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Postal Service hits borrowing limit

October 18, 2012 Congress went into recess without moving on postal reform, and now the cash situation at the U.S. Postal Service is looking mighty grim: the agency hit its congressionally determined $15 billion borrowing limit on Sept. 28, USPS spokesman David Partenheimer confirms to the Alley. The USPS can only borrow from ...

Obama orders flags flown at half-staff for Arlen Specter

October 15, 2012 American flags at the White House and public, federal government buildings will be flown at half-staff to honor Sen. Arlen Specter, who died Sunday. President Barack Obama issued the proclamation today, ordering that the flags will be flown at half-staff on Specter's day of interment "as a mark of respect ...

Groups begin lobbying on non-defense sequestration cuts

October 12, 2012 Just about everyone on K Street is ramping up their sequestration and fiscal cliff lobbying efforts, not just those concerned about defense cuts. Health care lobbyists have already been working the Hill. Now, massive coalitions of labor, religious, small business and social service groups are forming, sending letters and setting ...

Big Bird pulled into politics (again)

October 4, 2012 Romney, Obama, Reid, Boehner, whatever. You know who's really dominating political talk today? Big Bird. Republican presidential candidate Mitt Romney professed his love of the giant yellow guy during last night's debate, after saying he'd cut federal funding from PBS as part of his plan to tackle the deficit. Today, ...

Are Republicans wavering ahead of the fiscal cliff?

October 3, 2012 Look out, because here comes the fiscal cliff, and as crisis-mode builds up, Republican resolve against raising taxes may be dissipating. Sort of. There may be some signs of bipartisan wheeling and dealing in the Senate, where more than a dozen GOP senators could concede to raising taxes on the ...

Bipartisan group of senators sounds the sequester alarm

September 24, 2012 Lawmakers may have left town, but some are already readying the groundwork for lame duck sequester negotiations. A bipartisan group of six senators sent a letter to Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell, saying that a sequestration alternative has to be decided upon before January, ...

Lawmakers disagree on whether to cook Big Bird

September 20, 2012 There has been plenty of discussion over the looming cuts if sequestration actually goes down, and now everyone's favorite yellow winged beast has been pulled into the fray. The National Institutes of Health could stand to face $2.5 billion in automatic cuts, according to the White House's sequester report. And ...

Pelosi blames Boehner for fiscal cliff

September 11, 2012 House Democratic Leader Nancy Pelosi Tuesday afternoon jumped on House Speaker John Boehner's comment this morning that he is "not confident at all" that a fiscal cliff deal will be reached, suggesting that the gridlock is due to Republican "intransigence and partisan obstructionism." "With our nation inching closer to the ...

House speaker 'not confident' of getting fiscal cliff deal

September 11, 2012 In light of Tuesday's news that Moody's warned it will downgrade America's credit rating if a deal isn't reached on the fiscal cliff, House Speaker John Boehner said he's "not confident at all" that negotiations will be successful. "Listen, the House has done its job on both the sequestration and ...

When Congress doesn't fight over spending

September 10, 2012 So, Congress may actually not fight over spending levels this fall. A stopgap bill, or continuing resolution to keep the government funded for six months, is expected make it through both chambers this week. The text of the bill is expected later Monday, and the House Rules Committee will discuss ...