Wednesday, July 20, 2011

Obama endorses 'Gang of Six' deficit plan - politics - Capitol Hill - msnbc.com

Obama endorses 'Gang of Six' deficit plan - politics - Capitol Hill - msnbc.com

President Barack Obama gave his endorsement Tuesday to a deficit reduction plan offered by a bipartisan group of six senators, but cautioned, "There are still going to be a lot of difficult negotiations."

House approves GOP debt plan opposed by Obama - On Politics: Covering the US Congress, Governors, and the 2010 Election - USATODAY.com

House approves GOP debt plan opposed by Obama - On Politics: Covering the US Congress, Governors, and the 2010 Election - USATODAY.com

BLOG: Obama's words

By Mark Wilson, Getty Images

Obama said this afternoon at the White House he understands why Boehner and Republicans have scheduled a vote, but reiterated that he believes the GOP proposal is "not a plan that could pass both chambers" and "not a plan I would sign."

Friday, July 8, 2011

In his meeting with congressional leaders today, President Obama said he would veto any deficit reduction bill that doesn't raise the debt ceiling unt

President Obama Threatens to Veto Deficit Reduction Package Without Extension of Debt Ceiling to After 2012 Election
July 07, 2011 6:50 PM

In his meeting with congressional leaders today, President Obama said he would veto any deficit reduction bill that doesn't raise the debt ceiling until after the November 2012 election, sources tell ABC News.
The president argued that this was a time to think big, sources said, and House Speaker John Boehner, R-Ohio, agreed. Though how to get there is another matter.
As we reported yesterday, the president today outlined three options.
One is a smaller, short term deficit reduction measure, a second would reduce the deficit by the same amount that the Congress would vote to increase the debt ceiling, roughly $2 trillion, as negotiated in the talks led by Vice President Biden.
The president argued for a third option, to seize this moment and go beyond that and try a third option, addressing new revenues and taxes, entitlement spending, defense spending, and discretionary spending, putting together a larger package that seriously addresses the deficit and steers the nation towards a more fiscally sustainable path.
All three scenarios he spelled out need to extend the debt ceiling until after the election, he said.
-Jake Tapper

Obama On Deficit Meeting With Congressional Leaders: 'Nothing Is Agreed To, Until Everything Is Agreed To' - Political Punch

Obama On Deficit Meeting With Congressional Leaders: 'Nothing Is Agreed To, Until Everything Is Agreed To' - Political Punch


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ABC News’ Mary Bruce (@marykbruce) Reports:
President Obama said today that he and congressional leaders had “a very constructive meeting” on the deficit this morning but that a deal has not yet been reached.
“People were frank. We discussed the various options available to us. Everybody reconfirmed the importance of completing our work and raising the debt-limit ceiling so that the full faith and credit of the United States of America is not impaired,” Obama said in an appearance in the White House briefing room. “I want to emphasize that nothing is agreed to until everything's agreed to, and the parties are still far apart on a wide range of issues.”
The leadership will work with their staffs over the weekend and reconvene at the White House on Sunday “with the expectation that at that point the parties will at least know where each other's bottom lines are, and will, hopefully, be in a position to then start engaging in the hard bargaining that's necessary to get a deal done,” Obama said.
The president said that the leaders came to the White House today “in a spirit of compromise” and that “everybody acknowledged that the issue of our debt and our deficits is something that needs to be tackled now” before the hard August 2 deadline to raise the country’s $14.3 trillion debt limit.
Ultimately, Obama said everyone in the meeting acknowledged “there is going to be pain involved politically on all sides” to reach a deal of the nation’s deficit.

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Link Roundup—July 7th, 2011
Posted by Mary on July 07, 2011
President Obama gave a short statement to the press earlier this afternoon on finding a balanced approach to deficit reduction.
Read his full statement here.
A new study out today has
confirmed just how important health insurance and the Medicaid program really are to folks' health and financial well-being.
In Everett, Washington, you
couldn’t miss the volunteers registering voters this Fourth of July — they were carrying almost enough balloons to float them away.
And finally, supporters and staff in Iowa tweeted their way through the Independence Day celebrations. Read their tweets and check out
some great photos here.