This recent debt ceiling deal proves the best way for the Republican Party to get what they want from the Democrats and President Obama is to take metaphorical hostages. At this point for the GOP to try negotiating for new laws through the traditional legislative process would be beyond stupid given how effective the tactic [...]

Live on CSPAN2 now Liveblog: 10:13 – Reid: Senate will resume at 12 noon tomorrow.  If cloture is not invoked, debate will continue on the Reid amendment. 10:07: Reid – There are negotiations going on right now at the White House. We want to give everyone as much space as possible to reach an agreement, [...]

Video: McConnell and Reid spar over vote on Reid amendment today

With Speaker John Boehner’s plans in the House in disarray, it looks like the only legislative vehicle that still has a chance of passing before August 2nd is some form of Senate Majority Leader Harry Reid’s plan. The most likely path for the Reid plan passing Congress is by getting most of its support form [...]

Currently President Obama’s job approval rating stands at only 40 percent according to the latest Gallup poll. This is the lowest support Gallup has yet found in their polling. From Gallup: Part of the problem for the President is the likely the result of the debt ceiling fight, which has made the American public very unhappy with [...]

With only four days left until the August 2nd deadline and no deal in hand, more and more of the top Congressional Democrats have been coming out in support of the President using the 14th Amendment to ignore the debt ceiling. Yesterday the House’s second ranking Democrat Steny Hoyer (D-MD) came out strongly in favor [...]

Yesterday, after hours of last minute whipping, Speaker John Boehner was forced to pull his debt ceiling vote from the House floor because he couldn’t get enough ultra-conservative members of his caucus to vote for it. This failure on Boehner’s part makes little sense to me. President Obama and Senate Majority Leader Harry Reid both [...]

The debt ceiling package put forward by Speaker John Boehner would increase the nations borrowing limit by $1 trillion, which would cover borrowing for about another six months. On the other hand Senate Majority leader Harry Reid’s plan would raise the debt ceiling by $2.7 trillion, which means it would about a year and a [...]

With Congress possibly unable to pass a debt ceiling increase by August 2nd, the push for President Obama to use the 14th amendment grew significantly today. From The Hill: Addressing the Democratic Caucus Wednesday morning, Rep. James Clyburn (S.C.) the third-ranking House Democrat, told members that Obama should veto any short-term debt-limit increase that lands [...]

One of the biggest battles over raising the debt ceiling at this moment seems to be whether any debt ceiling increase will last until after November 2012 or will it require another vote on the debt limit before the election. Speaker John Boehner’s (R-OH) plan would require the debt ceiling to be raised again in [...]