The tantrum continues

 Posted by at 14:20  Politics, Republicans
Jul 302011
 

And so the temper tantrum continues…

Congressional leaders struggle to work out bipartisan debt deal

With just three days to go before Congress’s deadline to raise the debt ceiling and avoid sending the country into default, leaders continued to struggle Saturday to work out a bipartisan deal that can pass both chambers and be signed into law by President Obama.

Senate Minority Leader Mitch McConnell (R-Ky.) delivered a letter Saturday afternoon to Majority Leader Harry M. Reid (D-Nev.), signed by 43 Republicans, declaring that Reid’s debt-limit legislation was unacceptable.

Needing 60 votes to clear a filibuster hurdle, Reid’s current draft is assured of failure in a 1 a.m. vote Sunday. McConnell demanded that President Obama re-engage in negotiations. “It isn’t going to pass,” McConnell said Saturday in a floor speech. “Let’s get talking to the administration.”

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UPDATE: The Senate vote that had been scheduled for 1 a.m. Sunday morning has now been moved to 1 p.m. Sunday afternoon. The clock is ticking.
 

Weekly Address 07-30-11

 Posted by at 10:58  Politics
Jul 302011
 

“Compromise on Behalf of the American People”

From the White House weblog:

In this week’s address, President Obama urged both Republicans and Democrats to take action to avoid defaulting for the first time in our nation’s history. While the two parties are not far apart in their goals, they must resolve their differences quickly so that the United States can continue paying its Social Security checks, veterans’ benefits, and contracts with thousands of American businesses. The time has come to stop endangering the Triple A bond rating of the United States, put aside partisan politics, and behave responsibly to ensure a balanced approach to reducing our nation’s deficit.

Click below to listen to the audio only:

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Transcript after the break.

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