Political Capital

Posts tagged: federal debt

Secretary of the Treasury Jacob Lew attends a personnel announcement on June 10, 2013 at the State Dining Room of the White House in Washington, DC.

Photograph by Alex Wong/Getty Images

Secretary of the Treasury Jacob Lew attends a personnel announcement on June 10, 2013 at the State Dining Room of the White House in Washington, DC.

Courting Congressmen May Help Lew in Debt Talks

Jacob J. Lew’s endless pilgrimages to the Hill before his confirmation at Treasury secretary, followed by humble appearances before Congress during the IRS dispute, may have helped win him some support he will need during the looming debt ceiling debate....

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Chairman Pete Sessions, R-Texas, standing, greets Rep. Michael Burgess, R-Texas, as Rep. Ileana Ros-Lehtinen, R-Fla., looks on, during the first House Rules Committee.

Photograph by Tom Williams/CQ Roll Call

Chairman Pete Sessions, R-Texas, standing, greets Rep. Michael Burgess, R-Texas, as Rep. Ileana Ros-Lehtinen, R-Fla., looks on, during the first House Rules Committee.

Southern Discomfort: Fights Ahead

With President Barack Obama and Congress poised to clash over spending cuts and raising the $16.4 trillion federal debt limit, reaching a deal may be complicated by a North-South divide among Republicans made wider by the 2012 elections. In the South, most...

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President Barack Obama arrives to deliver a statement in the Brady Press Briefing Room at the White House in Washington, D.C., on Jan. 1, 2013. The House of Representatives passed legislation averting income tax increases for most U.S. workers after Republicans abandoned their effort to attach spending cuts that would have been rejected by the Senate.

Photograph by Brendan Hoffman/Pool via Bloomberg

President Barack Obama arrives to deliver a statement in the Brady Press Briefing Room at the White House in Washington, D.C., on Jan. 1, 2013. The House of Representatives passed legislation averting income tax increases for most U.S. workers after Republicans abandoned their effort to attach spending cuts that would have been rejected by the Senate.

Happy New Taxes Year: Deal Done

On the first day of this odd new year (2013): Democrats in Washington have fought to the end of a protracted debate to preserve the tax cuts that former President George W. Bush won for most American taxpayers. Republicans in...

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Attendees sit under the National Debt Clock at the Republican National Convention (RNC) in Tampa.

Photograph by Robyn Beck/AFP/Getty Images

Attendees sit under the National Debt Clock at the Republican National Convention (RNC) in Tampa.

$16 Trillion Debt `Grim Landmark’ — Republicans say as Democrats Open

At the Republican National Convention in Tampa last week, digital debt clocks hanging above the convention floor alerted delegates to the rising toll of the accrued federal debt: Approaching $16 trillion as Mitt Romney accepted his party’s nomination for president....

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RNC Chairman Reince Priebus bangs the gavel to start the Republican National Convention at the Tampa Bay Times Forum on August 27, 2012.

Photograph by Chip Somodevilla/Getty Images

RNC Chairman Reince Priebus bangs the gavel to start the Republican National Convention at the Tampa Bay Times Forum on August 27, 2012.

Republican Convention, Open, Shut

How short it was. Republican National Committee Chairman Reince Priebus gaveled the party’s national convention to order, and just as quickly gaveled it shut. Because of Tropical Storm Isaac, which since has spun far off into the Gulf of Mexico...

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Mitt Romney supporters next to a national debt clock.

Photograph by Justin Sullivan/Getty Images

Mitt Romney supporters next to a national debt clock.

Debt and Off-Shore Bank Accounts: Fresh Campaign Fodder

The Republicans have a welcome committee for the Obama campaign bus: As the president arrives in Maumee, Ohio, a suburb of Toledo, today, the Republican National Committee is Web-casting a video replaying Vice President Joe Biden’s appearance in Maumee as...

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