Debt ceiling debate colors Nevada 2012 elections
LAS VEGAS (AP) — The rivals in Nevada's U.S. Senate race both are looking for a deal that would increase the limit on the nation's credit card, but differ strongly on what else must be packaged in a compromise that would avoid an economic collapse.
Republican Sen. Dean Heller said negotiators from both parties must eliminate corporate tax loopholes and warned he would not support a deal that includes tax increases.
His Democratic rival, Rep. Shelley Berkley , has said tax breaks for profit-rich corporations and millionaires have helped grow the deficit.
The opposing stances adopted by Heller and Berkley reflect how the candidates — here and across the nation — hope to portray themselves in an election that could determine which party will control the Senate. Heller has adopted a conservative, anti-tax front. And Berkley wants to be seen as the candidate who will fight for middle and low-income earners daunted by the economy. It's a tried-and-true dichotomy the parties have embraced for years.
Neither candidate has much of a say in the Washington debt talks. Heller is a Republican in a chamber controlled by Democratic Senate Majority Leader Harry Reid of Nevada. Berkley is just another Democratic voice in the Republican-led House.
Nevertheless, their response to the debt limit crisis is already shaping their 2012 Senate campaigns. They are being closely watched by National Democrats and Republicans and both candidates' ultimate vote on the issue will likely be used against them in attack ads.
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LAS VEGAS (AP) — The rivals in Nevada's US Senate race both are looking for a deal that would increase the limit on the nation's credit card, but differ strongly on what else must be packaged in a compromise that would avoid an
If you do get credit, you'll pay higher — much higher — interest rates. Virtually every small business owner depends on credit. Perhaps it's using a credit card to pay for a trip to call on a potential customer. It might be getting a line of credit
credit card,'” said Vitter, referring to the budget dilemma. “Well, that's not the solution. The solution is doing something meaningful about the underlying spending and borrowing problem.” “None of us wants to raise the debt ceiling,” Paul said.
MBNA, the credit-card issuer that is a subsidiary of Bank of America, has launched a new card with a 19-month zero per cent balance-transfer facility, which is available until July 18. This is the longest interest-free balance-transfer
They serve as a ready microcosm for all that ails the US right now, which can be summed up by one word - debt. Households are still carrying too much debt, whether it's in the form of credit card debt or mortgage debt (made worse by declining home
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