- U.S. nuclear general boozed it up, chased ‘hot women’ in Russia: report
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- Rob Ford on women: Give them cash ‘and they are happy’
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- Tea party-type lawmakers take mysterious, off-books trip to Mideast
- North Korea warns South: We’ll attack ‘without warning’
- Congress sends sweeping defense bill to Obama
- Multiple injuries as balcony collapses at London’s Apollo theatre during performance
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Latest Mitch Mcconnell Items
Deficit-reduction talks between congressional Republican leaders and President Obama broke down Friday night, with Speaker John A. Boehner saying he will try to reach a deal with Senate leaders instead of the White House.
A long summer of wrangling over the debt may result in President Obama getting everything he wants. Some senators are terrified of losing political face if additional borrowing authority is denied and a partial government shutdown results. They've been mulling two options - a White House-inspired short-term debt-ceiling extension to postpone tough decisions and the McConnell-Reid backup plan about which Senate Majority Leader Harry Reid said on Wednesday, "We have a plan to move forward over here, but until we hear from the House of Representatives, really all our work here would be for naught."
With time running out on a looming debt crisis, the president and his allies in the Senate are fighting to win a raise in the government's borrowing limit, only to be stymied by a minority insisting that a spending freeze be part of the deal. Sounds like present day, but it was October 1984 — when the partisan roles were reversed.
Amid the uncertainty and bickering over how to raise the debt limit, congressional Republicans are pushing ahead with balanced-budget proposals that could further complicate - or serve as a key bargaining chip to - a final deal.
A lot of conservatives are having fun at President Obama's expense after his latest gaffe. In the midst of testy debt-limit negotiations, Mr. Obama told House Majority Leader Eric Cantor, "Don't call my bluff."
President Obama said Friday Congress has a "unique opportunity to do something big" and stabilize the U.S. economy for decades by cutting deficits even as it raises the national debt limit ahead of a critical Aug. 2 deadline. But, he declared, "We're running out of time."
Testy lawmakers and President Obama headed back for a fifth day of debt-limit negotiations Thursday, pointing fingers at each other while trying to stave off a government financial default.
The gulf between President Obama and a divided Congress grows ever wider as the debt limit crisis stumbles toward a potentially catastrophic deadline.
President Obama is on the verge of a crackup. The debt-limit talks are beginning to take their toll. On Wednesday, the president stormed out of a meeting with House Majority Leader Eric Cantor. Like a petulant adolescent, Mr. Obama blamed the Virginia Republican for opposing a "grand bargain."