Category Archives: Democrat

Democrat

Florida GOP Debate –

Republican Presidential  candidates squared off last night in their third debate in less than a month.  Social security and immigration were two of the main issues discussed in the debate.  Most of the action was between frontrunner Rick Perry and … Continue reading

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Senate Increases Debt Ceiling –

The Senate voted 52-45 to increase the debt limit by $500 billion.  The vote came on Thursday night after the jobs speech by Obama and before the NFL season opener.  Democratic Senator Ben Nelson voted with the Republicans and Republican Senators Corker … Continue reading

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Reagan Debate: Perry & Romney –

The debate at the Ronald Reagan Presidential Library took shape as a showdown between Rick Perry and Mitt Romney.  Perry had taken the frontrunner status from Romney and perfomed well in his first Presidential debate.  There will be two more … Continue reading

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Job Growth Stalls –

The Labor Department released employment figures for the month of August and job growth remained flat.  The data sent the Dow Jones Industrial Average down almost 200 points in afternoon trading.  Another round of stimulus could be discussed at the next meeting of … Continue reading

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Debt Concerns Grow –

World leaders are meeting this weekend to discuss the debt crises in Europe and the United States.  The downgrade of U.S. debt by Standard and Poor’s on Friday will test the strength of financial markets.  Also, markets may negatively react if the … Continue reading

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Senate Supports Debt Plan –

The Senate voted 74-26 in support of the debt plan.  The plan was supported by 46 Democrats and 28 Republicans.  The plan is expected to cut spending by $2.4 trillion and raise the debt ceiling by $2.1 trillion.  However, most of … Continue reading

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House Passes Debt Legislation –

The House passed legislation to raise the debt ceiling with a vote of 269-161.  Only 66 Republicans opposed the bill and 95 Democrats supported the legislation.  The legislation will raise the debt ceiling by $2.1 trillion and cut federal spending by $2.4 trillion.  … Continue reading

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Congress Close To Debt Deal –

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 –

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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Republican Camp Talks Debt Deal –

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 –

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 –

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 –

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 –

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 –

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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