Senate Leaders Urge President Obama To Consider ‘Any Lawful Steps’ To Avoid Default

President Obama should consider “any lawful steps,” including action without congressional approval, to raise the federal debt ceiling in order to avoid a repeat of the brinksmanship last seen on the issue in 2011, top Senate Democrats advise. In a letter to the president dated January 11, the Senate Democratic leadership warns Obama not to fall prey once again to intransigence and obstruction from Republicans, who made a political issue over raising the debt limit which ultimately downgraded the government’s sterling credit rating. The Democrats’ letter doesn’t mention it explicitly, but it would seem to be tacit approval over a plan to mint a $1 trillion coin to avoid the sort of damaging negotiations with GOP lawmakers over the debt … Continue reading

On Healthcare Reform, Schumer Tells GOP: Get Over It

Now that the Supreme Court largely has upheld healthcare reform, a top Senate Democrat has a message to all of the law’s conservative opponents: Get over it. Problem is: the Republicans aren’t likely to listen. After two years of fierce opposition and vitriol from the right regarding healthcare reform, the Supreme Court ruled Thursday in favor of most of the key aspects of the landmark 2010 law. Sen. Chuck Schumer of New York, the third-highest-ranking Senate Democrat, says it’s time for the GOP to finally let go of the “Obamacare” boogeyman. “This decision preserves not only the health care law, but also the Supreme Court’s position as an institution above politics. Just as Speaker Boehner vowed not to spike the … Continue reading