Even after the election, Republican Speaker of the House John Boehner is still trying to repeal the Affordable Care Act, even after all three branches of government have approved this. Meanwhile, other Republicans line up for 2016. Keith Boykin and Zachary Karabell of CNBC and Martin Kady of Politico discuss with Thomas Roberts on MSNBC's News Nation.
Read moreObama-Republican Fight Over Gas Prices Is Pure Political Theater
Tuesday’s partisan small ball on gas prices, replete with consequential rhetoric and insignificant action, did nothing to dispel the sinking feeling that we are in for months of political theater as real challenges and issues founder.
Read moreBudget Debate and the Deficit Friendly Tax Cut
Washington is entering its summer of discontent, with no resolution of the budget and debt issues that will push the federal government to the brink of insolvency in early August. Among the many divisive issues: what to do about taxes in general and corporate taxes in particular.
Read moreObama and the GOP's Risky Gamesmanship Over Debt Ceiling Could Spur Another Credit Crisis
It’s official: the United States government is overdrawn on its debt limit of $14.294 trillion as of yesterday. Well, not technically overdrawn, as the U.S. Treasury directed by Secretary Timothy Geithner has taken a variety of measures to forestall any actual federal defaults on its operations—which range from keeping the lights on at the Smithsonian to maintaining combat forces in Afghanistan. These accounting sleights-of-hand will delay any actual defaults to early August. But still, after months of inconclusive wrangling by both parties, a new Rubicon has been crossed.
Read more