Category: debt ceiling

Capitol Report: 40 Migrants Dead in Fire at Border Detention Facility; Federal Reserve Opens Investigation Into SVB

March 28, 2023
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At least 40 people were killed in a fire at an immigration detention center near the southern border in Mexico, shedding light once again on the human toll of illegal immigration. Bodycam footage shows police responding to the Nashville school shooting. What do we now know about the shooter’s prior planning, and what does President…

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McCarthy Sees ‘Dire Ramifications’ for US If Biden Won’t Negotiate on Debt Ceiling

March 28, 2023
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Speaker of the House Kevin McCarthy (R-Calif.) warned in a March 28 letter that there could be “dire ramifications” for “the entire nation” if President Joe Biden refuses to negotiate with Republicans on the debt ceiling. Biden has taken a hard line on the debt ceiling since Republicans took the House, suggesting that he will…

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LIVE NOW: Rep. Biggs and Other GOP Lawmakers Propose Solutions to Address Debt Ceiling

March 28, 2023
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U.S. House Reps. Andy Biggs (R-Ariz.), Matt Rosendale (R-Mont.), Eli Crane (R-Ariz.), Lauren Boebert (R-Colo.), Bob Good (R-Va.), Matt Gaetz (R-Fla.), Ralph Norman (R-S.C.) and other GOP legislators propose more solutions to avoid raising the debt ceiling in the future, at 10 a.m. ET on March 28. …

Rep. Biggs and Other GOP Lawmakers Propose Solutions to Address Debt Ceiling

March 28, 2023
congressdebt ceilingeconomyEpochTVEpochTV LiveGOP lawmakersLive VideosPoliticsPropose SolutionsRepublicansUSUS NewsVideo
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U.S. House Reps. Andy Biggs (R-Ariz.), Matt Rosendale (R-Mont.), Eli Crane (R-Ariz.), Lauren Boebert (R-Colo.), Bob Good (R-Va.), Matt Gaetz (R-Fla.), Ralph Norman (R-S.C.) and other GOP legislators propose more solutions to avoid raising the debt ceiling in the future, at 10 a.m. ET on March 28. …

Economists Expect US Recession, Inflation Above Fed Target This Year

March 27, 2023
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Economists predict that the United States will likely enter a recession by the end of this year, with high inflation extending well into 2024, according to a recent semiannual survey. The March 2023 National Association for Business Economics (NABE) Economic Policy Survey published the responses of 217 members of the organization in a March 27 report….

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Senate Republicans Take Aim at Biden’s ‘Bloated’ Budget

March 22, 2023
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Senate Republicans tore into President Joe Biden’s 2024 budget plan on March 22, holding that the administration has been “radical and reckless” in its spending. “The one thing I think Republicans agree on is the president’s budget spends too much, taxes too much, borrows too much, and underfunds our most important priority, which is national…

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‘Woke, Weaponized, Wasteful’ Spending Is Main Target of House GOP as Budget Battle Heats Up

March 22, 2023
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House Republican Conference Chairman Elise Stefanik (R-N.Y.) didn’t hesitate a second when asked during the GOP congressional retreat in Orlando March 20 by Punchbowl co-founder Jake Sherman how she and her colleagues “can balance the budget without touching entitlements and mandatory spending” in 2023. “I believe that when we focus on Social Security and Medicare,…

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House Ways and Means Committee Debates Bill to Prevent Default Over Debt Limit

March 9, 2023
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The House Ways and Means Committee held a markup on March 8 of a bill that would ensure the principal and interest of the U.S. national debt is paid. The Default Prevention Act comes as the United States is on the brink of defaulting on its obligations. Treasury Secretary Janet Yellen has warned that the…

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Bipartisan Lawmakers Target ‘Wasteful’ Government Spending Amid Debt Limit Stalemate

March 7, 2023
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As members of Congress continue their deliberations over the national debt crisis, a bipartisan group of lawmakers are renewing their efforts to cut down on “wasteful” government spending. Legislation passed by the Senate in December aims to address the problem by requiring federal agencies to provide Congress with a list of programs for potential consolidation…

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McCarthy Took Social Security Cuts ‘Off the Table’ in Debt Ceiling Talks, but It’s Still ‘Third Rail’ in US Politics

February 21, 2023
congressdebt ceilingeconomyPolicies & ImpactsPoliticspresident joe bidenSocial SecuritySpeaker of the House Kevin McCarthyThird Rail of American PoliticsUSUS News
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Republicans erupted in loud and sustained protests when President Joe Biden claimed during his Feb. 7 State of the Union (SOTU) address that they planned to cut Medicare and Social Security benefits for the elderly. “Some of my Republican friends want to take the economy hostage unless I agree to their economic plans. All of…

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