Meanwhile, Minority Leader Nancy Pelosi D-Calif. Partisan Divide Continues on US Federal Budget 2011 Last week, Congress averted a government shutdown by enacting a stop-gap spending measure that funds federal agencies for a two-week period. Boehner R-Ohio had previously announced that he would not accept a stop-gap measure, meaning the move does little to decrease the possibility of a government shutdown.Īfter 90 hours of debate, House nears completion of government-funding measure 2011 Nancy Pelosi: 'I'd rather not speculate' on funding cuts Felicia Sonmez 2011 declined to say Thursday whether House Democrats might support a stop-gap government funding resolution that cuts spending below current levels. House Minority Leader Nancy Pelosi D-Calif. "The most likely outcome is that we will go into the election under a continuing resolution," said Joe Minarik, a former White House chief economist under Clinton, referring to a stop-gap spending measure that keeps the U.S. Wall Street Set to Act on Default, But How? Matt Phillips 2011 debt rating "extremely exposed to a damaging downgrade." El-Erian said in an email that the "political ground is being prepared for a short-term stop-gap compromise" that probably will push stocks and the dollar lower and leave the U.S. Indeed, euroland's policy makers might not even be capable of devising short-term stop-gap measures to give the overly indebted countries a bit of breathing space so that they might, only might, find a path that leads away from the insolvency road down which they are headed.ĭefault, Get Thee From My Euroland House Irwin Stelzer 2011
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