Elizabeth Warren sounds the alarm on GOP plot to "blow up the economy" to help Trump win in 2024
2 years, 1 month ago

Elizabeth Warren sounds the alarm on GOP plot to "blow up the economy" to help Trump win in 2024

Salon  

This article originally appeared at Common Dreams. Asked Sunday whether the Senate will to act on the debt ceiling during the lame-duck session, Majority Leader Chuck Schumer, D-N.Y., said it is "something that we will look at over the next few weeks." "There's great risk to even discussing not doing it," said Pelosi, pointing to the destructive 2011 standoff over the debt ceiling, which allowed Republicans to force spending cuts. Last month, dozens of congressional Democrats implored their party's leaders to "take legislative action that will permanently undo the threat posed by the debt limit"—a call that Social Security defenders echoed. "Now," Lawson added, "it's time for Democrats to keep that promise by raising or eliminating the debt ceiling in the final months of the year, so that Republicans can't use it as leverage to force cuts to Social Security and Medicare."

Security Social Trump Social Security Debt House Republicans Warren Yellen Congressional Democrats Ceiling  trump  warren  security  win  ceiling  sounds  republicans  help  gop  economy  raising  limit  debt  congressional  democrats  yellen  blow  social  elizabeth  plot

History of this topic

Higher Social Security payments coming for millions of people from bill that Biden signed
4 days, 11 hours ago

Higher Social Security payments coming for millions of people from bill that Biden signed

LA Times  

President Biden departs the East Room of the White House after signing the Social Security Fairness Act on Sunday. The bill rescinds two provisions — the Windfall Elimination Provision and the Government Pension Offset — that limit Social Security benefits for recipients if they get retirement payments from other sources, including public retirement programs from a state or local government. …

'Gift that keeps on giving': Dems celebrate Trump's latest 'nightmare' challenge
1 week, 3 days ago

'Gift that keeps on giving': Dems celebrate Trump's latest 'nightmare' challenge

Raw Story  

The recent spending battle in Congress found President-elect Donald Trump at odds with some of the Tea Party firebrands and budget hawks in his party. Trump urged lawmakers to "get rid of" the debt ceiling, which some of the Tea Party budget hawks adamantly oppose. In an article published Monday, Scholtes wrote, "GOP leaders are staring down two bad options …

Trump lashes out at extension of debt ceiling and points finger at Democrats and McCarthy over crisis: Live updates
1 week, 4 days ago

Trump lashes out at extension of debt ceiling and points finger at Democrats and McCarthy over crisis: Live updates

The Independent  

✕ Close Musk Vs MAGA War: Trump Camp In Bitter Fight Over Immigration, Foreign Worker Visas Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from …

Joe Biden signs bills to avert shutdown, ending days of political turmoil in Washington
2 weeks, 6 days ago

Joe Biden signs bills to avert shutdown, ending days of political turmoil in Washington

India Today  

President Joe Biden on Saturday signed legislation that averts a government shutdown heading into Christmas, bringing a final close to days of upheaval in Washington after Congress passed a bipartisan budget plan just past the deadline and rejected Donald Trump’s core demand in the negotiations. House Speaker Mike Johnson, R-La., had insisted lawmakers would “meet our obligations” and not allow …

Democrats dodge a debt ceiling deal
3 weeks, 1 day ago

Democrats dodge a debt ceiling deal

Politico  

“Let’s get rid of the debt limit. As much as Democrats would love to disarm this particular legislative time bomb, they’re not in any mood to negotiate with Republicans after Trump and billionaire ally Elon Musk sabotaged the prior deal to keep the government open and provide billions in disaster and farm relief. Rep. Brad Schneider, the incoming chair of …

'You guys suck': Irate MTG snatches Trump's Social Security promise and throws it on floor
3 weeks, 2 days ago

'You guys suck': Irate MTG snatches Trump's Social Security promise and throws it on floor

Raw Story  

Rep. Marjorie Taylor Greene literally threw President-elect Donald Trump's promise not to cut Social Security on the floor as she met with the House DOGE Caucus for the first time on Tuesday. As Greene was heading into a meeting with the caucus that will give recommendations to Trump's Department of Government Efficiency, she was confronted by advocate Alex Lawson, executive …

'Chomping at the bit': Analyst claims Republican just showed rush to slash Social Security
1 month ago

'Chomping at the bit': Analyst claims Republican just showed rush to slash Social Security

Raw Story  

Republicans are already revealing their eagerness to cut earned benefits for millions of Americans, if one House Republican is to be believed. In a recent interview with Fox Business host Maria Bartiromo, Rep. Richard McCormick said that he aims to convince his fellow lawmakers that "hard decisions" need to be made about Social Security, Medicare and Medicaid if his party …

Experts: Analysis shows Trump proposal would "dramatically worsen Social Security’s finances"
2 months, 2 weeks ago

Experts: Analysis shows Trump proposal would "dramatically worsen Social Security’s finances"

Salon  

Social Security funds could run out in the next six years if former President Donald Trump wins in November, according to a new report from the bipartisan group Committee for a Responsible Federal Budget. Trump’s policies would add over $2.3 trillion to Social Security’s deficit between 2026 and 2033 and — and cause a 33% cut to benefits in 2035, …

CNN turns fact-check against Kamala Harris' Project 2025 claims
2 months, 3 weeks ago

CNN turns fact-check against Kamala Harris' Project 2025 claims

Raw Story  

A CNN fact checker turned his attention to Kamala Harris Wednesday, shooting down frequent attacks the Democratic candidate has aimed at Project 2025. “Donald Trump will give billionaires and corporations massive tax cuts, cut Social Security and medicare and make it easier for companies to deny overtime pay for workers,” Harris said in a rally speech given in North Carolina …

Medicare and Social Security go-broke dates are pushed back in a ‘measure of good news’
8 months ago

Medicare and Social Security go-broke dates are pushed back in a ‘measure of good news’

Associated Press  

WASHINGTON — The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Meanwhile, Social Security’s trust funds — which cover old age and disability recipients — will be unable to pay full benefits beginning in 2035, …

Column: Social Security is again in the crosshairs of a GOP budget, even though a long-term fix would be simple
9 months, 2 weeks ago

Column: Social Security is again in the crosshairs of a GOP budget, even though a long-term fix would be simple

LA Times  

House Speaker Mike Johnson : His caucus makes no secret about what it intends to do with government services, and it’s not pretty. That brings us to the Republican Study Committee’s prescriptions for Social Security and the other major benefit programs, Medicare and Medicaid. The committee members grouse about how Social Security has expanded since it was originally signed into …

Social Security, Medicare, and 2024: House Republicans proposed wildly unpopular cuts to entitlement programs—and President Biden pounced.
55 years ago

Social Security, Medicare, and 2024: House Republicans proposed wildly unpopular cuts to entitlement programs—and President Biden pounced.

Slate  

Does Joe Biden have a little momentum? Recently, both Trump and Republican members of Congress have generously taken to making Biden’s case for him—grabbing the third rail of American politics with both hands by pledging to cut beloved entitlement programs like Social Security and Medicare. It calls for raising the eligibility age for Social Security, a major benefit cut; overhauling …

On Campaign Trail In Ohio, Trump Warns Of 'Bloodbath' If He Loses In November
9 months, 3 weeks ago

On Campaign Trail In Ohio, Trump Warns Of 'Bloodbath' If He Loses In November

Huff Post  

LOADING ERROR LOADING VANDALIA, Ohio — Former President Donald Trump claimed that he — not President Joe Biden — will protect Social Security and warned of a “bloodbath” if he loses in November as he campaigned for Senate candidate Bernie Moreno in Ohio. Trump, speaking on a wind-whipped airfield outside of Dayton Saturday, praised his chosen candidate in the race …

‘If I don’t get elected, it’s going to be a bloodbath’: Trump campaign downplays remarks
9 months, 3 weeks ago

‘If I don’t get elected, it’s going to be a bloodbath’: Trump campaign downplays remarks

LA Times  

Former President Trump warned of a “bloodbath” if he loses in November, and claimed that he — not President Biden — will protect Social Security, as he campaigned for Senate candidate Bernie Moreno in Ohio. Trump, speaking Saturday on a wind-whipped airfield outside Dayton, praised his chosen candidate in the Senate race as an “‘America first’ champion” and a “political …

Renowned economist predicts Trump will 'wreck' Social Security if he wins
9 months, 3 weeks ago

Renowned economist predicts Trump will 'wreck' Social Security if he wins

Raw Story  

During his 2016 campaign, Donald Trump vowed not to cut Social Security if he won the election. Krugman continued, "It clearly signaled Democrats' vision for the future — in particular, their belief that we can preserve the solvency of Social Security and Medicare by raising taxes on high incomes rather than by cutting benefits. President George W. Bush proposed privatizing …

'Social Security is on the ballot,' say advocates as Trump threatens cuts
9 months, 4 weeks ago

'Social Security is on the ballot,' say advocates as Trump threatens cuts

Raw Story  

With U.S. President Joe Biden's proposed 2025 budget released by the White House Monday just after former President Donald Trump issued his latest threat to slash Social Security and other safety net programs, economic justice groups said the choice between the two 2024 candidates could not be clearer. While Trump's answer was "largely gibberish," according to former National Economic Council …

Where the Republican presidential candidates stand on the economy
1 year ago

Where the Republican presidential candidates stand on the economy

NPR  

Where the Republican presidential candidates stand on the economy Enlarge this image toggle caption Jim Watson/AFP via Getty Images; Eduardo Munoz Alvarez-Pool/Getty Images; Jim Vondruska/Getty Images; Mandel Ngan/AFP via Getty Images; Jim Watson/AFP via Getty Images Jim Watson/AFP via Getty Images; Eduardo Munoz Alvarez-Pool/Getty Images; Jim Vondruska/Getty Images; Mandel Ngan/AFP via Getty Images; Jim Watson/AFP via Getty Images The classic …

Biden Signs Debt Ceiling Bill That Pulls US Back From Brink Of Default
1 year, 7 months ago

Biden Signs Debt Ceiling Bill That Pulls US Back From Brink Of Default

Huff Post  

LOADING ERROR LOADING The White House announced the signing, done in private at the White House, in an emailed statement in which Biden thanked congressional leaders for their partnership. President Joe Biden meets with House Speaker Kevin McCarthy of Calif., to discuss the debt limit in the Oval Office of the White House, Monday, May 22, 2023, in Washington. “We’re …

Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government
1 year, 7 months ago

Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government

Associated Press  

WASHINGTON — Even with the new spending restraints in the debt limit deal that cut borrowing by $1.5 trillion, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades. “This debt limit agreement is shaking out to be a political face-saving deal without much substance in terms of changing the U.S. …

‘It Rewards The Hostage-Taking’: Progressives Fume At Biden's Deal With GOP
1 year, 7 months ago

‘It Rewards The Hostage-Taking’: Progressives Fume At Biden's Deal With GOP

Huff Post  

LOADING ERROR LOADING WASHINGTON — Progressive lawmakers are seething at President Joe Biden’s deal with House Republicans for raising the debt ceiling, warning that it could normalize taking the nation’s economy hostage for years to come. The Republicans are demanding changes that they cannot get through the ordinary democratic process because they’re not supported by the American people.” “The minute …

Biden says final US debt ceiling deal ready for Congress vote
1 year, 7 months ago

Biden says final US debt ceiling deal ready for Congress vote

Al Jazeera  

US president and House Speaker Kevin McCarthy confident they will be able to get enough support to avert unprecedented default. United States President Joe Biden has finalised an agreement with House Speaker Kevin McCarthy to raise the debt ceiling over two years until January 1, 2025, saying the deal is ready to move to Congress for a vote. “Takes the …

Opinion: Don't call the debt-ceiling deal a success. It shouldn't have been a crisis at all
1 year, 7 months ago

Opinion: Don't call the debt-ceiling deal a success. It shouldn't have been a crisis at all

LA Times  

Hous Speaker Kevin McCarthy speaks with reporters about the debt-ceiling negotiations as he arrives at the Capitol on Friday. Here’s what would make this whole mess worth it: Adding a provision to repeal or neutralize the World War I-era law that created the debt limit in the first place. Biden, ever the tradition-bound deal-maker, said last October as Democrats talked …

'Things are looking good': President Biden hopeful on debt ceiling after Treasury warns of June 5 default
1 year, 7 months ago

'Things are looking good': President Biden hopeful on debt ceiling after Treasury warns of June 5 default

Firstpost  

Negotiators are discussing a deal that would lift the limit for two years, but remain at odds over whether to stiffen work requirements for some anti-poverty programs Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the US government’s $31.4 trillion debt ceiling after the Treasury Department warned that a …

Biden and McCarthy reach last-minute deal to raise U.S. debt limit
1 year, 7 months ago

Biden and McCarthy reach last-minute deal to raise U.S. debt limit

LA Times  

President Biden and House Speaker Kevin McCarthy reached what both men called an “agreement in principle” on Saturday to raise the federal government’s borrowing limit and cut some spending, as they sought to end a months-long stalemate that brought the government to the brink of defaulting on its credit for the first time. McCarthy said that he and Biden had …

Social Security Checks, Medicare Doctors’ Payments On The Chopping Block If Default Comes Early
1 year, 7 months ago

Social Security Checks, Medicare Doctors’ Payments On The Chopping Block If Default Comes Early

Huff Post  

Doris Askin, 84, of Mount Vernon, Virginia, and Barbara Steingaszner, 83, of Alexandria, Virginia, play bridge at a seniors' center in Alexandria in October 2022. via Associated Press On June 1, the federal government is set to pay an estimated $47 billion to doctors and other health care providers who see Medicare patients. “This ranges from 66 million Social Security …

Biden Signals Willingness To Accept Changes To Work Requirements For Debt Limit Deal
1 year, 7 months ago

Biden Signals Willingness To Accept Changes To Work Requirements For Debt Limit Deal

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Joe Biden on Wednesday signaled a willingness to accept changes to welfare work requirements to win Republican approval of a debt limit increase. He added, though, that he would reject “any work requirement that’s going to impact on medical health needs of people,” and said the changes could not be “anything of any consequence.” …

Job cuts, no Social Security checks: How consumers could be pinched by a US government default
1 year, 7 months ago

Job cuts, no Social Security checks: How consumers could be pinched by a US government default

Associated Press  

WASHINGTON — All the hand-wringing in Washington over raising the debt limit can seem far removed from the lives of everyday Americans, but they could end up facing huge consequences. The bill would also reclaim billions of unspent COVID-19 funding, eliminate clean energy tax credits Biden signed into law last year and reverse his student debt forgiveness and repayment plan. …

Biden warns ‘millions of jobs’ at risk if debt ceiling not raised
1 year, 7 months ago

Biden warns ‘millions of jobs’ at risk if debt ceiling not raised

Al Jazeera  

US president accuses Republicans of holding economy hostage by demanding spending cuts to raise debt limit. United States President Joe Biden has warned the economy could enter a recession and shed millions of jobs unless Republicans agree to raise the country’s $31.4 trillion debt ceiling before a fast-approaching deadline. In a campaign-style speech in a swing district in New York …

Biden Urges Republicans To End Debt Default Threat At Oval Office Meeting
1 year, 8 months ago

Biden Urges Republicans To End Debt Default Threat At Oval Office Meeting

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Joe Biden on Tuesday repeated his warning to Republicans not to hold the nation’s economy hostage to their budget-cutting demands, this time at a White House meeting about the looming deadline to increase the nation’s borrowing authority to avoid defaulting on the national debt. Biden met with House Speaker Kevin McCarthy, who on behalf …

Treasury’s Yellen says U.S. could hit debt ceiling as soon as June 1
1 year, 8 months ago

Treasury’s Yellen says U.S. could hit debt ceiling as soon as June 1

The Hindu  

Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. could default on its debt as early as June 1, if legislators do not raise or suspend the nation’s borrowing authority before then and avert what could potentially become a global financial crisis. CBO Director Phillip L. Swagel said because of less-than-expected tax receipts this filing season and a …

US Treasury says government may default on debt as early as June
1 year, 8 months ago

US Treasury says government may default on debt as early as June

Al Jazeera  

United States Treasury Secretary Janet Yellen has sent a letter to Republican House Speaker Kevin McCarthy warning him that the federal government could hit its spending limit by June 1 if Congress does not raise the debt ceiling. Though Yellen’s letter indicates the US could enter default as early as June 1, the treasury secretary also noted that it is …

The stark differences in Biden and McCarthy’s debt limit fight
1 year, 8 months ago

The stark differences in Biden and McCarthy’s debt limit fight

Associated Press  

WASHINGTON — They’re not quibbling about minor points. PLAYING CHICKEN McCarthy wants House Republicans to vote this week on a proposal that would shave an estimated $4.8 trillion off deficits, mostly through spending caps on “discretionary spending.” By having the House pass his plan, McCarthy hopes to goad Biden into negotiations. This is the simple summary of what McCarthy has …

Kevin McCarthy to Wall Street: GOP will hold economy hostage to cut aid programs
1 year, 8 months ago

Kevin McCarthy to Wall Street: GOP will hold economy hostage to cut aid programs

Salon  

This article originally appeared at Common Dreams. U.S. House Speaker Kevin McCarthy told the New York Stock Exchange on Monday that his caucus will not pass legislation to raise the debt ceiling unless it includes steep federal spending cuts and work requirements for key aid programs, a position that Democratic lawmakers slammed as dangerous and foolish hostage-taking. "Speaker McCarthy went …

Pence seeks ‘common sense’ Social Security, Medicare reform
1 year, 9 months ago

Pence seeks ‘common sense’ Social Security, Medicare reform

Associated Press  

As he mulls a 2024 presidential bid, former Vice President Mike Pence on Tuesday called for “common sense and compassionate solutions” to reform entitlement programs and the nation’s debt burden, suggesting changes to Social Security and Medicare programs hurtling toward insolvency, particularly for younger generations, without naming specific recommendations. “It’ll just take courage to do it, and that’s where your …

Biden, Yellen warn of ‘catastrophe’ if debt limit not raised
1 year, 10 months ago

Biden, Yellen warn of ‘catastrophe’ if debt limit not raised

Associated Press  

WASHINGTON — President Joe Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn’t reached to increase the federal debt ceiling. Even coming close to default would raise borrowing costs, making it harder to finance key projects in your communities.” The concern over the debt ceiling is the result of a political showdown …

Column: Who’s lying about the GOP’s plans to cut Social Security? The GOP, of course
1 year, 10 months ago

Column: Who’s lying about the GOP’s plans to cut Social Security? The GOP, of course

LA Times  

From left, GOP Sens. Rick Scott of Florida and Mike Lee of Utah jeer during the State of the Union address when President Biden accused Republicans of wanting to cut Social Security. Let’s examine the fiscal 2023 budget proposal issued by the Republican Study Committee, a key policy body, last June under the title “Blueprint to Save America.” This plan …

In GOP-held Florida, Biden vows no cuts to Social Security
1 year, 11 months ago

In GOP-held Florida, Biden vows no cuts to Social Security

Associated Press  

TAMPA, Florida — With an eye toward the 2024 campaign, President Joe Biden took direct aim at Republicans who have floated cuts to Social Security and Medicare — telling an audience in Florida on Thursday that he would create a “nightmare” for anyone who dreamed of trying them. Senate Minority Leader Mitch McConnell, R-Ky., told Louisville’s 840 WHAS on Thursday …

Watch: Biden addresses social security and medicare in Tampa
1 year, 11 months ago

Watch: Biden addresses social security and medicare in Tampa

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Biden warns of GOP plans for Medicare, Social Security cuts
1 year, 11 months ago

Biden warns of GOP plans for Medicare, Social Security cuts

Associated Press  

WASHINGTON — When President Joe Biden suggested that Republicans want to slash Medicare and Social Security, the GOP howls of protest during his State of the Union address showcased a striking apparent turnaround for the party that built a brand for years trying to do just that. The record ranges from President George W. Bush’s ideas about privatizing Social Security …

Biden promises to defend social programmes in Florida speech
1 year, 11 months ago

Biden promises to defend social programmes in Florida speech

Al Jazeera  

Biden has accused members of the Republican Party of threatening to cut programmes like Medicare and Social Security. “I signed the Inflation Reduction Act and took on the most powerful interest we’ve been fighting for years, pharma, to bring down healthcare costs so you can have a better night’s sleep.” The Tampa speech comes as Biden travels to key swing …

Republicans Are Angry at Joe Biden for Accurately Describing Plan to Sunset Social Security
1 year, 11 months ago

Republicans Are Angry at Joe Biden for Accurately Describing Plan to Sunset Social Security

Slate  

In early 2022, Florida Sen. Rick Scott, the chair of the Republican Senate campaign arm, released what he called an “11 Point Plan to Save America.” One year later, one specific dim element of that plan—a proposal that all laws, including Social Security and Medicare, would expire in five years unless reapproved—is still coming back to haunt Republicans. “I’m politely …

Biden doubles down on attacks over GOP’s ‘dream’ to cut Social Security and Medicare
1 year, 11 months ago

Biden doubles down on attacks over GOP’s ‘dream’ to cut Social Security and Medicare

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. When Mr Biden spoke in the House chamber …

Republicans Applaud Biden On Social Security During State Of The Union
1 year, 11 months ago

Republicans Applaud Biden On Social Security During State Of The Union

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Joe Biden engaged in something of a live negotiation with congressional Republicans during his State of the Union address on Tuesday night — and the two sides even seemed to agree. But for the past two weeks, House Speaker Kevin McCarthy has made definitive statements that Republicans “won’t touch” Social Security or Medicare as …

Republicans erupted at Biden’s SOTU remarks on Social Security and Medicare. But these lawmakers have proposed cuts
1 year, 11 months ago

Republicans erupted at Biden’s SOTU remarks on Social Security and Medicare. But these lawmakers have proposed cuts

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Instead of making the wealthy pay their fair share, some Republicans -- some Republicans …

CNN host smacks down Republican's claim that no one wants to cut Social Security
1 year, 11 months ago

CNN host smacks down Republican's claim that no one wants to cut Social Security

Raw Story  

Rep. Byron Donalds tried to claim that no Republicans wanted to cut Social Security during an appearance on CNN Wednesday, but he was quickly called out by host Kaitlan Collins. While discussing President Joe Biden's State of the Union speech, Donalds accused Biden of creating a "fallacy" that the GOP had plans to cut Social Security and Medicare. she said, …

Republicans ‘acting like jackasses’ because Biden nailed them on Social Security: Morning Joe
1 year, 11 months ago

Republicans ‘acting like jackasses’ because Biden nailed them on Social Security: Morning Joe

Raw Story  

MSNBC's Joe Scarborough called out Republicans for acting foolish when confronted by President Joe Biden for proposed cuts to Social Security and Medicare. The president urged Congress to protect the broadly popular social programs, saying "some Republicans want Medicare and Social Security to sunset," which prompted literal howls from Rep. Marjorie Taylor Greene and a handful of GOP lawmakers, but …

Biden's State Of The Union Speech Shows This Isn't Your Father's Democratic Party
1 year, 11 months ago

Biden's State Of The Union Speech Shows This Isn't Your Father's Democratic Party

Huff Post  

LOADING ERROR LOADING President Joe Biden, when describing the wacky and extreme element of the modern GOP, has long leaned on a simple phrase: “This isn’t your father’s Republican Party.” His State of the Union address, delivered Tuesday night, had a slightly different message, this time about his side of the aisle: “This isn’t your father’s Democratic Party. It’s your …

Editorial: If Kevin McCarthy is serious about protecting the economy, he’d raise the debt ceiling
1 year, 11 months ago

Editorial: If Kevin McCarthy is serious about protecting the economy, he’d raise the debt ceiling

LA Times  

After he was elected speaker on the 15th ballot, Kevin McCarthy promised that the U.S. House under Republican leadership would protect the national economy, saying that the party was committed to “stop wasteful Washington spending, to lower the price of groceries, gas, cars, housing, and stop the rising national debt.” But there is more to sound economic stewardship than controlling …

Treasury takes another ‘extraordinary’ step on debt limit
1 year, 11 months ago

Treasury takes another ‘extraordinary’ step on debt limit

Associated Press  

WASHINGTON — U.S. Treasury Secretary Janet Yellen sent a letter Tuesday to congressional leaders saying she’s suspending the reinvestment of some federal bonds in a government workers’ savings plan — an additional “extraordinary” measure to buy time for President Joe Biden and Congress to raise the nation’s debt limit. She noted that her predecessors have taken a similar action in …

'Need to stop Biden's excess spending': Trump warns Republicans to avoid cuts to medicare, social security
1 year, 11 months ago

'Need to stop Biden's excess spending': Trump warns Republicans to avoid cuts to medicare, social security

India Today  

Former US President Donald Trump, who launched his 2024 presidential re-election bid in November, on Friday urged Republicans in Congress not to cut “a single penny” from medicare or social security. He warned his fellow Republicans not to "destroy" federal retirement and health benefits as they try to exact spending cuts from President Joe Biden and his Democratic allies in …

Discover Related