90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Monday, July 25, 2011

Lawmakers Play Chicken In Debt Ceiling Debate

Senate Majority Leader Harry Reid (D-Nev.) and House Majority Leader John Boehner (R-Ohio) on Capitol Hill, Washington. (AP)

Senate Majority Leader Harry Reid (D-Nev.) and House Majority Leader John Boehner (R-Ohio) on Capitol Hill, Washington, Saturday. (AP)

Who will blink first? Senate Majority Leader Harry Reid says he is crafting a deal that would cut spending by $2.7 trillion to make up for the $2.4 trillion increase in government borrowing.

Republicans say they doubt those cuts are achievable and House Speaker John Boehner favors a two-step process with $1.2 trillion in cuts and spending caps immediately and a $900 billion debt ceiling increase. That would be followed by the creation of a congressional committee that would find an additional $2 trillion in cuts through 2013.

If an agreement is not reached by Aug. 2, the U.S. won’t have cash to pay all its bills. Economic analysts say that could have a catastrophic impact on financial markets.

Guest:

  • Jay Newton-Small, Time magazine congressional correspondent

Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

November 27 Comment

Poet David Roderick Explores What It Means to Be American

Award-winning poet David Roderick joins us on this Thanksgiving to discuss his second book, "The Americans."

November 27 Comment

Mother Of Released Hostage Theo Padnos Speaks Out

Nancy Curtis discusses her son's capture and the behind-the-scenes negotiations that led to his release in August.

November 26 2 Comments

UC President Janet Napolitano Says Tuition Must Rise

Napolitano defends the planned tuition increases, which some students and lawmakers say are too steep.

November 26 19 Comments

National Bar Association Critical Of Ferguson Grand Jury Process

St. Louis attorney Pamela Meanes, who is president of the association, explains her concerns with how the D.A. handled the process.