U S debt passes a dubious milestone amid political clash
The United States topped 14 trillion in debt signaling a coming clash on Capitol Hill over raising the debt limit. Treasury warns of catastrophe if borrowing authority is not increased, as Republicans push cuts and Tea Party factions resist further borrowing amid a tense political climate.
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Time Warner Cable avoids blackout with Sinclair deal
Time Warner Cable and Sinclair Broadcast Group reached a deal in principle on fees for carrying Sinclair signals. The agreement prevents potential loss of Fox ABC and CBS affiliates for about 4 million customers, with a final deal expected within seven days.
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Senate gridlock hovers over presidential nominations
The piece notes historic delays in confirming top officials from Savannah naval officer aims in George Washington’s era to modern gridlock. It cites Bush’s 9/11 staffing gap, Geithner’s 2009 crisis, and a split Senate slowing 1,215 executive nominations while Volcker and the Partnership for Public Service push reforms including top 50 and top 500 appointee timelines.
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