The approaching economic crisis

April 5, 2011 One Cent Solution

President Obama is reaching out to Senator Reid and House Speaker John Boehner (R-Ohio) in what The Washington Post’s Felicia Sonmez called “a rare personal intervention,” inviting the two lawmakers to a budget meeting at the White House today, reports the Washington Post. With the April 8 deadline approaching, Congress needs to reach a decision [...]

A sign of hope in budget debate, still waiting for long-term solution

March 31, 2011 One Cent Solution

Republicans and Democrats on Capitol Hill are finally getting close to an agreement that would cut federal spending by as much as $33 billion and avoid a government shutdown, according to the Washington Post. After meeting with Senate Democratic leaders at the Capitol Wednesday evening, Vice President Biden told reporters, “We’re all working off the [...]

Will the government close for business?

March 30, 2011 One Cent Solution

A majority of Washington budget and policy experts surveyed by The Fiscal Times said they expect a government shutdown of at least a few days after the latest stop-gap spending measure expires April 8. The list of experts can be found on page two of this article. Sixty-one percent of the Washington experts surveyed said [...]

Americans need leadership, not a “shutdown showdown”

March 29, 2011 One Cent Solution

Legislators continue to bicker over negotiations regarding government funding and the national debt. News articles are becoming less optimistic that a deal will be reached by April 8 in order to avoid a government shutdown. What’s disappointing is that we continue to hear criticism from both Democrats and Republicans who blame one another for the [...]