President Barack Obama will meet with top congressional leaders on Friday to discuss the deep, automatic U.S. government spending cuts slated to go into effect that day, congressional and White House officials said on Wednesday.
Obama is set to meet with Republican Speaker of the House of Representatives John Boehner, Senate Republican leader Mitch McConnell, Democratic Senate Majority Leader Harry Reid and Nancy Pelosi, the House Democratic leader.
The meeting would be the first between the leaders this year, despite weeks of haggling over whether and how Washington could avoid the cuts known as the “sequester,” which the White House has warned will cause damage to U.S. economic growth.
Considering he has yet to meet with Congressional leaders this year, and scheduled a post-sequester meeting two days before the cuts are triggered, does this seem like a gamble by the President to lay blame for the sequestration at the feet of Republicans to anybody else?
14:18 // 1 year ago
Senate Minority Leader Mitch McConnell (R-Ky.) could see a primary challenge from local businessman Matt Bevin, who sources say is reaching out to Tea Party groups in the state to gauge support for a 2014 Senate run.
Sarah Duran, president of the Louisville Tea Party, told The Hill that Bevin had been in touch with her over the phone to discuss his run multiple times over the past few weeks, and that he met with the group two weeks ago to discuss his interest in the race.
While exploring one’s options is far from being the same as declaring candidacy, the emergence of a strong Tea Party alternative like Matt Bevin could hurt McConnell in the long run, particularly if it forces the Senate stalwart to move any farther to the right on hot button issues. With many expecting actress Ashley Judd to challenge McConnell as well, the five-term Senator could have his work cut out for him during the 2014 midterm elections.
19:33 // 1 year ago
Vice President Biden and Senate Minority Leader Mitch McConnell were close to a deal Monday to cancel historic tax hikes for most Americans. But they were still hung up on spending, with Democrats resisting a Republican proposal to delay automatic spending cuts for just three months.
As President Obama prepared to deliver remarks about the “fiscal cliff” at 1:30 p.m. at the White House, negotiators for the administration and McConnell (R-Ky.) appeared to have nailed down many of the most critical tax issues, including a plan to let taxes rise on income over $450,000 a year for couples and $400,000 a year for individuals, according to people in both parties familiar with the talks.
The “fiscal cliff” situation is still looking pretty grim, but Democrats and Republicans continue to insist that they’re making headway in their continued negotiations on Monday. While we’re certainly hopeful that the two sides can come together in agreement to prevent tax hikes for 90 percent of Americans, it’s hard to have much faith when they’ve got less than twelve hours to reach a compromise that has eluded them for months.
We guess now would be as good a time as any for everyone to start crossing their fingers…
14:36 // 1 year ago