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Tag: debt ceiling
Photo of U.S. Capitol
News from Washington, D.C. … Further review of the FY 2014 omnibus appropriations bill reveals language that was included that will make about half of federally funded research accessible to the public. This provision requires federal agencies under the Labor, Health and Human Services and Education portion of the bill with research budgets of $100...
U.S. Capitol
Today marks Day 14 of the partial shutdown of the federal government. Congress and the Obama administration remain at an impasse over how to handle funding the government and raising the debt ceiling. These two issues now are intertwined, and any potential resolution will likely involve both issues. Two major factors are expected to move Congress...
Photo of cash and a checkbook balancing a scale
In Springfield … Last week, both chambers of the Illinois General Assembly continued to move bills through committees and through third readings. However, the three big issues remaining are the FY 2013 appropriations, pension stabilization, and Medicaid reform and cuts. Most of the discussions on these three issues have taken place behind closed doors, but...
Khan Mohabbat
The U.S. stock market took a beating Thursday, and investors’ jitters have some justification — but perhaps only in the short term, according to Khan Mohabbat, a professor of economics at Northern Illinois University. “Investors certainly are worried a great deal about where to put their money right now,” Mohabbat says. Among the key reasons...
The White House
In Springfield … Gov. Pat Quinn today signed Senate Bill 2185, known as the Illinois DREAM Act (now Public Act 97-0233). This act is intended to make college more affordable for undocumented immigrants. It allows anyone with a Social Security number to enroll in a state-administered college savings program. It also establishes an Illinois DREAM Fund Commission...
Illinois State Capitol building in Springfield. Photo courtesy Illinois Board of Tourism.
In Springfield … Illinois House and Senate Republicans filed a lawsuit in federal court Wednesday, July 20, seeking to invalidate the redistricting maps approved this Spring by the Illinois General Assembly on the grounds that the maps: Violate the federal Voting Rights Act of 1965 because African-Americans and Latinos have not been provided a “fair...
Photo of U.S. Capitol
The Senate and the House of Representatives have both taken a week of district time over the last several weeks, with both chambers scheduled back this week. The major issue facing Congress and the Obama administration is the need to increase the nation’s debt ceiling before the U.S. government begins to default on its borrowing,...
Congress came back in session last week after several weeks of spring recess. The two main agenda items they have been dealing with are the issue of raising the debt ceiling and the FY2012 budget. I previously reported that the U.S. government will reach the limits of its authority to borrow any additional funds this month. However,...