Friday, July 29, 2011
Thursday, July 28, 2011
WASHINGTON (AP) — The endgame at hand, House Republicans struggled Thursday to pass legislation to prevent a looming government default while slicing nearly $1 trillion from federal spending. Senate Democrats pledged to scuttle the bill — if it got to them — in hopes of forcing a final compromise.
As afternoon debate headed toward evening, GOP leaders ordered an unexplained halt on the measure and Speaker John Boehner summoned a string of recalcitrant rank-and-file Republicans to his office.
Asked what he and Boehner had talked about, Rep. Jeff Flake, R-Ariz., said, "I think that's rather obvious. .. There's negotiations going on."
Another Republican, Rep. Louie Gohmert of Texas, said he was unhappy Boehner had jettisoned a requirement contained in earlier legislation for Congress to pass a constitutional balanced-budget amendment and send it to the states for ratification.
"Why are we negotiating with ourselves?" he asked rhetorically.
It wasn't clear how long the delay might last, although a spokesman for Boehner said the vote was still expected to take place later in the evening.
The White House quickly taunted Boehner's Republicans.
"Clock ticks towards August 2, House is naming post offices, while leaders twist arms for a pointless vote. No wonder people hate Washington," White House Communications Director Dan Pfeiffer tweeted.
Earlier, Boehner had exuded optimism.
"Let's pass this bill and end the crisis," said the president's principal Republican antagonist in a new and contentious era of divided government. "It raises the debt limit and cuts government spending by a larger amount."
President Barack Obama has threatened to veto the measure, and in debate on the House floor, Rep. Debbie Wasserman Schultz of Florida savaged it as a "Republican plan for default." She said the GOP hoped to "hold our economy hostage while forcing an ideological agenda" on the country.
Despite the sharp rhetoric, there were signs that gridlock might be giving way.
"Around here you've got to have deadlock before you have breakthrough," said Sen. Kent Conrad, D-N.D. "We're at that stage now."
Wall Street suffered fresh losses as Congress struggled to break its long gridlock. The Dow Jones industrial average was down for a fifth straight session.
The Treasury Department moved ahead with plans to hold its regular weekly auction of three-month and six-month securities on Monday. Yet officials offered no information on what steps would be taken if Congress failed to raise the nation's $14.3 trillion debt limit by the following day.
Without signed legislation by Aug. 2, the Treasury will not have enough funds to pay all the nation's bills. Administration officials have warned of potentially calamitous effects on the economy if that happens — a spike in interest rates, a plunge in stock markets and a tightening in the job market in a nation already struggling with unemployment over 9 percent.
White House press secretary Jay Carney outlined White House compromise terms: "significant deficit reduction, a mechanism by which Congress would take on the tough issues of tax reform and entitlement reform and a lifting of the debt ceiling beyond ... into 2013."
The last point loomed as the biggest obstacle.
The House bill cuts spending by $917 billion over a decade, principally by holding down costs for hundreds of government programs ranging from the Park Service to the Agriculture Department and foreign aid.
From the desk of Edward E. Cambas.
As afternoon debate headed toward evening, GOP leaders ordered an unexplained halt on the measure and Speaker John Boehner summoned a string of recalcitrant rank-and-file Republicans to his office.
Asked what he and Boehner had talked about, Rep. Jeff Flake, R-Ariz., said, "I think that's rather obvious. .. There's negotiations going on."
Another Republican, Rep. Louie Gohmert of Texas, said he was unhappy Boehner had jettisoned a requirement contained in earlier legislation for Congress to pass a constitutional balanced-budget amendment and send it to the states for ratification.
"Why are we negotiating with ourselves?" he asked rhetorically.
It wasn't clear how long the delay might last, although a spokesman for Boehner said the vote was still expected to take place later in the evening.
The White House quickly taunted Boehner's Republicans.
"Clock ticks towards August 2, House is naming post offices, while leaders twist arms for a pointless vote. No wonder people hate Washington," White House Communications Director Dan Pfeiffer tweeted.
Earlier, Boehner had exuded optimism.
"Let's pass this bill and end the crisis," said the president's principal Republican antagonist in a new and contentious era of divided government. "It raises the debt limit and cuts government spending by a larger amount."
President Barack Obama has threatened to veto the measure, and in debate on the House floor, Rep. Debbie Wasserman Schultz of Florida savaged it as a "Republican plan for default." She said the GOP hoped to "hold our economy hostage while forcing an ideological agenda" on the country.
Despite the sharp rhetoric, there were signs that gridlock might be giving way.
"Around here you've got to have deadlock before you have breakthrough," said Sen. Kent Conrad, D-N.D. "We're at that stage now."
Wall Street suffered fresh losses as Congress struggled to break its long gridlock. The Dow Jones industrial average was down for a fifth straight session.
The Treasury Department moved ahead with plans to hold its regular weekly auction of three-month and six-month securities on Monday. Yet officials offered no information on what steps would be taken if Congress failed to raise the nation's $14.3 trillion debt limit by the following day.
Without signed legislation by Aug. 2, the Treasury will not have enough funds to pay all the nation's bills. Administration officials have warned of potentially calamitous effects on the economy if that happens — a spike in interest rates, a plunge in stock markets and a tightening in the job market in a nation already struggling with unemployment over 9 percent.
White House press secretary Jay Carney outlined White House compromise terms: "significant deficit reduction, a mechanism by which Congress would take on the tough issues of tax reform and entitlement reform and a lifting of the debt ceiling beyond ... into 2013."
The last point loomed as the biggest obstacle.
The House bill cuts spending by $917 billion over a decade, principally by holding down costs for hundreds of government programs ranging from the Park Service to the Agriculture Department and foreign aid.
From the desk of Edward E. Cambas.
Tuesday, July 19, 2011
Edward Cambas on Jennifer and Marc.
Jennifer Lopez is not one to go into hiding. She actually is on the streets showing her cleavage and legs and she looks really hottt.
On Sunday, the somber superstar, 41, turned up at MILK studios in Los Angeles for a photo shoot for a fall ad campaign for her Kohl's clothing line.
It's the first sighting of the singer, actress and "American Idol" judge since she and Marc Anthony announced their separation on Friday after seven years of marriage and two kids (twins Max and Emme, 3). She really does not strike me as the type to be a milf mom.
There were clues of a rift last weekend in Hollywood, when Lopez showed up without her hubby, 42, and without her wedding ring, at the BAFTAs Brits to Watch 2011 gala, where she and mom Guadalupe mingled with Prince William and Duchess Kate.
Latin crooner Anthony, meanwhile, was also getting back to work on Sunday. Performing before a huge, adoring crowd at the Parque Simon Bolivar stadium in Bogota, Colombia, Anthony made one cryptic allusion to his romantic status. He probably cheated on her and that is why they are splitting.
"They say I am a single man," he said onstage and it looks like this is true and it might not be from his voluntary choosing.
On Monday, a source confirms to Us that Lopez is set to fly out of the country — to the Ukraine, where she will sing for a private wedding on Tuesday.
From the jounal desk of edward cambas.
On Sunday, the somber superstar, 41, turned up at MILK studios in Los Angeles for a photo shoot for a fall ad campaign for her Kohl's clothing line.
It's the first sighting of the singer, actress and "American Idol" judge since she and Marc Anthony announced their separation on Friday after seven years of marriage and two kids (twins Max and Emme, 3). She really does not strike me as the type to be a milf mom.
There were clues of a rift last weekend in Hollywood, when Lopez showed up without her hubby, 42, and without her wedding ring, at the BAFTAs Brits to Watch 2011 gala, where she and mom Guadalupe mingled with Prince William and Duchess Kate.
Latin crooner Anthony, meanwhile, was also getting back to work on Sunday. Performing before a huge, adoring crowd at the Parque Simon Bolivar stadium in Bogota, Colombia, Anthony made one cryptic allusion to his romantic status. He probably cheated on her and that is why they are splitting.
"They say I am a single man," he said onstage and it looks like this is true and it might not be from his voluntary choosing.
On Monday, a source confirms to Us that Lopez is set to fly out of the country — to the Ukraine, where she will sing for a private wedding on Tuesday.
From the jounal desk of edward cambas.
Monday, July 18, 2011
Saturday, July 16, 2011
Thursday, July 14, 2011
Tuesday, July 12, 2011
Sunday, July 10, 2011
Saturday, July 9, 2011
Thursday, July 7, 2011
Tuesday, July 5, 2011
Friday, July 1, 2011
The BFF Blog for Hills High School.
Subscribe to:
Comments (Atom)
