For all the commotion — some would say insanity — that Washington created over the fiscal cliff these last few weeks, you’d think final approval of a bill late Tuesday night to avoid the cliff would mark lots of changes in tax rates for average Americans. Not so.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
The debt ceiling crisis is over. The Senate passed a bill of compromise that the House approved last night and President Barack Obama has signed it.
During a Monday, closed-door caucus meeting on the debt ceiling, Congressman Mike Doyle, from Pennsylvania, likened negotiating with Republican Tea Party members to dealing with terrorists, to which Vice President Joe Biden was said to agree.
KDKA AM’s Larry Richert and John Shumway talk to Congressmen Jason Altmire (D) and Tim Murphy (R) about the debt ceiling deal.
Local members of Congress disagree on how important it is to raise the debt ceiling by August 2.
As politicians in Washington fail to compromise on the nation’s debt ceiling, local financial analysts worry about the impact on us.
Robert Mangino talks with Mark Hulbert, editor of Hulbert Financial Digest and syndicated economic columnist, about the debt ceiling and the impending Aug. 2 deadline for a possible government default.