Deadline Passes as Debt Ceiling Talks Languish

Discussion in 'Congress' started by Kiki Cannoli, Jul 24, 2011.

  1. Kiki Cannoli
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    Kiki Cannoli Have you met my shadow?

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    WASHINGTON — The House speaker, John A. Boehner, and the Senate majority leader, Harry Reid, were preparing separate backup plans to raise the nation’s debt ceiling on Sunday after they and the White House were unable to form a bipartisan plan that would end an increasingly grim standoff over the federal budget.


    ETA: URL http://www.nytimes.com/2011/07/25/us/politics/25debt.html?hp
     
    Last edited: Jul 24, 2011
  2. Kiki Cannoli
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    Kiki Cannoli Have you met my shadow?

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    I am confused. What deadline passed?
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    The deadline for you to fix that link in your OP, perhaps?
     
  4. Kiki Cannoli
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    Kiki Cannoli Have you met my shadow?

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    :lol: sorry.
     
  5. saveliberty
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    saveliberty Diamond Member

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    I think it is a fair assumption that the coming week will yield no new plan capable of passing until the eleventh hour. Since it must originate in the House, it will be a Republican plan.
     
  6. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I think they'll do an agreement in the next few days, especially if the markets take a dive. Nobody wants to take the chance of being blamed if no agreement is reached and the economy goes into the dumpster.
     
  7. Kiki Cannoli
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    Kiki Cannoli Have you met my shadow?

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    I agree Wiseacre, I think the market will dictate an outcome.

    When can Obama invoke the 14th amendment? (not a recommendation, a question)
     
    Last edited: Jul 24, 2011
  8. saveliberty
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    saveliberty Diamond Member

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    Never. It violates most of the rest of the Constitution. Actually you don't have to go that far. Just drop down to section five and read that little gem. Congress has FULL power, nada to the President.
     
  9. Kiki Cannoli
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    Kiki Cannoli Have you met my shadow?

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    Thank you. I am just reading on this topic this morning. Seems Clinton dropped a bomb and all went a flurry.
     
  10. Kiki Cannoli
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    Kiki Cannoli Have you met my shadow?

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    From what I gather the prez can invoke the 14th and the courts can challenge it.
     

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