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Toomey Downplays Debt Limit Worries

By Philip Bunnell Senator Pat Toomey (R-Pa.) said Wednesday that the U.S. won’t necessarily experience an economic catastrophe should Congress fail to authorize an increase in the nation’s debt limit this summer. Speaking at the American Enterprise Institute, the Pennsylvania Republican downplayed the impacts of not raising the borrowing limit by August 2, the date […]

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Gang Of Six Stalls, Coburn Bails

Sen. Tom Coburn (R-Okla.) said he will no longer participate in budget deficit negotiations via the “Gang of Six,” leaving a sputtering band of five behind.  “We’re at an impasse,” Coburn  said. “There’s no reason to sit and talk about the same things over and over and not get any movement.” Coburn’s departure will stymie […]

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Former National Security Adviser Urges Lawmakers To Stand By Pakistan

By Philip Bunnell Retired General James Jones, the former National Security Advisor for the Obama administration, told the Senate Foreign Relations Committee Tuesday that while Pakistan may not be doing enough to fight terror, lawmakers should attempt to see the situation from the country’s perspective. “If you were to have a discussion with the Pakistani […]

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Reid Goes Off Message During Oil Subsidy Debate

Senate Majority Leader Harry Reid (D-Nev.) doesn’t seem to be too interested in what a pair of congressional studies have shown and what members of his own party have said about a bill to end tax breaks to large oil companies. Reid stated on Tuesday that the legislation is necessary to bring down the rising […]

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Senators Ask FTC To Probe Possible Price Fixing By Oil Refineries

Several U.S. senators will ask the Federal Trade Commission Tuesday to investigate oil refiners for failing to produce gasoline at their full potential, consequently keeping gas prices high.  Senate Majority Leader Harry Reid (D-Nev.) is among the senators who plan to send a letter to the FTC Chair Jon Leibowitz seeking the investigation. The group […]

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New GOP Proposal To Balance Budget In Five Years

In what they call a “Cut, Cap and Balance” approach to solving the nation’s fiscal mess, a group of House Republicans introduced legislation Friday that they say would balance the budget in five years while simultaneously creating a $190 billion surplus.  With hopes of their legislation being included in current budget negotiations, Reps. Jack Kingston […]

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Report: Herb Kohl To Retire

Longtime Wisconsin Sen. Herb Kohl (D) has reportedly decided to make next year his last in the Senate. Kohl, 76, will later today announce his decision to step down rather than seek reelection in 2012. He has been in office since 1988. His family owns the Kohl’s department store chain and the Senator personally owns […]

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McConnell: No Tax Increases In Debt Limit Vote

Senate Minority Leader Mitch McConnell (R-Ky.) told reporters Thursday that not one Republican in his conference will vote for a debt limit increase that includes any form of tax increase. Following a meeting at the White House this morning with President Obama and other Senate Republicans, McConnell made clear what his party wants in exchange […]

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Oil Bosses Defend Tax Breaks

The heads of five of the largest oil and gas companies in the world told lawmakers on Thursday that it would be unwise to take away key tax breaks. In testimony before the Senate Finance Committee, the chief executives of Exxon, Shell, BP, Chevron and Conoco-Phillips argued in unison that ending so-called “tax incentives” would […]

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Lindsey Graham: GITMO Is The Humane Choice

Sen. Lindsey Graham (R-S.C.) argued Wednesday that keeping the Guantanamo Bay detention facility open is a humane choice, given the alternatives. Graham said that closing the facility would lead to U.S. forces being coerced into “killing people instead of capturing them, because there’s no jail.” The Senator added that the other alternative would be extradition, […]

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Pentagon Announces Failed Hostage Rescue Mission

The rescue operation, conducted “earlier this summer,” was an attempt to free American hostages believed to be held in Syria by the terrorist group, the Islamic State

LISTEN: The World in Two Minutes – August 20, 2014

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Global reaction to the killing of American journalist James Foley. President Obama says justice will be served, while the UK warns of risks to the homeland.

Pentagon Considering More Troops In Iraq

While the decision is still underway, U.S. senior officials say that no more than 300 U.S. military personnel would travel to Baghdad

World Is ‘Appalled’ By Foley Execution, Obama Says

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“No just God would stand for what they did yesterday or every single day,” Obama said.

Polls: 74% Of Blacks, 88% Of Whites Have Confidence In Police

25 percent of blacks and 12 percent of whites said that they have “very little” to no confidence.

White House Confirms Authenticity Of Foley Execution Video

James Foley. Photo: Nicole Tung.

The video released Tuesday showed Foley, who had been missing since his kidnapping in 2012, being executed by a member of ISIS.