by Roger Hickey | Aug 3, 2011 | Blog
Democratic House Leader Nancy Pelosi (D-CA) and Senate Democratic Leader Harry Reid (D-NV) should use their power to appoint members of the “Super Committee” created by the new debt ceiling legislation to make sure that the Democratic half of that powerful group will...
by Richard Eskow | Aug 2, 2011 | Blog, Economy
In the wake of a deal that included all the wrong things, today the President finally said all the right things. His agreement with the Republicans included no investment in economic growth, no job creation, no tax increases on the wealthy, no closing of corporate...
by Isaiah J. Poole | Aug 2, 2011 | Blog, Economy
Even Wall Street today rendered an unexpectedly brutal verdict on the passage of the deficit-reduction deal signed off on by President Obama and congressional leadership. Today, the Dow Jones Industrial Average fell more than 265 points, falling below 12,000. The...
by Robert Borosage | Aug 2, 2011 | Blog
The debt ceiling agreement passed by Congress today sets up a 12-person "super committee" with extraordinary powers and the mandate to locate $1.5 trillion in spending cuts and/or increased revenues for expedited vote by December. The Republican and...
