Category Archives: Budget

Budget

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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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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Deficit Negotiations –

Posted on 20. June 2011 by Jim Sutliff

Negotiations on the deficit and the debt ceiling are making progress in Congress.  Democrat Senator Dick Durbin indicated that a delay could force interest rates higher.  Democrats are attempting to raise the debt ceiling and Republicans are proposing budget cuts to lower the … Continue reading →

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Debt Ceiling Increase Voted Down –

Posted on 1. June 2011 by Jim Sutliff

A measure that would have increased the U.S. debt ceiling by $2.4 trillion was voted down in the House of Representatives.  The House voted 318-97 with 236 Republicans and 86 Democrats voting against the legislation.  For passage, the measure required 277 votes or two thirds … Continue reading →

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Democrats Target Medicare Plan –

Posted on 1. May 2011 by Jim Sutliff

Senate Democrats are expected to vote on a house measure that would change Medicare benefits.  The move is an aggressive step by Senator Reid and Congressional Democrats.  Republicans have kept the Democrats on the defensive over the last few months regarding federal … Continue reading →

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U.S. Debt Outlook Cut To Negative –

Posted on 18. April 2011 by Jim Sutliff

Standard & Poor’s cut the outlook for U.S. debt from stable to negative.  This is the first time in history that the S & P has cut the outlook for U.S. debt.  The stock market reacted by pulling back almost … Continue reading →

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Deficit Cuts May Effect Rates –

Posted on 14. April 2011 by Jim Sutliff

Political pressure to cut the deficit has led Republicans and Democrats to propose spending cuts.  The cuts could have an effect on the steps taken by the Federal Reserve.  The Fed is more likely to keep rates at or near the current low rate due to lower … Continue reading →

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Obama Deficit Cuts –

Posted on 13. April 2011 by Jim Sutliff

Obama brought the budget battle to the national media with a speech this afternoon.  Obama promised to cut the deficit by $4 trillion over the next 12 years.  The Obama budget plans to use spending cuts and tax increases to achieve the … Continue reading →

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Government Shutdown Averted –

Posted on 9. April 2011 by Jim Sutliff

Republicans and Democrats reached a deal in the final hours to prevent a government shutdown.  The deal cut a record $38.5 billion of spending from the budget for the second half of the year.  A short term spending bill was … Continue reading →

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Investor Reaction To Government Shutdown –

Posted on 8. April 2011 by Jim Sutliff

CNN Money has an article on investor reactions to a possible government shutdown.  The possibility of a government shutdown hasn’t had a major effect on trading activity.  Wall Street is being influenced by rising crude oil prices, geopolitical tensions, and … Continue reading →

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Government Shutdown Closures –

Posted on 7. April 2011 by Jim Sutliff

The deadline for a government shutdown is approaching and the Washington Wire has an article on the effects of a shutdown.  Washington Wire lists several Federal agencies and the possible consequences for each agency if a spending bill is not approved.  … Continue reading →

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Government Shutdown –

Posted on 5. April 2011 by Jim Sutliff

The Democrats have rejected a Republican budget proposal that would remove $33 billion in spending.  Democrats have also refused to accept another Republican proposal that would include $12 billion in spending cuts but would extend the talks for another week.  … Continue reading →

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