Local Lawmakers See Little Wiggle Room In Debt Ceiling Debate | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Local Lawmakers See Little Wiggle Room In Debt Ceiling Debate

Play associated audio

The debt ceiling debate is like a mine field. Any way negotiators turn, explosive political issues lie just underneath the surface. New taxes are a nonstarter for the GOP, which Gerry Connolly (D-VA) says is an unrealistic position.

"I do believe everything should be on the table – everything," he says.

Democrats want to avoid big changes to entitlements. But as President Obama meets with Senate leaders today, rank and file Republicans, such as Maryland Congressman Roscoe Bartlett (R-Md.), want negotiators to go well beyond cutting just $2 trillion in spending.

"I think the cuts need to be deeper than they are suggesting if we are going to come out of this and have anything to give to our kids and our grandkids and our great grandkids," Bartlett says.

With the ideological positions firmly drawn, Jim Moran (D-Va.) offers this bleak assessment of the situation.

"I don't see any light at the end of the tunnel in these debt ceiling negotiations," he says.

If no deal is reached and the debt limit isn't raised, economists warn interest rates will go up, the stock market will go down, and so will the value of those dollar bills in everyone's pocket.

NPR

Why Are Theater Tickets Cheaper On The West End Than On Broadway?

In London, a matinee ticket for Matilda costs about $60; in New York, it's $137. What's going on? The West End has weaker unions and subsidized theater, while Broadway has amenities.
NPR

Why Your 'Small-Batch' Whiskey Might Taste A Lot Like The Others

A factory in Indiana is churning out massive quantities of beverage-grade rye whiskey. A food blogger discovered that many small distilleries are buying it and using it in bottles labeled "artisan."
NPR

House Votes To OK Lawsuit Against Obama

House Republicans say that the president has overstepped the bounds of his executive authority. President Obama dismissed the move as a "political stunt."
NPR

Can Pinterest Compete With Google's Search?

Pinterest has created a database of things that matter to humans. And with a programming team that's largely been hired away from Google, the company has begun offering what it calls "guided search."

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.