Bloomberg Faults Congress for ‘Kicking the Can Down the Road’

Michael Bloomberg today.
Michael Bloomberg underground at the secret location under Central Park today.

Washington lawmakers finally reached a deal to re-open the government just hours before the debt ceiling deadline, but Mayor Michael Bloomberg isn’t celebrating yet.

“All of what they’re talking about is simply kicking the can down the road,” Mr. Bloomberg told Politicker this afternoon. Continue reading “Bloomberg Faults Congress for ‘Kicking the Can Down the Road’”

Cuomo Says D.C. Default Could Cost New York $2 Billion

Andrew Cuomo. (Photo: Getty)
Andrew Cuomo. (Photo: Getty)

Gov. Andrew Cuomo sounded the alarm bells over a potential federal default today, which he said would come with a price tag of as much as $2 billion in lost revenues for New York State alone.

Continue reading “Cuomo Says D.C. Default Could Cost New York $2 Billion”

Chuck Schumer Rails Against Republicans’ ‘Insane’ Obamacare Move

Senator Chuck Schumer talking to reporters in Brooklyn.
Senator Chuck Schumer talking to reporters in Brooklyn.

Senator Chuck Schumer on Friday accused Republican lawmakers of holding the country “hostage” and predicted they’d lose a looming fight over the debt ceiling and government funding. Continue reading “Chuck Schumer Rails Against Republicans’ ‘Insane’ Obamacare Move”

Charlie Rangel Discusses the Debt Ceiling Debate and $1 Trillion Coin

Charlie Rangel (Photo: Getty)
Charlie Rangel (Photo: Getty)

Congressman Charlie Rangel sat down with a small group of reporters yesterday for a wide-ranging discussion at his office. One of the main topics was the brewing battle over the debt ceiling and Politicker asked the congressman for his take on the idea President Barack Obama can avoid a fight with congressional Republicans who won’t raise the debt cap by having the Treasury Department mint a $1 trillion coin.

“I’m working on the design, one for the president and one for me,” Mr. Rangel said with a smile.

We wondered whether that meant he wanted to see his portrait depicted on the coin.

“No, I want one of the coins,” the congressman responded as the assembled reporters laughed. “The president gets one, he puts it in the treasury. I get one, I keep it. Makes sense to me.”

Earlier in the conversation, Mr. Rangel criticized Republicans who have said they will not vote to raise the debt ceiling without spending cuts because he said they are solely focused on slashing “so-called entitlements” that are social programs for “vulnerable” portions of the population.

Continue reading “Charlie Rangel Discusses the Debt Ceiling Debate and $1 Trillion Coin”

Diaz to Gillibrand: Now You Are Against Tax Hikes On The Rich?

ruben diaz Diaz to Gillibrand: Now You Are Against Tax Hikes On The Rich?Senator Kirsten Gillibrand sure is receiving flack from unlikely quarters for her vote yesterday against raising the federal debt ceiling on the grounds that it wasn’t a “balanced” approach.

First, State G.O.P. Chairman Ed Cox remarked on Gillibrand’s “political transformation.”

“In just over 2 years in the United States Senate, she has gone from upstate conservative Democrat Congresswoman to downstate liberal, representing the views of the most radical elements of her party,” he said. Continue reading “Diaz to Gillibrand: Now You Are Against Tax Hikes On The Rich?”

Beating the Debt Hoarse: As Washington Deadline Neared, Outrage Looked for An Outlet, and Ennui Reigned

capitol Beating the Debt Hoarse: As Washington Deadline Neared, Outrage Looked for An Outlet, and Ennui ReignedAs the American economy inched closer to collapse on Monday morning, 50 people took to the streets of Lower Manhattan, stripped naked and pantomimed life on Wall Street. One yelled about stock prices like a trader on the floor. Another swept the streets. A third pretended to sell hot dogs.

“This is a commentary on the absurdity of the situation,” said the artist behind the project, Zefrey Throwell. “It’s totally a Freudian nightmare to have people show up and work naked on Wall Street. This absurd statement I consider parallel to the lack of transparency on our financial structures.” Continue reading “Beating the Debt Hoarse: As Washington Deadline Neared, Outrage Looked for An Outlet, and Ennui Reigned”

Gregory Meeks, NYC's Lone Debt Deal Vote, Says Why

ny rep gregory meeks Gregory Meeks, NYC's Lone Debt Deal Vote, Says WhyQueens Congressman Gregory Meeks told The Politicker this morning that he was a reluctant vote to raise the debt ceiling, but that ultimately enough concessions were made by House Republicans to convince him to sign on.

“In order to get this done right, we very definitely had to have some revenue,” he said. “But if we are going to have a compromise, and there will be no revenue, then entitlements should not be cut, and as of right now entitlements have not been cut.” Continue reading “Gregory Meeks, NYC's Lone Debt Deal Vote, Says Why”