Washington (CNN) – You know the debt ceiling debate has reached a new level of intensity when former House Speaker Newt Gingrich starts reminiscing about his 1995 government shutdown negotiations with former President Bill Clinton.
On Tuesday, the Republican presidential candidate told New Hampshire radio station WNTK, "Bill Clinton was, in the end, willing to be practical ... We were able to sit down, face-to-face, and negotiate a deal. He really was so much further to the center than President Obama is, and he was so much more flexible than President Obama. I don't think there's any comparison of the environment."
Washington (CNN) – At this point during President Bill Clinton’s first term at the White House, he, too, was facing an enormous challenge from emboldened House Republicans, including the then new Speaker, Newt Gingrich. The Republicans had taken the House majority in 1994 with their Contract with America. There was a huge battle over spending, and the government was shut down for a few days. The American public largely blamed Gingrich and the Republicans. Clinton, the following year, was re-elected.
President Obama is now facing a huge challenge from emboldened House Republicans, including Speaker John Boehner. The stakes this time are much higher if the government actually were to default on its financial obligations.FULL STORY
Washington, D.C. (CNN) - The Democratic National Committee went after Republicans for using a violent movie clip to incite unity at a House Conference meeting Tuesday.
In the scene, from "The Town," actors Ben Affleck and Jeremy Renner hold a short pep talk, where one tells the other that he needs his help as they go "hurt some people." They then drive off to an apartment and bludgeon two men.
(CNN) – The verbal back-and-forth between former Delaware Senate candidate Christine O'Donnell and Citizens for Responsibility and Ethics (CREW) continued Wednesday as O'Donnell made her case for why the group should lose its nonprofit status as a 501(c)3.
"We're fighting back because while I'm certainly not the first person they've come after, I would like to be the last," O'Donnell said on a conference call with reporters. "I would like to stop this."
Washington (CNN) – With the clock ticking down until the U.S. hits its debt ceiling, conservative and progressive third-party interest groups whose pledges lawmakers have signed their names to are ratcheting up the pressure to keep them in line.
One of the biggest sticking points in negotiating a deal to raise the debt ceiling while addressing the long-term deficit has been Republican demands that there be corresponding dollar-for-dollar cuts in federal spending, that taxes cannot be increased to pay down the deficit, or that a balanced budget amendment is the only way to get the government on a path to longer-term fiscal health.FULL STORY
Washington (CNN) - If Texas Gov. Rick Perry decides to run for president - a safe bet according to many Republicans - he is likely to bypass the traditional step of forming an exploratory committee and jump head-first into the GOP primary fight.
Perry adviser David Carney told CNN that he doubts there would be enough time to pursue a formal "testing the waters" phase in advance of a full-blown campaign effort. The governor is expected to make a final decision about the presidential race sometime in middle to late August.
(CNN) - Despite his own party's growing push to raise the federal debt ceiling, Republican Gov. Rick Scott of Florida insisted Wednesday the government should resist any increase in the debt limit.
"We can stop borrowing money at the federal level if we cut our spending at the federal level," Scott said on CNN's "American Morning." "We don't have to keep borrowing more money."
Washington (CNN) - The Republican National Committee released its final attack ad of a month-long campaign against President Obama, according to the group, hitting the president over his handling of the economy.
The latest 30-second spot shows a young girl watching television on the last day of the Obama administration, in 2017. She is watching hypothetical news broadcasts that report the unemployment rate and U.S. debt to China climbing to record levels.
Washington (CNN) - As Texas Gov. Rick Perry comes closer and closer to jumping into the race for the White House, a second straight national poll indicates the Texas governor is close to the top of the list in the battle for the 2012 GOP presidential nomination.
According to a Gallup survey released Wednesday, Perry appears to be the strongest challenger to Mitt Romney, the former Massachusetts governor who is making his second bid for the nomination and who is at the top of the GOP list in most polls.
NEW YORK (CNNMoney) – First the House debt ceiling bill came up short. Now it's the Senate bill.
The Congressional Budget Office on Wednesday said the proposal by Senate Majority Leader Harry Reid, which would raise the debt cap by $2.7 trillion, would reduce deficits by $2.2 trillion.FULL STORY