Senate debt deal vote likely Tuesday
August 1st, 2011
05:31 PM ET
3 years ago

Senate debt deal vote likely Tuesday

WASHINGTON (CNN) – Democratic and Republican leaders in the Senate are working on an agreement to hold the debt-ceiling vote on Tuesday, according to multiple Senate leadership aides from each party. The aides say the Senate vote is very likely to happen on Tuesday.


Filed under: Debt • Deficit • Senate
SuperPACs raise $26 million in 2011
August 1st, 2011
04:22 PM ET
3 years ago

SuperPACs raise $26 million in 2011

(CNN) – Twenty-six million dollars was raised by Super PACs in the first half of 2011, 83 percent of which came from five groups, according to filings with the Federal Election Commission.

The five groups that accounted for $22 million of the total were: Restore Our Future, American Crossroads, Priorities USA Action, American Bridge 21st Century and Majority PAC, according to the Sunlight Foundation.
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Students to feel pinch in debt deal
August 1st, 2011
04:09 PM ET
3 years ago

Students to feel pinch in debt deal

WASHINGTON (CNNMoney) – Some students will have to start paying off their loans while they're in school under a last-minute debt ceiling deal to keep the country out of default and reduce deficits by at least $2.1 trillion over a decade.

As part of the savings to trim the deficits, Congress would scrap a special kind of federal loan for graduate students. So-called subsidized student loans don't charge students any interest on the principal of student loans until six months after students graduated.

FULL STORY

Filed under: CNNMoney.com • Debt • Deficit • Education
Can they still raise taxes? Well, depends on who you believe
August 1st, 2011
02:53 PM ET
3 years ago

Can they still raise taxes? Well, depends on who you believe

Washington (CNN) – As the details of the debt ceiling deal start to emerge, it's not surprising that there's a disagreement between the White House and Republicans on whether the deficit reduction committee can or will tackle tax reform.

However, the politics of these positions are fairly clear: Republicans want to reassure members that taxes aren't really on the table, and Democrats want to reassure members that they are.

FULL STORY

Filed under: Congress • Debt • Deficit • Democrats • President Obama • Republicans • Taxes
BLITZER'S BLOG: Debate is just beginning
August 1st, 2011
02:16 PM ET
3 years ago

BLITZER'S BLOG: Debate is just beginning

Washington (CNN) - If you liked the debt ceiling debate of recent days, you probably will love the debate that will occur in the days leading up to Thanksgiving this year.

If you hated the current debate, you probably will despise the one coming up in four months.

FULL STORY

Filed under: Debt • Deficit • TV-The Situation Room
Pelosi on debt deal: 'Not one red cent from the wealthiest people'
August 1st, 2011
01:32 PM ET
3 years ago

Pelosi on debt deal: 'Not one red cent from the wealthiest people'

Washington (CNN) – House Minority Leader Nancy Pelosi continued to withhold her endorsement for the debt deal Monday, even though President Obama said Sunday night Congressional leaders were on board.

Speaking to reporters on her way into a closed door meeting with House Democrats Monday, Pelosi said, "We're very concerned that a bill that makes these big cuts and has no – not one red cent from the wealthiest people in our country – no revenue – is very disconcerting, that is."
FULL POST


Filed under: Debt • Deficit • Nancy Pelosi
2012 candidates sound off on debt deal
August 1st, 2011
12:43 PM ET
3 years ago

2012 candidates sound off on debt deal

(CNN) – Varied reactions to the debt deal are coming from Republican presidential candidates following Sunday's agreement between the White House and Congressional leaders to raise the nation's debt ceiling before the August 2 deadline.

Former Massachusetts Gov. Mitt Romney, who kept his distance from the debate ahead of the agreement, said as president his plan "would have produced a budget that was cut, capped and balanced," that did not leave the door open to higher taxes and cuts to defense spending.
FULL POST


Filed under: 2012 • Congress • Debt • Deficit • Jon Huntsman • Michele Bachmann • Mitt Romney • Newt Gingrich
CBO: Debt ceiling deal cuts at least $2.1 trillion
August 1st, 2011
12:28 PM ET
3 years ago

CBO: Debt ceiling deal cuts at least $2.1 trillion

NEW YORK (CNNMoney) - The last-minute debt ceiling deal Congress is racing to enact would reduce deficits by at least $2.1 trillion over 10 years.

That's the verdict from the all-important nonpartisan Congressional Budget Office, which is the official scorekeeper for all legislation.

FULL STORY

Filed under: Congress • Congressional Budget Office • Debt • Deficit
House vote could be squeaker
August 1st, 2011
12:18 PM ET
3 years ago

House vote could be squeaker

Washington (CNN) - A Democratic official involved in the effort to secure the votes in the House and Senate for the debt deal says there is more concern about the vote tally in the House than the Senate, where it looks like it will get the 60 votes needed without much drama.

In the House, Democrats who favor the deal are concerned about a very close vote – maybe a squeaker.
FULL POST


Filed under: Debt • Deficit • House
House to vote before Senate on raising debt ceiling
August 1st, 2011
11:56 AM ET
3 years ago

House to vote before Senate on raising debt ceiling

(CNN) - The House of Representatives will vote before the Senate on the bipartisan plan to raise the debt ceiling, according to two House GOP leadership sources.


Filed under: Congress • Debt • Deficit
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