Durbin opposes short-term extension of debt-ceiling
Democratic Sen. Dick Durbin of Ill. has announced that he wants to extend the debt ceiling until after the 2012 election. He says Republican House Speaker John Boehner’s plan to raise the ceiling as budget cuts are made would do nothing to help the economy, and won’t keep credit agencies from downgrading the nation’s debt. Rather, he says it would lead to higher interest rates.
New conservative ad campaign targets Mo. Sen. McCaskill, among others
Mo. Gov. Jay Nixon is asking President Barack Obama to issue a major disaster declaration for 23 northern counties hit by severe storms and flooding along the Missouri River. He announced the request Monday.
The disaster request would cover events since June 1. If approved, it would allow government aid to flow to families and public agencies that have suffered losses. The counties included in the request are:
Missouri officials say the May 22 tornado in Joplin contributed to the net loss of 13,000 jobs in the state. Joplin alone lost 9,400 jobs in June. The State Department of Economic Development says Missouri’s jobless rate fell from 8.9 percent in May to 8.8 percent in June. In recovery efforts, Gov. Jay Nixon will make a speech Tuesday in Joplin to announce what he calls a “major initiative to address both the near-term and long-term housing needs.”