Obama to address nation on debt ceiling
July 25th, 2011
04:33 PM ET
3 years ago

Obama to address nation on debt ceiling

(CNN) - President Barack Obama will deliver remarks on the debt ceiling negotiations at 9 p.m. ET Monday night, according to White House Press Secretary Jay Carney.


Filed under: Debt • Deficit • President Obama
Ron Brownstein joins CNN's election team
July 25th, 2011
04:28 PM ET
3 years ago

Ron Brownstein joins CNN's election team

Washington (CNN) - The CNN political team welcomed Ron Brownstein as a senior political analyst last week.

The editorial director for National Journal Group will serve as a contributor and provide political perspective to programs network-wide. His first appearance was on CNN's "American Morning."
FULL POST


Filed under: 2012 • CNN
Debt debate cheat sheet
Billboard featuring U.S. debt clock on July 11, 2011.
July 25th, 2011
03:50 PM ET
3 years ago

Debt debate cheat sheet

Washington (CNN) – Where are we with the debt debate? After a weekend of no agreement, here's your simple guide to the plans in play right now, even as the playing field changes rapidly:

Key figures

$14.29 trillion - current debt limit. That's also nearly the value of the European Union's gross domestic product - or everything produced in the EU - last year.

August 2 - the date when the federal government is forecast to hit the debt limit and see all new loans cut off. Falls during "Simplify Your Life Week." Really.

FULL STORY

Filed under: Debt • Deficit
Obama endorses Senate Democratic plan on debt ceiling
July 25th, 2011
03:18 PM ET
3 years ago

Obama endorses Senate Democratic plan on debt ceiling

WASHINGTON (CNN) - President Barack Obama on Monday endorsed a debt-ceiling proposal by Senate Majority Leader Harry Reid that would cut federal deficits by $2.7 trillion and increase the federal borrowing limit through 2012, the White House said.

The plan proposed by Reid, D-Nevada, "is a reasonable approach that should receive the support of both parties, and we hope the House Republicans will agree to this plan so that America can avoid defaulting on our obligations for the first time in our history," said a statement by White House Press Secretary Jay Carney. "The ball is in their court."

FULL STORY

Filed under: Debt • Deficit • President Obama • Senate Democrats
Lawsuit filed over New York same-sex marriage law
July 25th, 2011
03:09 PM ET
3 years ago

Lawsuit filed over New York same-sex marriage law

(CNN) - Conservative groups on Monday filed a lawsuit in New York Supreme Court challenging the legality of the state's same-sex marriage law.

The lawsuit, in which New Yorkers for Constitutional Freedom (NYCF) is the primary plaintiff, seeks an injunction on the Marriage Equality Act, claiming that open meeting laws were violated, campaign contributions were promised, and Senate rules on debate were violated in order to enact the law, which took effect on Sunday.

FULL STORY

Filed under: New York • Same-sex marriage
House GOP unveils its debt plan
July 25th, 2011
03:07 PM ET
3 years ago

House GOP unveils its debt plan

Washington (CNN) – With both sides still at an impasse on a debt deal to raise the nation's debt limit by Aug. 2, House Speaker John Boehner is moving forward with a new House GOP plan that would aim for roughly $3 trillion in cuts and raise the debt ceiling in two stages.

According to two senior House GOP aides, the new legislation would initially cut $1.2 trillion in discretionary spending through cuts in government programs and caps on spending over the next 10 years. If these caps aren't reached, the plan would force across the board spending cuts. If Congress exceeds caps on spending, cuts will be triggered across the board.

FULL POST


Filed under: Debt • Deficit • GOP • House of Representatives • John Boehner
Perry ahead in Florida poll
July 25th, 2011
03:03 PM ET
3 years ago

Perry ahead in Florida poll

(CNN) - Even though he's not in the 2012 presidential race, Texas Gov. Rick Perry leads the pack of Republican candidates in a survey of likely Florida voters by the American Research Group.

Perry polled at 16 percent among registered Republicans, with Minnesota Rep. Michele Bachmann and former Massachusetts Gov. Mitt Romney tying for second place at 15 percent. Fmr. Alaska Governor Sarah Palin came in third with 15 percent, and businessman and radio commentator Herman Cain was in fourth at 11 percent.
FULL POST


Filed under: 2012 • Republicans • Rick Perry
Obama: 'I need a dance partner' on immigration reform
July 25th, 2011
02:02 PM ET
3 years ago

Obama: 'I need a dance partner' on immigration reform

Washington (CNN) - America's immigration system is broken, but pressure from a larger political movement is needed to fix it, President Barack Obama said Monday.

"The idea of doing things on my own is very tempting. I promise you, not just on immigration reform. But that's not how our system works. That's not how our democracy functions. That's not how our Constitution is written," Obama said at the National Council of La Raza's annual conference.

"Let's be honest, I need a dance partner here, and the floor is empty," he added, referring to the need for bipartisan congressional support to pass an immigration reform measure.

FULL STORY

Filed under: Immigration • President Obama
BLITZER'S BLOG: Too late to resurrect the deal?
July 25th, 2011
02:01 PM ET
3 years ago

BLITZER'S BLOG: Too late to resurrect the deal?

Washington (CNN) - We did learn some intriguing details about the debt ceiling negotiations in recent days. Both President Barack Obama and House Speaker John Boehner were ready to anger their respective bases in order to work out a deal.

To the dismay of many Democrats, President Obama was ready to support cuts in entitlement spending for Social Security, Medicare and Medicaid. He was ready to support what's called "means testing" – meaning that richer people would have to shell out more for health benefits under Medicare than poorer people. The president is also apparently ready to adopt a new cost-of-living increase formula that effectively would result in reduced Social Security and Medicare benefits. When I interviewed Independent Senator Bernie Sanders of Vermont the other day, he made it clear he hated those proposals.

FULL STORY

Filed under: Debt • Deficit
Pessimism overflowing in new poll
July 25th, 2011
01:39 PM ET
3 years ago

Pessimism overflowing in new poll

(CNN) - While most Americans are feeling a fiscal pinch, a new poll reveals a stunning amount of pessimism over the long-term outlook of the nation's economy.

According to a CNN/ORC poll released Monday, 84 percent of Americans feel the economy is in poor shape. While some expect economic conditions to improve, a majority-59 percent-believes the economy will still be in poor shape one year from now. It's the first time in the 14 years that CNN has asked the question that a majority has been pessimistic about the country's economic future.

Full results after the jump:
FULL POST


Filed under: CNN poll • Economy
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