House Speaker Kevin McCarthy (R-Calif.) delivers an address on the debt ceiling at 5:30 p.m. ET on Feb. 6. The Epoch Times will livestream the event. …
Speaker McCarthy Discusses the Debt Ceiling
House Speaker Kevin McCarthy (R-Calif.) delivers an address on the debt ceiling at 5:30 p.m. ET on Feb. 6. The Epoch Times will livestream the event. …
The Debt Ceiling and Why It Matters
President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) met on Feb. 1 to talk about raising the U.S. debt ceiling. Many Americans, however, may not have a whole grasp on what that is, though oddly so many have an opinion on what should be done about it. A recent poll conducted by RMG Research,…
Biden Suggests Progress Being Made With McCarthy in Debt Ceiling Talks
President Joe Biden hinted at progress in talks with House Speaker Kevin McCarthy (R-Calif.) on raising the nation’s debt limit. “Let’s just sort of, kind of, join hands again a little bit. Let’s start treating each other with respect,” Biden said at the National Prayer Breakfast in Washington on Feb. 2. “That’s what Kevin and…
Treasury Unable to Prioritize Bill Payment If Debt Ceiling Reached, Say Former Officials
February 2, 2023
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debt ceilingeconomyPoliticsRep. David Schweikert (R-Ariz.)ASecretary of the Treasury Janet YellenUSUS News
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Former U.S. Treasury officials have said there is no way to prioritize which bills would get paid first in the event that the United States reached its statutory debt ceiling. Rep. David Schweikert (R-Ariz.) asked U.S. Treasury Secretary Janet Yellen whether the Treasury now has the capability to prioritize bill payments if the government can…
Lifting the Debt Ceiling Is Not a Social Policy
Commentary Every time the United States reaches its debt limit, we read that it’s important to reach an agreement to lift it. The narrative is that the debt ceiling must be raised, or the U.S. economy will suffer a severe contraction. There’s even an episode of a TV series, “Designated Survivor,” where the character played…
Schumer and Other Democrats Senators Discuss the Debt Ceiling
U.S. Senate Majority Leader Chuck Schumer (D-NY) and Senator Sheldon Whitehouse (D-RI), Chris Van Hollen (D-MD), and Catherine Cortez Masto (D-NV) hold a media availability on the debt ceiling at 11:00 a.m. ET on Feb. 2. The Epoch Times will livestream the event. …
McCarthy Hopeful of Eventual Compromise After Meeting Biden About Debt Ceiling
House Speaker Kevin McCarthy met with President Joe Biden at the White House on Feb. 1 to discuss the debt ceiling and spending cuts, a meeting that left McCarthy hopeful of finding common ground. “I thought it was a very good discussion. We walked out saying we will continue that discussion. And I think there…
Government Spending Threatens Americans’ High Standard of Living
February 1, 2023
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big governmentdebt ceilinggovernment spendinginflationOpinionstandard of livingU.S. economyViewpointswelfare state
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Commentary The average American home is almost 2,200 square feet. An average home in the United Kingdom is a minuscule 818 square feet, in Finland 880 square feet, and in Germany under 1,200 square feet. Cramped. Americans have bigger houses and a higher material standard of living—more appliances, clothing, and cars—largely because they can keep…
Biden Admin Plans to Borrow Another $1.2 Trillion Amid Debt Ceiling Standoff
January 31, 2023
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Business & Marketsdebt ceilingeconomic policieseconomyExecutive BranchPolicies & ImpactsPoliticsUSUS economy
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The U.S. Department of the Treasury said on Monday that it expects to borrow $1.2 trillion over the first half of the year, broken down by $932 billion in the first quarter and $278 billion in the second quarter, the agency said. In the last three months of 2022, the Treasury borrowed $373 billion and ended the…
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