WASHINGTON (Reuters) - Senate
Republican leader
Mitch McConnellproposed a "backup
plan" on Tuesday that would allow a divided
Congressto raise the debt ceiling
with just the votes of Democrats.
The complicated legislative
maneuver would avert an imminent default and let Republicans wash
their hands of the politically toxic issue.
As outlined by McConnell,
President Barack Obamawould
formally request an increase in the $14.3 trillion debt ceiling,
which Congress would reject through a "resolution of
disapproval."
Obama would then veto that
resolution and send it back to Congress. If Congress failed to
muster the two-thirds vote needed to override a veto, the debt
ceiling would effectively be lifted by the amount Obama had
requested.
Obama and congressional
leaders have failed so far to come up with a budget deal that could
pass both the Republican-controlled
House of Representativesand the
Democratic-controlled Senate.
The community is delayed by three days for non registered users.
GRZ
Posted by mark11 on 21st of Jul 2011 at 10:39 am
closing in on 2.60 resistance and daily PSAR overhead
SPY 132
Posted by mark11 on 15th of Jul 2011 at 03:23 pm
dont forget max pain level
Obama 11 EST
Posted by mark11 on 15th of Jul 2011 at 10:04 am
NYSE halted
Posted by mark11 on 14th of Jul 2011 at 10:50 am
what does that mean?
I think it was mid-late
Copper and QE2 vs. QE3
Posted by mark11 on 13th of Jul 2011 at 12:49 pm
I think it was mid-late August out of a conference in Jackson Hole
Great "backup plan"
Posted by mark11 on 12th of Jul 2011 at 03:36 pm
WASHINGTON (Reuters) - Senate Republican leader Mitch McConnellproposed a "backup plan" on Tuesday that would allow a divided Congressto raise the debt ceiling with just the votes of Democrats.
The complicated legislative maneuver would avert an imminent default and let Republicans wash their hands of the politically toxic issue.
As outlined by McConnell, President Barack Obamawould formally request an increase in the $14.3 trillion debt ceiling, which Congress would reject through a "resolution of disapproval."
Obama would then veto that resolution and send it back to Congress. If Congress failed to muster the two-thirds vote needed to override a veto, the debt ceiling would effectively be lifted by the amount Obama had requested.
Obama and congressional leaders have failed so far to come up with a budget deal that could pass both the Republican-controlled House of Representativesand the Democratic-controlled Senate.
a Guiness in front of
moody's downgrades Ireland
Posted by mark11 on 12th of Jul 2011 at 03:31 pm
a Guiness in front of me is an even better position
ditto!
BCON - thank you Matt !
Posted by mark11 on 12th of Jul 2011 at 02:54 pm
VHC
Posted by mark11 on 7th of Jul 2011 at 12:53 pm
use caution trading this beast! This thing can turn on a dime. moves like a 3X!
FEED
Posted by mark11 on 7th of Jul 2011 at 10:27 am
Nice 15 min. bull flag forming??
Nice, Matt. Thanks, I did
EEE
Posted by mark11 on 7th of Jul 2011 at 10:21 am
Nice, Matt. Thanks, I did take it and took half off at 16%
GS
Posted by mark11 on 1st of Jul 2011 at 02:11 pm
First Daily green PSAR in a month. low volume and 60 stochs still need work --way below 20
SPY
Posted by mark11 on 1st of Jul 2011 at 01:38 pm
R3 is 134.01 according my TOS folks
new ruling on debit swipe
V MA
Posted by mark11 on 29th of Jun 2011 at 03:18 pm
new ruling on debit swipe fees
FWIW , GS has lost
GS???
Posted by mark11 on 28th of Jun 2011 at 02:59 pm
FWIW , GS has lost weekly low of 129.50 June 2010 course, it's only Tues. of this week
icgn
Posted by mark11 on 27th of Jun 2011 at 09:37 am
Can anybody find any news on this 125% up day?
We'll call you when the
steve- at the 50EMA and support line on your chart..
Posted by mark11 on 21st of Jun 2011 at 03:44 pm
We'll call you when the 5 min bounces and runs to 1302
LOL
spx5, watch 30 and 70% levels on RSI(14) for short term clues...
Posted by mark11 on 21st of Jun 2011 at 03:33 pm
Kobie, I think you do just fine during regular market hours!!
You are not alone, grasshoppa
TD AMeritrade
Posted by mark11 on 20th of Jun 2011 at 03:59 pm
You are not alone, grasshoppa
with ya at .02
SPY system potential long today
Posted by mark11 on 15th of Jun 2011 at 04:03 pm
with ya at .02