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Debt Ceiling

It's A Free Country ®

What We Learned from Obama's Debt Address: He's Digging In and Looking for Back Up

Tuesday, July 26, 2011

A game of chicken. A standoff. Gridlock. Slow-motion collision. 

With a week to go, the metaphors are flying as President Obama and House Speaker John Boehner both dug in their heels in nighttime addresses to the American people. They repeated their cases, again, and blamed the other side for standing in the way of a deal, again. And if a new poll is any indication, this approach isn't doing anybody in Washington any favors. 

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The Takeaway

Obama Urges Compromise in Debt Talks

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.

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It's A Free Country ®

Watch and Tweet Live: Obama on Debt Talks, Boehner Responds

Monday, July 25, 2011

President Obama will address the nation tonight at 9pm, giving insight into the stalled talks on the Capitol to resolve and impasse over raising the federal debt ceiling. House Speaker John Boehner (R-Oh), follows with a two minute rebuttal.

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WNYC News

Bloomberg: Debt Ceiling Standoff Is 'Damaging Our Economy'

Monday, July 25, 2011

WNYC

For the second time this month, Mayor Michael Bloomberg held a press conference to offer sober warnings on the political gridlock over the national debt ceiling.

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It's A Free Country ®

How Bad Is The Debt Ceiling Acrimony? The Best Quotes from Former Pols

Monday, July 25, 2011

It's all inside the beltway maneuvering and hard to explain, but it is indispensible for the American people to understand it so public opinion can be mobilized to stop it.

-Former U.S. Sen. Arlen Specter (R-PA), in an op-ed in The Baltimore Sun on July 23. 

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It's A Free Blog

Opinion: Tom Coburn Throws Tantrum Over Cut, Cap and Balance

Monday, July 25, 2011

Everyone knows the cut, cap and balance is a political play. No sane observer thinks it has any chance of passing, and yet Coburn chooses to personally attack everyone who is against it.

-Solomon Kleinsmith, It's A Free Country blogger.

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The Takeaway

All Sides Gambling Down to The Wire on Debt

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. 

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The Takeaway

Top of the Hour: Contingency Plan Emerges in Debt Deal, Morning Headlines

Monday, July 25, 2011

After talks collapse between President Obama and House Speaker John Boehner, Democrats and Republicans will release separate plans to raise the debt ceiling before the August 2 deadline. That and this morning's other headlines. 

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It's A Free Country ®

How To Negotiate: From Debt Ceilings to State Unions

Friday, July 22, 2011

The question is often trying to figure out what kind of situation you’re in, because even when you’re in a long-term relationship, you’re still trying to decide who gets how much of the pie.

Alex Colvin, associate professor of Labor Relations and Conflict Resolution at Cornell University, on The Brian Lehrer Show.

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The Brian Lehrer Show

On Negotiating

Friday, July 22, 2011

Alex Colvin, associate professor of Labor Relations and Conflict Resolution at Cornell University, discusses the art and science of negotiating in light of Washington's debt ceiling talks, recent state worker deals and the NFL and NBA lockouts.

→ Add Your Comments, Listen, and Read a Recap at It's A Free Country

The Takeaway

Should Americans Work Until Age 75 to Ease Debt?

Friday, July 22, 2011

As Capitol Hill approaches a deal on the debt ceiling an economist says there’s a simple way for Americans to help erase the country’s debt: work for extra decade beyond the current retirement age of 65. Pippa Malmgren, who was financial market advisor to George W. Bush from 2001-2002, told The Takeaway on Thursday that "the bottom line" is that the U.S. "can fix our problems pretty easily, everybody just has to work ten years longer."

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The Takeaway

Deal or No Deal: Debt Deal vs. NFL Lockout Deal

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. 

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WNYC News

Financial 411: Gauging Reaction to the News Corp. Scandal in New York

Thursday, July 21, 2011

News Corp.'s troubles in Great Britain are of particular interest to about 6,000 New Yorkers. We'll talk about how people at the Wall Street Journal and Fox News see the unfolding scandal.

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It's A Free Country ®

Debt Ceiling Update - Is the Gang of Six Plan a Tax Increase or a Tax Decrease?

Thursday, July 21, 2011

The reality is if Republicans by and large consider this to be a tax increase, it can't pass. Politically, they can't vote for it. And the people who say hey, it's not a tax increase, it's really a tax cut, there are all these wonderful things like lower rates, a simpler tax code, etc, then if they win that argument you can conceivably see a path forward for this.

Roll Call staff writer Steven Dennis on The Brian Lehrer Show

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WNYC News

Financial 411: The Hudson Yards Project

Wednesday, July 20, 2011

Debt Talks Continue on Capitol Hill

President Barack Obama said he's now open to a short-term deal to raise the nation's debt ceiling if it will allow time for a broader plan to be put in place. There are 13 days left before the August 2 deadline, when the U.S. risks defaulting on its financial obligations.

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It's A Free Country ®

Housing Numbers and the Debt Ceiling

Wednesday, July 20, 2011

[P]eople are getting over this American dream of homeownership. They realize it can turn into much more of an American nightmare—that a house, in reality, is much more of a liability than an asset, and people prefer to rent than to own.

Felix Salmon, finance blogger for Reuters, on The Brian Lehrer Show.

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It's A Free Country ®

President Praises "Gang of Six" on Bipartisan Debt Plan

Tuesday, July 19, 2011

Lawmakers on both sides of the aisle are engaging in procedural wrangling in an effort to prevent a looming federal default. If successful, it may avoid the impending doom of a financial crisis, but it would add more layers of complication to an already labyrinthine process.

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The Takeaway

Congress Set to Vote on 'Cut, Cap and Balance'

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.

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The Takeaway

Do We Need a Debt Limit?

Tuesday, July 19, 2011

We’re exactly two weeks away from the August 2 deadline for lawmakers to raise the nation’s debt ceiling.  If Congress can’t come to an agreement by then, the U.S. may default on its loans, and that could likely mean losing our Aaa bond rating. But with debt ceiling negotiations seemingly at a standstill, Moody’s Investor Service has suggested eliminating the debt ceiling altogether.

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The Takeaway

Debt Talks Continue in Washington

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.

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