November 16th, 2012
01:22 PM ET
The bipartisan leadership of Congress sounded optimistic what they addressed reporters outside the entrance to the West Wing on Friday following their meeting with the president, vice president and members of the White House economic team. House Speaker John Boehner spoke first, calling the meeting "constructive" and vowing to keep additional revenue on the table:
Next, Majority Leader Harry Reid stepped up to the the microphone. Using the common parlance of Washington D.C., Reid also called the meeting "constructive," repeatedly saying that he felt "very good" about what the leaders discussed, and promising not to wait until the last possible moment to get a deal done:
Democratic Leader Nancy Pelosi spoke next, emphasizing that her priority was to send a strong signal to consumers and the markets that the leaders are committed to finding a solution. Pelosi also acknowledged that if they aren't able to find a solution, the consequences could be severe: FULL POST
November 16th, 2012
07:37 AM ET
Today President Obama begins negotiations with congressional leaders on how to avoid the so-called fiscal cliff – severe budget cuts and tax increases that are set to go into effect at the end of the year. House Speaker John Boehner, Leader Nancy Pelosi, Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell will all come to the White House at 10:15 for a meeting with the president and the Vice President Biden in the Roosevelt Room. Later Obama and Biden will meet with civic organizations and other outside groups for yet another listening session on the potential impacts of going over the fiscal cliff.
There is no press briefing today. Here's the schedule as released by the White House: FULL POST
October 25th, 2011
06:07 PM ET
Unless Congress takes action, all bills paid by the federal government for goods, services or property after January 1, 2012 will be subject to a 3% tax withholding. The original provision was a revenue-raiser inserted into the Tax Increase Prevention and Reconciliation Act signed by President George W. Bush back in 2006. The idea was that the 3% withholding would count toward the vendor’s tax liability, meaning that at the end of the year whatever money was withheld by the government from a vendor would count as part of the total amount owed by a company back to the government in taxes.
It was seen as one way to ensure that contractors hired by the government are paying what they owe in taxes.
But because the withholding doesn't take into account the actual size of a company’s tax liability, only the revenue it is due to receive from the government, opponents like the Government Withholding Relief Coalition view the provision as "forcing companies to provide the federal government with an interest-free loan."
Well, now both the Obama Administration and Republican leadership in the Senate are on the same page when it comes to repealing this withholding. Today the Office of Management and Budget released a Statement of Administration Policy supporting the passage of H.R. 674 – a bill “to amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities.” FULL POST
November 17th, 2010
06:19 AM ET
According to White House Press Secretary Robert Gibbs: At the request of Senate Minority Leader Mitch McConnell and House Minority Leader John Boehner due to scheduling conflicts in organizing their caucuses, the President’s meeting with bipartisan leaders will now take place at the White House on Tuesday, November 30.
November 17th, 2010
06:18 AM ET
Washington (CNN) - So much for getting things off on a post-election bipartisan note. President Obama's plan to have a bipartisan meeting at the White House on Thursday fell apart late Tuesday amid finger-pointing about who's to blame for delaying what had become informally known as the "Slurpee Summit."
Days of scheduling negotiations broke down after Republican leaders Mitch McConnell and John Boehner told the White House the crush of business setting up the new Congress while juggling a lame duck session of the old one was too much, according to officials in both parties.
October 26th, 2010
05:27 PM ET
(CNN)–The White House is firing back at Senate Minority Leader Mitch McConnell after he told the National Journal that "the single most important thing we want to achieve is for President Obama to be a one-term president."
With his usual sarcastic tone, spokesman Robert Gibbs told reporters "maybe Senator McConnell is interested in running for President."
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