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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 31, 2011
Page
8
The August 2011 budget focuses on unemployment insurance and food aid under the 3.9 percent and 6.7 percent allocations. Key programs include Temporary Assistance for Needy Families housing support and Veterans affairs measures while IRS refunds and military pay are noted.
White House and congressional leaders pressed a last-minute compromise to avoid a looming debt default. Obama, McConnell, Biden, and Reid discussed terms as Treasury warns funds could run dry if no agreement by Tuesday. Markets paused with weekend closure.
The tea party movement that propelled GOP gains faces delays and revisions as leaders negotiate a debt ceiling bill with Democrats in a divided government. Critics say the movement is unfit for governing while supporters insist it will curb government in line with the Constitution. A Pew poll shows broad desire for compromise among voters.
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