GOP says no debt ceiling hike without concession’s

Senate Minority Leader Mitch McConnell wants some big cuts before he raises the debt ceiling
Senate Minority Leader Mitch McConnell wants some big cuts before he raises the debt ceiling

According the Huffington Post  Senate Minority Leader Mitch McConnell (R-Ky.) said Tuesday that the nation’s debt limit won’t be raised unless Republicans can extract concessions from Democrats and President Barack Obama.

The borrowing limit, which was suspended until Feb. 7, 2014, as part of the deal to end the government shutdown in the fall, stands at about $17.2 trillion. The Treasury Department estimates that without a hike, it can keep paying the nation’s bills only until sometime in March.

The budget agreement that passed the House overwhelmingly last week and is set for passage in the Senate — likely on Wednesday — would also require a boost in the debt ceiling in order to carry out the spending that it mandates. But McConnell said Republicans would not allow that. More…

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Jim Williams is the Washington Bureau Chief, Digital Director as well as the Director of Special Projects for Genesis Communications. He is starting his third year as part of the team. This is Williams 40th year in the media business, and in that time he has served in a number of capacities. He is a seven time Emmy Award winning television producer, director, writer and executive. He has developed four regional sports networks, directed over 2,000 live sporting events including basketball, football, baseball hockey, soccer and even polo to name a few sports. Major events include three Olympic Games, two World Cups, two World Series, six NBA Playoffs, four Stanley Cup Playoffs, four NCAA Men’s National Basketball Championship Tournaments (March Madness), two Super Bowl and over a dozen college bowl games. On the entertainment side Williams was involved s and directed over 500 concerts for Showtime, Pay Per View and MTV Networks.