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Debt-limit debate: House passes revamped bill; Senate immediately tables it - The Washington Post
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Republican Senators Corker and Blount are confident that a solution can be devised for the sticking points on a deal between the Republicans and the Democrats. The Republicans consider the savings in the Reid plan from the wars in Afghanistan and Iraq a "gimmick," but essentially the Reid and Boehner plans say analysts are similiar in the inital cuts in spending. The sticking point for Democrats is on the whole process of the debt ceiling extension having to be redone in early 2012. For Republicans the sticking point is in in tax increases which the Reid plan leaves out in the initial period for debt limit extension into 2013 when a new president takes office. House majority leader Boehner is facing opposition within his party and this restricts his leeway for striking a deal- the Boehner plan passed in the House by a vote of 218 to 210 on July 29, 2011, with 20 Republicans voting no. It was voted down in the Senate that same evening with a vote of 59 to 41, with 6 Republican senators joining all 53 Democratic senators. As it stands now, the weekend before the August 2 deadline, President Obama concedes that there is "rough agreement" about the size of the first round of spending cuts, and the "next step" to rein in borrowing. He went on to say that "if we need to put in place some kind of enforcement mechanism to hold us all accountable for making these reforms, I'll support that too, if it is done in a smart and balanced way." Its the design of this enforcement mechanism that is the main point in the remaining negotiation. The nature of the committee selected from both parties for the next phase of savings, its powers and the trigger in the sense of what it can ensure happening if no decisions are taken by both parties.
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.
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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
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
Senate Democrats and the Obama White House proposals for large tax increases in the 2011 deficit reduction talks
07/13/2011
The politics of the debt ceiling talks and how it involves both Republicans and Democrats.
Grouped Articles
Wall Street Journal 07/13/2011
Why we need a third party - The Washington Post
Washington Post 09/26/2011
Budget Discord Simmers Among Democrats
Wall Street Journal 10/21/2013
Wall Street Journal 07/15/2011
Post-ABC poll: GOP too dug in on debt talks; public fears default consequences - The Washington Post
Washington Post 07/20/2011
Threat of Mutiny in Both Parties Helped Scuttle Talks
Wall Street Journal 07/23/2011
The events in the 2011 U.S. deficit reduction and debt ceiling talks between the Obama White House and Republicans
07/13/2011
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
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
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
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
Post-ABC Poll on the Debt Ceiling and Deficit Reduction talks of June-July 2011
07/13/2011
The poll sees public discontent with the lack of compromise from Republicans and Democrats. About 63% of respondents say they would be looking for new faces in Congress. A majority of Republican respondents say they favor higher taxes on the wealthiest Americans.
Grouped Articles
Wall Street Journal 07/13/2011
Post-ABC poll: GOP too dug in on debt talks; public fears default consequences - The Washington Post
Washington Post 07/20/2011
Threat of Mutiny in Both Parties Helped Scuttle Talks
Wall Street Journal 07/23/2011
Working With New Script to Stop a Train Wreck
New York Times 07/24/2011
Q. and A. on the U.S. Debt Ceiling
New York Times 07/27/2011
New York Times 07/28/2011
The Boehner and Reid plans for U.S. deficit reduction one week before the Aug 2, 2011, debt ceiling deadline
07/13/2011
The politics behind competing factions, moderate Republicans Boehner and McConnell, Cantor and freshman Republicans, Reid and Pelosi Democrats, and the Obama White House, as they wrestle with the deficit. The political calculations and perceptions of each faction for the 2012 presidential elections.
Grouped Articles
Wall Street Journal 07/13/2011
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
Boehner Urges G.O.P. Unity in âEpic Battleâ
New York Times 10/04/2013
Why Democrats Are Dug in on Shutdown Impasse
Wall Street Journal 10/14/2013
Congress Passes Debt, Budget Deal
Wall Street Journal 10/17/2013
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
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