Mitch McConnell

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Debt Super Committee an Open Book—for Lobbyists

Influence peddlers get their due

(Newser) - The debt “super committee” tends to meet in secret, won’t disclose its donors or post its documents online, and has turned a deaf ear to calls for greater transparency from good government groups—but it’s an open book to the best connected lobbyists on K Street, Politico...

Did GOP Cross Line With Letter to Bernanke?
Did GOP Cross Line With Letter to Bernanke?
OPINIONs
Sep 21, 2011 1:05 PM CDT

Did GOP Cross Line With Letter to Bernanke?

Some pundits think Republican leaders shouldn't play politics with Fed

(Newser) - The latest political firestorm comes courtesy of the top four Republicans in Congress (Mitch McConnell, John Boehner, Jon Kyl, and Eric Cantor), who wrote a letter to Ben Bernanke urging restraint on the economy. "We have serious concerns that further intervention by the Federal Reserve could exacerbate current problems,...

Paul Ryan: 'Buffett Rule' Amounts to Class Warfare
 Paul Ryan: 
 Obama Waging 
 'Class Warfare' 
TALK SHOW ROUNDUP
Sep 18, 2011 11:13 AM CDT

Paul Ryan: Obama Waging 'Class Warfare'

'Buffett Rule' finds no fan in Budget Committee chair

(Newser) - The so-called Buffett Rule, President Obama's pending plan to raise taxes on the rich named for Warren Buffett , found an outspoken critic in Paul Ryan today, Politico reports. "Class warfare might make for good politics, but it makes for bad economics," the House Budget Committee chairman tells...

GOP Makes Its Debt Super-Committee Picks

Here you go: Hensarling, Camp, Upton, Kyl, Toomey, Portman

(Newser) - We're three-quarters of the way there. The GOP today announced its picks to serve on the debt "super committee," bringing the total number of seats filled to nine. At the top of John Boehner's list is Texan Jeb Hensarling, who will co-chair the committee with Democratic...

Senate Passes Bill to Raise Debt Ceiling, Sends It to President Obama
 Senate 
 Passes 
 Debt Deal 
Aug 2, 2011 11:46 AM CDT

Senate Passes Debt Deal

No surprises as bill goes to Obama for his signature

(Newser) - Just one more step to go now: The Senate passed the debt ceiling bill this afternoon as expected and sent it along to President Obama for his quick signature, reports MSNBC . The legislation, which passed 74-26, allows the ceiling to be raised just ahead of the midnight default deadline. It...

Mitch McConnell, Tea Party, President Obama Winners in Debt Deal: Chris Cillizza
 Debt Deal's 
 Winners 
 and Losers 
analysis
Aug 1, 2011 7:57 AM CDT

Debt Deal's Winners and Losers

Mitch McConnell, Tea Party at the forefront: Chris Cillizza

(Newser) - The debt-deal dust has yet to settle, but that's not stopping anyone from analyzing its political consequences. In the Washington Post , Chris Cillizza notes the winners:
  • Mitch McConnell was “the Mariano Rivera of the debt deal. He waited until the game was in its final moments, came onto
...

Schumer: Deal Isn&#39;t Quite Done, but &#39;Relief&#39;
 Schumer: 
 Deal Isn't 
 Quite Done, 
 but 'Relief' 
TALK SHOW ROUNDUP
Jul 31, 2011 11:00 AM CDT

Schumer: Deal Isn't Quite Done, but 'Relief'

Guess what's on everybody's mind this morning?

(Newser) - The end of Congress' tortured debt ceiling machinations isn't here yet, but it's in sight, says top Democratic negotiator Chuck Schumer, while adding that "It's premature to talk about any specifics." Schumer emphasized to State of the Union that the deal will be politically difficult...

Mitch McConnell: Debt Deal 'Very Close'
 McConnell: 
 Debt Deal 
 'Very Close' 
'WE WILL AVOID DEFAULT'
Jul 31, 2011 8:41 AM CDT

McConnell: Debt Deal 'Very Close'

Says legislators 'had a very good day yesterday'

(Newser) - Good news, if you're the US economy: Mitch McConnell says a debt ceiling deal is "very close," reports Politico. Speaking on CNN's State of the Nation this morning, the Senate minority leader said lawmakers yesterday made "dramatic progress" on a two-step, $3 trillion agreement that...

Sign of Hope? Harry Reid Postpones Debt Vote

It's now scheduled for Sunday afternoon as talks intensify

(Newser) - It's either a sign that a last-minute deal is truly in sight or one last tease: Harry Reid has postponed a 1am procedural vote on his plan to raise the debt ceiling until tomorrow afternoon, reports the Hill . Reid says the delay is intended to give negotiations with Republicans...

McConnell: 'Our Country Is Not Going to Default'

But Harry Reid isn't as optimistic about a deal

(Newser) - The debt deal may rest on the shoulders of Mitch McConnell and Harry Reid , but the two can't seem to agree on how optimistic to be. At a mid-afternoon press conference, McConnell sounded like a deal was in the offing. “Our country is not going to default for...

McConnell Calls Reid Plan Doomed in Senate
 Tit for Tat: House 
 Rejects Reid Plan 
UPDATED
Jul 30, 2011 2:19 PM CDT

Tit for Tat: House Rejects Reid Plan

Mitch McConnell, meanwhile, says it's doomed in the Senate

(Newser) - It's Harry Reid's turn to hit legislative turbulence. The House today rejected the Senate leader's plan to raise the debt ceiling in a move seen largely as symbolic, reports AP . The real fight, however, is taking place in the Senate, where GOP Minority Leader Mitch McConnell delivered...

Default Deadline in Hands of McConnell, Reid Now

Pressure on Senate leaders to find a way

(Newser) - With all eyes on the Senate this weekend, one name keeps cropping up as pivotal deal-maker: Mitch McConnell. Politico and the Wall Street Journal see the Senate minority leader as key to any potential compromise that could be struck as Harry Reid's bill winds through the Senate. As Democratic...

GOP, Dems in Different Worlds
 GOP, Dems in Different Worlds 
Jul 28, 2011 7:27 AM CDT

GOP, Dems in Different Worlds

Could Joe Biden and Mitch McConnell save the day?

(Newser) - Harry Reid and John Boehner each made progress in their quest for votes yesterday—but that actually drove them further away from a compromise. House Republicans and Senate Democrats “seemed to operate in alternate realities,” the New York Times observes, with each sure the other would eventually cave...

Boehner Delays Vote After CBO Says Plan Falls Short

House speaker reworking debt measure to meet projections

(Newser) - John Boehner's debt ceiling plan has had a lousy day: In the latest setback, the Congressional Budget Office says it doesn't cut as much as Boehner thought—the CBO puts the figure at $850 billion over a decade, instead of the $1.2 trillion promised by the House...

Senate Likely to Vote on McConnell Debt Deal

They'll also vote on a balanced budget amendment

(Newser) - Mitch McConnell and Harry Reid are busily hammering out a debt ceiling Plan B, and are likely to put it to a vote in the coming week, senior Democratic aides tell Reuters . It would be based on McConnell's widely panned plan to allow Democrats to raise the ceiling, but...

Why Hogwarts is Better Than Washington
 Why Hogwarts is Better 
 Than Washington 
OPINION
Jul 15, 2011 1:48 PM CDT

Why Hogwarts is Better Than Washington

David Rothkopf on the dark magic afoot in the capital

(Newser) - In honor of Harry Potter’s last cinematic outing—and the debt ceiling negotiations playing out in Washington—David Rothkopf of Foreign Policy has come up with a list of the top 10 ways Washington is worse than Hogwarts:
  • Peter Pettigrew was only a rat sometimes. Unlike politicians like Mitch
...

Stewart: Mitch McConnell 'Ruins Magic'

Daily Show host weighs in on debt ceiling talks

(Newser) - Jon Stewart offered a fairly hilarious rundown of the debt ceiling negotiations on the Daily Show last night, starting with the stakes: “If we don’t raise the debt ceiling by Aug. 2, man will be sentenced to an eternity of licking our own pets' genitals,” he declared....

'Decision Time': McConnell, Reid Work on Plan B

Standard & Poor's threatens to downgrade US credit, too

(Newser) - With negotiations looking more hopeless than ever, a modified version of Mitch McConnell's backup plan is starting to get some serious traction, reports the Wall Street Journal . Conservatives originally swatted down McConnell's idea—basically giving President Obama the ability to raise the debt ceiling by $2.4 trillion...

EJ Dionne: President Obama Has the 'High Ground' in Deficit Debate; Faces Challenge from Eric Cantor
 Obama Has 
 'High Ground' 
 in Deficit Fight 
ej dionne
Jul 14, 2011 10:12 AM CDT

Obama Has 'High Ground' in Deficit Fight

But he'd better watch out for Eric Cantor

(Newser) - President Obama has “called Republicans’ bluff on the debt,” writes EJ Dionne in the Washington Post . With a little help from Eric Cantor, Obama has shown that Republicans’ top goal has nothing to do with the deficit—instead, they want to maintain low taxes on corporations and the...

Obama on Debt Talks: 'I Will Not Yield'

...even though 'this may bring my presidency down'

(Newser) - We already knew last night's debt talks did not go well —but not only did President Obama leave "abruptly," he really put his foot down, Talking Points Memo reports: "I have reached the point where I say enough," he said, according to those present....

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