Senate Republicans mounted a bold offensive today against President Obama’s effort to force them to accept a tax hike as part of a bipartisan agreement to raise the debt limit.Read more
Senate Republican leader Mitch McConnell challenged President Obama’s claim to support trillions in serious spending cuts as part of a deal to raise the debt ceiling – cuts the president says show he’s ready to anger Democrats to get a deal.Read more
Senate minority leader Mitch McConnell (R-Ky.) said this morning that Congress will not raise taxes this year to reduce the budget deficit, favoring instead a pro-growth agreement as a solution to debt ceiling debate.
“I think I can safely say this Congress is not going to raise taxes,” McConnell said. “So why are we still talking about this?” McConnell argued that if Congress wanted to raise taxes, the simplest way would be to increase them on those individuals making over a million dollars a year.Read more
Senate Republican leader Mitch McConnell will vote against increasing the debt limit unless President Obama agrees to spending cuts and long term reforms that satisfy the bond market, as well as foreign investors, and “astonish the American people.”Read more
The Ben Bernanke word cloud: "For bonus points try to find the word 'jobs' in there."Read more
In remarks on the Senate floor, Minority Leader Mitch McConnell backs up his Republican colleagues in the House:
“Today, the Chairman of the House Budget Committee, Congressman Paul Ryan, is releasing a serious and detailed plan for getting our nation’s fiscal house in order.Read more
The top Republicans in each house of Congress are making the case, in their respective ways, that the holdout on passing a budget for Fiscal Year 2011 is Harry Reid and the Democratic majority in the Senate. Politico reports on the John Boehner strategy:
House Speaker John Boehner appeared in front of reporters and television cameras for a fourth straight day, an unusual move for Boehner, to say that he has not agreed to any compromise to prevent a shutdown on April 8 —just seven days away.Read more
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