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Fast Forward White House Cool to $1T Platinum Coin Plan
The White House on Wednesday sees little profit in the notion of minting $1 trillion platinum coin as an escape hatch to avoid a debt default if Congress balks at raising the U.S. debt limit. With another standoff with Congress over raising the debt ceiling looming as early as mid-February, a petition on the White…
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Opinion The $1 Trillion Debt Ceiling Solution
Rep. Jerry Nadler (D-N.Y.) wants the government to mint a platinum coin worth…a cool $1 trillion.. Nadler, a Jewish Upper West Sider, thinks the minting of a ridiculously valuable coin could foil GOP attempts to hold Democrats hostage in debt ceiling negotiations. It would allow the government to pay its debts without going through Congress,…
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Fast Forward Jewish Lawmaker’s Debt Plan? $1T Platinum Coin
If you had to flip a coin over whether Congress will raise the debt ceiling, here’s the ultimate one – a freshly minted trillion-dollar platinum coin. A formal petition has been started asking the White House to create such a coin in order to avoid another high-stakes fiscal battle to raise the debt ceiling. The…
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Fast Forward Barney Frank Seeks Interim Seat in Senate
Former Massachusetts U.S. Representative Barney Frank says he would like to fill in for Senator John Kerry, who has been nominated for secretary of state, as Congress battles over the budget and raising the debt ceiling in the next few months. Frank, who retired from Congress this week and was the top Democrat on the…
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Fast Forward John Boehner Reelected as House Speaker
Despite a rocky few weeks during the “fiscal cliff” fight, John Boehner won re-election as speaker of the House of Representatives on Thursday and will lead Republicans as they take on the White House over federal spending. Boehner beat Democratic Minority Leader Nancy Pelosi by 220-192 in the speakership vote on the first day of…
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Fast Forward Jews Praise Fiscal Cliff Resolution
While not totally satisfied with the results, many Jewish groups have come out in support of Congress’ last minute efforts to reach a fiscal cliff deal. Linda Slucker, president of the National Council of Jewish Women, said her organization welcomed the part of the deal that protects Medicare, Medicaid and Social Security while extending unemployment…
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Fast Forward Christie Slams Boehner for Dropping Ball on Sandy
New Jersey Governor Chris Christie on Wednesday blamed U.S. House Speaker John Boehner, a fellow Republican, for delaying a vote on federal disaster aid for Superstorm Sandy, calling the inaction “disappointing and disgusting.” “There is only one group to blame for the continued suffering of these innocent (storm) victims – the House majority, and their…
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Fast Forward Congress Slammed for Skipping Sandy Aid Vote
Governors Chris Christie of New Jersey and Andrew Cuomo of New York excoriated the U.S. House of Representatives on Wednesday for delaying action on a $60.4 billion Superstorm Sandy disaster aid bill, according to a joint statement. Lawmakers ended their session on Tuesday night without voting on the measure, a move that Cuomo and Christie…
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Opinion More than 25% of Israelis want to leave the country. How did we get here?
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Fast Forward Northwestern agrees to pay $75M, void encampment deal to end Trump’s antisemitism investigation
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Fast Forward Netanyahu says he is formally seeking the pardon Trump requested on his behalf
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