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As White House talks falter, Senate works on framework to raise debt limit - The Washington Post
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Democrats Reid and Schumer say Eric Cantor is a stumbling block to an agreement on the debt ceiling and deficit reduction. Plan B suggested by Senate Minority leader Mitch McConnell, and supported by Senate Majority leader Reid, includes setting up a debt reduction panel of 12 members from both parties to draft a long term framework for reducing the national debt. The new debt committee would have a deadline to make recommendations, probably by the end of 2011. The recommendations would then be fast tracked through the House and the Senate without amendments. The McConnell plan is to separate the task of raising the debt ceiling from talks on deficit reduction.
The events in the 2011 U.S. deficit reduction and debt ceiling talks between the Obama White House and Republicans
07/13/2011
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Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
Mitch McConnell's strategy in his debt ceiling initiative in mid 2011
07/13/2011
McConnell's twin goals of regaining Republican control of the Senate and preventing the re-election of Obama. How the debt ceiling plan he has offered fits in with this. His fears that a default on the U.S. debt could hurt Republicans as it did the last time this happened, when Clinton was re-elected. His plan would separate raising the debt ceiling limit from deficit reduction talks.
Grouped Articles
Wall Street Journal 07/13/2011
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Wall Street Journal 07/14/2011
The Republican Case for Compromise Over the Debt Ceiling
New York Times 07/13/2011
Raising the U.S. Debt Limit Ceiling in 2011
04/19/2011
Deficit reduction negotiations between the White House and the Republicans in July 2011.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
New York Times 10/20/2013
No Plan B if Debt Ceiling Not Raised
Wall Street Journal 05/18/2011
House rejects proposal to raise debt ceiling - The Washington Post
Washington Post 06/01/2011
New York Times 06/01/2011
Democrats and political deals over U.S. budget cuts in entitlements and Social Security- 2011-2013
07/07/2011
The negotiations between the Obama White House and Republicans in July 2011 on raising the debt ceiling for the U.S. Skepticism among Democrats about the nature of the deal the Obama White House is about to reach with Republicans. The New York Times in an editorial suggests the use of a constitution provision to avoid deep cuts. Lawrence Tribe, a constitutional scholar points to the weakness in this approach in an op-ed piece in the New York Times on the same day, July 8, 2011.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
Wall Street Journal 10/10/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
Budget Discord Simmers Among Democrats
Wall Street Journal 10/21/2013
Entitlement Cuts Divide Democrats
Wall Street Journal 07/08/2011
How Tweaking Benefits Would Work
Wall Street Journal 07/08/2011
The U.S. political system, politics and the U.S. Deficit in 2010-2013
12/30/2010
Republican positions that do not require offsets for tax reduction, and Democratic positions that go along with the status quo. The politics behind the debt ceiling talks as President Obama seeks re-election and advantage going into the election, and the conservative Republicans oppose any tax increases.
Grouped Articles
Budget Shell Games Are Contrary to Law
Wall Street Journal 07/14/2011
GOP Hopefuls Betting Voters Want Deep Cuts
Wall Street Journal 07/18/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Bob Woodward: The inside story of how Obama and Boehner negotiate - The Washington Post
Washington Post 09/07/2013
Wall Street Journal 10/10/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
The U.S. Constitution provision in the Fourteenth Amendment and the U.S. debt ceiling
07/07/2011
Constitutional scholar Lawrence Tribe says the President would be violating powers given to Congress on public debt if he were to ignore the debt ceiling by citing the constitution. Even if the issue was then resolved by the Supreme Court the damage will have been done as interest rates on U.S. debt would have jumped by then. Tribe quotes Justice John Marshall that "the constitution is not a panacea for every blot on the public welfare." And suggests that Obama's own words about the constitution's function being " to force us into a conversation" about the future," show that the direction to take is to go back to working out the debt ceiling agreement through talks.
Grouped Articles
We Cannot Pretend the Debt Ceiling Is Unconstitutional
New York Times 07/07/2011
The Elmendorf Rule - The Washington Post
Washington Post 07/09/2011
Mr. Obama’s debt deal advice: Give peas a chance - The Washington Post
Washington Post 07/12/2011
Wall Street Journal 07/12/2011
Debt Talks Reflect Tensions Between GOP Leaders
Wall Street Journal 07/12/2011
Budget Talks Beginning to Take On a Testy Air
New York Times 07/11/2011
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