National Journal Online

Whipping The Boehner Proposal To Raise The Nation's Debt Ceiling

Updated at 11:29 a.m.

The nonpartisan Congressional Budget Office reported Wednesday that House Speaker John Boehner's revised proposal to raise the debt ceiling deficit reduction plan would reduce budget deficits by about $915 billion over 10 years through FY2021. With the bill slated to hit the House floor Thursday, Boehner is trying to secure the necessary number of votes needed to pass the measure.

Posted: Thursday, July 28, 2011 - 11:45am

Eighth Annual Congressional Blues Festival -- PICTURES

The Eighth Annual Congressional Blues Festival was a sold-out success on Wednesday night at the National Building Museum in D.C. Members of Congress who support the blues—either because it runs deep in their district or they have a personal love for the music—were invited to come and bring their staff.

Posted: Thursday, July 28, 2011 - 11:45am

Reports: Treasury Begins Planning Who to Pay First if Deal Isn't Reached by August 2

As the August 2 deadline for raising the debt ceiling nears, the Treasury Department is beginning to decide which bills it will pay if an agreement isn’t reached in time, according to reports. 

Treasury officials said Wednesday that the department would have to address the issues of post-Aug. 2 payments later this week unless it becomes clear that a deal would be reached by the deadline, The New York Times reports.

Posted: Thursday, July 28, 2011 - 11:45am

Pending Home Sales Rose in June, Surpassing Expectations

Pending home sales rose 2.4 percent in June, exceeding expectations and providing some bright news for the persistently weak housing market, according to data released by the National Association of Realtors on Thursday.

Posted: Thursday, July 28, 2011 - 10:45am

LightSquared Inks Deal To Use Sprint Network

The beleaguered wireless startup LightSquared announced Thursday that it had signed a 15-year agreement with Sprint.

While expected, the deal nevertheless is good news for LightSquared, which has faced criticism amid mounting evidence that its plans for a nationwide wireless network will interfere with global positioning systems.

Posted: Thursday, July 28, 2011 - 10:45am

In New Poll, Perry Leads South, Threatens to Eclipse Front-Runners

Rick Perry may not be running for president yet, but a Gallup poll out Thursday indicates that if the election were held now, the Texas governor would carry a critical geographic region.

Though perceived front-runner Mitt Romney led the West and Midwest comfortably, and scraped past Rudy Giuliani in the East, Perry overwhelmingly commanded the South, with 22 percent to Sarah Palin’s 13 percent. Romney came in third with 12 percent.

Posted: Thursday, July 28, 2011 - 10:45am

Weekly Jobless Claims Fall Below Key 400,00 Level

Weekly jobless claims dropped to 398,000 for the week ending July 23, according to data released by the Labor Department on Thursday, ending a fifteen-week streak above the 400,000 level economists say claims need to drop below in order to dent unemployment.

Thursday’s data was well below the 415,000 initial claims for weekly jobless benefits forecast by Wall Street.

Posted: Thursday, July 28, 2011 - 10:45am

Insiders Expect Tea Party Influence Will Dip in 2012

Member of Congress in both parties think that the tea party will be less of a force in the 2012 elections than it was in 2010, according to the results of this week's National Journal Congressional Insiders Poll.

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Posted: Thursday, July 28, 2011 - 8:45am

Insiders Split on Virtue of Divided Government

Democratic and Republican Members of Congress are predictably split on the benefit of divided government according to the results of this week's National Journal Congressional Insiders Poll. By more than a four-to-one margin Republican Members believe it's a positive, while a majority of Democrats viewed the partisan division of government negatively.

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Posted: Thursday, July 28, 2011 - 8:45am

Hotline Sort: No Ordinary Joe

Welcome back to Hotline Sort. Dennis Kucinich is making moves in Washington state, the Club for Growth's favorite congressman gets busted for not paying child support, and two prominent Senate prospects leading the opposition to Boehner's debt ceiling bill. Here's today's rundown:

Posted: Thursday, July 28, 2011 - 8:45am