John Boehner gets a major test of his leadership today when his plan to increase the debt limit gets a vote in the House. I think he’ll pass, as he’s designed the test and can give out the answer sheets, to use a pretty poor metaphor. I don’t believe Boehner
Standard and Poor’s rogue actions violate the Securities and Exchange Act, by giving the impression to the political class that they must reduce the deficit by $4 trillion in the next 90 days to avoid a credit downgrade (S&P, mindful of this violation, is now saying that they’ve been misquoted).
House Speaker John Boehner has retooled his bill and submitted it to CBO, and CBO responded by affirming that it would cut the deficit by $917 billion over the next decade, along with setting up a process for another $1.8 trillion through a Catfood Commission II. Boehner didn’t actually do
Here you are, people, with tonight’s roundup: • Jonathan Bernstein’s rah-rah for the Reid plan over the Boehner plan doesn’t say one thing different than what I’ve been saying – the only significant difference between the two plans is the timing of the debt limit increase (and as I’ve said,
I think we’re reaching a semantic game with respect to the US military presence in Iraq. The political community just won’t ask for an extension of military troops. But the leadership appears to be falling back to allowing trainers to work with Iraqi security forces. That’s what Iraqi Foreign Minister
I think Nate Silver is basically correct that this debt limit debate is over, except for figuring out who has to endure the ritual humiliation in the end. But that does not mean that the debt limit will be increased before August 2. In fact, I think we’ve run out