“Republicans and Democrats on Capitol Hill are strategizing for what is expected to be a bruising debate on raising the nation’s debt limit and reining in government spending. The Obama administration has set an early-July deadline for lifting the $14.3 trillion debt ceiling, a move that congressional leaders agree must be done.But some Tea Party lawmakers have vowed to reject any bill that calls for more borrowing, while liberal legislators are threatening to oppose cutbacks to Medicare, Medicaid and/or Social Security. Attracting enough “yes” votes for passage will be extremely challenging for Senate Majority Leader Harry Reid (D-Nev.) and House Speaker John Boehner (R-Ohio). Political analysts contend the negotiations, and the ultimate remedy, could have far-reaching implications for the 2012 elections.
The following are 10 things to watch for during the contentious debate.” See them here.
“Debt Limit Standoff: 10 Things to Watch”
The Hill, April 27, 2011.
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