Hot Air » default

Cornyn: We’re going to raise the debt ceiling; Update: House to push debt limit to … April 15?

Ed Morrissey — Fri, 18 Jan 2013 16:01:02 +0000

"I will tell you unequivocally, we're not going to default."

As House Republicans meet for their annual retreat to plot strategy, Senate Republicans have a message for them — don’t even think about denying a debt-ceiling increase. John Cornyn told the Houston Chronicle that Republicans will vote to raise the debt ceiling before it hits: Sen. John Cornyn of Texas, the Republican whip, said in Houston Thursday [...]

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Paul Ryan: We’re considering a short-term debt-ceiling extension

Allahpundit — Thu, 17 Jan 2013 21:41:19 +0000

Compromise?

Time to regroup? “We’re discussing the possible virtue of a short-term debt limit extension so that we have a better chance of getting the Senate and the White House involved in discussions in March,” Ryan, R-Wis., revealed during an off-camera discussion with reporters tracking the retreat. “What we want to achieve at the end of [...]

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National Review: The GOP should take default off the table in debt-ceiling negotiations

Allahpundit — Tue, 15 Jan 2013 15:31:59 +0000

Tactics.

They’re not saying Republicans should cave and raise the debt ceiling across the board, they’re saying the GOP should pass something that lets Treasury continue to borrow only for the purpose of paying interest owed to creditors. Missing those payments would mean true default and a potential meltdown for global markets, which is why Democrats [...]

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Keep hope alive: Jay Carney refuses to rule out insane trillion-dollar coin idea

Allahpundit — Thu, 10 Jan 2013 00:31:46 +0000

"I have no coins in my pockets."

Via Mediaite. In fairness, he’s almost ruling it out: The clip begins with a giggle when Chuck Todd asks him about it and then he spends three minutes insisting that there’s no alternative to raising the debt ceiling. Realistically, the White House has too much invested in their narrative that the House GOP is off-the-grid [...]

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U.S. Postal Service reports major losses… again

Erika Johnsen — Thu, 09 Aug 2012 21:21:02 +0000

Stuck on stupid.

I know, I know — it’s silly of me to expect or even hope that a government-run service should ever be forced to cope with fiscal realities, especially once said service is practically obsolete and has long since outlived it’s ability to just break even (because that right there would pretty much disqualify the entire [...]

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Open thread: House to vote on debt deal at 2 p.m.? Update: Still awaiting speeches, votes, while Moody’s and S&P’s continue to warn of a downgrade Update: Pelosi says “Vote your conscience” as Biden says “This will pass”

Tina Korbe — Mon, 01 Aug 2011 17:30:21 +0000

Try to please everybody, end up pleasing nobody.

Leaders on both sides of the aisle have begrudgingly praised the Budget Control Act of 2011, and newspapers this morning hailed it as the deal to prevent default, but the bill isn’t quite “done and done.” Supposedly, Speaker John Boehner hopes the House will vote first on the deal as a special “Message to the [...]

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