Budget Battle
The battle over the U.S. federal budget
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With less than 12 hours until the government is scheduled to shut down, here's our latest wrap of the day's events www.reuters.com
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What would a government shutdown look like? Here's an interactive factbox www.reuters.com
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Here is a Congressional Research Service paper (PDF) on the causes and effects of federal government shutdowns: www.fas.org -
John Koskinen, a former official at the Office of Management and Budget, presided over the government shutdowns in '95 and '96, warns of a repeat: www.reuters.com
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Since the federal government now has a hand in a significant portion of mortgages, there's been substantial concern that closing down the Federal Housing Administration will affect the housing and mortgage markets: www.bankrate.com
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Interesting how 800,000 federal employees has become "almost 1 million" -- #shutdown #budget #Planned Parenthoodby Patricia Zengerle via twitter 4/8/2011 6:08:17 PM -
Reid says almost a million federal employees are on "pins and needles" right now waiting word on whether the government will shut downby Tabassum Zakaria via twitter 4/8/2011 6:08:18 PM -
RT @NBCFirstRead: Conservative group: Obama wants shutdown to support Planned Parenthood on.msnbc.comby Patricia Zengerle via twitter 4/8/2011 6:09:02 PM
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This is the official Office of Personnel Management site that tells you whether the government is open, closed, or somewhere in between: www.opm.gov
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Reid says Boehner having difficult time in Republican caucus, but doesn't understand why he backed off last night's agreement on cutsby Tabassum Zakaria via twitter 4/8/2011 6:15:34 PM
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This piece argues that eliminating funding for Planned Parenthood would actually increase the deficit in the long run: www.slate.com
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State Department says "Passport Day in the USA" on Saturday cancelled because of possible government shutdownby Tabassum Zakaria via twitter 4/8/2011 6:25:35 PM
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National Review Online says that Boehner got two standing ovations during the noon conference, "a further indication that the caucus is more united than many are suggesting." www.nationalreview.com
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One all-too unpleaseant memory from the 1995 shutdown was that it was during that time that Bill Clinton and Monica Lewisnky first spent time togather alone. With most of the staff on furlough, interns had unusual access. You can read the account in John Harris's book: books.google.com
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joining the twitter bandwagon as a journalist covering the head-spinning budget debates. ready to get my 140 characters on!by MLChadbourn via twitter 4/8/2011 6:48:42 PM -
Praise for Boehner's negotiating skills: www.washingtonpost.com
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Via James Pethokoukis, a chart illustrating that the disputed cuts bringing the government to the brink amount to 0.2% of the 2011 budget: www.hamiltonplacestrategies.com
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#Shutdown threat, bad weather not keeping crazies away-outside WHouse in rainy 40-degree weather -2 ranters and 1 singer - all 3 amplified!by Patricia Zengerle via twitter 4/8/2011 6:59:28 PM
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Boehner and Reid agree on this much: They would both not take salaries during a shutdown: www.cbsnews.com
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As a Canadian watching in disgust and amusement, I must say that I am baffled by how these childish antics of American politicians continue in the face of such a serious situation. Given that the financial markets are already beating the USD into the ground, it is not unforeseeable for this to have a very damaging effect on US government debt. If this political theater goes on for much longer these politicians may be responsible for some serious financial consequences if investors lose faith in the US governments ability or willingness to pay its debt. Its incredible that they are squabbling over so little, when so much is at stake.
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In response to the likelihood that DC trash collection would cease if the government shutdown, various Facebook groups are now organizing to dump trash on Boehner's yard. www.myfoxdetroit.com
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RT @lindastern: how long could it last? Longest government #shutdown in U.S. history went 21 days in 1996. Clinton/Gingrich.by Tabassum Zakaria via twitter 4/8/2011 7:14:57 PM
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RT @WSJ: Photos: What it looked like when the U.S. government last shut down in 1995 on.wsj.comby Tabassum Zakaria via twitter 4/8/2011 7:16:54 PM
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The Onion's take: GOP completely fixes economy by canceling funding for NPR: www.theonion.com
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If the government shuts down, the Justice Dept said some 30,000 FBI employees and agents out of 35,000 would remain on the jobby Tabassum Zakaria via twitter 4/8/2011 7:31:56 PM
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Nearly 100,000 government workers applied for unemployment during the '95'-96 shutdown: books.google.com
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Japan considers resuming talks with North Korea: media
TOKYO - Japan has started looking into resuming inter-governmental talks with North Korea after a surprise visit to Pyongyang by an aide to Japan's prime minister, the Asahi Shimbun and other newspapers said on Wednesday.
- Syrian foes move towards talks but fighting rages
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- Iran bars candidates for presidential election
- Attacks in Iraq kill over 40, sectarian tensions high
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- Guatemala trial of Rios Montt has likely collapsed: lawyers
- Senate panel backs arming Syria rebels
- With wary eye on the U.S., China courts India
- Egyptian army blocks Sinai roads in hunt for kidnappers
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