President Obama has signed into law a deal to raise the debt ceiling, fending off a national default, which he warned could roil the markets and leave the U.S. without enough money to pay its bills.
All three members of Alaska’s Congressional delegation say they will vote for the deal to raise the debt ceiling and cut spending. The plan announced Sunday night by President Obama slashes spending by about a trillion dollars over the next decade and raises the debt ceiling in time for the U.S. to avoid defaulting on its bills.
The votes still have to come but Sunday night President Obama announced an agreement between Republican and Democratic Congressional leaders. Just what the rank and file membership think will be revealed Monday morning.
Congressional experts say there’s just one week left until politicians in Washington have to come up with a debt ceiling deal. It's actually two-and-a-half weeks when the U.S. will hit its debt limit, but the Congress needs the extra time to write up a plan and get it passed through the House and Senate.
After an investigative series published in the New York Times, at least one Congress member is asking the Securities and Exchange Commission to investigate whether some companies have been inflating their estimates of how much gas they can get how cheaply by shattering layers of shale that exist over large areas of the U.S.
A U.S. House Committee passed legislation on Thursday, June 2, that would speed up the permitting process for Shell Oil to drill off Alaska’s coast. The bill pushed by Republicans gained the support of five Democrats and passed the Energy and Commerce Committee 34 to 14. It would force the Environmental Protection Agency to move on permits, and would loosen air pollution standards for offshore drilling projects.
As Congress grapples with the enormous task of trying to overhaul the health care system, Alaska's seniors are getting a one-two punch from Medicare...
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