National Journal: The details of the debt deal still being hammered out Sunday night allows the United States to avert an historic default if it survives tough votes in Congress. That’s enough to bring great relief to the White House. But no cheers. The months-long melodrama leaves President Obama weakened politically and potentially constrained as [...]
The Hill: The House on Monday approved bipartisan legislation to raise the $14.3 trillion debt ceiling and reduce long-term budget deficits, endorsing the agreement President Obama struck with Republican leaders. The vote also featured the surprise and emotional return of Rep. Gabrielle Giffords, the Arizona Democrat who survived an assassination attempt earlier this year. She [...]
The Hill: Senate liberals and conservatives on Monday blasted a bipartisan deal to raise the debt limit, but sources say a greater number of colleagues want to pass it and avert a national default. Lawmakers and aides say the bill will easily pass the Senate. If there’s any drama, it will play out in the [...]
WASHINGTON (Reuters) – The White House and congressional leaders scrambled for enough support from skeptical lawmakers on Monday to push through an 11th-hour deal to raise the U.S. borrowing limit and avert a devastating debt default. Just one day before the deadline to lift the nation’s debt ceiling, the Democratic-led Senate appeared on track to [...]
Washington Post: By Rosalind S. Helderman, Monday, August 1, 9:09 AM The deal struck by the White House and congressional leaders to raise the nation’s debt ceiling has the feel of a classic compromise, full of give and take. There is no requirement for a balanced budget amendment, no second showdown over the nation’s borrowing [...]
WASHINGTON (AP) — The newly struck debt-ceiling compromise between President Barack Obama and the Republican leaders of Congress represents a historic accomplishment of divided government, with all the disappointment that implies for the most ardent partisans inside the two major parties and out. But it marks an accomplishment nonetheless between a Democratic president elected in [...]
(Reuters) – The tentative deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup. The plan for $2.4 trillion in spending cuts over a decade, if backed by [...]
The Telegraph: Internet Explorer users ‘have below-average IQ: Users of the most popular web browser, Internet Explorer, tend to have lower-than-average IQ, according to a survey of online habits. PC World reports that a “psychometric consulting” firm called AptiQuant gave free online IQ tests to 100,000 people, and then plotted the scores against the browser [...]
Fox News: “Obama and Leaders Reach Debt Deal,” hailed the New York Times.”White House, Congressional leaders reach deal,” said the Washington Post.”Debt deal: Obama, Hill leaders break through,” proclaimed Politico. President Obama on one side of the table. Bipartisan Congressional leaders on the other. But even though those sides conducted most of the negotiating, they [...]
CNBC: Stocks fell into negative territory, erasing an early rally Monday after ISM manufacturing index hit its lowest level since July 2009 and amid worries the nation’s rating may still be downgraded despite a debt deal. Stocks opened sharply higher after top U.S. lawmakers sealed a deal to raise the debt ceiling one day ahead [...]
