Democrats generally consider Rep. Lee Terry (R) of Nebraska to be one of the House Republicans’ most vulnerable incumbents, and they very nearly defeated him last year. For 2014, state and national Democratic officials — including Vice President Biden himself — reached out to a popular Omaha city councilman, Pete Festersen, and urged him to seek the seat.
Festersen declined, citing his two young children. But last week, something interesting happened: the councilman changed his mind. Everything you’ve heard of late about 2014 is true. Polls show Republican support collapsing, but the midterm elections are still a year away, and it’s too early to make firm predictions.
But this story out of Omaha offers an important reminder about the consequences of the Republican Party’s ongoing disaster — they haven’t ensured electoral setbacks next year, but they’ve certainly laid the groundwork for defeat.
Think Progress: Countdown To Catastrophe: The Latest Updates On The Shutdown And The Debt Ceiling
The government would be funded through January 15th. The debt ceiling would be extended through February 7th. The budget cuts known as sequestration remain in place, and January 15 remains deadline for an additional $21 billion in cuts. Federal agencies get flexibility in how they make the cuts required under sequestration. A committee would be established to have further talks on budget cuts. The committee would need to present a proposal by December 13th. A reinsurance tax that is part of Obamacare would be delayed. Recipients of subsidies for their insurance under the exchanges established by Obamacare would be subject to income verification
After a meeting with Sen. Ted Cruz (R-TX) last night, it seems that House Republicans are set to reject the deal Reid and McConnell came up with.
Yet another TOD post that has been reblogged by Jueseppi B, despite requests that he make his own effort to support PBO rather than copying others simply to drive up his reblog’s traffic. He doesn’t take kindly to being challenged, as another woman found out: explicit. Genuine bloggers are welcome to use anything they ever see at TOD. Thanks
ABC: The private equity firm founded by Republican presidential candidate Mitt Romney made use of arcane techniques in several of its Cayman Islands-based funds to avoid U.S. taxes, according to a trove of Bain Capital’s private audit and finance records made public on the website Gawker today.
The audited financial statements of one of the Cayman Islands funds make note of the use of “blocker” entities, which are used to help retirement accounts and nonprofit entities avoid some taxes. Financial statements for another fund note that it “intends to conduct its operations so it will … not be subject to United States federal income or withholding tax …”
Those details emerge on the statements of two funds in which Romney still holds a sizeable investment, according to the financial disclosure statements he filed when he announced his bid for president.
First lady Michelle Obama greets Sikh temple secretary of the board of trustees Kulwant Singh Dhaliwal, left, and Oak Creek, Wis. Mayor Stephen Scaffidi, before talking to victims of the August 5th shooting in Oak Creek, Wis.