The Congressional “super committee” to tackle the national debt has begun to take shape. Harry Reid, Mitch McConnell, and John Boehner have all named their representatives to the committee. Here is what it looks like so far: Harry Reid’s appointments: Patty Murray of Washington, John Kerry of Massachusetts and Max Baucus of Montana Mitch McConnell’s appointments: Jon Kyl of Arizona, [...]

By Robert Romano – Patriotic Americans who see the nation teetering on the brink of financial ruin and demand real reforms to rein in the spiraling debt are an imminent threat to the Republic. That was apparently Joe Biden’s take on tea party demands that any increase to the national debt ceiling be accompanied by trillions of reduced borrowing.  “They [...]

By Frank McCaffrey – “Lord Of The Rings” fans will be excited to find out that Washington has put out a new sequel to their favorite movie franchise. It’s called “Ignored For The Ring” Check out this preview:

By Rick Manning – When it takes about five minutes for President Obama and Senate Majority Leader Harry Reid (D-Nev.) to sign on to a new debt deal, perhaps Republicans should look for the trapdoors. Based upon press reports, here are just four. Contrary to what the deal states, it actually guarantees a tax increase. The “deal” sets the CBO [...]

By Bill Wilson – A late deal struck by House and Senate leaders to raise the debt ceiling — with spending cuts that won’t balance the budget anytime soon, if ever — is a sad commentary on the state of affairs in Washington. There is no solution to the problem in sight. It leaves the American people short-changed; who in [...]

Barack Obama, Harry Reid, and Mitch McConnell have reached a debt deal agreement, while Boehner possible holds out. The deal would cut as little as $2 trillion over the next decade. Boehner is supposedly concerned that the deal would cut too much from the Pentagon, and is still considering whether he will support the legislation. Further trouble for the compromise [...]

Harry Reid’s debt plan is the latest debt ceiling increase legislation to die in Congress. By a vote of 173-246, the House put the kibosh on Harry Reid’s debt plan. House Majority Leader Cantor announces that the House will not have any more votes until Monday at noon.

By Robert Romano  – Can’t these guys count? Credit rating agencies Moody’s, S&P, and Fitch have explicitly warned that if Congress does not enact a fiscal consolidation plan totaling at least $4 trillion over the next ten years, the nation’s Triple-A credit rating will be downgraded. In this context, on July 25, competing proposals were released by the House and [...]

By Bill Wilson - With White House talks ended over Obama’s insistence on job-killing tax increases, it is time for House Speaker John Boehner to turn up the pressure for spending cuts on the Senate. On July 22, just minutes after defeating the House-passed “Cut, Cap, and Balance” plan to trim the deficit by $5.8 trillion over the next ten years [...]

Harry Reid will call for a vote to TABLE ‘Cut, Cap, and Balance’ tomorrow in the U.S. Senate. This vote only requires a majority to pass. If it is tabled, then the cloture vote for CCB will never occur, and Harry Reid will have pushed CCB over the cliff. Contact your Senator now and tell them to defend ‘Cut, Cap, [...]