Todd Zwillich appears in the following:
Thursday, July 28, 2011
Wednesday, July 27, 2011
Despite plenty of drama and public rhetoric in the battle over the U.S. debt ceiling, President Obama and House Speaker John Boehner have not yet reached a compromise. The deadline is looming as is the possibility the country will have to default on its $14.3 trillion of debt. As time marches on, analysts are starting to think seriously about what would happen if no deal can be reached. A vote was expected today in the House on Boehner’s last bid to increase the debt limit and cut spending — but that all fell apart last night when Tea Party Republicans refused to vote for it.
Tuesday, July 26, 2011
President Obama stood before the nation and pleaded with Congress to come to an agreement as soon as possible, in a prime-time speech to the American public last night. "We can't allow the American people to become collateral damage to Washington's political warfare," he said. House Speaker John Boehner immediately followed Obama's speech with his response, agreeing that the debate needs to be resolved, but urging Obama to sign on to the Republican proposal to raise the debt limit.
Monday, July 25, 2011
House Speaker John Boehner is betting that Americans want to cut spending only and not raise taxes. President Obama is betting that Americans see the White House as offering options to Congress — whether or not legislators take any of them. So whose bet will result in a win, whose will be a loss, and how will the gambling impact Americans and the world economy? Todd Zwillich, The Takeaway's Washington correspondent, talks about the latest news and how it's playing out.
Friday, July 22, 2011
There are two major stories in the news both revolving around deals that have been held up by long, entrenched standoffs.
First, the debt debate wages on in Washington. After hours of closed-door meetings with high-level members of Congress, rumors floated around Capitol Hill yesterday that President Obama and Speaker of the House John Boehner were close to reaching a debt deal that would call for as much as $3 trillion in savings.
Wednesday, July 20, 2011
The Takeaway's Washington correspondent, Todd Zwillich, called it correctly on yesterday's show, saying that the Gang of Six — a bipartisan group of senators who have been trying to formulate a deficit-reduction plan for months — would make a comeback. President Obama praised praised the group's proposal yesterday, calling it a "very significant step" toward a budget negotiation.
Tuesday, July 19, 2011
Later today, the House of Representatives will vote on the "cut, cap and balance" plan being pushed by House Republicans as a prerequisite for raising the country's debt ceiling. The plan is expected to pass in the House, where Republicans hold a majority, but will likely die in the Democrat-controlled Senate. President Obama has already said he will veto the bill.
Monday, July 18, 2011
Another weekend has passed with little progress made on reaching a compromise to raise the nation's debt ceiling. This week, Republicans say they'll vote on their new "cap, cut and balance" plan. The plan may get enough support to get past the House, but it's looking less likely in the Senate. Todd Zwillich, Takeaway Washington correspondent, previews what we can expect in the budget battle this week.
Thursday, July 14, 2011
Responding to concerns that lawmakers in Washington will fail to reach an agreement on raising the country's debt threshold, credit ratings agency Moody's placed the U.S.'s credit rating under review for the first time since the federal government shutdown in 1995. The U.S. still risks losing the Aaa rating it has had since 1917, even if lawmakers come to a last minute agreement before the August 2 deadline.
Wednesday, July 13, 2011
As the August 2 deadline to raise the debt ceiling draws closer, there's more talk about the dire economic consequences that will ensue if policy makers in Washington fail to reach an agreement on a budget plan. Senate Republican leader Mitch McConnell says that a bipartisan agreement is not likely to happen, and has proposed a plan in which the president could increase the federal debt limit without Congressional approval.
Tuesday, July 12, 2011
Another shot has been fired in the ongoing negotiations between President Obama and Republican Congressional leaders to raise the nation's debt limit before the August 2 deadline. Obama challenged Republicans in a press conference on Monday, saying that it was time for the GOP to back up rhetoric about tackling the country's long-term debt problems. Republicans leaders have said they will seek a smaller deal with more cuts to social program and no tax increases on the wealthy. Lawmakers will return to the White House for more negotiations this afternoon.
Monday, July 11, 2011
President Obama will meet with Congressional leaders today to try and revive a $4 trillion deal to reduce the deficit and avoid a default on the national debt, a day after Speaker John Boehner rejected any agreement on that scale. Boehner says the parties should aim for a $2 to $3 trillion deal, because a larger deal would require tax increases. But President Obama says a larger deal would be easier to implement. Negotiations continued last night at the White House.
Friday, July 08, 2011
The latest news out of the ongoing negotiations to raise the country's debt limit is that President Obama is putting entitlement reform on the table. But Nancy Pelosi and other Democrats say they were caught completely off-guard by the president's latest proposal, and said that the Party is opposed to including Social Security cuts in any kind of deal. The president says the two sides remain divided and far from finding reaching an agreement, but House Speaker John Boehner says there's a 50-50 chance that they'll be able to arrive at a decision this week. Will the president's dramatic proposal be the catalyst that moves the debt deal forward?
Thursday, July 07, 2011
Yesterday, President Obama held the first ever White House Twitter Town Hall meeting. The president fielded questions from Twitter users (asked in the site's standard 140 characters or less). But the president's answers were anything but concise. In fact, he responded to participants' questions with the same long-winded, professorial rhetoric he's been criticized for throughout his presidency. Obama's ability to address his base and stimulate audiences was perhaps his greatest strength as a candidate in 2008. This begs the question: Why has President Obama failed to properly get his messages across to the American people since then?
Monday, July 04, 2011
Thursday, June 30, 2011
President Obama spoke to the press on Wednesday in his first press conference in three months. He said that Democrats were willing to make compromises on spending, and pushed Republicans to "take on their sacred cows" and agree to tax increases for higher income earners and corporations. But the real sacred cow might be in his veiled threat to ask Congress to stay in session through their August summer holidays, if need be.
Friday, June 24, 2011
House Majority Leader Rep. Eric Cantor (R-Va.) pulled out of talks with Vice President Joe Biden yesterday on whether to raise the nation's debt ceiling. Cantor was seen as a crucial Republican to have in the room. The move is seen to put talks on the fritz, with just weeks before the August deadline that could make the US default on trillions of dollars in debt.
Friday, June 24, 2011
The House of Representatives is set to vote on a resolution to scale back the US military intervention in Libya. House Republicans contend that President Obama violated the War Powers Act, which limits the president's ability to declare war without the consent of Congress. While the proposal will prevent the US military from engaging in direct combat operations in the Libya, it will allow it to continue to supply support and intelligence for our NATO allies.
Wednesday, June 22, 2011
There are potentially three different votes pertaining to Libya happening in Washington this week. House Republicans are set to vote on a proposal that would defund the American military mission in Libya, and Sens. John Kerry (D-Mass.) and John McCain (R-Ariz.) put out a joint resolution on Tuesday authorizing limited use of forces in Libya. The senators are partly responding to critics who say President Obama violated the War Powers Act by not getting the mission in Libya approved ahead of time by Congress. There is also talk of the House putting out its own resolution to remove all troops from NATO operations in Libya.
Monday, June 20, 2011
All the jawing and insult throwing has ceased for the time being as negotiations heat up on Capitol Hill over the debt ceiling. Vice President Joe Biden said there are four meetings scheduled, and "now we're getting down to the really hard stuff." Todd Zwillich, The Takeaway's Washington Correspondent, says Congress would love to get an agreement by the 4th of July—way ahead of the deadline in August.
As Washington tries to get the debt ceiling squared away, the Federal Reserve will meet on Wednesday to discuss interest rates. Housing numbers have been consistently awful for some time now, with no sense of relief in sight. Charlie Herman, economics editor for The Takeaway and WNYC, looks at what we can expect from Wednesday's meeting, and whether or not it's likely that the Fed will decide to leave interest rates close to zero.