Top Stories

The New Mexico Independent going forward

By | 11.16.11

I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…

EIB hears more anti-cap-and-trade testimony

Mesa Verde 80
By | 11.10.11

While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…

New Mexico’s largest university low in popularity

jobs-80
By | 11.10.11

Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.

Photo: The Comedian, Flickr

Both New Mexico senators vote for debt deal

By | 08.02.11 | 2:46 pm

The U.S. Senate approved Tuesday the debt deal, the Budget Control Act of 2011, by a vote of 74-26, with 45 Democrats and 28 Republicans voting yes, including New Mexico Democratic Sens. Jeff Bingaman and Tom Udall.

The House passed the bill Monday and President Obama signed it into law later Tuesday afternoon. Nineteen Senate Republicans, six Democrats and Independent Sen. Bernie Sanders from Vermont voted no.

With the passage of the bill, the U.S. Treasury Department has an immediate $400 billion more in borrowing authority. Another $500 billion is all but guaranteed to be approved unless Congress overrides a presidential veto by a two-thirds vote. Future debt ceiling increases between $1.2 billion and $1.5 billion can be requested by President Obama depending on whether a balanced budget amendment is approved.

The plan includes $2.1 trillion in budget cuts over ten years.

Comments