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It's the "largest tax cut in American history"—unless you make over $400,000.
Senate Majority Leader Harry Reid Tweeted, "In light of recent events, I have decided to postpone Tuesday's vote on the PROTECT IP Act #PIPA."
Reid has approved of an agreement signaled earlier today by Minority Leader Mitch McConnell that would cut the deficit by more than $2.5 trillion and raise the debt-ceiling limit through 2013.
Senator Mitch McConnell told reporters this afternoon that a default on U.S. debt "is not going to happen," and that he's "confident and optimistic" of an "agreement within the very near future."
In a closed-door meeting with his caucus this morning, Boehner ordered his far-right colleagues who have resisted any increase in the debt ceiling to "get your ass in line" behind his proposed bill.
Speaker Boehner said, "In the end, we couldn't connect. Not because of different personalities, but because of different visions for our country."
With just over an hour before the midnight deadline, Republicans and Democrats
The Senate is where good things go to die, but the
As the 9/11 Health and Compensation act comes closer to cloture
Last night, Mayor Bloomberg held a fundraiser for Senate Majority Leader
Update Below: In another sign that he's serious about challenging Sen.
Senate Majority Leader Harry Reid is bailing water after remarks he
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