Politics

11:12am

Thu October 17, 2013
It's All Politics

10 Takeaways From The Fiscal Fight

Originally published on Thu October 17, 2013 12:50 pm

With the shutdown-debt ceiling fight over, Speaker John Boehner, R-Ohio, appeared to strengthen his hand within the House GOP caucus but weaken it outside that group.
Evan Vucci AP

With the double crises of a partial government shutdown and a potential debt default resolved, it's a good time to consider some of the lessons we learned from the dysfunction and drama of recent weeks.

Here are 10 of them:

Shutting Down The Government Is Not A Winning Political Strategy

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10:29am

Thu October 17, 2013
The Two-Way

Economists: Shutdown Will Shave Half-Percent From Quarterly GDP

Originally published on Thu October 17, 2013 3:06 pm

The government shutdown has taken a toll on the nation's economy and despite a deal that sidesteps a debt default and restarts the government (at least for a few months), growth forecasts for the last quarter of the year are being scaled back.

Economist Mark Zandi of Moody's Analytics has shaved his gross domestic product forecast from a 2.6 percent annualized rate to 2.1 percent for the last three months of the calendar year.

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9:14am

Thu October 17, 2013
It's All Politics

Thursday Morning Political Mix

Originally published on Thu October 17, 2013 9:48 am

Good morning.

The newspapers hit the front porch this morning with a familiar thud. (Yes, some of us still like the feel of paper in the morning.)

"SHUTDOWN ENDS" shouted The Washington Post.

"REPUBLICANS BACK DOWN, ENDING BUDGET CRISIS" The New York Times intoned.

And online (yes, some of us also like the morning glow of our devices), the post-shutdown/debt crisis postmortems were piling up like so many pages of regulations in the Affordable Care Act.

But first, the details, quickly:

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7:46am

Thu October 17, 2013
The Two-Way

House Stenographer Seizes Microphone In Bizarre Rant

Originally published on Thu October 17, 2013 10:54 am

In one of the strangest moments of a strange few weeks on Capitol Hill, a House stenographer broke into a rant about God, the Constitution and Freemasonry as representatives cast their votes Wednesday on a deal to reopen the government.

"He will not be mocked," the stenographer, later identified as Dianne Reidy, yelled into the microphone at the chamber's rostrum. "The greatest deception here is that this is not one nation under God. It never was. It would not have been. The Constitution would not have been written by Freemasons. They go against God."

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7:09am

Thu October 17, 2013
The Two-Way

Federal Workers Head Back To Jobs As Government Reopens

Originally published on Thu October 17, 2013 10:49 am

A furloughed federal worker protests outside the U.S. Capitol last week, demanding an end to the shutdown.
Win McNamee Getty Images

Hundreds of thousands of federal workers on furlough for two weeks are going back to work after Congress approved a late-night deal Wednesday to fund the government and stave off default.

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4:54pm

Wed October 16, 2013
Politics

Boehner Signals He'll Cave To Stave Off Debt Default

Originally published on Wed October 16, 2013 6:39 pm

With hours left before the U.S. Treasury could start defaulting on its obligation, House Speaker John Boehner finally appears to have relented to allow an end to the standoff using a mix of Democratic and Republican votes.

4:54pm

Wed October 16, 2013
Politics

Pew Poll: Support For Tea Party Drops To Lowest Ever

Originally published on Wed October 16, 2013 6:39 pm

Transcript

AUDIE CORNISH, HOST:

Politicians and pollsters alike are watching to see how all this plays out. The Pew Research Center has just finished a poll to gauge the effect the shutdown and the debt ceiling debate have had on the Tea Party's image.

And joining us is Michael Dimock, director of Pew. Welcome back, Michael.

MICHAEL DIMOCK: Thanks for having me.

CORNISH: So, before we get into the numbers, just give us a snapshot of what you would consider your average Tea Party conservative. Who are they?

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4:54pm

Wed October 16, 2013
Politics

Rep. Rigell: It's Time To Pass A Clean Resolution

Originally published on Wed October 16, 2013 6:39 pm

Transcript

AUDIE CORNISH, HOST:

Virginia Republican Scott Rigell was elected to the House of Republicans in the Tea Party wave of 2010, but in recent days, he's argued for compromise. When I reached Congressman Rigell earlier today, he was already certain how he'd vote on this Senate deal.

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4:54pm

Wed October 16, 2013
Politics

Finally, An End In Sight For The Government Shutdown

Originally published on Wed October 16, 2013 6:39 pm

The government shutdown should end tonight and America should be able to pay its bills. Both the House and Senate will vote this evening on legislation to achieve those goals. For months, President Obama has said he would not negotiate with Republicans in Congress about Obamacare or the federal deficit until those goals were met. After weeks of stalemate and more than two weeks into a partial shut down of the federal government, the GOP met his demands.

4:54pm

Wed October 16, 2013
Economy

Economists Say Fiscal Fits And Starts Hurt U.S. Growth

Originally published on Wed October 16, 2013 7:45 pm

Traders at the New York Stock Exchange on Wednesday. Stocks surged on Wall Street after Senate leaders reached a deal that would avoid a U.S. default and reopen the government after 16 days of being partially shut down.
Seth Wenig AP

On Wednesday, the stock market cheered the debt ceiling deal in Congress. The Dow gained 206 points and all the major indexes closed higher.

Investors of course have been watching the showdown in Washington very closely, since a default could have been a global financial disaster. At the same time, economists are trying to figure out how much the jitters and uncertainty over all this has been hurting the economy.

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