FROM Neil Buchanan
Will the Senate and Congress Pass the Debt-Ceiling Deal? Late last night, the President and Congressional leaders announced a debt-ceiling deal . The trade-off is deficit reduction that relies entirely on spending cuts and no increases in taxes. It still may not pass both houses, but here's how it stands. Almost no Democrats are willing to go past tomorrow's deadline without raising the debt ceiling. But a lot of Republicans are willing to risk the first default in American history. It's a dynamic that doesn't create a deal so much as it creates a "ransom." We hear what the President and leaders of Congress agreed to and what it could mean for their partisan rank and file, the American people and the global economy.
Will the Senate and Congress Pass the Debt-Ceiling Deal? Late last night, the President and Congressional leaders announced a debt-ceiling deal . The need for last night's so-called compromise was forced by Tea Party Republicans ready to risk the first default in American history, but they still might not vote for it. The President says he had no choice but to reduce the debt with drastic cuts and no revenue, so angry liberal Democrats might not vote for it either. It's a dynamic that doesn't create a deal so much as it creates a "ransom." If it does pass, the spending cuts might further slow the economic recovery. It won't create jobs, and it lets unemployment extensions expire for 14 million Americans. We hear about the terms of the deal and what might happen if it passes — or fails.
Trump fires FBI Director James Comey Vice President Mike Pence took the Administration's lead today in explaining why the President fired the Head of the FBI, saying, "The president made the right decision at the right time." Trump's action is being compared to the so-called "Saturday Night Massacre" that led to President Richard Nixon's resignation in 1973.
Healthcare debate now shifts to the Senate Both parties are celebrating yesterday's House bill to repeal and replace Obamacare. House Republicans are cheering because they were able to pass it. Democrats are happy because they think it's so bad. We look at the details… and the politics.