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Patent Reform, a Path to Job Creation

The Senate passed patent reform last night by a vote 89-9, marking the first jobs bill to pass this fall.  Its passage came after weeks of Republicans stalling it in the House. The bill, titled the Leahy-Smith America Invents Act, is expected to spur innovation and jobs.  By clearing a three-year backlog of patent applications,…

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CBO: Senate Plan Cuts Debt by $1.3T More Than Boehner Plan

Today, the Senate bill to prevent a default received another boost when Congress’s official scorekeeper confirmed it will save $1.3 trillion more than the Boehner bill. And in the first year alone, the Senate plan would reduce the deficit by $30 billion, compared to the $1 billion Boehner’s plan would cut. CBO has also affirmed:…

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Shot/Chaser: Kyl Opposing Deficit Reduction Proposal He Already Voted For

SHOT Kyl Says He Will Block Reid Deficit Proposal Because It Includes War Savings. “Jon Kyl tells me he expects Rs to block Reid plan because of how Iraq/Afghanistan savings are considered. politi.co/n7XTD2 <http://t.co/OzbnFQl> ”  [Tweet by Politico’s Manu Raju, 7/25/11 <http://twitter.com/#!/mkraju/status/95592964717424640> ] CHASER Kyl Voted For Ryan Budget That Included Exact Same War Savings.…

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Really? GOP Lawmakers Still Downplaying Consequences Of A Default

Ron Johnson Downplayed the Consequences of Failing to Raise The Debt Limit. Johnson said,  “I am a little bit cynical about the scare mongering and putting America’s back up against this Aug. 2 deadline just to get an increase in the American credit card.”  [Roll Call, 7/18/11] Rep. Todd Rokita (R-IN) “I Am Not Worried…

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ICYMI: Richmond Times Dispatch: Virginia’s Young Gun Misfires

Richmond Times Dispatch – Jeff E. Schapiro: Virginia’s young gun misfires Jeff Schapiro July 17, 2011 Virginia’s young gun apparently shot himself in the foot. Eric Cantor this past week had an opportunity to define himself for an audience beyond the Beltway as more than a rigid conservative with one word in his vocabulary: no.…

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Senate Democrats Outline Stark Reality Country Will Face if GOP Forces Default on Debt

Senators Chuck Schumer (NY), Ben Cardin (MD) , Mark Begich (AK) and Chris Coons (DE) warned this morning of a calamitous outcome if the GOP forces the U.S. to default on its debt for the first time in history. The chart below illustrates just how difficult it would be for our country to pay its…

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Eric Cantor’s High School Yearbook Quote

“I want what I want when I want it.” — Eric Cantor’s High School Yearbook Quote “What Cantor wants now is power — and he is prepared to risk the full faith and credit of the United States to get it.” [Washington Post, Milbank Column, 7/13/11] CANTOR’S INSISTENCE ON ALWAYS GETTING HIS WAY IS PREVENTING…

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Video: Democrats Preview the Week Ahead in Congress

Senate Democratic leaders have invited President Obama and Vice President Biden to Capitol Hill next week to move deficit-reduction talks forward. Progress will depend on Republicans’ willingness to end tax breaks for the wealthy. “The main obstacle to finding common ground is Republicans’ stubborn insistence on protecting taxpayer-funded giveaways to corporations and individuals who don’t…

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McConnell Urged to Include Ethanol Subsidies in Debt Talk

Video: Democratic Senators Chuck Schumer, Barbara Mikulski, Robert Menendez, Ben Cardin, Sheldon Whitehouse, and Richard Blumenthal called on Republican Leader Mitch McConnell to to erase his line in the sand on including revenues in debt deal.  

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Reid on Debt Talks: ‘Terribly Disappointed’ in Cantor & Kyl

Video: Senator Harry Reid expressed his frustration this afternoon with Republican Reps. Eric Cantor and Jon Kyl for their decision to drop out of debt-ceiling talks, led by Vice President Biden.  

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