06-20-2018  7:26 pm      •     
The Skanner Report
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NEWS BRIEFS

AG Rosenblum Seeks Info from Oregonians

Oregon Attorney General seeks information on children separated from families at border ...

Community Forum: How Does Law Enforcement Interact With Vulnerable Populations?

Forum will focus on public safety and examine mental health and addiction issues ...

King County Council Recognizes Juneteenth

The Metropolitan King County Council recognizes a true 'freedom day' in the United States ...

Unite Oregon Hosts ‘Mourn Pray Love, and Take Action’ June 20

Community is invited to gather at Terry Schrunk Plaza at 6 p.m. on World Refugee Day ...

MRG Foundation Announces Spring 2018 Grantees

Recipients include Oregon DACA Coalition, Kúkátónón Children’s African Dance Troupe, Komemma Cultural Protection Association ...

Oregon gun-storage proposal won't make November ballot

PORTLAND, Ore. (AP) — Oregonians will not be voting this fall on a proposal to require safe gun storage.Supporters of the initiative petition said Wednesday there isn't enough time to obtain the more than 88,000 valid signatures necessary to get the item on the November ballot.They had until...

Oregon Senator sues governor, state revenue department

SALEM, Ore. (AP) — An Oregon state senator has filed a lawsuit against top lawmakers and the governor, saying the passage of a controversial March tax measure violated the state constitution.Brian Boquist, a Republican from Dallas, Oregon, filed the suit Tuesday in state tax court, naming...

Suspect arrested in 1986 killing of 12-year-old Tacoma girl

TACOMA, Wash. (AP) — Tacoma police have arrested a man suspected of killing a 12-year-old girl more than three decades ago.The News Tribune reports 66-year-old Gary Hartman was booked into Pierce County Jail Wednesday afternoon on suspicion of first-degree murder in the death of Michella...

Trudeau: Canada to legalize marijuana on Oct. 17

TORONTO (AP) — Marijuana will be legal nationwide in Canada starting Oct. 17 in a move that should take market share away from organized crime and protect the country's youth, Prime Minister Justin Trudeau said Wednesday.The Senate gave final passage to the bill to legalize cannabis on...

OPINION

How Washington’s 'School Achievement Index' Became School Spending Index

New assessment categorizes schools not by quality of education, but level of funding officials believe they should receive ...

Black Mamas Are Dying. We Can Stop It.

Congresswoman Robin Kelly plans to improve access to culturally-competent care with the MOMMA Act ...

Hey, Elected Officials: No More Chicken Dinners...We Need Policy

Jeffrey Boney says many elected officials who visit the Black community only during the election season get a pass for doing nothing ...

Juneteenth: Freedom's Promise Still Denied

Juneteenth is a celebration of the de facto end of slavery, but the proliferation of incarceration keeps liberation unfulfilled ...

AFRICAN AMERICANS IN THE NEWS

AP Explains: US has split up families throughout its history

ALBUQUERQUE, N.M. (AP) — Some critics of the forced separation of Latino children from their migrant parents say the practice is unprecedented. But it's not the first time the U.S. government has split up families, detained children or allowed others to do so .Throughout American history,...

The Latest: Messi gets a chance to save face against Croatia

MOSCOW (AP) — The Latest on Wednesday at the World Cup (all times local):12:16 a.m.Lionel Messi is going to have a hard time keeping up with Cristiano Ronaldo at this year's World Cup.Ronaldo has all of Portugal's goals, a tournament-leading four so far, and has been getting in digs at Messi...

Ex-NAACP chief who posed as black pleads not guilty to fraud

SPOKANE, Wash. (AP) — A former NAACP leader in Washington state whose life unraveled after she was exposed as a white woman pretending to be black pleaded not guilty to welfare fraud on Wednesday.Nkechi Diallo, formerly known as Rachel Dolezal, made a brief appearance in Spokane County...

ENTERTAINMENT

Jimmy Fallon reveals personal pain following Trump fallout

NEW YORK (AP) — Jimmy Fallon is opening up about the personal anguish he felt following the backlash to his now-infamous hair mussing appearance with Donald Trump.The host of "The Tonight Show" tells The Hollywood Reporter he "made a mistake" and apologized "if I made anyone mad." He adds...

After 4,000 episodes, a halt for Jerry Springer's show

NEW YORK (AP) — Somehow it doesn't seem right for Jerry Springer to exit quietly.There should be one last thrown chair or a bleep-filled tirade, at the very least. Instead, it was announced with no fanfare this week that he will stop making new episodes of his memorably raucous talk show,...

Peter Fonda apologizes for 'vulgar' Barron Trump tweet

NEW YORK (AP) — Peter Fonda apologized Wednesday for a late-night Twitter rant in which he suggested 12-year-old Barron Trump should be ripped from "his mother's arms and put in a cage with pedophiles."The all-capitals tweet in the wee hours went on to call President Donald Trump an...

U.S. & WORLD NEWS

GOP senator defends EPA chief, calls ethics allegations lies

WASHINGTON (AP) — A Republican senator who had expressed concerns about Environmental Protection Agency...

AP Explains: US has split up families throughout its history

ALBUQUERQUE, N.M. (AP) — Some critics of the forced separation of Latino children from their migrant...

Trump supporters steadfast despite the immigration uproar

CINCINNATI (AP) — Cincinnati resident Andrew Pappas supported President Trump's decision to separate...

Burger King says sorry for Russian World Cup pregnancy ad

MOSCOW (AP) — Burger King has apologized for offering a lifetime supply of Whoppers to Russian women who...

Volgograd provides the proper perspective at World Cup

VOLGOGRAD, Russia (AP) — Nearly 60 years since it changed its name to Volgograd, the Russian city once...

Live animals, meat, ivory, wood seized in trafficking stings

PARIS (AP) — Thousands of live animals along with tons of meat, ivory, pangolin scales and timber were...

Jeanne Sahadi CNN Money

NEW YORK (CNNMoney) -- Lawmakers are tied up in knots over increasing the debt ceiling this fall. But they eventually will. The only question is how messy the process will be.

Why assume they'll raise it? Because they have no real choice if they want to avoid a U.S. default. A default would hurt the economy and markets, and most lawmakers know this. That's why they regularly raise the debt ceiling before it comes to that.

In fact, since 1940, Congress has effectively approved 79 increases to the debt ceiling. That's an average of more than one a year.

How do they raise it? Sometimes lawmakers have raised it by small amounts, other times by large amounts. And sometimes they've raised it "temporarily" with provisions for a "snap-back" to a lower level.

Since it's a politically tough vote, they occasionally devise clever ways to tacitly approve increases without ever having to publicly record a "yes" vote.

For example, as part of the deal to resolve the 2011 debt ceiling war, Congress approved a plan that let President Obama raise the debt limit three times unless both the House and Senate passed a "joint resolution of disapproval." Such a measure never materialized. And even if it had, the president could have vetoed it.

Then this past February, lawmakers decided to temporarily "suspend" the debt ceiling.

Under this scheme, Treasury was able to continue borrowing to pay the country's bills until May 19. At that point, the debt limit automatically reset to the old cap plus whatever Treasury borrowed during the suspension period.

What does raising the debt ceiling accomplish? Despite some politicians' incorrect assertions, raising the debt ceiling does not give the government a "license to spend more."

It simply lets Treasury borrow the money it needs to pay all U.S. bills in full and on time. Those bills are for services already performed and entitlement benefits already approved by Congress. In other words, it's a license to pay the bills the country incurs as a result of past decisions made by lawmakers from both parties over the years.

Refusing to raise the debt ceiling is "not like cutting up your credit cards. It's like cutting up your credit card bills," said historian Joseph Thorndike, who has written about past debt crises.

How high is it today? The debt ceiling was reset at $16.699 trillion on May 19, up from the $16.394 trillion where it was before the suspension.

Since then, Treasury has been forced to use "extraordinary measures" to keep the country from breaching the limit.

Treasury Secretary Jack Lew said those measures will be exhausted by mid-October, after which he will only have $50 billion on hand, plus incoming revenue to pay what's owed. Sounds like a lot, but it won't last long.

How long will it last? An analysis by the Bipartisan Policy Center estimates that the Treasury will no longer be able to pay all bills in full and on time at some point between Oct. 18 and Nov. 5.

So, you're saying they only have a few weeks to work this out? Yup.

House Republicans say they will demand spending cuts and fiscal reforms in exchange for their support of a debt ceiling increase. The White House, meanwhile, has said it won't negotiate quid pro quos.

The question is when will Republicans or the White House -- or both - bend in the standoff? If recent history is any guide it likely will be just in the nick of time.

And there's no telling how creative the deal they cut will be.

But any bad blood created along the way almost certainly would poison other budget negotiations.

 

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