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Brad Miller: Debt default consequences 'far worse than Congress knows'

Former North Carolina Congressman Brad Miller, a Raleigh Democrat, says "he consequences of default on the national debt may be far worse than Congress knows. In fact, it’s hard to tell what Congress knows."

In an op-ed for Politico, Miller continues: "Congress must know that a default will most likely result in a credit downgrade and increase the interest rate on government borrowing, a needless increase in the cost of America’s debt service by hundreds of billions of dollars over the next decade or two. But there is so much more that could go wrong in a dimly understood and still fragile financial system." Read the whole piece here.

Democrats remember pre Holding good ol' days

Former Congressman Brad Miller will be honored Saturday night by the Wake Democratic Men's Club as a "Democratic Hero.''

Miller will be honored at a dinner at the North Raleigh/Midtown Hotel at 6 pm. He was a mainstay in local Democratic politics having served 10 years in Congress and several terms in the state legislature. Miller is also a former Wake County Democratic chairman.

Miller decided not to run for reelection last November after the Republicans drew unfavorable lines for 13th district. In June, Miller joined the New York law firm of Grais & Ellsworth.

Hahn murder investigation focuses on political money

Detectives investigating the April slaying of political fundraiser Jamie Kirk Hahn got the bank records of suspect Jonathan Broyhill for the year leading up to the day Hahn, 29, was fatally stabbed and her husband was injured at their home because they suspected Broyhill of embezzling, a search warrant shows.

Broyhill is charged with murdering Hahn, who died two days after the April 22 attack. Broyhill worked at Sky Blue Strategies, Hahn’s political consulting firm and was the best man at her 2009 wedding to Nation Hahn. “During the course of the investigation, it was learned that Jonathan Broyhill was suspected of embezzlement from the victims’ business,” Detective Z.A. Morse told a magistrate in asking for the warrant for the Wells Fargo account information. Get more details here.

Brad Miller joins New York law firm

Former Congressman Brad Miller of Raleigh has joined the New York law firm of Grais & Ellsworth.

Miller, who represented the 13th district for a decade, has joined the litigation firm as Of Counsel. The firm, formed in 2007, is working on actions against 19 securities dealers to rescind the sale and purchase of of nearly $30 billion in certificates backed by Alt-A and mime mortgage loans.

"Grais & Ellsworth gives me the chance to stay on the side with which my sympathies lie,'' Miller said in a statement. "Middle-class families got hurt coming and going in subprime lending. They refinanced their houses with dishonest, predatory mortgages, and then their pension bonds bought dishonest bods backed by those dishonest predatory mortgages. Representing mortgage investors now is really an extension of my fights in Congress.''

Miller was a member of the House Financial Services Committee, where he lead efforts against predatory mortgage lending and the creation of the Consumer Financial Protection Bureau.

Earlier this month, it was announced that Miller would join the Washington-based Center for American Progress as a senior fellow for economic policy.

Miller, a Democrat, did not seek re-election last year after the GOP legislature redrew the lines to make the district heavily Republican. He briefly considered challenging 4th district Democratic Rep. David Price, but decided against it.

Brad Miller joins DC think tank

Former Rep. Brad Miller will join the Washington-based Center for American Progress as a senior fellow for economic policy.

Miller, a Raleigh Democrat, will work with the housing finance and policy team on foreclosure prevention, neighborhood stabilization, and housing-finance reform, s well as on broader financial-services issues and systemic risk concerns.

“His vast experience shaping the policy debate will play a valuable role in our efforts to strengthen the middle class and grow the economy by ensuring that more Americans have access to stable and affordable housing,” said Neera Tanden, the center's president and a former staffer in the Clinton and Obama administrations.

The center is a liberal think tank formed in 2003 to be a counterweight to the conservative Heritage Foundation.

Miller served a decade in the U.S. House, representing the 13th district, but did not seek re-election, when the Republicans redrew his district to give it a strong GOP orientation. Miller served on the House Financial Services Committee where he was heavily involved in financial reform legislation.

Democrats pay tribute to Jamie Hahn at J-J

The Democrats took time out to honor the Jamie Hahn at their Jefferson-Jackson Day Dinner Saturday night in Raleigh.

The dinner was dedicated to Hahn, with a page in the eight-page program in memory of the young Democratic Party fund raiser who was slain earlier in the week.

There was a film tribute to Hahn shown featuring photographs of her set to the Beatles song “Imagine.”

“Jamie was in politics for the right reason,'' said former Congressman Brad Miller of Raleigh. Other officials, including North Carolina Sen. Kay Hagan, Massachusetts Mo Cowan, and Congressman David Price remembered her.

Many of the Democrats at the dinner attended her funeral service earlier in the day.

Morning Memo: Gift ban repeal dead, Hahn investigation seeks motive

TILLIS SAYS LOBBYIST GIFT BAN WILL REMAIN INTACT: House Speaker Thom Tillis took to Twitter this week to declare Republican Robert Brawley's bill to lift the ban on lobbyists giving lawmakers gifts is dead. "Benny, does the fact that the bill is dead give you any idea?" @thomtillis wrote. The speaker's office confirmed the 10:10 p.m. Tuesday tweet was legit. Tillis addressed the response to Benjamin Ray, an operative at the N.C. Democratic Party pushing Tillis on the issue and tying it to his office's controversial past with lobbyists and the fact the bill came from one of his committee chairman.

MOTIVE FOR JAMIE HAHN'S STABBING TURNS TO CAMPAIGN MONEY: As the Triangle mourned slain political strategist Jamie Hahn on Wednesday, attention turned to whether the man who police say stabbed her had made questionable campaign finance reports while working for Hahn’s firm. More on the story below.

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Price tops NC delegation with League of Conservation Voters

U.S. Rep. David Price, D-Chapel Hill, and former Democratic Rep. Brad Miller of Raleigh got high marks for their legislative efforts from the N.C. League of Conservation Voters.

Each year, for the past 40 years, the group has put out an Environmental Scorecard rating members of Congress on environmental, public health and energy issues.

Three North Carolina delegates — all Democrats — received a score of 90 percent or greater last year, while five — all Republicans – scored 10 percent or less.

Morning Memo: The private first lady, and inaugural party time begins

MUST READ: First Lady Ann McCrory shuns the public spotlight. From the story: Ann McCrory hasn’t fully embraced McCrory's political career. Nor has she opposed it. Now, after her husband’s three city council terms, seven terms as mayor and two tries at the governor’s office, she has moved into a late 19th century mansion at the center of government for a state of more than 9 million people. There, the demands on her time – and the questions about her own life and marriage – will immeasurably grow. However, those who know the new first lady say there are no guarantees that her public role will grow right along with them.

***Welcome to the Dome Morning Memo, a digest of the day's political news and other tidbits from the statehouse arena. Click below for more***

Congressman Brad Miller on his disappointments with Obama, D.C. gridlock

Raleigh Congressman Brad Miller, a Democrat, on his way out the door as a casaulty of the GOP redistricting, offered his thoughts about how bad the gridlock has become in a recent Slate piece.

Miller wrote: "When did I know that this current Congress would be rough? Election Night 2010. I thought in late November and December, in the lame duck after the 2010 election, I thought the Obama administration was wildly unrealistic about how it could get along with the new Congress. They’d been inside the Beltway bubble and had no idea how extreme the Tea Party folks were, and that part of the Tea Party ethic was: Never compromise. They felt betrayed by people like Bob Bennett, Dick Lugar, Lisa Murkowski, and even Orrin Hatch—though he’s changed that tendency—who compromise."

Read more about his disappointments with the Obama administration and his self-proclaimed Blue Dog status (despite his progressive reputation) here.

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