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Tag: debt ceiling

August 3, 2011 | 2:58 pm

Audio: Frank Rich on the Debt Deal “Disaster”

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Nine Bay Area Democrats voted for the final debt-ceiling legislation that President Obama and Republicans painfully hammered out, and five voted yes, including Minority Leader Nancy Pelosi. The yeses were reluctant yeses, the nos were hell-nos. For instance… From Barbara Lee: “Enough is enough. We cannot allow the extreme Tea Party Republicans to advance their […]

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Morning Splash: Debt Deal Becomes Law; SF Cab Fares Rising; SJ Tables Tax Measure; Oakland’s National Night Out

August 3, 2011 | 7:13 am

Morning Splash: Debt Deal Becomes Law; SF Cab Fares Rising; SJ Tables Tax Measure; Oakland’s National Night Out

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Debt ceiling bill becomes law, averting default (NY Times) The Senate voted Tuesday to raise the government’s debt ceiling and cut trillions of dollars from its spending, concluding a long and fractious partisan battle just hours before the government’s borrowing authority was set to run out. The bill, which passed 74-26, was immediately signed by […]

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August 2, 2011 | 11:10 am

Obama Signs Legislation Raising Debt Ceiling

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WASHINGTON (AP) — The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline. The vote was 74-26. Obama signed the bill little more than an hour later. Tuesday’s vote capped an extraordinarily difficult Washington battle pitting tea […]

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How Did Bay Area House Members Vote on Debt Bill?; Obama’s Relationship With Liberals

August 2, 2011 | 9:02 am

How Did Bay Area House Members Vote on Debt Bill?; Obama’s Relationship With Liberals

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Radio segment, message board: Obama, the debt ceiling, and the left – will liberal dissatisfaction over the compromise pose a political problem for the president? Here’s the final roll call from yesterday’s House vote on raising the debt ceiling while mandating about $2 trillion in spending cuts over the next 10 years, legislation that many […]

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House Passes Debt Deal; Senate to Vote Next

August 1, 2011 | 3:49 pm

House Passes Debt Deal; Senate to Vote Next

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From AP: The House has passed legislation designed to keep the government from defaulting on its debts. The measure also sets a course for reducing the federal deficit in the future. The Senate, where support is stronger, is expected to take up the bill on Tuesday, the deadline for Congress to act before the government […]

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Morning Splash: Debt Deal Reached, Faces Vote One Day Before Deadline

August 1, 2011 | 7:51 am

Morning Splash: Debt Deal Reached, Faces Vote One Day Before Deadline

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Obama and Leaders Reach Debt Deal (NY Times) President Obama and Congressional leaders of both parties said late Sunday that they had agreed to a framework for a budget deal that would cut trillions of dollars in federal spending over the next decade and clear the way for an increase in the government’s borrowing limit. […]

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Boehner Rewrites His Bill, Conservatives Climb on Board; Live Debt Limit Coverage

July 29, 2011 | 10:21 am

Boehner Rewrites His Bill, Conservatives Climb on Board; Live Debt Limit Coverage

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Live coverage: U.S. House (C-SPAN) U.S. Senate (C-SPAN) NPR reports You can hear Democratic Minority Leader Nancy Pelosi’s take on things in this video of her press conference yesterday: “The Republicans all along have used deficit reduction as an excuse for the unraveling of progress made for the middle class over the past 50 years,” […]

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Morning Splash: House GOP Fails to Pass Debt Plan; Final Redistricting Maps; SFPD Says Harding Gun Found; Ed Lee; Amazon Tax Dispute

July 29, 2011 | 7:44 am

Morning Splash: House GOP Fails to Pass Debt Plan; Final Redistricting Maps; SFPD Says Harding Gun Found; Ed Lee; Amazon Tax Dispute

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House Again Seeks Votes, After Failing to Pass Debt Plan (NY Times) House Republican leaders, who had abruptly put off a vote on their proposal to raise the debt ceiling and cut government spending, called their rank and file back into another closed-door session on Friday to resume their overnight search for the last few […]

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July 28, 2011 | 10:40 am

Debt Debate Update

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The House is expected to vote on the GOP debt-ceiling plan today, a plan that Senate Majority Leader Harry Reid says will be dead on arrival in that body. Watch debt debate and House votes on C-SPAN The S&P 500 has fallen three days in a row, but is currently up about a half-percent now, […]

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July 27, 2011 | 2:10 pm

The Debt Ceiling: What’s Different This Time and Why?

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You may be too busy stocking up on bottled water and ammunition right now to watch cable news, but CNN’s current graphic is: “Countdown to U.S. Default.” (Actually, they just changed it to “Amy Winehouse Albums Sales Surge.” But you get the point.) The situation: If the U.S. doesn’t raise by Aug 2 (or thereabouts) […]

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