Representative James Clyburn , the assistant Democratic leader in the U.S. House, said the “odds are very, very good” that negotiators will agree on a $3 trillion to $6 trillion package of spending cuts and tax increases in time to raise the U.S. debt limit before an Aug. 2 deadline.
Representative James Clyburn of South Carolina, the third-ranking U.S. House Democratic leader, in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, predicted that negotiators will agree on a plan to cut $3 trillion to $6 trillion in U.S. spending in time to raise the debt limit before an Aug. 2 deadline.
Sept. 6 (Bloomberg) -- U.S. Representative James Clyburn, a South Carolina Democrat, talks about the performance of President Barack Obama and the proposed policies of Republican nominee Mitt Romney. Clyburn speaks at the Democratic National Convention in Charlotte, North Carolina. (Source: Bloomberg)
U.S. House Speaker Nancy Pelosi said she would seek to remain leader of the chamber’s Democrats, rejecting calls to step aside after her party lost at least 60 seats and its House majority in midterm elections.
U.S. companies, forbidden to give money directly to political action committees, are taking advantage of controversial federal rules allowing them to ask employees to do it for them in exchange for matching charitable donations.