Washington

“Top Republican Cathy McMorris Rodgers may face ethics probe”


LEADER NANCY PELOSI TO BE INTERVIEWED ON “MEET THE PRESS”


LEADER NANCY PELOSI

LEADER NANCY PELOSI

“Leader Pelosi will be interviewed live by David Gregory of NBC’s Meet the Press on Sunday, November 17th from the NBC News’ Washington Bureau.  The interview will air at the top of the 10:30 a.m. ET hour on NBC Channel 4 in Washington.  Please check your local listings for exact times and station details in your area.”

“This is it: Senate scrambles on last-minute deal as debt deadline looms”


NBC NEWS

By Carrie Dann, Political Reporter, NBC News

With world watching, Congress against wall for last-minute fiscal solution

The nation is just hours away from a crucial deadline to avert default on its debts and Washington remains muddled in a risky legislative process that has the American people and the rest of the world holding its collective breath.

After a furious day of Republican proposals ended with a thud and no House votes to advance a plan, lawmakers have even less time to approve a measure to increase the nation’s borrowing power and end a dragging government shutdown.

Senate leaders say they are closing in on a deal that could pass the upper chamber with bipartisan support but it’s unclear how fast they can get it to the president’s desk.

FULL  ARTICLE

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“Fitch signals it could downgrade U.S. credit rating”


NBC NEWS

One of the country’s three major credit rating agencies signaled Tuesday that it could downgrade the U.S. rating, citing the impasse in Washington over raising the debt ceiling.

Fitch Ratings put the U.S. government‘s AAA credit rating on “rating watch negative,” which means there’s a higher probability of a rating change, and that it could be negative.

“Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default,” the rating agency wrote in a statement.

S&P 500 futures fell 9.6 points while Dow Jones industrial average futures sank 60 points and Nasdaq 100 futures fell 7.5 points after the announcement Tuesday.

The three main credit rating agencies have all warned, in varying degrees, that the United States’ rating could be cut if it hit the Oct. 17 deadline when Washington is expected to run out of cash to pay its bills.

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“Government shutdown, day 14: Where does it go from here?”


NBC NEWS

By Tim Curry, National Affairs Writer, NBC News

Harry Reid (D-NV), United States Senator from ...

Harry Reid (D-NV), United States Senator from Nevada and Majority Leader of the United States Senate (Photo credit: Wikipedia)

Washington is deadlocked as it enters the 14th day of a partial government shutdown that has already led to furloughs of 350,000 federal workers, canceled military training missions and slowed economic growth. Now, the United States is just days away from losing its ability to borrow money and faces the prospect of defaulting on its bonds.

Following multiple talks between Republican congressional leaders and President Barack Obama over the past two weeks, the negotiations are now focused on Senate leadership from both sides of the aisle.  Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell launched last-ditch negotiations over the weekend to end the spending and debt stalemate, but they may not be able to reach an agreement that can pass both the House and Senate.

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“What’s the worst that could happen? 7 debt-default doomsday scenarios”


NBC NEWS

By Jeff Cox, CNBC.com

Faced with some Republicans shrugging their shoulders at the thought of the U.S. defaulting on its debt obligations for the first time ever, notable economists are warning that the consequences would be the economic equivalent of a swarm of frogs and a plague of locusts.

The worst of the doomsday scenarios painted by economists involve an outright depression, as the effects of missing a debt interest payment cascade through the economy, financial markets and ultimately to Main Street.

While many analysts agree that a default still remains unlikely, warnings are beginning to intensify that Washington is skating too close to a perilous line.

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“Does Obama want to attack Syria or not?”


THE WASHINGTON POST

By Eugene Robinson, Opinion Writer

 

The Obama administration keeps undermining its own case for a punitive strike in Syria. If the president wants permission from Congress and support from the American people, he and his aides had better get their story straight.

The “messaging,” to use an unfortunate Washington term, has been confusing, contradictory and halfhearted. The nation simply will not approve going to war if its leaders cannot coherently explain what they want to do, how they plan to do it and why.

Secretary of State John Kerry threw mud into turbid waters Monday when he said the attack would be an “unbelievably small, limited kind of effort.” This punch line came at the end of a string of similar assurances: no “troops on the ground,” nothing “prolonged,” merely a “very targeted, short-term” affair.

But if the attack is designed to be so limited, why bother? Why not just send a special envoy to give Syrian dictator Bashar al-Assad a stern talking-to, followed perhaps by a reassuring hug?

FULL  ARTICLE

 

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