Republicans Don’t Really Want to Cut Spending

Shortly after House Speaker Kevin McCarthy introduced that he had struck a handle President Joe Biden to lift the debt ceiling, Republican leaders started circulating a truth sheet to their individuals record the victories McCarthy had secured. The first bullet level captured what used to be supposedly the entire level of the negotiations for the … Read more

Crucial days forward as debt ceiling deal is going to vote and Biden calls lawmakers for toughen – Times of India

WASHINGTON: President Joe Biden says he “feels good” concerning the debt ceiling and price range deal negotiated with House Speaker Kevin McCarthy because the white area and congressional leaders paintings to make sure its passage this week in time to raise the country’s borrowing prohibit and save you a disastrous US default.Biden spent a part … Read more

This Debt Crisis Is Not Like 2011’s. It’s Worse.

On its floor, the unfolding debt-ceiling disaster seems to be so much just like the 2011 war of words between congressional Republicans and then-President Barack Obama. Once once more, a brand new GOP majority within the House is the use of the specter of a countrywide default as leverage to pressure a first-term Democratic president … Read more

Why Biden Caved

The White House and Congress have no longer made a lot development of their talks to avert an unparalleled, and doubtlessly calamitous, nationwide default that might happen once early June. But at the maximum basic level of competition, President Joe Biden has already caved: He’s negotiating with Republicans over the debt ceiling. For months, the … Read more

The Case for Debt-Ceiling Optimism

As the federal government careens towards the threshold of default with no deal to boost the debt prohibit, an not likely supply of reassurance has emerged. “I think everyone needs to relax,” Mitch McConnell advised newshounds on Tuesday in his house state of Kentucky. “The country will not default.” The longtime Republican chief, who as … Read more

Debt ceiling talks grind on, however Republicans say there is a ‘loss of urgency’ from White House – Times of India

WASHINGTON: Debt ceiling negotiators for President Joe Biden and House Speaker Kevin McCarthy holed up for extra talks on the Capitol Tuesday, however Republicans warned of a “lack of urgency” on the White House to unravel the funds standoff in time to avert a doubtlessly chaotic federal default.With slightly per week to move ahead of … Read more

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