All Posts Tagged With: "senate majority leader"

U.S. Nears Edge of Fiscal Cliff

Republican and Democratic negotiators are busy working attempting to fix a deal for the U.S. budget as the end of December approaches and the country inches closer and closer to the fiscal cliff deadline. Just two days are left before the previously approved package of budget spending cuts and new tax hikes take place that [...]

Republicans See Possibilities Again in Pennsylvania

Pennsylvania for a number of months was considered an easy win for the Democrats. Bob Casey the Democratic Senator was cruising easily towards his reelection and the 20 electoral votes for the president seemed wrapped up for President Barack Obama. However, things change. Tom Smith a Republican and his vast personal fortune have brought the [...]

Leaders Try to Get Compromise on Spending and Tax-Cut

Progress is seen in the talks over government funding and payroll tax extension as House Speaker John Boehner, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell met for an hour in the Capitol last Wednesday. They didn’t say whether a compromise was met but the meeting is a good sign that the [...]

Lawmakers Look for Compromise on Payroll Tax

The Senate failed to extend the payroll tax break last week but there are renewed efforts to push for a compromise measure. Republicans usually are in favor of any tax cuts but they helped defeat the payroll tax break extension attempts. They don’t like how to pay for the tax breaks. Democratic Senator Ben Cardin [...]

Senator Brown Asks Senate to Bring a Compromise of the Jobs Bill for Vote

Republican Senator Scott Brown of Massachusetts urged Senate Majority Leader Harry Reid to come out with compromise of the jobs bill for a vote. He said that he had a talk with Reid last Friday with regards to the lack of cooperation between the Republicans and Democrats in Congress. He urged the Senate Majority Leader [...]

Democrats in Senate Add Tax Increase for Millionaires to Obama’s Jobs Bill

Senate Democrats amend President Barrack Obama’s jobs bill by adding a 5.6 percent tax on income over $1 million. The proposal will be more likely to be blocked by the Republicans. This new proposal picks up on White House’s lead that suggests that the wealthiest Americans are not paying enough taxes. The Senate Democrats’ $447 [...]

US Congress Approves Debt Ceiling Deal Ahead of Deadline

President Barack Obama and the Congressional leaders announced late Sunday that they have agreed on a deal that would cut trillions of dollars in government spending as well as increase its debt limit. The leaders would present the terms of their deal on Monday and they hope that it would be enacted before the August [...]

States will take Heavy Hit after Resolving Debt Limit Issue

States will be financially affected by any of the debt reduction deals that Congress would approve. This is according to the Federal Funds Information for States, a nonpartisan organization that records fiscal impact of federal budget deals on the states. The group has been sending questionnaires to governors across the nation to collect data about [...]

House and Senate Leaders Race to Complete Debt Plans

Congressional leaders are scrambling to finalize their separate debt ceiling plans so that their colleagues can have the chance to vote on them as the August 2 deadline is fast approaching. Press secretary Jay Carney said that the deadline to raise the debt limit remains and the government could default on its obligations if Congress [...]

Democrats and Republicans Continue with Quest to Prevent Default

It looks like the difference between the Democrats and Republicans are narrowing as both parties scramble to prevent a financial default from happening. When the House Republican leadership unveiled its proposal, it was met with different reactions. The conservative members of the Republican Party didn’t like the plan made by Speaker John Boehner. Senate Majority [...]