As President Obama and congressional leaders meet Saturday at the White House, polls show the public sharply divided on the debt problem’s urgency, down on both parties, and favoring more compromise.
President Obama, clearly angry, let loose on House Republicans in what was, for him, an extraordinary fit of pique Friday night after talks with Speaker John Boehner broke down.
On an extraordinary night of political theater, President Obama railed on House Republicans for walking away from a debt-ceiling deal, only to see House Speaker John Boehner offer a rebuttal. Congress now seems eager to ignore the White House and do the job itself.
President Obama runs the risk of overexposure, not to mention alienating his base, if he keeps holding public chats about compromise on the debt ceiling. But he's got his reasons for being so vocal.
Stocks weighed down by Washington debt-limit talks, mixed corporate earnings. Stocks in Europe lifted by second Greek bailout.
President Obama and the Senate appear to be on the same page in debt-ceiling talks. But House Republicans are so far holding firm on their no-new-taxes demands.
President Obama wants Congress to come to an agreement by Aug. 2 about raising the $14.3 trillion national debt ceiling so that the US does not default on its debt and other obligations. The president wanted new tax revenues to be part of a 'grand bargain' to shrink the budget deficit; House Republicans did not.
The scramble on Capitol Hill to come up with a solution to the nation’s debt crisis produced a surprise announcement from the White House Wednesday: Contrary to previous statements, President Obama would support a short-term deal to raise the debt ceiling. White House Press Secretary Jay Carney added an important caveat, however. The president would only sign the short-term deal if it was a means to buy time to finalize a longer-term deal without running afoul of the Aug. 2 deadline. Suddenly, Washington is awash in prospects for short term deals. Here are five:
In nod to gay rights, Obama backs repeal of DOMA (Defense of Marriage Act), which defines marriage as between one man and one woman and withholds federal benefits from gay married couples.
'Cut, cap, and balance' legislation, which lays out a GOP plan to eliminate the US budget deficit, is set for a House vote late Tuesday. A symbolic move, the vote is nonetheless vital to Republicans. Here's why.