Among the top priorities for some GOP House leaders is challenging a raise of the nation’s debt ceiling. On Thursday, House Republicans told the White House that its request to raise the debt ceiling, which currently stands at $14.3 trillion, will not be considered without federal spending cuts.
Following the petulant pronouncement from the Obama administration’s chief economics advisor that any suggestion of not raising the debt ceiling was engaging in a “game of chicken,” two other establishment types noisily concurred.
As the Obama administration is poised to enact a sweeping infringement of the right of Americans to keep and bear arms in the states bordering Mexico, the only thing which may stand in the way is not the Republican-dominated House of Representatives, but the Federal Paperwork Reduction Act.
Some newly elected Republicans came to the House of Representatives with a very clear agenda: to change the course of Washington politics. One measure by which they plan to do so is to target the various “czars” serving in the Obama administration.
The Securities and Exchange Commission is preparing to investigate the State of California for alleged failure to disclose information on its enormous public pension fund. The Golden State will be the second ever to have enforcement actions taken against it by the SEC, after New Jersey was charged with securities fraud last year. The SEC is attempting to make the case that California’s public pension funds were a risky investment and that California misled the investors about the risk. If the SEC is able to prove their case, it may have an impact on the financial reporting of other public funds. The New York Times reports: