Carroll Andrew Morse
The debt ceiling and budget deal has passed the House, with Congressmen James Langevin and David Cicilline both voting in favor. Keith Hennessy has a good summary of what’s contaned in the deal, available here (h/t Instapundit).
The initial Projo report on today’s announcement that the receiver for Central Falls will file for bankruptcy highlights one of the many high-level policy, political and legal issues that municipal bankruptcy is going to involve…In a commercial bankruptcy, the judge has the authority to order the sale of assets, even the closing of the business,…
Kathryn Jean Lopez of National Review Online has posted an outline of a debt ceiling and budget process deal that Speaker of the House John Boehner sent to the Republican caucus this evening.
This is very likely going to be a memorable week in the history of self-government and public finance. In addition to the Federal debt-ceiling issue which needs to be resolved by Tuesday in order for the Federal government to be able to keep paying everything it owes without resorting to various less-than-scrupulous financial gimmicks, the…
Various sources tweeting from Captiol Hill are saying there will be no debt ceiling vote tonight.Robert Costa from National Review Online: Top GOP member confirms no vote tonight, still working on whip count and changes. Weary mood among leadership. Not lost, but no slam dunkHowever, there’s some kind of activity with the House Rules committee…
0. Just like any other organization, the Federal Government is subject to laws of economics, probability and mathematics that it can’t change. 1. Every organization, including the Federal Government has a cash flow, related to but different from an annual summation of revenues and expenditures. For example, your local bridge club may have $600 in…
Ted Nesi of WPRI-TV (CBS 12) has the scoop on the Rhode Island Speaker of the House’s position on binding arbitration…House Speaker Gordon Fox says the outpouring of opposition to binding arbitration last month was even louder than to Governor Chafee’s sales tax plan – and makes it highly unlikely the issue will come up…
WPRO radio (630 AM) is reporting that former Rhode Island Governor Bruce Sundlun died earlier this evening.
The Providence Republican City Committee has posted the complete video of Gary Morse’s presentation on “Rhode Island’s Rising Pension Tide” on their YouTube channel. You can view the first part by clicking below: Since Roland Lavallee, who made the official recording for the Providence Republicans, got much better sound quality than I did, I will…
The Republican “Cut, Cap and Balance” plan for addressing the tendency of government budgets to increase towards infinity passed the House yesterday. President Obama has said he would veto at least an earlier version, and Rhode Island Representatives James Langevin and David Cicilline both voted against it. Title I of the bill is the cut,…