December 20, 2014

U.S. Hill's Fiscal Agenda To Be Driven by Mid-Term Calculations

GOP Must Decide If Obamacare Bashing Enough To Ensure Nov. Political Success; Democrats Seize on Safety Net Issues To Shift Focus Back To Economy; GOP Leadership Is Likely To Opt For Another Debt Ceiling 'Suspension' Bill
January 22, 2014
Market News International (MNI)

Excerpt

Robert Bixby, executive director of the Concord Coalition, says "the appetite in both parties to fight over fiscal policy has diminished significantly. This is not because our fundamental budget problems have been solved -- they haven't -- but because the leadership in each party has decided that their political interests are better served in fighting other fights." Bixby added that he beleives Republican leadership does not want a bitter and prolonged battle over the debt ceiling this winter and are comfortable with their recent device of passing debt limit suspension legislation rather than a bill that increases the debt ceiling by a specific dollar amount. "While the practical effect is the same, Republicans think debt ceiling suspension bills are less politically dicey that passing increases to the ceiling of hundreds of billions of dollars," he said.