Hundreds of thousands of government employees went on furlough today, as the federal government began a partial shutdown. Thousands of those employees live and work in the St. Louis region. Meanwhile the debt ceiling deadline looms.
What kind of economic impact will the shutdown and debt ceiling have on the St. Louis region?
St. Louis on the Air host Don Marsh spoke with economist Howard Wall, Colonel Kyle Kremer, Commander of the 375th Air Mobility Wing at Scott Air Force Base, and St. Louis Beacon reporter Jason Rosenbaum to find out.
Missouri Senator Roy Blunt says the failure of two balanced-budget amendments today shows Senate Democrats aren’t serious about dealing with the deficit.
The defeat of both bills – one from Democrats, one from Republicans – ends the current push to force a yearly balanced budget from Congress. Blunt, who voted for the Republican-backed bill, says the fact that neither party could pass their amendment speaks to the heart of the Senate’s disfunction.
U.S. Senator Claire McCaskill of Missouri says she was embarrassed by the actions of Congress during the recent debt ceiling debate.
McCaskill visited a number of manufacturers around the state this week to learn how to create more jobs and stop work from being shipped overseas. And she says she got an earful from constituents upset with Congress' inability to compromise on extending the debt ceiling.
Both of Missouri’s U.S. senators today supported the emergency bill that averts a first-ever government default. The measure, which was the source of months of contentious and partisan debate, raises the nation’s debt ceiling. Republican Senator Roy Blunt says he voted for the bill because it’s a good first step to rein in federal spending.
Originally published on Tue August 2, 2011 11:43 am
Update at 2:07 p.m. ET. President Signs Bill:
President Obama has signed into law a bi-partisan bill that raises the debt ceiling and avoids a government default that analysts as well as the White House warned could have had catastrophic effects on the American economy.
Earlier today, the Senate voted 74-26 to send the bill to the president's desk. The AP reports Obama signed the bill privately in the Oval Office.
Originally published on Thu July 28, 2011 11:26 am
Rep. Todd Akin's constituents want to see a deal putting an end to the debt-ceiling debate, but not just any deal.
Despite party pressures, the Missouri Republican is planning to vote against Speaker John Boehner's latest proposal to lift the debt ceiling. It doesn't do enough to "address the spending problem," according to Akin's spokesman Steve Taylor.