Politics

6:15pm

Thu October 10, 2013
It's All Politics

Main Street Frustrated By Washington's 'Total Absurdity'

Originally published on Fri October 11, 2013 9:49 am

Local chamber of commerce leaders are frustrated with D.C. and fear that Main Streets like this one in Catskill, N.Y., will suffer economic fallout from the unending bickering.
Mike Groll AP

Steve Stevens wants politicians in Washington to know that the budget stalemate is having real consequences back home.

"There comes a point where they've got to know about the pain in their district," says Stevens, who is president of the Northern Kentucky Chamber of Commerce. "We've got to put a real face on it."

That kind of argument isn't having much effect, at least not in his own backyard. The local congressman, Rep. Thomas Massie, is a freshman Republican who has remained an adamant supporter of his party's shutdown strategy.

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5:33pm

Thu October 10, 2013
It's All Politics

How Political Miscalculations Led To The Shutdown Standoff

Originally published on Thu October 10, 2013 8:33 pm

The Capitol is seen under an overcast sky at dawn on Monday.
J. Scott Applewhite AP

The standoff over the debt ceiling and the government shutdown showed signs of softening Thursday.

House Speaker John Boehner said he would bring a temporary hike in the debt ceiling to the House floor in exchange for negotiations on government spending and taxes. Democrats say if the House votes to raise the debt ceiling and reopen the government, they will negotiate.

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5:12pm

Thu October 10, 2013
Politics

GOP's Short-Term Debt Deal May Be Hard Sell For House Democrats

Originally published on Thu October 10, 2013 8:33 pm

A possible deal is brewing between the White House and the GOP House leadership, but it's unclear if Congressional Democrats will go along with it. To find out, Robert Siegel talks to Maryland Rep. Chris Van Hollen, the top Democrat on the House Budget Committee, to hear how the proposal to extend the debt ceiling deadline into late November is being received by his fellow party members.

5:12pm

Thu October 10, 2013
Politics

House Republicans Move To Avert Debt Crisis...For A While

Originally published on Thu October 10, 2013 8:33 pm

The 10-day-old government shut down and the need to raise the federal debt limit next week have been tied together as a single political crisis. But now, House Republicans seem ready to cleave the debt ceiling debate. Economists of all stripes say breaching the debt ceiling could be catastrophic, and on Thursday, House Speaker John Boehner said he is prepared to support a bill to raise the debt ceiling for six weeks if the president will agree to negotiations on long-term deficit reduction.

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5:12pm

Thu October 10, 2013
Politics

Here Comes The Debt Ceiling...But Does That Mean?

Originally published on Thu October 10, 2013 8:33 pm

Transcript

MELISSA BLOCK, HOST:

As the debate over the debt ceiling continues, we thought it'd be helpful to explain just how the Treasury pays bills and how many bills it pays. To help with that, we brought in Tony Fratto. He was assistant secretary for public affairs at the U.S. Treasury under the George W. Bush administration.

TONY FRATTO: The best estimates are around four million transactions a day, on the order of around 100 million transactions a month, so it's a lot.

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5:12pm

Thu October 10, 2013
Politics

Boehner's New Pitch To Republicans And Obama: Push Back Debt Deadline

Originally published on Thu October 10, 2013 8:33 pm

House Speaker John Boehner pitched his Republican caucus Thursday on the idea of pushing back the debt limit deadline from next week to late November.

1:59pm

Thu October 10, 2013
The Two-Way

Former Detroit Mayor Kilpatrick Sentenced To 28 Years

Originally published on Thu October 10, 2013 2:45 pm

Former Detroit Mayor Kwame Kilpatrick on his way into court in March in Detroit.
Regina H. Boone MCT /Landov

A federal judge on Thursday sentenced former Detroit Mayor Kwame Kilpatrick, who was once a rising star in the Democratic Party, to 28 years in prison over charges of corruption.

As we've reported, "Kilpatrick has faced a small mountain of charges in recent years and already served some time in prison for other crimes."

The AP reports:

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12:41pm

Thu October 10, 2013
The Two-Way

Treasury Secretary: Debt Default Would Have Dire Consequences

Originally published on Thu October 10, 2013 1:49 pm

Treasury Secretary Jack Lew testifies during a Senate Finance Committee hearing on Thursday.
Mark Wilson Getty Images

Treasury Secretary Jacob Lew urged lawmakers on Thursday to raise the government's borrowing limit or face the prospect of causing lasting damage to the U.S. economy.

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12:33pm

Thu October 10, 2013
The Two-Way

After White House Meeting, Both Sides Agree To Keep Talking

Originally published on Thu October 10, 2013 7:48 pm

House Speaker John Boehner of Ohio arrives on Capitol Hill on Thursday.
Susan Walsh AP
This post was last updated at 7:19 p.m. ET.

After an hour-long meeting with President Obama, Republicans said they have agreed to keep talking, in hopes of bridging a gulf that has already led to a government shutdown and is threatening the first default in U.S. history.

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12:32pm

Thu October 10, 2013
It's All Politics

Koch Industries Pushes Back Against Harry Reid

Originally published on Thu October 10, 2013 2:26 pm

David Koch addresses attendees of the Defending the American Dream Summit in Orlando, Fla., on Aug. 30.
Phelan M. Ebenhack AP

Most business interests would do anything to avoid a public fight with the most powerful man in the Senate.

Not Koch Industries.

The privately owned conglomerate of conservative billionaires David and Charles Koch is busy trading volleys with Majority Leader Harry Reid in the battle over the Affordable Care Act and the government shutdown.

What's unusual here is the word trading. It wasn't so many years ago that the Koch brothers and their company would have said nothing, just absorbed political slams without comment.

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