Monthly Archives: July 2011

Congress Close To Debt Deal –

Posted on 31. July 2011 by Jim Sutliff

Congress is close to an agreement on a deal to raise the debt ceiling.  Republican and Democratic Senators are meeting on Sunday in an attempt to finalize a deal before the financial markets open on Monday.  The Dollar fell against all … Continue reading →

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Oil Sands Pipeline Bill –

Posted on 27. July 2011 by Jim Sutliff

The Republican controlled House passed a bill that would require the Obama administration to approve or deny a permit for an oil sands pipeline by November 1st.  The bill passed the House with a vote of 279-147.  The Canadian pipeline would provide … Continue reading →

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Moody’s Lowers Credit Rating For Greece –

Posted on 25. July 2011 by Jim Sutliff

Moody’s lowered the credit rating for Greece and indicated that they will likely be in default.  After the debt exchange of the EU rescue package, Moody’s may raise the credit rating.  Standard & Poor’s and Fitch rate Greece similarly to … Continue reading →

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Republican Camp Talks Debt Deal –

Posted on 23. July 2011 by Jim Sutliff

Republican Congressman Dave Camp predicted that there will be a compromise to raise the $14.3 trillion debt ceiling by August 2nd.  Camp would like the debt deal to include an overhaul of the tax code.  In addition, Camp has indicated that any … Continue reading →

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Boehner Predicts Compromise –

Posted on 21. July 2011 by Jim Sutliff

Republican John Boehner predicted that the GOP will compromise on raising the debt ceiling.  The House Speaker expects a majority of the Republicans will approve a modified plan proposed by the Senate even without a balanced budget amendment.  According to Democratic … Continue reading →

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States May Face Downgrade –

Posted on 19. July 2011 by Jim Sutliff

Moody’s has indicated that bond ratings of some states may be downgraded if the debt limit is not raised.  The states that depend heavily on federal revenue are likely to be hurt most by a default.  Five states with high bond ratings that … Continue reading →

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Republican McConnell Offers Debt Plan –

Posted on 12. July 2011 by Jim Sutliff

Republican Senator Mitch McConnell has a backup debt plan in the event that a broader compromise isn’t reached.  The McConnell debt plan would raise the debt ceiling in three increments over the next 18 months.  The plan is a backup … Continue reading →

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Obama News Conference Set For Monday –

Posted on 10. July 2011 by Jim Sutliff

The debt negotiations between Republicans and Democrats have broke down and are scheduled to start again on Monday morning.  In addition, Obama is set to hold a press conference relating to the debt negotiations at 11 AM on Monday morning.  To read … Continue reading →

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Iowa Straw Poll –

Posted on 8. July 2011 by Jim Sutliff

The Iowa Straw Poll is scheduled for August 13th at Iowa State University in Ames Iowa.  The straw poll is a Republican fundraiser and very important for several candidates.  Tim Pawlenty and Michele Bachmann are two Republican candidates that are … Continue reading →

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Republicans Talk Taxes –

Posted on 6. July 2011 by Jim Sutliff

Republican Representative Eric Cantor indicated that there could be a compromise on tax loopholes.  Republicans and Democrats have been in talks about raising the $14.3 trillion debt ceiling and have been negotiating tax loopholes, tax increases, and spending cuts.  The … Continue reading →

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GOP Gains In North Carolina Redistricting –

Posted on 1. July 2011 by Jim Sutliff

The draft map for redistricting in North Carolina strongly favors Republicans.  The new districts solidify current Republican seats and place four Democratic seats into Republican leaning districts.  The four Democrats that are in danger of losing are Brad Miller, Heath … Continue reading →

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