Showing posts with label Cantor. Show all posts
Showing posts with label Cantor. Show all posts

Friday, July 22, 2011

Eleven Minutes to Midnight

The clock in Washington is ticking, and we still don't have an agreement to raise the debt ceiling. After weeks of on-again-off-again negotiations that have run into every possible roadblock (Eric Cantor, the Tea Party, Eric Cantor, Democratic mutiny and Eric Cantor, to name a few), it still looked like President Obama and Speaker Boehner would have a deal soon—at least, it did until this afternoon, when the Speaker told President Obama that he was withdrawing from negotiations. Two very angry press conferences ensued and here we are: 11 days away from a default on the full faith and credit of the United States and no deal in sight. To be perfectly honest, you can start to panic now.

Yes, you can call this Angry Obama.

Thursday, July 7, 2011

Washington: Where Doing Your Job Might Get You Impeached

In less than a month, the United States of America—the most powerful nation in the history of the world and a leader in global affairs for over a century—will default on its debt, a catastrophe that will likely send the domestic (and possibly global) economy into a full-scale meltdown. Treasury Secretary Timothy Geithner has said that the country has until August 2nd to strike a deal to raise the debt ceiling and avoid this fiscal nightmare, and President Obama has gone on record saying that he wants a deal to be cut by July 22nd so that the legislation can safely make its way through Congress. With less than 3 weeks to go until crossing that red line, Congress still seems incapable of solving this problem, even if it wanted to. To make matters worse, if President Obama tries to take the situation into his own hands, he may just get impeached for his troubles.