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Katy O'Donnell

Results 21-28 of 28

Moody's threatens U.S. debt downgrade

June 3, 2011 Moody's Investors Service warned on Thursday that "if there is no progress on increasing the statutory debt limit in coming weeks, it expects to place the U.S. government's rating under review for possible downgrade." While the emphasis on raising the debt ceiling could aid Democrats in negotiations, Moody's also said...

Obama directive would politicize contracting, senator says

May 20, 2011 Sen. Susan Collins, R-Maine, writing in Friday's Washington Post, excoriates the Obama administration over a draft executive order that would require government contractors to disclose political spending, arguing that the stipulation would "infuse politics into the contracting process." "In true Orwellian fashion, the draft order suggests that the only way...

States face $1.26 trillion in retiree benefit shortfalls

April 26, 2011 State funds that pay pension and health care benefits to public workers faced a $1.26 trillion shortfall at the end of the 2009 fiscal year, according to a Tuesday report from the Pew Center on the States. The funding gap increased 26 percent over the previous year, a surge caused...

Ryan: Obama's 'vision' would leave seniors poor, out in the cold

April 15, 2011 President Obama's deficit speech on Wednesday was neither specific nor credible, according to House Budget Chairman Paul Ryan, R-Wis. Ryan took to the Washington Post opinion page to defend his budget and take a few jabs at Obama's "rhetorically heated but substantively hollow" address. Ryan's op-ed pointedly refers to Obama's...

Former White House, congressional leaders call for faster appointment process

April 13, 2011 A bipartisan group of former lawmakers and White House operatives say in a Washington Post op-ed on Wednesday that "the federal appointments process is broken and urgently needs substantial reform," specifically a bill in the Senate that would exempt more appointees from the confirmation process. Former Sens. Bill Frist, R-Tenn.,...

Van Hollen rips Ryan budget

April 12, 2011 House Budget Committee ranking member Rep. Chris Van Hollen, D-Md., said on Tuesday that the House Democrats will call for a return to Clinton-era top tax rates and defense cuts in their response to the GOP budget plan put forward by Budget Committee Chairman Rep. Paul Ryan, R-Wis. The Democratic...

Deficit commission's final plan released

December 1, 2010 Adding detail - but no fundamental policy shifts - to a draft plan floated last month by its chairmen, President Obama's fiscal commission called this morning for "America's leaders to put up or shut up" and adopt a massive overhaul of taxation, government spending and the social safety net, in...

Bipartisan Policy Center plan proposes sales tax to tackle deficit

November 17, 2010 In the latest, but surely not last, entry into the Washington contest to solve the nation's debt crisis, the Bipartisan Policy Center's Debt Reduction Task Force released a plan Wednesday that would stabilize the debt at below 60 percent of gross domestic product by 2020 by relying more on spending...

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