The “debt clock” must have been at 21:58 with minutes clicking on, when the leadership came to a deal . . . Good to have a deal – better if it is passed in both chambers this afternoon. But, the work is not screeching to a halt! Read more
We are still discovering the details of “the DEAL” to raise the debt ceiling. It is emerging that it is a mix of good news/bad news. There is something for everyone to hate. Progressives and Conservatives are likely to be unified in their dislike of the compromise. (Some say that evidences a good compromise.) Read more
Last night, President Obama and Speaker Boehner addressed the nation about the current impasse. A native Washingtonian, I have lived around political discord all my life. I have never seen it uglier. Read more
Early Thursday morning, Senator Chuck Schumer (D-NY) laid out the Democrats’ plan to simultaneously work towards deficit reduction and promote job growth. Read more
Over the last several weeks, the Biden group has made progress in coming to a plan to avoid defaulting on the debt. But all the compromises have been in increasing the number and amount of areas to be cut. Read more
The House of Representatives is voting on H.R. 2112 – Agriculture Appropriations for 2012. Some provisions would reduce access to food for members of our communities who are living in poverty – particularly children and the elderly. Read more
In addition to the devastating Ryan budget (H Con Res 34) for FY2012, at least two other budget proposals will likely come to a vote in the Senate – as early as today, 5/25/11. Read more
Father John S. Rausch is a guest blogger over at NETWORK this week! His piece, The Budget Relects Our Values, discusses growing inequality, taxes, and budget policies in the context of faith, community, and the common good.