January 15, 2013 in The Daily Republic
WASHINGTON Declaring “we are not a deadbeat nation,” President Obama warned on Monday that Social Security checks and veterans’ benefits will be delayed if congressional Republicans fail to increase the government’s borrowing authority in a looming showdown over the nation’s debt and spending.
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January 13, 2013 in The Daily Republic
Congresswoman sponsors Stop the Coin Act to stop minting approach to debt.
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February 10, 2012 in The Daily Republic
Noem was confronted by constituents about the issue at a town hall meeting held over the weekend in Rapid City. Continue Reading
September 16, 2011 in The Daily Republic
WASHINGTON What occurred beneath the Capitol Dome on Wednesday afternoon was the U.S. Open of political gamesmanship, and freshman Republican Rep. Tom Reed of New York was the event’s Novak Djokovic.
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August 11, 2011 in The Daily Republic
No South Dakotans on 12-member panel that has until Thanksgiving to propose $1.5 trillion in 10-year budget savings. Continue Reading
August 10, 2011 in The Daily Republic
Today, Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Johnson (D-SD) issued the following statement on the market reaction to Standard & Poor’s downgrade of U.S. Treasuries.
“In the minds of serious, reasonable, and informed individuals there is no doubt that the U.S. will meet its debt obligations and we are seeing even more proof of that today. As the financial markets stumble, investors continue to regard Treasury debt as a safe haven in times of economic uncertainty. This irresponsible move by S&P may, however, have spillover effects that tax the American people by increasing interest rates on home loans, credit cards, and car loans, and by increasing the cost of finance for some state and local governments. I am deeply disappointed in S&P’s decision to enter into the game of political punditry.”
August 4, 2011 in Lake County News-Chronicle
While Rep. Chip Cravaack was in the midst of the deficit fight in Washington Friday, a representative from his Duluth office was in Two Harbors to answer questions. Continue Reading
August 3, 2011 in The Daily Republic
WASHINGTON Majority Leader Harry Reid, a principal sponsor of the debt-limit deal, went to the Senate floor Monday morning to say that, however ugly things are in Washington, they could be worse.
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August 3, 2011 in The Daily Republic
Johnson, Thune, Noem all express reservations about deal.
August 2, 2011 in The Daily Republic
WASHINGTON (AP) – The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline. The vote was 74-26.
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