October 4, 2013 |
Kevin Drum lists them as succinctly as one could hope. The key point to remember is No. 1, as I pointed out here : Whatever happens, the ridiculous and economically devastating sequester survives. Reach me at @hiltzikm on Twitter , Facebook , Google+ or by email . MORE FROM MICHAEL HILTZIK A way to make Wall Street pay its fair share How obscene is the CEO/worker pay gap? Why public employees should have the right to strike
October 4, 2013 |
Add it to the long list of things affected by the government shutdown: vehicle recalls. With the shutdown entering its fourth day on Friday, the number of recalls has slowed to a trickle, with only one automaker opting to announce a recall voluntarily. Traditionally, announcing vehicle recalls is the duty of the National Highway Traffic Safety Administration, an arm of the Department of Transportation. Like many government-funded entities, NHTSA has had to dramatically curtail its operations since the federal government shutdown on Tuesday.
September 27, 2013 |
WASHINGTON - The legislation the Senate passed Friday to prevent a government shutdown landed with a thud in the House, where the Republican majority has no clear strategy for ending the standoff threatening to close shutter the government at midnight Monday. House Speaker John A. Boehner (R-Ohio) left the Capitol after a mid-morning meeting with his leadership team without publicly revealing a strategy. Boehner plans to assemble rank-and-file Republicans at noon Saturday to discuss the alternatives.
October 3, 2013 |
President Obama has canceled his long-planned trip to Southeast Asia because of the government shutdown, White House spokesman Jay Carney said Thursday night. The president was scheduled to leave Saturday to attend the Asia-Pacific Economic Cooperation summit in Indonesia and the East Asia Summit in Brunei. "The cancellation of this trip is another consequence of the House Republicans forcing a shutdown of the government," Carney said. "This completely avoidable shutdown is setting back our ability to create jobs through promotion of U.S. exports and advance U.S. leadership and interests in the largest emerging region in the world.
October 17, 2013 |
The first government shutdown in nearly 20 years ended late Wednesday after Congress agreed on a deal to fund the government through Jan. 15. and raise the nation's debt limit through Feb. 7. The 16-day ordeal took a toll on the national economy, economists said. Here's a by-the-numbers breakdown of the effects: $24 billion: That's the overall impact to the U.S. economy, according to an estimate by Standard & Poor's. 2.4%: ...
October 17, 2013 |
As The Times' editorial board noted Thursday, the Senate deal that reopened the government and raised the debt ceiling didn't resolve the dispute between Republicans and Democrats over fiscal policy, the 2010 healthcare law or other major issues. It simply bought time for the two sides to negotiate. Funding for the government runs out on Jan. 15, and the debt limit comes back into play on Feb. 7. Some readers -- and pundits -- argue that we're still trapped in a dysfunctional cycle, doomed to reel from crisis to crisis.
October 1, 2013 |
In February 1860, Abraham Lincoln gave a speech at New York's Cooper Union that many historians believe catapulted him onto the national stage and into the presidency. It may even be more pertinent today for what he said about intransigent political blocs. A few excerpts : Your purpose, then, plainly stated, is that you will destroy the Government, unless you be allowed to construe and enforce the Constitution as you please, on all points in dispute between you and us. You will rule or ruin in all events.
October 1, 2013 |
WASHINGTON -- With signs of slowing in the important housing industry recently, home builders and others have been waiting for government updates on construction activity. They'll have to keep waiting, now that the lights are out in many federal offices. In the first economic-data casualty of the government shutdown Tuesday, the Commerce Department did not release its monthly construction spending report. Spending had eased earlier in the summer as higher mortgage rates seemed to be crimping activity, but expectations were for a decent uptick in August.
CALIFORNIA | LOCAL
September 30, 2013 |
Newt Gingrich can't be serious. Of all the people in the world who ought to be wary of a federal government shutdown, it should be former House Speaker Gingrich, whose political career flamed out spectacularly after he orchestrated two federal shutdowns over a budget impasse with then-President Clinton. In an essay published Monday , the co-host of CNN's “Crossfire,” has urged House Republicans to stick to their guns and allow the federal government to close down in order to teach the president a (flawed)
September 29, 2013 |
WASHINGTON - Lawmakers appeared no closer to a deal to avert a government shutdown after midnight action in the House to delay President Obama's healthcare law, with both parties trading accusations Sunday about who would be to blame for an impasse. Neither the House nor Senate planned to meet Sunday, with fewer than 36 hours left to approve a new stopgap spending measure. Instead, members of Congress fanned out to the TV networks' Sunday news shows to react to mostly party-line votes the House took overnight to again send the spending bill back to the Senate with provisions to undermine the Affordable Care Act. Republicans have insisted that such provisions be part of any deal to keep federal agencies open once the new budget year begins Tuesday.