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President Obama is likely to approve a GOP proposal to suspend the debt ceiling until May 19,...

  • Wednesday, January 23, 5:36 AM ET
    President Obama is likely to approve a GOP proposal to suspend the debt ceiling until May 19, which has the backing of Senate Majority Leader Harry Reid as well. The House is due to vote on the measure today, with the bill also requiring both chambers to pass budgets by April 15; if they don't members' salaries would be withheld.
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This news story has 14 comments:

  • Lets just kick the can down the road some more !!!

    This is no joke anymore..Were in trouble..
    23 Jan, 06:54 AM Reply Like
  • History will not be kind to Mr. Obama.
    Assuming we will be allowed to read history books...
    23 Jan, 07:31 AM Reply Like
  • Sure, there'll be history books. But they will tell us what a great 8 years Obama had, and how he orchestrated a Great Leap Forward in the holy name of "progress."

    And we'll have plenty of time to read it in the food line.
    23 Jan, 08:58 AM Reply Like
  • Sorry to hear this market isn't working out for you, can I suggest you stop investing in "politics" and focus on market movement? It's working nicely for a lot of us.

    Good luck in your food lines.
    23 Jan, 09:49 AM Reply Like
  • My thoughts exactly!

    So many people here are so invested in 'being right' that they forget to be invested in making money.
    23 Jan, 10:11 AM Reply Like
  • It's tricky to buy into the bull story when you believe it's a bull(s--t) story.

    Do you play the short game (long) or the long game (short)?? It feels just like 2005 or so...
    23 Jan, 10:17 AM Reply Like
  • KMI

    It is funny that you think we PM people ONLY invest in commodities..Making money as well, we are just prepared for when the other foot drops,

    But feel free to think what you want..We have time....
    23 Jan, 03:06 PM Reply Like
  • ABRAX

    Just shows that you have no idea what we invest in..Every portfolio should have at least 10% in commodities...How have you done the last 10 years??

    My gold portion has done better than any s&p 500 index....You?

    Silver has treated me well too!!
    23 Jan, 03:11 PM Reply Like
  • See its easy fellow members of Congress, the public is all consumed with Michelle's hair and fashion so nobody is even paying attention. Surely in May people will be too busy planning vacations and checking out the Spring fashion so we can do it again then as well. For those that are paying attention we will say our paychecks will be withheld but we can just stuff a bill to override that pledge in approval or rejection of the Keystone Pipeline. Party on!
    23 Jan, 07:34 AM Reply Like
  • This is old news. Reuters is reporting that "Spokespeople close to sources close to an advisor close to House Speaker John Boehner reveal that Mr. Boehner has changed his mind, will meet one-on-one with the President and will agree to a "clean" raise of the debt ceiling. In return, President Obama has agreed to monitor the ceiling in the future and use Executive Orders to adjust it when needed. Said Boehner, 'That way, we needn't put those who dislike legislative gridlock into a (f-word) tizzy' every time this subject comes up."
    23 Jan, 07:43 AM Reply Like
  • So lets just over ride Congess..Sounds like a great plan to me !!!

    I think that is called a dictator???
    23 Jan, 07:45 AM Reply Like
  • have run a family owned business for 40 years, had to worry about my employees futures, their retirements, their healthcare.. so here is the way I see it... Obama claims a mandate on being re elected on a platform where he said we are going to raise the taxes on 2% and give it to the 98%.. and still only got 53 % of the 40% who voted to vote for him... that is not a mandate for anything... ask the 45 percent who voted for someone that wasn't doing something for them... they are the patriots... Boehner couldn't close a deal if it bit him... twice he has had the best deal he was going to get and walked away... republicans need to recognize that remaining the same and listening to the far right is just getting them further from reality... sieze the momentum... pass immigration... quit passing legislation in the house that will never make it to law... get the best grand bargain you can and begin to understand the electorate and where it is moving..
    23 Jan, 08:22 AM Reply Like
  • I hear what you're saying but the term "give it" implies taking. As much as people are saying giving it to the "98%" what were the american people "giving" for the upper income of the 2%? Lower taxes? More write offs? More deductions? You would have thought with the Bush tax rates and cuts more jobs would've been created and sustained in the last 10 years.
    23 Jan, 10:56 AM Reply Like
  • What is taught as history is largely controled by the NEA.
    23 Jan, 11:01 AM Reply Like
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