Today on Here and Now

Financial institutions and states are watching events in DC. A community bank outside of Boston says it will waive overdraft fees for customers if they don’t receive Social Security and other checks from the government. Some investment firms are conducting stress tests and California may seek a bridge loan if Congress and President Obama fail… Continue reading Today on Here and Now

Despite Challenges and CBO Report, McConnell Supports Boehner Plan

Despite challenges within the Republican Party and projections that other congressional plans would result in more savings, U.S. Senate Minority Leader Mitch McConnell, R-Ky., reiterated his support for House Speaker John Boehner’s plan Wednesday. Speaking on the Senate floor, McConnell said the proposal will prevent a government default before the August 2 deadline and reduce… Continue reading Despite Challenges and CBO Report, McConnell Supports Boehner Plan

Fischer Calls for Debt Ceiling Agreement

Dabbling in the national debate, Louisville Mayor Greg Fischer is calling on President Barack Obama and congressional leaders to compromise on the country’s debt ceiling before the August 2 deadline. The mayor warned against a possible default, saying it would have a negative impact on Metro Government and “every aspect of American life.” Earlier this… Continue reading Fischer Calls for Debt Ceiling Agreement

Today on Here and Now

Countdown clocks are showing up on cable TV – there to remind people that a deadline on the debt ceiling is looming. Conservatives in the House yesterday panned their own leader’s plan. So did Standard & Poor’s, which said it probably wouldn’t be enough to avert a downgrade in the U.S. credit rating. But a… Continue reading Today on Here and Now

Paul Opposes Both Debt Deals

Dismissing both plans as insufficient, U.S. Sen. Rand Paul, R-Ky., quickly released a statement opposing the dueling debt ceiling deals being proposed by House Republicans and Senate Democrats on Monday. “The proposed deals being discussed today by House Republican and Senate Democrat Leaders do not make cuts to our debt. They do not solve our… Continue reading Paul Opposes Both Debt Deals

Yarmuth: Ideology Does Not Pay Bills

Speaking from the House floor last Thursday, U.S. Rep. John Yarmuth, D-Ky., berated congressional Republicans for having an agenda “driven by a reckless Tea Party ideology” during ongoing debt ceiling negotiations. The Kentucky congressman says the GOP is ignoring reality and the economic consequences if the government default after the August 2 deadline. Check it… Continue reading Yarmuth: Ideology Does Not Pay Bills

Yarmuth: GOP Plan Takes Country Back to 1966

Speaking on the House floor Tuesday, U.S. Rep. John Yarmuth, D-Ky., denounced the Tea Party-backed “Cut, Cap and Balance” plan introduced by congressional Republicans. The congressman said for the past few years people have been chanting to “take our country back” and the GOP proposal takes the federal budget to 1966 by shredding the safety… Continue reading Yarmuth: GOP Plan Takes Country Back to 1966

McConnell Urges Support for “Cut, Cap and Balance” Plan

Speaking on the Senate floor, Minority Leader Mitch McConnell, R-Ky., urged his colleagues to support the “Cut, Cap and Balance” plan being proposed in the GOP-controlled House of Representatives on Tuesday afternoon. Backed by the Tea Party, the bill seeks to curb government spending by cutting spending by $111 billion and capping federal expenditures to… Continue reading McConnell Urges Support for “Cut, Cap and Balance” Plan

GOP Losing Debt Ceiling Debate

A new CBS News poll shows average Americans aren’t pleased with anyone involved in the debt ceiling negotiations in Washington, but congressional Republicans are taking the brunt of the blame. The survey shows 71 percent disapprove of the GOP’s handling of the talks while 58 percent blame Democrats and 48 percent point the finger at… Continue reading GOP Losing Debt Ceiling Debate

Yarmuth: Cantor is a Big Problem

Appearing on MSNBC’s “The Ed Show” Thursday, Congressman John Yarmuth, D-Ky., praised President Barack Obama’s work on the debt ceiling talks while criticizing Republican congressional leaders for being irresponsible during the negotiations as the federal government faces default on the August 2 deadline. Joined by Sen. Robert Menendez, D-NJ., Yarmuth blasted House GOP Leader Eric… Continue reading Yarmuth: Cantor is a Big Problem