Senators say bipartisan plan necessary to avoid economic disaster
July 30th, 2011
07:19 PM ET
3 years ago

Senators say bipartisan plan necessary to avoid economic disaster

Washington (CNN) -– Three senators from across the spectrum of ideological positions said Saturday that a bipartisan debt ceiling deal was necessary in order to prevent economic crisis.

Sen. Mark Warner, a Democrat; Sen. Rob Portman, a Republican; and Sen. Rand Paul, a Republican associated with the tea party, all said they were willing to work with members of the opposite party to strike a deal. Yet all three offered different specifics when it came to plans.
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Filed under: Mark Warner • Rand Paul • Rob Portman
Reid, McConnell at odds on debt deal progress
July 30th, 2011
06:18 PM ET
3 years ago

Reid, McConnell at odds on debt deal progress

(CNN) - Senate Majority Leader Harry Reid, D-Nevada, said Saturday afternoon that GOP claims of new progress on a debt ceiling deal are "not true."

The Republicans "refuse to negotiate in good faith," Reid said. "The process has not been moved forward during this day."

Senate Minority Leader Mitch McConnell, R-Kentucky, said he remains "more optimistic" than Reid. "I think we've got a chance of getting there," he said.


Filed under: Harry Reid • Mitch McConnell
McConnell says he's spoken to Obama 'within last hour'
July 30th, 2011
04:03 PM ET
3 years ago

McConnell says he's spoken to Obama 'within last hour'

(CNN) - Senate Minority Leader Mitch McConnell, R-Kentucky, said Saturday afternoon that he had talked to President Barack Obama and Vice President Joe Biden "within the last hour" and is "confident and optimistic" that there will be an "agreement within the very near future."

A national default "is not going to happen," McConnell said.

House Speaker John Boehner, R-Ohio, also expressed optimism that an agreement is near. "In spite of our differences, we're dealing with reasonable, responsible people," Boehner said.


Filed under: Mitch McConnell
ANALYSIS: Debt fight shows tea party's influence - so far
July 30th, 2011
04:00 PM ET
3 years ago

ANALYSIS: Debt fight shows tea party's influence - so far

Washington (CNN) - As lawmakers this weekend try to reconcile the two dueling debt bills in the House and Senate, one of the strongest forces they have to reckon with is the influence of the tea party lawmakers.

Their numbers are not overwhelming – of the 435 lawmakers in the House of Representatives, only 60 are members of the tea party caucus. Still, analysts say they have wielded outsized influence on the trajectory of the debt fight so far - but are also using tactics that could risk a backlash with the public.
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Filed under: Debt • Tea Party
Reid and Pelosi head to White House for debt meeting
July 30th, 2011
03:30 PM ET
3 years ago

Reid and Pelosi head to White House for debt meeting

Washington (CNN) – A White House official says President Barack Obama will meet with Senate Majority Leader Harry Reid and House Democratic Leader Nancy Pelosi at the White House at 3:30 pm to receive an update on the situation in the House and Senate.


Filed under: Harry Reid • Nancy Pelosi
House rejects Reid's debt plan
July 30th, 2011
03:14 PM ET
3 years ago

House rejects Reid's debt plan

Washington (CNN) - The Republican-controlled House of Representatives has rejected the debt ceiling plan proposed by Senate Majority Leader Harry Reid, D-Nevada.

The plan was rejected in a sharply polarized 173-246 vote. Republicans unanimously opposed the measure while most Democrats backed it.

GOP leaders conducted the vote on Reid's bill under rules requiring a two-thirds majority for passage, thereby ensuring its defeat.


Filed under: Debt • Harry Reid
Bachmann: The president has no plan
July 30th, 2011
02:22 PM ET
3 years ago

Bachmann: The president has no plan

Washington (CNN) -– Republican presidential candidate Michele Bachmann took to the House floor Saturday to slam President Barack Obama on his position in the ongoing debt stalemate.

“Throughout this debate over guaranteeing insane never before seen in the history of this country levels of spending, President Obama has coolly stood on the sidelines, his arms crossed, very simply castigating Republicans for not giving him a $2.4 trillion blank check,” Bachmann said.
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Filed under: Michele Bachmann • national debt
House set to reject Reid debt plan as endgame nears
July 30th, 2011
12:58 PM ET
3 years ago

House set to reject Reid debt plan as endgame nears

Washington (CNN) - The Republican-controlled House of Representatives is set to reject Senate Majority Leader Harry Reid's plan to raise the nation's debt ceiling Saturday - partisan payback for the Democratic-controlled Senate's rejection of Speaker John Boehner's plan Friday night.

The twin votes are a likely prelude to a long weekend of furious back room negotiations between congressional leaders looking for a way to end a tense political standoff and avoid a potentially catastrophic federal default next week.

FULL STORY

Filed under: Debt
Boehner vs. Reid bills: Where they meet
July 30th, 2011
11:13 AM ET
3 years ago

Boehner vs. Reid bills: Where they meet

New York (CNNMoney) - There certainly are some big differences between the debt-ceiling bill proposed by House Speaker John Boehner and the one proposed by Senate Majority Leader Harry Reid.

But there is also more than $900 billion's worth of compromise between the two.

FULL STORY

Filed under: Debt • Harry Reid • John Boehner
Obama, Bush to be at 9/11 anniversary ceremony, N.Y. mayor says
July 30th, 2011
11:06 AM ET
3 years ago

Obama, Bush to be at 9/11 anniversary ceremony, N.Y. mayor says

New York (CNN) - Presidents Barack Obama and George W. Bush will be part of a small group of politicians to participate in the ceremony marking the 10th anniversary of the September 11 terrorist attacks, New York City Mayor Michael Bloomberg announced during his weekly radio address Friday.

Also in attendance will be governors Andrew Cuomo of New York and Chris Christie of New Jersey, as well as former New York State Gov. George Pataki, who was in office at the time of the terrorist attacks.

FULL STORY

Filed under: George W. Bush • President Obama
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