hiking the debt ceiling. We are not encouraged.
From The Associated Press: First word of an effort to reach a compromise came at mid-afternoon from Senate Republican Leader Mitch McConnell and House Speaker John Boehner–Obama’s principal Republican antagonist in a contentious new era of divided government. Both GOP
From CNBC: I just got off the phone with a source on Capitol Hill who has spent the past few days trying to convince Republicans to vote for a debt ceiling hike. He told me that the biggest obstacle he
A screenshot taken yesterday of the White House website:
From The Associated Press: Riven by partisanship, the Republican-controlled House approved emergency legislation Friday night to prevent a threatened government default and bundled it off to swift and certain defeat in the Senate. “We are almost out of time” for
From Reuters: The data was released Friday along with the government’s first estimate of second quarter GDP, which advanced at a meager and weaker-than-expected 1.3 percent rate Not only did the economy skirt perilously close to a contraction in the
Will he or won’t he? Should he or shouldn’t he? The eyes of the world’s financial markets will be on DC today. In our next life, we hope to live in a world where the GOP realizes that the Left
From The Associated Press: An intensive endgame at hand, Republican leaders abruptly postponed a vote Thursday night on legislation to avert a threatened government default and slice federal spending by nearly $1 trillion. “The votes obviously were not there,” conceded
From The American Independent: A Lansing medical marijuana dispensary is offering medical marijuana patients a choice of a half a gram of medical pot or a marijuana-laced baked good called a “medible” in exchange for registering to vote. On the
From The Associated Press: A fast-approaching deadline is bound to heighten anxiety. That’s what happening on Wall Street as investors grow increasingly uneasy about the political stalemate over raising the nation’s debt ceiling. The Dow Jones industrial average has closed
Today, in 1914, Austria-Hungary declared war on Serbia. Within weeks Europe would be engulfed in World War I.
From Politico: Rep. James Clyburn and a group of House Democrats are urging President Barack Obama to invoke the 14th Amendment to raise the debt ceiling if Congress can’t come up with a satisfactory plan before the Tuesday deadline. Clyburn,
Today, in 1953, the United States, China and North Korea signed an armistice, halting fighting in the Korean War. No peace treaty has been signed.
From The Financial Times: George Soros, the billionaire hedge fund manager best known for defeating the Bank of England on “Black Wednesday” in 1992, is to close his Quantum fund to outside investors and hand back the remaining outside capital.
From The Associated Press: Democratic Rep. David Wu of Oregon announced Tuesday that he will resign amid political fallout from an 18-year-old woman’s allegations she had an unwanted sexual encounter with him. Within days of the allegation, Democratic leaders requested
The House GOP and the Senate Democrats are crafting a plan on the debt ceiling. The White House is AWOL. So much for leadership.
From The Associated Press: Decrying a “partisan three-ring circus” in the nation’s capital, President Barack Obama criticized a newly minted Republican plan to avert an unprecedented government default Monday night and said congressional leaders must produce a compromise that can
From Jennifer Rubin in The Washington Post: A Republican aide e-mails me: “The Speaker, Sen. Reid and Sen. McConnell all agreed on the general framework of a two-part plan. A short-term increase (with cuts greater than the increase), combined with
Today, in 1965, Bob Dylan went electric at the Newport Folk Festival. It was the beginning of the end of the Hippies, even if they didn’t realize it.
From Byron York in the Washington Examiner: 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,
Today, in 1929, diplomats from around the world signed the Kellogg-Briand Pact, which repudiated war as a matter of policy. From that day forward, according to the international community, wars would never be fought again. So, we have that going
From The Financial Times: Barbara Mikulski, Democratic senator from Maryland, best captured the turn of events in the critical US debt talks. After emerging from a lunch meeting on Thursday with members of her party and Jack Lew, the White
From Politico: Rep. David Wu has been accused of an “unwanted sexual encounter” with the teenage daughter of a longtime friend, the latest scandal to engulf the troubled Oregon Democrat. The Oregonian reported that the 56-year-old Wu “acknowledged a sexual
From The Associated Press: The roller-coaster debate over raising the nation’s debt limit has forced the White House to explain away, brush aside or even ignore declarations by President Barack Obama and aides that no longer served much purpose in
Talks over lifting the debt ceiling have broken down. President Obama is a totally unserious leader. Should make for an electric week. (Happy Birthday, Dad.)