Here We Go Again! Boehner expresses no confidence on budget deal

The Daily Banter Headline Grab (via The AP):

WASHINGTON (AP) — House Speaker John Boehner said Tuesday that he’s not confident Congress can reach a budget deal and avoid a downgrading of the U.S. debt rating.

Moody’s Investors Service said Tuesday that it would likely cut its “Aaa” rating on U.S. government debt, probably by one notch, if budget negotiations fail.

Boehner was asked at a Capitol Hill news conference how confident he was that negotiations would prevent the government from hitting the so-called fiscal cliff — an economy rattling set of across-the-board spending cuts and higher taxes caused by the expiration of Bush-era tax cuts that are set to hit in January.

 

“I’m not confident at all,” Boehner said.

The Ohio Republican reminded reporters that the House has passed legislation to both avoid the automatic, across-the-board cuts next year and to renew the Bush era tax cuts for one year as well. Republicans warned of the impact of the impending cuts on the military and implored Senate Democrats to act to avoid them.

The Senate, however, has deadlocked over taxes and failed to address the across-the-board cuts, known as a sequester in Washington parlance.

Enhanced by Zemanta

More on the Banter:

Angry Old John McCain Throws Those "Low-Life Scum" Hippies Off His Lawn

Angry Old John McCain Throws Those "Low-Life Scum" Hippies Off His Lawn

If you missed Vietnam, you could see it reenacted on Capitol Hill Thursday afternoon.Read more...
MEMBERS ONLY: Confessions Of a Disillusioned Politics Junkie

MEMBERS ONLY: Confessions Of a Disillusioned Politics Junkie

Politics is fun to watch, but it's hard not to feel hopelessly detached.Read more...
Shock in the Blogosphere as Andrew Sullivan Shuts Down the Dish

Shock in the Blogosphere as Andrew Sullivan Shuts Down the Dish

The blogosphere was in a state of shock last night as pioneer blogger Andrew Sullivan, almost compleRead more...
MEMBERS ONLY: Sam Smith Sounds Like Tom Petty Because There's No Way To Do a Truly Original Song Anymore

MEMBERS ONLY: Sam Smith Sounds Like Tom Petty Because There's No Way To Do a Truly Original Song Anymore

I think there's actually another reason a song recorded in the year 2014 by a British guy who soundsRead more...
Best of Banter: Sarah Palin Got Crazier, 'Friends' Was Racist, and Ted Nugent Is Still An Asshole