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via Jeremy Herb, The Hill’s Ballot Box The tight presidential race has all but ensured that Congress will not pass a bill before the election that would halt sequestration cuts to the military. President Obama and presumptive GOP nominee Mitt Romney have traded barbs over sequestration as the issue has amplified on the campaign trail … Continue reading
via Amy Bingham, ABC News Now that the 12-member congressional “supercommittee” has announced its failure to produce an all-encompassing, deficit-reduction package before its Wednesday deadline, the full Congress faces deadlines of its own. Before lawmakers pack up for Christmas, they must first decide whether to extend the payroll tax break and long-term unemployment benefits, both … Continue reading
via Ryan Teague Beckwith, Roll Call News The super committee has officially failed. In a joint news release, Joint Committee on Deficit Reduction Co-Chairmen Sen. Patty Murray (D-Wash.) and Jeb Hensarling (R-Texas) said they concluded today that they will not be able to make “any bipartisan agreement” public before the deadline. The brief statement was … Continue reading
via Jeremy Herb and John T. Bennett, The Hill A supercommittee failure would trigger at least $500 billion in cuts to national security spending, but there is no consensus on just where they will be made. Lawmakers included the automatic cuts in the debt ceiling deal as an incentive to get Congress to agree to … Continue reading
House Speaker John Boehner (R-Ohio) criticized President Obama’s jobs plan in an economic address in Washington on Thursday, calling it “a poor substitute for the pro-growth policies that are needed to remove barriers to job creation in America.” In a speech to the Economic Club of Washington, Boehner outlined the Republican plan for job creation … Continue reading
The Brandt Standard 