Obama signs debt ceiling suspension, ‘No Budget, No Pay’ into law

Obama signs debt ceiling suspension, ‘No Budget, No Pay’ into law

Carolyn Kaster/AP

President Obama has signed Congress’ temporary debt ceiling suspension into law, including the “No Budget, No Pay” provision.

The law will lift the current debt limit of $16.4 trillion through May 18, allowing the federal government to continue borrowing to pay its bills until then. It also prohibits lawmakers from getting paid should they fail to pass a fiscal 2014 budget. The funds would be held in an escrow account until the budget was passed. If an agreement is not reached, the salaries would resume at the start of the 114th Congress in January 2015. Continue reading “Obama signs debt ceiling suspension, ‘No Budget, No Pay’ into law”

Wisconsin Collective Bargaining Law Struck Down By County Judge

Wisconsin Collective Bargaining Law Struck Down By County Judge

By SCOTT BAUER 09/14/12 07:46 PM ET

 Wisconsin Collective Bargaining

MADISON, Wis. — A Wisconsin judge on Friday struck down nearly all of the state law championed by Gov. Scott Walker that effectively ended collective bargaining rights for most public workers.

Walker’s administration immediately vowed to appeal, while unions, which have vigorously fought the law, declared victory. But what the ruling meant for existing public contracts was murky: Unions claimed the ruling meant they could negotiate again, but Walker could seek to keep the law in effect while the legal drama plays out.

The law, a crowning achievement for Walker that made him a national conservative star, took away nearly all collective bargaining rights from most workers and has been in effect for more than a year. Continue reading “Wisconsin Collective Bargaining Law Struck Down By County Judge”