Congressional Gridlock

Time is ticking away for the Super Committee to agree to $1.2 trillion in deficit reduction measures. Only 91 days remain until the deadline for compromise. This deadline doesn’t give lawmakers much time to reach agreement -- by way of comparison, the Bowles-Simpson commission took over 200 days to release its report.

August 24, 2011

This summer, the divisive partisan politics in Washington reached an all-time high. We’ve seen our government truly break down, unable to perform even the most fundamental of its duties.

We are seeing the real effects of gridlock. Financial markets are in a tailspin and the downgrade will likely make it more expensive for ordinary citizens and American businesses to borrow. Thanks to Washington’s hyper-partisanship, we are facing the possibility of a double-dip recession.

August 12, 2011

"There was an adult conversation missing" from the debt ceiling debate, said Jonathan Miller, a co-founder of the group No Labels, which wants to restore bipartisanship. The public agrees, according to polls. But with elections approaching and positions fixed, Miller asks, "Will the pressures be too great to present a bi-partisan agreement?"

August 12, 2011

Congress’s response to the downgrading of the US credit rating Friday was to fall back on partisan talking points – a response that tends to confirm Standard & Poor's criticism that the US may lack the political capacity to solve its debt crisis.

August 6, 2011

 

 

Congress’s turn this week to unusually pointed and personal attacks could signal trouble as lawmakers work to close a deal on raising the debt ceiling, now set at $14.3 trillion.

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July 1, 2011

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