debt ceiling

Yarmuth Pessimistic About Supercommittee Deal

by admin on November 21, 2011

With time running out, U.S. Rep. John Yarmuth, D-Ky., is skeptical the 12-member supercommittee will be able to come to an agreement and avoid automatic cuts to federal spending.

The bipartisan congressional panel is seeking to find at least $1.2 trillion in savings over the next decade before Wednesday.

Both Democratic and Republican aides close to the negotiations are saying the group has failed, which will result in across-the-board cuts.

Yarmuth says he was never optimistic about the panel because its members were asked to negotiate in good faith, but couldn’t because of pressure to stand by certain positions.

“I don’t think the process was logical to begin with. Unfortunately it created a lot of expectations that were unreasonable and now the American people are going to see this as another failure of Congress, when I think it’s just part of an ongoing failure,” he says.

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Paul Wants End of ‘False Partisanship’ , Calls for Compromise

by admin August 25, 2011

Speaking at the 48th annual Kentucky Farm Bureau breakfast on Thursday, U.S. Sen. Rand Paul, R-Ky., stressed compromise and called on both parties to relinquish their ‘false partisanship’ as the 12-member super committee prepares to meet. The bipartisan panel has until late November 23 to recommend $1.5 trillion in spending cuts over the next decade. […]

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Paul Hosting Town Hall Meeting

by admin August 8, 2011

Returning from Washington for the congressional recess, U.S. Sen. Rand Paul, R-Ky., has scheduled his first town hall meeting with constituents on Tuesday. The event will be held at City Hall in Hartford, Ky., 116 East Washington Street at 2 p.m. CDT. It is expected Paul will address the contentious debt ceiling debate that embroiled […]

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Today on Here and Now

by Laura Ellis August 2, 2011

The Senate has passed the bill to raise the debt limit that the House approved yesterday. President Obama will comment soon, and is expected to sign it before sundown. The bipartisan legislation promises more than $2 trillion of budget cuts over the next decade. How does this deal affect you? Museum Plaza isn’t going to […]

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Yarmuth Explains “No” Vote on Debt Ceiling Deal

by admin August 1, 2011

After weeks of contentious negotiations, the U.S House of Representatives easily passed a measure to raise the country’s debt ceiling Monday and avoid the first federal government default. The vote was 269 to 161, but many Democratic slammed bill, including Congressman John Yarmuth, D-Ky., who released the following statement in response to his NO vote […]

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Concerned About Debt Deal, Yarmuth Urges Obama to Use 14th Amendment

by admin July 31, 2011

On Sunday morning, U.S. Rep. John Yarmuth, D-Ky., told MSNBC the continuing debt ceiling negotiations worry Democratic lawmakers in the House due to reports of across the board spending cuts without any tax increases. “It’s going to be very difficult for Democrats to swallow,” said Yarmuth. What’s more troubling to the Kentucky congressman is that […]

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Obama Calls Out Paul Via Twitter

by admin July 29, 2011

Flexing the bully pulpit of the presidency, Barack Obama’s Twitter account asked Kentucky voters to pressure U.S. Sen. Rand Paul, R-Ky., to compromise on a debt ceiling solution. Check it out: [blackbirdpie url=”http://twitter.com/#!/BarackObama/status/97009683663044608″] On Friday, Mr. Obama asked the American people to contact their representatives in Congress and demand a resolution to the ongoing deficit […]

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Yarmuth Scolds Washington in CNBC Interview

by admin July 28, 2011

Appearing on CNBC Thursday, U.S. Rep. John Yarmuth, D-Ky., told the business network Americans are fed up with the calamity in Washington over the ongoing debt ceiling deliberations as the August 2 deadline looms. Yarmuth was asked what his constituents are thinking about the frustrating negotiations, and the three-term congressman ripped congressional leaders as the […]

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Today on Here and Now

by Laura Ellis July 28, 2011

The Dow Jones plunged almost 200 points yesterday amid investor anxiety that Congress won’t pass a bill to raise the debt ceiling by August 2nd. The market rebounded slightly, and today House speaker John Boehner is trying to rally his caucus around a plan to raise the debt ceiling in two stages—one immediately, the second […]

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Daniels Endorses Boehner Debt Ceiling Package

by admin July 28, 2011

Indiana Governor Mitch Daniels is urging members of his state’s federal delegation to support Speaker John Boehner’s plan aimed at averting the first default in U.S. history. What’s interesting is that Daniels, who served as Director of the U.S. Office of Management and Budget under former President George W. Bush, indicts his former administration when […]

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