cut-cap-balance

Senate Rejects 'Cut, Cap and Balance'

Jim Newell · 07/22/11 10:32AM

The Senate has rejected House Republicans' favorite deficit-reduction plan, "Cut, Cap and Balance," on a 51-46 vote. Now, at least, the worst of the many bad pieces of legislation currently under consideration is gone.

The Anti-Climactic Debt Ceiling Endgame Is Coming Into Focus

Jim Newell · 07/18/11 11:29AM

What will be the final budget-cuttin' number Congress agrees on before raising the debt ceiling, assuming they don't go with "the apocalypse option" instead? Two trillion? Four trillion? Nine trillion bajillion dollars? Let's go with "zero trillion but something that lets Republicans pretend to look tough anyway" as the probable end to this farce of a government negotiating process.