Speaking on the Senate floor Thursday, Minority Leader Mitch McConnell, R-Ky., delivered an ultimatum to congressional leaders and the American people when he stressed the far-fetched idea to pass a “Balanced Budget Amendment” to the U.S. Constitution in order to address the nation’s growing debt. The White House has already rejected the Tea Party-backed idea […]
The ongoing negotiations to raise the country’s debt ceiling were reportedly tense Wednesday night, and have spiraled to a game of “he said, she said” politics, with Republican leaders accusing President Barack Obama of walking out of the White House meeting. House Republican Leader Eric Cantor, R-Va., said Mr. Obama became “agitated” with congressional leaders […]
Calling for a real debate, Minority Leader Mitch McConnell, R-Ky., went to the Senate floor Wednesday to defend his debt proposal to avoid the first-ever government default before the August 2 deadline. The McConnell option gives President Barack Obama new power to request increases of up to $2.5 trillion in three separate installments over the […]
Under Mitch McConnell’s proposal, congress would give the President the power to increase the debt ceiling by up to $2.5 trillion, as long as he simultaneously proposed spending cuts of greater size. Congress would need to muster a two-thirds majority to veto any increase. McConnell said he was forced to introduce the plan because he […]
Speaking to WHAS-AM radio personality Mandy Connell on Wednesday morning, Senate Minority Leader Mitch McConnell, R-Ky., defended his proposal to give President Barack Obama unilateral authority to raise the debt ceiling even if party leaders can’t agree on ways to reduce the debt moving forward. McConnell’s proposal gives the president the power to request increases […]
Reacting to the president’s address about ongoing debt ceiling negotiations, U.S. Rep. John Yarmuth, D-Ky., slammed Republican leaders for playing politics with the nation’s credit and believes Democrats won’t support a deal unless it includes wealthier Americans making sacrifices. At a news conference Wednesday, President Barack Obama said raising revenue had to be an option […]
President Barack Obama is scheduled to hold a news conference this morning from the White House, where he’s expected to discuss the ongoing deficit negotiations and impending deadline to extend the debt ceiling. For our live coverage, tune to 89.3 FM or listen online at wfpl.org beginning at 11:20 am.