Correspondent, political and general news
Andy's Feed
Oct 21, 2013

Top business lobbyist: U.S. immigration law unlikely in 2013

WASHINGTON (Reuters) – A leading advocate of efforts to overhaul U.S. immigration law said Monday that the Republican-led U.S. House of Representatives is unlikely to act on the issue until at least early next year, which could complicate its chances of passing Congress.

Bruce Josten, the U.S. Chamber of Commerce’s top lobbyist, said the House probably won’t pass its version of an immigration overhaul at a time when fiscal issues continue to dominate Congress’ agenda.

Oct 17, 2013

Lawmakers launch budget talks as Washington returns to work

WASHINGTON (Reuters) – U.S. lawmakers launched an effort to resolve budget differences in a less confrontational fashion on Thursday as Washington picked up the pieces from a political crisis that has slowed the economy and undermined the country’s international standing.

As hundreds of thousands of federal employees returned to work, Republican and Democratic negotiators held their first meeting to tackle tax and spending issues that have led to repeated rounds of brinkmanship over the past three years.

Oct 17, 2013

Post-crisis, Obama tells Congress to get to work

WASHINGTON, Oct 17 (Reuters) – President Barack Obama urged
Congress to turn to matters like immigration reform on Thursday
as Washington picked up the pieces from a destructive fiscal
crisis that has slowed the U.S. economy and undermined the
country’s international standing.

Less than 12 hours after he signed a bill that ended a
16-day partial government shutdown and averted a catastrophic
default, Obama on Thursday said lawmakers must stop lurching
from crisis to crisis and seek common ground on issues that also
include farm policy and long-term budget issues.

Oct 17, 2013

Washington becomes the biggest risk to the U.S. economy

WASHINGTON (Reuters) – Consensus may be hard to find in Washington these days, but many corporate executives and economists seem to agree on one point: the biggest risk to the world’s largest economy may be its own elected representatives.

Down-to-the-wire budget and debt crises, indiscriminate spending cuts and a 16-day government shutdown may not be enough to push the U.S. economy back into recession.

Oct 17, 2013

Analysis: Washington becomes the biggest risk to the U.S. economy

WASHINGTON (Reuters) – Consensus may be hard to find in Washington these days, but many corporate executives and economists seem to agree on one point: the biggest risk to the world’s largest economy may be its own elected representatives.

Down-to-the-wire budget and debt crises, indiscriminate spending cuts and a 16-day government shutdown may not be enough to push the U.S. economy back into recession.

Oct 8, 2013

Analysis – What default? Republicans downplay impact of U.S. debt limit

WASHINGTON (Reuters) – The Obama administration says a U.S. default would be “catastrophic.” Economists say it could plunge the country into recession and prompt a global financial meltdown.

To many Republicans, however, the prospect of the world’s lone superpower juggling its bills doesn’t seem so bad. The government could muddle through without a debt-ceiling increase as long as it kept up with interest payments and a few other priorities, they argue.

Oct 8, 2013

What default? Republicans downplay impact of U.S. debt limit

WASHINGTON, Oct 7 (Reuters) – The Obama administration says
a U.S. default would be “catastrophic.” Economists say it could
plunge the country into recession and prompt a global financial
meltdown.

To many Republicans, however, the prospect of the world’s
lone superpower juggling its bills doesn’t seem so bad. The
government could muddle through without a debt-ceiling increase
as long as it kept up with interest payments and a few other
priorities, they argue.

Oct 6, 2013

Boehner says U.S. on path to default if Obama won’t negotiate

WASHINGTON (Reuters) – Republican House Speaker John Boehner vowed on Sunday not to raise the U.S. debt ceiling without a “serious conversation” about what is driving the debt, while Democrats said it was irresponsible and reckless to raise the possibility of a U.S. default.

“The nation’s credit is at risk because of the administration’s risk to sit down and have a conversation,” Boehner told ABC’s “This Week,” adding that there were not enough votes in the House of Representatives to pass a “clean” debt limit bill, without any conditions attached.

Oct 4, 2013

What would a U.S. default look like?

WASHINGTON (Reuters) – Nobody knows exactly when America would default on its bills if Congress fails to raise a cap on government borrowing. But the recent past gives a pretty good idea of how a default could unfold.

Even the Treasury Department can’t know how much tax revenue will come in each day after October 17, when it expects to hit its $16.7 trillion debt ceiling. Nor can officials anticipate exact costs, such as how many people will apply for jobless benefits that week.

Oct 4, 2013

Scenarios – What would a U.S. default look like?

WASHINGTON (Reuters) – Nobody knows exactly when America would default on its bills if Congress fails to raise a cap on government borrowing. But the recent past gives a pretty good idea of how a default could unfold.

Even the Treasury Department can’t know how much tax revenue will come in each day after October 17, when it expects to hit its $16.7 trillion debt ceiling. Nor can officials anticipate exact costs, such as how many people will apply for jobless benefits that week.

    • About Andy

      "As a politics and general-news correspondent, I’ve covered four budget crises, three presidential elections, two hurricanes and one exploding bridge since joining Reuters in 2000. One of my stories in the 2012 election inspired a spoof on “Saturday Night Life.” I’m a native of Cape Elizabeth, Maine and in my free time I play guitar in several rock bands around Washington, D.C."
    • More from Andy

    • Follow Andy