Today, House Speaker John Boehner offered a counteroffer to the White House’s insulting fiscal cliff offer, which would have increased taxes by $1.6 trillion, raised spending, and indefinitely suspended the debt ceiling. Boehner’s offer would have included $800 billion in
While several House Republicans have publicly stated they’ll break a promise to not raise taxes amid the fiscal cliff negotiations, Kansas Republican Rep. Tim Huelskamp has a different idea. He wants Republicans to join him in proclaiming reaffirmed commitments to
(AP) Stocks edge lower after weak manufacturing reportBy STEVE ROTHWELLAP Business WriterNEW YORKStocks edged lower on Wall Street Monday after a surprisingly weak manufacturing report heightened concern that fiscal deadlock in Washington is already hurting the economy. The Dow Jones
House Speaker John Boehner says he was “flabbergasted” when Treasury Secretary Tim Geithner (GYT’-nur) pitched the White House plan to save the nation from the “fiscal cliff.”
(AP) Boehner tells Geithner, ‘You can’t be serious’WASHINGTONHouse Speaker John Boehner says he was “flabbergasted” when Treasury Secretary Tim Geithner (GYT’-nur) pitched the White House plan to save the nation from the “fiscal cliff.” Boehner tells “Fox News Sunday” that
AP: House Speaker John Boehner says bargaining between White House officials and congressional leaders to avoid the fiscal cliff has gone “almost nowhere.” (Nov. 30)
Treasury Secretary Timothy Geithner, President Barack Obama’s point man on the fiscal cliff negotiations, presented Republican leaders a proposal to avoid the fiscal cliff on Thursday, which gives Obama unprecedented powers to raise the debt ceiling whenever he wants. The
The Hill published a report Wednesday that ought to warm the hearts of all fiscally responsible Republicans and, perhaps, give hope that GOP Speaker John Boehner will hold to his pledges on taxes during these fiscal cliff talks with the White
As the clock ticks and we watch the various players move their pieces into place, it’s becoming increasingly obvious that Republicans are in a no-win situation. They’re ether going to have to cave and agree to a tax increase without meaningful
President Barack Obama’s allies — like Warren Buffett — have said if the top tax rate is raised, the income threshold should be as well. But House Democrats are united in backing tax hikes for those making above $250,000. In
For the record, I’m all in favor of going over the fiscal cliff. I’m willing to pay higher taxes for a few months in order to get a better deal on spending cuts and to save the soul of the
House Speaker John Boehner (R-OH) is calling in the big public relations guns: former co-chairman of Obama debt commission Erskine Bowles. Bowles has long been an advocate of entitlement reform, recognizing that Americans entitlement programs are unsustainable in the mid-
Today, Speaker of the House John Boehner (R-OH) rejected an attempt by Rep. Tom Cole (R-OK) to leverage the Republicans into supporting a bill that would only maintain current tax rates for those earning less than $200,000 per year. Obama
(AP) Trouble not over for Jesse Jackson Jr.By HENRY C. JACKSON and SOPHIA TAREENAssociated PressCHICAGOJesse Jackson Jr.’s resignation from Congress might end his once-promising political career but it doesn’t mark the end of troubles for the civil rights icon’s son.
Today, House Speaker John Boehner made an aggressive opening move in the negotiations over the so-called fiscal cliff: he said that Obamacare had to be on the table in terms of cost-cutting. Them’s fightin’ words. In an editorial in the
Chicago Tribune:Rep. Jesse Jackson Jr. will announce his resignation from Congress “momentarily” in a letter to House Speaker John Boehner, Jackson’s brother Jonathan Jackson said. He spoke to the Chicago Tribune by telephone. The congressman could not be reached for
CHICAGO, Nov. 21 (UPI) —U.S. Rep. Jesse Jackson Jr., D-Ill., plans to resign Wednesday, Jackson’s brother Jonathan said. Jackson, who has been on medical leave since June has been receiving treatment at the Mayo Clinic in Minnesota for bipolar disorder.
(Reuters) – Two leading U.S. economists expressed deep pessimism on Friday that politicians in Washington will be able to strike a deal to rein in America’s soaring national debt. Sheila Bair, the former chairman of the Federal Deposit Insurance Corporation,
Rep. Don Young (R-Alaska), who was promoting an amendment to House GOP rules that would have made it easier to use earmarks, has withdrawn his idea after House Speaker John Boehner (R-Ohio) bluntly stated his opposition. Young’s amendment would have
CNBC: The Mayans may not be right about the world ending by the end of 2012, but the next month and a half is looking a lot more panic-stricken than celebratory. The ongoing fight over the “fiscal cliff” may overshadow
House Budget Committee chair Rep. Paul Ryan (R-WI) has rejected President Barack Obama’s demand to raise taxes as part of Obama’s proposal to achieve $1.6 trillion in additional tax revenues to avoid the “fiscal cliff.” Instead, Ryan backed Speaker John
President Barack Obama has responded to House Speaker John Boehner’s gesture last week towards reaching a deal to avoid the Jan. 1 “fiscal cliff” of tax hikes and spending cuts, putting a specific demand on the table: $1.6 trillion in
Scott Horsley of National Public Radio is a big fan of President Barack Obama–and is cheerleading for Obama’s attempt to get Republicans to agree to new tax hikes on the rich. His latest effort involves misusing exit poll data to
Republicans and Democrats may end some of the the oil industry’s biggest tax breaks during the fiscal cliff negotiations in Congress. House Speaker John Boehner (R-Ohio) has indicated oil industry tax breaks will be on the table during the upcoming
President Barack Obama says he won’t accept a plan to avert the so-called fiscal cliff that doesn’t ask the wealthy to pay more in taxes. But House Speaker John Boehner says Congress should not raise tax rates on Americans.
