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WASHINGTON, D.C. — Lawmakers return to Washington this week with a debt limit deadline looming and no clear plan yet to deal with the issue as the clock ticks down.The federal government will once again run up against the debt limit when it comes back into effect on Saturday, March 2, at a record high of roughly trillion.That could set the stage for a clash between Democrats and Republicans along with President Donald Trump. But despite bipartisan outrage over the size of the national debt, there may not be any significant legislative action from Congress right away.That's in part because the United States isn't at risk of an immediate default. The Treasury Department can start taking steps known as "extraordinary measures" to prevent that from happening and those measures 800
Where the Mississippi River nears its end, sits a city that nearly faced its own end.“It’s a different kind of place,” said Louisiana native Hosea LaFleur.Nearly 15 years after Hurricane Katrina, New Orleans remains a city where the past never strays too far from the present. The storm is still felt by every homeowner here on their homeowners’ insurance bills.After the storm, insurance companies no longer wanted to offer homeowners insurance in parts of Louisiana that were vulnerable to hurricanes. They thought it was a money-loser.So, the state created Citizens Insurance. Initially controversial, it was funded by all the property owners in the state, including people who didn’t live anywhere near the damaged areas.“That certainly was a hard sell for those folks,” said Louisiana Insurance Commissioner Jim Donelon.Louisiana’s Citizens Insurance eventually helped stabilize the insurance market after Katrina and attracted more than 30 new insurance companies to the state. The number of homeowners on Citizens has also since plummeted, from 174,000 in 2008 to about 38,000 today, representing about 0.4 percent of the market there.“The policyholders are contributing fees, as well as the companies writing business contribute fees,” said Joey O’Connor, owner of the O’Connor Insurance Group and president of the Independent Insurance Agents and Brokers of Louisiana.Hosea LaFleur’s coastal home is on Citizens Insurance.“Just fell in love with it,” he said of the home. “Fell in love with the people, the things, the atmosphere.”It’s been hit by hurricanes twice: first Katrina in 2005 and then Gustav, three years later.“Knocked our walls down, everything down,” LaFleur said.Despite the repeated rebuilding, he wouldn’t dream of giving it up.“It's home to us,” LaFleur said. “We love it. We love everything about it.”Robert Allen is an adjunct professor at the School of Professional Advancement at Tulane University. His courses specialize in risk management and threat assessments. “That's going to start adding up,” he said, of rebuilding in vulnerable natural disaster areas. “Who foots the bill at the end of the day? You do. I do. Everybody else does.”Last year, the U.S. experienced 14 separate billion-dollar natural disasters: two hurricanes, two winter storms, eight severe storms, wildfires and a drought.From California wildfires to Midwest floods to coastal hurricanes, Allen said that as some insurance companies pull back from covering some areas, taxpayers will need to figure out if they want to keep footing the rebuilding bill.“At the end of the day is going to come down to money,” he said. “I mean, how much money is being put into that and at what point again do you decide this is enough?”Allen said one idea that’s been floated is to create a federal natural disaster insurance program, similar to the national flood insurance program. Taxpayers everywhere would be responsible for keeping it solvent.“There was talk or there is some kind of undertones about doing that with all hazards threats -- like doing that with the fires and just underwriting some of this stuff,” Allen said.It’s a challenge that taxpayers will have to confront, if they chose to rebuild areas hit over and over again by nature’s fury. 3259
Welcome to CNN's fact check of the sixth Democratic presidential primary debate.Thursday's debate was hosted by PBS and Politico, and came a day after the House of Representatives impeached President Donald Trump. It also came the same day the House voted to approve Trump's US-Mexico-Canada Agreement.Just a month and a half before the Iowa caucuses, the three-hour debate offered candidates a chance to delve more deeply into their policy disagreements than they had in their five previous clashes.Only seven candidates met the party's thresholds for qualification this time: former Vice President Joe Biden, Vermont Sen. Bernie Sanders, Massachusetts Sen. Elizabeth Warren, South Bend, Indiana, Mayor Pete Buttigieg, Minnesota Sen. Amy Klobuchar and businessmen Andrew Yang and Tom Steyer.Klobuchar on Hillary Clinton margin of victoryKlobuchar said, "If you look at the poll[s], at the state that knows me best, and that is the state of Minnesota, it showed in the state that Hillary had her lowest margin of victory, it showed that I beat Donald Trump by 18 points."Facts First: She's basically right about the polls, but she's wrong about the 2016 election results.In 2016, Hillary Clinton barely defeated Donald Trump in Minnesota, winning by 1.6 percentage points. It was extremely close, but it wasn't her tightest margin of victory, as Klobuchar claimed. That state was New Hampshire, where Clinton 1421
Wimbledon has been canceled for the first time since World War II because of the coronavirus pandemic. The All England Club announced after an emergency meeting that the oldest Grand Slam tournament in tennis would not be held in 2020. Wimbledon was scheduled to be played on the outskirts of London from June 29 to July 12. "Following a series of detailed deliberations on all of the above, it is the Committee of Management’s view that cancellation of The Championships is the best decision in the interests of public health, and that being able to provide certainty by taking this decision now, rather than in several weeks, is important for everyone involved in tennis and The Championships," the club said in a statement Wednesday.The club added tickets will be refunded, and fans will be given the opportunity to purchase tickets for the same day and court during the 2021 tournament.The club also said it is in the process of developing a plan to support "those who rely on The Championship" for financial support, including staffers and players. The club did not go into specifics.Wimbledon now joins the growing list of sports events scrapped in 2020 because of the COVID-19 outbreak. That includes the Tokyo Olympics, the NCAA men's and women's college basketball tournaments and the European soccer championship. The last time Wimbledon was called off was 1945. 1384
WASHINGTON — Alaska Republican Sen. Lisa Murkowski says she's “struggling” over whether she can support President Donald Trump given his handling of the virus and race crises roiling the U.S. Murkowski said Thursday to reporters on Capitol Hill that she was “thankful” for retired Gen. James Mattis' extraordinary rebuke of Trump for politicizing the military. Mattis' comments, published Wednesday, accused Trump of dividing America, saying that Trump "does not evn pretend to try" to unite the countrty.Asked about her support of president, Murkowski replied, “I have struggled with it for a long time.” Murkowski retracted her endorsement of Trump in 2016 after the “Access Hollywood” tape revealed he had bragged about sexually assaulting women. She voted to acquit Trump of House impeachment charges earlier this year. Murkowski is among the first Republican lawmakers to formally rebuke Trump for his handling of Monday's photo op, which required hundreds of largely peaceful protesters to be removed from a park near the White House so Trump could walk to a nearby church, which had been burned during a weekend riot. 1137