Tag: fiscal showdown

Lew Welcomes Lack of Budget, Fiscal Drama

Buck Banks

It was an undramatic day. We didn’t have a discussion about a government shutdown. You didn’t hear concerns about the U.S. defaulting on its debt. We need to have a sustained, long period where we take that drama out of it, because, frankly, it wasn’t good for the U.S. or the global economy.

— Treasury Secretary Jack Lew, noting that on Oct. 1, the beginning of the new fiscal year, there was little, if any, notable conversation about the nation’s deficit or debt, In The Loop reported.

Congressional Rank-and-File Resistance Bodes Ill for the Fall

Buck Banks

It’s almost as though it was the end of traditional power. I’ve been here for 20 years, and I’ve never seen so much of a repudiation of the conventional sources of power in the legislative or executive branch. It portends for a much more chaotic fall.

— Rep. James Moran (D-VA), quoted by the Washington Post, on the rank-and-file resistance to both President Obama and Speaker John Boehner on Capitol Hill.