Political Capital

Posts tagged: debt ceiling

President Barack Obama on the South Lawn of the White House in Washington, on Feb. 14, 2014, before boarding the Marine One helicopter to travel to the Democratic House members retreat in Cambridge, Md.

Photograph by Charles Dharapak/AP Photo

President Barack Obama on the South Lawn of the White House in Washington, on Feb. 14, 2014, before boarding the Marine One helicopter to travel to the Democratic House members retreat in Cambridge, Md.

Obama: Government ‘Hostage’ No Longer

President Barack Obama is taking a victory lap with the debt deal approved by Congress this week — suspending the ceiling on the federal debt until March 2015. Obama heralded “the fact that we are no longer going to see,...

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Matt Bevin of Louisville, Ky., speaks during the 133rd Annual Fancy Farm Picnic in Fancy Farm, Ky., on Aug. 3, 2013.

Photograph by Stephen Lance Dennee/AP Photo

Matt Bevin of Louisville, Ky., speaks during the 133rd Annual Fancy Farm Picnic in Fancy Farm, Ky., on Aug. 3, 2013.

McConnell’s ‘Blank Check:’ — ‘It’s Not My Money,’ Rival Mocks

Sen. Mitch McConnell’s decision to support a “clean” increase of the debt-ceiling opened the door for Republican challenger Matt Bevin back home in Kentucky. He wasted little time. “Once again #McConnell caves to the left, and votes to break conservative...

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Senate Minority Leader Mitch McConnell, a Republican from Kentucky, right, and Senator Bob Corker, a Republican from Tennessee, walk towards the Senate floor at the U.S. Capitol on Feb. 12, 2014.

Photograph by Andrew Harrer/Bloomberg

Senate Minority Leader Mitch McConnell, a Republican from Kentucky, right, and Senator Bob Corker, a Republican from Tennessee, walk towards the Senate floor at the U.S. Capitol on Feb. 12, 2014.

Bloomberg by the Numbers: 13

The U.S. debt limit will be suspended for about 13 months under a measure President Barack Obama expects to sign into law. The Senate cleared the debt-limit suspension bill on a “55-43 party-line vote” yesterday that “will allow the U.S....

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Congressional staff below a TV screen showing a perpetually increasing national debt as Janet Yellen, the new Federal Reserve Board chairwoman, appears before the House Financial Services Committee on Feb. 11, 2014.

Photograph by T.J. Kirkpatrick/Getty Images

Congressional staff below a TV screen showing a perpetually increasing national debt as Janet Yellen, the new Federal Reserve Board chairwoman, appears before the House Financial Services Committee on Feb. 11, 2014.

Reid Pushes Debt Vote Before Storm

Senate Majority Leader Harry Reid opened Senate proceedings today by calling for a vote on the debt-ceiling bill passed by the House last night. “”We should wrap this up today, Reid, a Nevada Democrat, said. “So I hope we can...

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Senator John Cornyn, a Republican from Texas, left, Senate Minority Leader Mitch McConnell, a Republican from Kentucky, second left, and Senate Majority Leader Harry Reid, a Democrat from Nevada, make their way to the front of the chamber ahead of U.S. President Barack Obama's State of the Union address.

Photograph by Larry Downing/Pool via Bloomberg

Senator John Cornyn, a Republican from Texas, left, Senate Minority Leader Mitch McConnell, a Republican from Kentucky, second left, and Senate Majority Leader Harry Reid, a Democrat from Nevada, make their way to the front of the chamber ahead of U.S. President Barack Obama's State of the Union address.

McConnell Hit for Debt Ceiling Votes

Updated at 10:02 am EST A new web ad out today accuses Senate Minority Leader Mitch McConnell, the chief Republican architect of the last several accords raising the debt ceiling, of voting “like a Democrat” on fiscal issues. The ad...

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U.S. House Speaker John Boehner, a Republican from Ohio, in Washington, D.C.

Photograph by Pete Marovich/Bloomberg

U.S. House Speaker John Boehner, a Republican from Ohio, in Washington, D.C.

Boehner Searches for Debt Ceiling Votes

Speaker John Boehner is left searching for Republican support ahead of this evening’s planned House vote on a debt-ceiling increase. After considering a bill that would tie the debt-ceiling increase to increased benefits for military retirees, Boehner abandoned the proposal,...

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Jacob "Jack" Lew, U.S. Treasury secretary, during a Financial Stability Oversight Council meeting at the U.S. Treasury in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Jacob "Jack" Lew, U.S. Treasury secretary, during a Financial Stability Oversight Council meeting at the U.S. Treasury in Washington, D.C.

Bloomberg by the Numbers: 3

A suspension of the federal debt ceiling is scheduled to expire in three days, on Feb. 7. The debt ceiling was suspended through the end of this week under a law last October that ended a 16-day partial government shutdown....

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A Polar bear and her cubs along the Beaufort Sea Coastline of Alaska.

Source: Alaska Image Library/U.S. Fish and Wildlife Service via Bloomberg

A Polar bear and her cubs along the Beaufort Sea Coastline of Alaska.

Dead Polar Bears Beat Debt Ceiling — on the Congressional Agenda

The U.S. is scheduled to hit its statutory debt ceiling on Feb. 7 — this coming Friday — so it would stand to reason that Congress is going to spend the week focused on raising the debt limit, right? Well,...

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U.S. Park Rangers at the Lincoln Memorial on the National Mall on October 17, 2013 in Washington, DC.

Photograph by Brendan Smialowski/AFP via Getty Images

U.S. Park Rangers at the Lincoln Memorial on the National Mall on October 17, 2013 in Washington, DC.

Bloomberg by the Numbers: 47%

That’s the share of Americans who project the economy will worsen, according to the Bloomberg Consumer Comfort Index expectations gauge for October. That’s the largest such share since the collapse of Lehman Brothers Holdings Inc. in 2008, Bloomberg’s Ben Schenkel...

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Senate Majority Leader Harry Reid, a Democrat from Nevada, right, and Senator Charles Schumer, a Democrat from New York, during a news conference at the U.S. Capitol in Washington, D.C., on Oct. 16, 2013.

Photograph by Pete Marovich/Bloomberg *

Senate Majority Leader Harry Reid, a Democrat from Nevada, right, and Senator Charles Schumer, a Democrat from New York, during a news conference at the U.S. Capitol in Washington, D.C., on Oct. 16, 2013.

Bloomberg by the Numbers: $24 Billion

That’s how much the 16-day partial U.S. government shutdown took out of the economy, according to a Standard & Poor’s report yesterday. “The shutdown has shaved at least 0.6 percent off annualized fourth-quarter 2013 gross domestic product growth,” Bloomberg’s Susanne...

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