There is only one issue this week in Washington - a Continuing Resolution (CR). Both the House and Senate were scheduled to be out of session this week, so there are no major hearings or markups scheduled in committees. Friday is the deadline to pass a CR, therefore expect the House and Senate to convene off and on this week to cut a deal to keep | Read More »
The President will be making a speech today from the Rose Garden (echoes of Carter?) mapping out proposed savings of $3 trillion over the next 10 years. According to the AP, the President’s new plan contains an old idea — massive tax increases: $1.5 trillion in new revenue, which would include about $800 billion realized over 10 years from repealing the Bush-era tax rates for couples | Read More »
Only in Washington can politicians get away with complaining about a government shutdown, while going on vacation for a whole week. Senate Democrats took to the air on Sunday to warn the American people about a government shutdown on March 4th. They argued that the Senate may not agree to the House passed Continuing Resolution (CR), because the bill’s $61 billion in cuts to spending for the remainder of | Read More »
Good for Representative Jim Jordan (R-OH). He is one member of Congress that gets it. Clearly the Tea Party movement has an ally in Congressman Jordan and the Republican Study Committee (RSC). Jordan, the Chairman of the RSC, is pushing for more cuts to the federal budget. They have an amendment to the Continuing Resolution (CR) in the House to cut billions more in spending. The RSC | Read More »
A shorter post today, because nothing much happening on the Hill. The President’s Debt Commission failed to garner the 14 votes out of 18 necessary this morning on the official commission report that would increase taxes by one trillion over the next 10 years. The House passed last evening a bill that would increase taxes on families making more than $250,000 a year. The Senate passed late last | Read More »
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