It seems fitting that a British paper, The Daily Mail, summed up better than any American paper the events that played out, like a Shakespearean tragicomedy, in Washington today: Republican House Speaker John Boehner and Texas Senator Ted Cruz have dramatically caved in to pressure, paving the way for a Democrat-led bill to pass and… Read more.
debt ceiling
Debt ceiling: crisis averted, but reputational damage done
Unfortunately, negotiating with Republicans these days is rather like negotiating with suicide bombers. Yet, despite this kabuki dance (or game of chicken — complete with daily dueling press conferences), I have no doubt that the debt ceiling will be raised before the August 2 deadline. (Washington’s political food fight over debt ceiling, The iPINIONS Journal,… Read more.
UPDATE: President and Speaker give dueling TV addresses on debt ceiling
Last night President Obama (for the Democrats) and House Speaker John Boehner (for the Republicans) gave back-to-back, nationally televised addresses on the stalemate in negotiations to raise the government’s debt ceiling to avoid default as well as the economic Armageddon that would trigger. But anyone hoping to hear anything that would indicate a resolution to this looming… Read more.
Washington’s political food fight over the debt ceiling
I appreciate that many of you are surprised, if not disappointed, that I have not commented on the ongoing bickering between Republicans (led by House Speaker John Boehner) and Democrats (led by President Barack Obama) over raising the U.S. government’s debt ceiling. Truth be told, I’ve just been loath to dignify the sausage-making process these… Read more.