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 […]
Tag Archives: debt ceiling
Paul Wants End of ‘False Partisanship’ , Calls for Compromise
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. […]
Paul Hosting Town Hall Meeting
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 […]
Today on Here and Now
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 […]
Yarmuth Explains “No” Vote on Debt Ceiling Deal
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 […]
Concerned About Debt Deal, Yarmuth Urges Obama to Use 14th Amendment
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 […]
Obama Calls Out Paul Via Twitter
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 […]
Yarmuth Scolds Washington in CNBC Interview
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 […]
Today on Here and Now
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 […]
Daniels Endorses Boehner Debt Ceiling Package
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 […]