Kay Bailey Hutchison Urges Fiscal Reform Ahead of Debt Ceiling
Texas senator Kay Bailey Hutchison urges urgent spending cuts and reforms to Social Security Medicare and Medicaid to avert a looming debt crisis as S and P lowers the US long term credit outlook and foreign holders shift away from US debt. She cautions against raising the debt limit without substantive fiscal reform and calls for a transparent budget process and a balanced approach.
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Today in History Highlights Major World Events
May 121st day of the year with 244 days left. Notable events include Mozart's The Marriage of Figaro premiere in Vienna 1786, eight hour workday push in the United States 1884, Chicago Board of Trade Building opening 1885, Lusitania’s 1915 New York departure and 1915 torpedoing with 1198 deaths, Pluto named 1930, Empire State Building dedication 1931, and Times Square bombing attempt 2010.
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Debt ceiling standoff builds as politicians wage brinkmanship
Washington headlines a looming debt limit clash as S P lowered the U S outlook to negative prompting GOP pressure for spending reforms. Cantor vows reforms, Welch leads a 114 Democrat push for no conditions. Geithner warns mid May to July headroom. Boehner demands major attached concessions. York reports from Capitol Hill.
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Baytown Sun letters and contact policy notice
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