Claremore Daily Progress

Top Stories

January 23, 2013

House extends debt limit for 4 months, Senate's OK expected

WASHINGTON D.C. — The House overwhelmingly passed a bill Wednesday to permit the government to borrow enough money to avoid a first avoid default for at least four months, defusing a crisis looming next month and setting the stage for a springtime debate over taxes, spending and the deficit.

The House passed the measure on a bipartisan 285-144 vote as majority Republicans back away from their previous demand that any increase in the government’s borrowing cap be paired with an equivalent level of spending cuts.

Senate Majority Leader Harry Reid, D-Nev., said the chamber would immediately move to advance the legislation to the White House, which has announced Obama would sign it.

The measure would suspend the $16.4 trillion cap on federal borrowing and reset it on May 19 to reflect the additional borrowing required between the date the bill becomes law and then. The amount of borrowing required depends on the tax receipts received during filing season, but over a comparable period last year the government ran deficits in the range of $150 billion.

The measure also contains a provision that slaps at the Senate, which hasn’t debated a budget since 2009, by withholding the pay for either House or Senate members if the chamber in which they serve fails to pass a budget plan. Sen. Patty Murray, D-Wash., announced Wednesday that the chamber would indeed debate a budget this year but maintained the GOP’s “no budget, no pay” move had nothing to do with the decision.

President Barack Obama vows not to negotiate over the debt ceiling as he did in the summer of 2011, though he promises further action on the budget. Wednesday’s developments mark a shift of the budget debate away from failed head-to-head talks between Obama and Boehner

The idea driving the move by GOP leaders like Speaker John Boehner, R-Ohio, is to re-sequence a series of upcoming budget battles, taking the threat of a potentially devastating government default off the table and instead setting up a clash in March over automatic across-the-board spending cuts set to strike the Pentagon and many domestic programs. Those cuts — postponed by the recent “fiscal cliff” deal — are the punishment for the failure of a 2011 congressional deficit-reduction supercommittee to reach an agreement.

Text Only
Top Stories
  • Grand jury reviewing misconduct accusations reconvenes in OKC

    The multicounty grand jury charged with investigating accusations of misconduct by Rogers County officials reconvenes today in Oklahoma City.

    April 15, 2014

  • anderson statement No Public Meeting
    The Rogers County Commissioners announced Monday they will not host a public meeting to address the findings of the recently released Oklahoma State Auditor’s report.
     

    April 15, 2014 1 Photo

  • Lawyers protest move to take over judicial appointments
    A top Oklahoma lawyer is protesting a move by the Legislature to wrest control of the way judges are chosen, which she says could taint the state’s judicial system.
     

    April 15, 2014

  • john cox announce Cox announces candidacy for State Superintendent

    Dr. John Cox, D-Peggs, is formally announcing his candidacy for the State Superintendent of Public Instruction. 

    April 15, 2014 1 Photo

  • Tax Day deadline Chances of getting audited by IRS lowest in years

    As millions of Americans race to meet Tuesday’s tax deadline, their chances of getting audited are lower than they have been in years.

    April 14, 2014 1 Photo

  • Freeze warning Freeze warnings issued for all of Oklahoma

    Subfreezing temperatures and up to 2 inches of snow are in the forecast for parts of Oklahoma early this week.

    April 14, 2014 1 Photo

  • Rogers County audit cover Oversight committee organized

    Rogers County Commission Chairman Dan DeLozier, Dist. 1, held a meeting Friday with county officials  to discuss ways of addressing deficiencies found in the recent 2011 and 2012 county audit reports.

    April 13, 2014 1 Photo

  • Primary Election Primary election races set

    The final lists of candidates who filed for the upcoming county and statewide races were announced Friday.

    April 13, 2014 1 Photo

  • Anthony Tucker RSU grad Tucker announces bid for House Dist. 10 seat

    Rogers State University graduate Anthony Tucker announced he will run for Oklahoma House District 10 in the upcoming June 24 state election. The district encompasses Washington, Nowata and Osage counties.

    April 13, 2014 1 Photo

  • WR 5K Will Rogers Memorial 5K Run

    Runners of all ages proceeded through the first turn of the sixth annual Will Rogers Memorial 5K Race Saturday morning at Rogers State University. More than 650 participants registered for the 3.1 mile run, hosted by the Will Rogers Memorial Museums. 

    April 12, 2014 1 Photo