Day: August 28, 2014
King Threatens Government Shutdown Over Immigration
If the president wields his pen and commits that unconstitutional act to legalize millions, I think that becomes something that is nearly political nuclear… I think the public would be mobilized and galvanized and that changes the dynamic of any continuing resolution and how we might deal with that.
— Rep. Steve King (R-IA), asserting that “the threat of another government shutdown could be Republicans’ leverage to pass border security and immigration legislation this fall,” the Des Moines Register reports.
McConnell Says Obama Needs the Senate
There’s only one thing Barack Obama needs to keep his grip on power. He needs the U.S. Senate!
— Senate Minority Leader Sen. Mitch McConnell (R-KY), quoted by the New York Times Magazine.
Deficit Continues to Drop But Low Corporate Tax Rates Threaten Outlook

The federal deficit continues to decline thanks to budget cuts and slower growth in Medicare costs, but lower than expected corporate tax revenues dimmed some of the improved outlook, according to a report Wednesday from the Congressional Budget Office…
Declining corporate tax revenues are largely to blame for a $26 billion dip in overall revenue projections from the non-partisan budget office’s April forecast, and the budget director called the change not particularly large, but “notable.”


