Page 10 - Energy Developement News Today

to send it to the senate where it can receive action. >> well, the vote was scheduled for yesterday, rescheduled for early this evening and then put on hold again so the leadership could wrangle votes. theyre going that literally as we speak. still promising a vote sometime tonight. well be live when it hams. yesterday speaker boehner told the troops to "get their asses in line". apparently not enough republicans have, and now his credibility is on the line. most of the opposition comi...

really arent too terribly far apart and the deal can be done by the august 2nd, tuesday deadline. lets listen to the president, this is when he spoke around 10:30 this morning. lets listen. >> good morning, everybody. i want to speak about the ongoing and increasingly urgent efforts to avoid default and reduce our deficit. right now, the house of representatives is still trying to pass a bill that the majority of republicans and democrats in the senate have already said they wont vote ...

good morning. great to see you this morning. thursday, july 28. this is "american morning." advice teen out. we know yesterday a little stuffy. >> she sounded. >> it she is getting better hopefully at home today. a lot going on. >> imagine what our lead story is now? its the debt. the republicans are scrambling to line up house votes to stave off a potential first ever default of u.s. debt. the deadline, you know, this, august 2 now less than five days away. the house is expected to vo...

tea party demanding more cuts in federal spending, a cap on future budgets, and a balanced budget amendment. but at a republican caucus meeting speaker of the house john boehner told everyone in his party, and i quote, "get your ass in line." and listen to senator john mccain. >> what is really amazing about this is that some members are believing that we can pass a balanced budget amendment to the constitution in this body with its present reputation, and that is foolish. that is wors...

spending cuts in ten years. reid would hike the debt by $2.7 trillion now and mandate an equal amount of cuts. but the congressional budget office says the boehner plan would trim spending by $850 billion, and the reid plan by $2.2 trillion. boehner went back to the board and postponed the vote that was supposed to happen today. reids plan cant pass the house, and not only is boehners plan doomed in the senate, a great many house republicans dont like it either. so what happens now? we...

impact nationwide on an all fragile recovery. >> a default and the ripple effect i think would be impactful and representing our consumers, we think that that would be very, very difficult for the american economy to withstand at this point in time in our history. >> thats here at home. then there are global worries. concerns that a default or even a close call here could rattle international markets and international economies like that domino effect back after the big wall street m...

folks, its july 27th. welcome to groundhog day. the only movement is closer to the august 2nd deadline. less than six days the federal government could run out of money and default on its bills. next hour on capitol hill, the dooms day scenario is laid out. executives from credit rating agencies will warn lawmakers of the far-reaching impact of a u.s. downgrade. one debt plan, backed by house speaker john boehner, is yanked from a scheduled vote. the congressional budget office says it...

getting the mage? weve got new polling that says all of that. and this is important. recent polling may also explain why we havent got an deal yet. well tell you what were talking about. in any case, americans are speaking out today. >> good morning, speaker boehners office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volu...

getting the mage? weve got new polling that says all of that. and this is important. recent polling may also explain why we havent got an deal yet. well tell you what were talking about. in any case, americans are speaking out today. >> good morning, speaker boehners office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volu...

for post august 2nd if no plan is agreed to. if the treasury couldnt meet its obligations, a bill being circulated would prioritize payments, social security checks and paychecks for troops. everything else would be covered if possible with cash on hand or put off until we can take on more debt. two main default avoidance plans remain on the table right now. speaker boehners plan would raise the debt ceiling twice, this year and next, with spending cuts now and an election year overhau...