Articles for Debt Republicans

Dozens of House Republicans voting to defy Trump shows 'the limits of his power': report
3 weeks, 4 days ago

Dozens of House Republicans voting to defy Trump shows 'the limits of his power': report

Raw Story  

President-elect Donald Trump has already had to expend some of his political capital on pushing a government funding bill across the finish line — a month before his own inauguration. In a Saturday article, Politico's Lisa Kashinsky and Holly Otterbein observed that the president-elect was unable to unify his party around the most recent bill to keep the federal government …

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These 13 vulnerable Republicans are being targeted in 2024 with one simple message
1 year, 6 months ago

These 13 vulnerable Republicans are being targeted in 2024 with one simple message

Raw Story  

WASHINGTON — Supporters of student loan debt cancellation are organizing to hold GOP lawmakers “accountable” in the 2024 election cycle following the U.S. Supreme Court ruling blocking President Joe Biden’s debt relief plan. The left-leaning Protect Borrowers Action will target 13 U.S. House districts across California, Colorado, Michigan, Nebraska, New York, Oregon and Pennsylvania where Republicans opposed Biden’s plan to …

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Biden set to sign debt ceiling bill that averts prospect of unprecedented federal default
1 year, 7 months ago

Biden set to sign debt ceiling bill that averts prospect of unprecedented federal default

The Hindu  

President Joe Biden is expected to sign legislation on Saturday to raise the debt ceiling, dodging Monday's deadline when the Treasury warned that the United States would start running short of cash to pay all its bills. The agreement was hashed out by Mr. Biden and House Speaker Kevin McCarthy, giving Republicans some of their demanded federal spending cuts but …

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U.S. Congress approves debt-limit suspension, averting default
1 year, 7 months ago

U.S. Congress approves debt-limit suspension, averting default

The Hindu  

The U.S. Senate on June 1 passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default. "We are avoiding default tonight," Senate Majority Leader Chuck Schumer said on June 1 as he steered the legislation through his 100-member chamber. ‘Time is a Luxury’ Republicans had blocked …

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Debt limit fight: Trump tells GOP 'do a default' if needed, but talks with Biden in full swing
1 year, 8 months ago

Debt limit fight: Trump tells GOP 'do a default' if needed, but talks with Biden in full swing

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. “I say to the Republicans out there — congressmen, senators — if they don’t …

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Column: With just weeks left to strike a deal, it’s time to worry about the debt ceiling
1 year, 8 months ago

Column: With just weeks left to strike a deal, it’s time to worry about the debt ceiling

LA Times  

President Biden and House Speaker Kevin McCarthy chat after a St. Patrick’s Day gathering at the Capitol. President Biden wants Congress to lift the debt ceiling without significant conditions, just as it did three times when President Trump was in the White House. Last month, House Republicans agreed on an opening bid: They offered to lift the debt ceiling for …

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White House predicts economic fallout if US fails to make debt payments
1 year, 8 months ago

White House predicts economic fallout if US fails to make debt payments

Firstpost  

The White House issued a dire warning on Wednesday, predicting a future of falling equities and rising unemployment should the United States fail to make its debt payments. The US government’s failure to pay its financial obligations might result in eight million job losses this summer and a six per cent decline in GDP, according to the President’s Council of …

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Biden’s student loan help would be ‘annihilated’ by GOP bill
1 year, 8 months ago

Biden’s student loan help would be ‘annihilated’ by GOP bill

Associated Press  

WASHINGTON — President Joe Biden’s student loan agenda would be all but obliterated by the U.S. debt legislation passed by House Republicans, dooming his mass cancellation s, scrapping a more generous loan repayment option and permanently barring future regulation around student debt. The GOP bill would cancel both of Biden’s marquee student debt proposals: a one-time cancellation of up to …

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How House Republicans plan to crush your 401(k)
1 year, 10 months ago

How House Republicans plan to crush your 401(k)

Raw Story  

The most powerful Republican wants to put millions out of work. Verily I say unto you A new Moody's report says failing to raise the debt limit by some time in June would immediately send the economy into a recession. "The damage could spiral to seven million jobs lost and a 2008-style financial crisis in the event of a prolonged …

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Critics rip "MAGA extremists" over plan to hike Social Security retirement age to 70
1 year, 11 months ago

Critics rip "MAGA extremists" over plan to hike Social Security retirement age to 70

Salon  

This article originally appeared at Common Dreams. The Washington Post reported Tuesday that "in recent days, a group of GOP lawmakers has called for the creation of special panels that might recommend changes to Social Security and Medicare" while other Republicans "have resurfaced more detailed plans to cut costs, including by raising the Social Security retirement age to 70"—a change …

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Joe Manchin Says White House Should Negotiate With GOP On Debt Ceiling
1 year, 11 months ago

Joe Manchin Says White House Should Negotiate With GOP On Debt Ceiling

Huff Post  

LOADING ERROR LOADING Sen. Joe Manchin on Sunday said it’s wrong for Democrats to refuse to negotiate with Republicans over raising the debt ceiling. Manchin said using the debt ceiling hostage “hasn’t worked in the past,” but did not directly answer when asked which party is doing so now. “That is what the debt limit is about.” White House press …

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Countdown in the offing for political fight over debt
1 year, 11 months ago

Countdown in the offing for political fight over debt

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. Asked twice Wednesday if there was evidence that House Republicans can ensure that the …

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Yellen tells Congress US expected to hit debt limit Thursday
2 years ago

Yellen tells Congress US expected to hit debt limit Thursday

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. “We’ve got to change the way we are spending money.” McCarthy has floated the kind of budget-cap deal that was engineered in the last go around on the …

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Biden White House pulls a "this you" tweet on Marjorie Taylor Greene's past PPP loan
2 years, 4 months ago

Biden White House pulls a "this you" tweet on Marjorie Taylor Greene's past PPP loan

Salon  

Republicans who have spent the past 24 hours freaking out over President Joe Biden's announcement of a limited college debt jubilee for some Americans are now being met with receipts of their own hypocrisy. The official White House Twitter account is calling out specific Republican congressmen who saw Paycheck Protection Program loans during the height of the COVID pandemic completely …

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Joe Manchin Isn't Budging On Filibuster, Even As The Country Teeters Toward Default
3 years, 3 months ago

Joe Manchin Isn't Budging On Filibuster, Even As The Country Teeters Toward Default

Huff Post  

LOADING ERROR LOADING Not even the threat of impending economic collapse is enough for Sen. Joe Manchin to change his opposition to weakening the filibuster. Republicans have been using the filibuster, which puts a 60-vote threshold on passing most legislation, to block any increase to the debt ceiling, even as the country teeters toward default. Senate Minority Leader Mitch McConnell …

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'Reckless and dangerous': Biden calls out Republicans in US debt limit dispute
3 years, 3 months ago

'Reckless and dangerous': Biden calls out Republicans in US debt limit dispute

Firstpost  

In his White House speech, the US president warned that the obstruction to his multi-trillion-dollar domestic spending agenda could push “our economy over a cliff”. President Joe Biden went on the offensive Monday with a speech attacking Republicans over the looming threat of US debt default, while pressuring the Democratic Party to enact his stalled multi-trillion-dollar domestic spending agenda. While …

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Republicans’ Debt Ceiling Brinkmanship Is Self-Incriminating
55 years ago

Republicans’ Debt Ceiling Brinkmanship Is Self-Incriminating

Slate  

The federal government is about to breach its legal borrowing limit. John Thune, the GOP’s second-ranking senator, pledged that not a “single Republican” would vote to raise the limit. “There is no calamity that’s going to happen,” Toomey assured viewers, because “after Republicans vote no,” Democrats would “pass the debt ceiling all by themselves.” Republicans think that by voting against …

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The remarkable argument forming in Senate GOP circles
3 years, 6 months ago

The remarkable argument forming in Senate GOP circles

CNN  

CNN — There’s a remarkable argument forming in Senate Republican circles as the details of a bipartisan infrastructure plan continue to be hammered out: We have to make sure we pay for it all. Here’s a crash course reminder for Thune – via Pro Publica: “The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s …

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