September 24, 2023

Wrinkles and curveballs in the debt ceiling bill

Speaker Kevin McCarthy hailed the elimination of the student loan pause as a “victory.” | J. Scott Applewhite/AP Photo The newly released legislative text enshrining the debt-limit compromise largely matches the deal that the White House and Speaker Kevin McCarthy had announced a day earlier: a proposal that would lift the $31.4 trillion ceiling through

Now comes the hard part: Getting the debt ceiling deal through Congress

Now comes the hard part.  If you thought it was hard for President Biden and House Speaker Kevin McCarthy, R-Calif., to marshal a debt ceiling deal, wait to see if it’s even more challenging to advance the bill through Congress. Both the president and speaker will test their powers of persuasion to line up the […]

Lawmakers react to debt ceiling deal reached between House GOP and Biden

Washington leaders responded on Sunday to the bipartisan Fiscal Responsibility Act, a deal reached between House Speaker Kevin McCarthy, R-Calif., and President Biden to evade defaulting on the country’s financial obligations. Both McCarthy and Biden held their posture as long as they could with a looming deadline of June 5, and on Sunday, reached a […]

Here are the 6 must-know provisions of the new debt ceiling deal

House Speaker Kevin McCarthy (R-Calif.) speaks alongside Rep. Garret Graves (R-La.) to announce that he had reached a deal with President Biden to raise the debt ceiling at the U.S. Capitol on May 27, 2src23. | Francis Chung/POLITICO The debt ceiling deal that President Joe Biden and House Speaker Kevin McCarthy struck late Saturday is

Fox News Poll: Majority says only increase debt ceiling with spending cuts

With under two weeks until a potential default on the nation’s debt, a majority of registered voters says increasing the debt ceiling should only happen with spending cuts, and two-thirds believe that failing to raise that limit will result in financial catastrophe. That’s a complete reversal from 12 years ago during the last debt ceiling crisis. […]

McCarthy accuses Biden of ignoring GOP over debt ceiling negotiations as talks stall: ‘Rests upon his feet’

Speaker of the House Kevin McCarthy demanded President Biden return to the negotiating table for debt ceiling negotiations, as talks remain stalled over key spending cuts and a potential increase to the ceiling overall.  McCarthy accused the president of stifling a deal during “Sunday Morning Futures,” after Biden dismissed the Republican spending proposal as “wacko” […]

Biden, Don’t Celebrate Debt Ceiling Deal. Instead, Take It to Court

President Biden has taken a victory lap, praising the debt ceiling deal that helped avert the wholly manufactured crisis of a potential default. But this is no moment to celebrate. Instead, this is a moment to sue. Biden rightfully acknowledged the debt ceiling is likely unconstitutional in the lead-up to this deal. And he was

EXCLUSIVE: Rep. Clyde Slams House Leadership For Threatening To Pull His Second Amendment Bill Over Debt Ceiling Vote

Republican Georgia Rep. Andrew Clyde slammed House GOP leadership after he said they threatened to block his bill that focuses on pistol braces from coming to the floor if he votes “no” on the debt ceiling rule. Clyde went after House leadership in an exclusive statement to the Daily Caller, accusing them of holding Americans’

‘The Stakes Could Not Have Been Higher’: Biden Celebrates Bipartisan Passage Of Debt Ceiling Raise

President Joe Biden delivered remarks Friday night in celebration of the bipartisan passage of a bill raising the debt ceiling, saying “the stakes could not have been higher.” The president and House Speaker Kevin McCarthy were deliberating a bipartisan solution to raising the debt ceiling for weeks before potential default on June 5, with the

Senate Sends Debt Ceiling Package To Biden’s Desk With Default Days Away

June 01, 2023 11:01 PM ET The Senate passed the Fiscal Responsibility Act Thursday night, sending the debt ceiling hike to President Joe Biden’s desk. Seventeen Republicans joined 46 Democrats to suspend the debt ceiling into January 2025, allowing the federal government to avoid a default on its debt less than one week before a

Mace: McCarthy Debt Ceiling Deal ‘Not a Win for the American People’

Representative Nancy Mace (R-SC) said Wednesday on CNN’s “The Lead” that the debt limit bill House Speaker Kevin McCarthy (R-CA) negotiated with the Biden administration was “not a win for the American people.” Mace said, “I’ll be voting no tonight because my vote is with the American people.” She continued, “This is not a win

Inside House Democrats’ fight over debt ceiling messaging

In the party’s weekly leadership meeting earlier this week, Hakeem Jeffries suggested that since the White House felt it could not go on offense against Kevin McCarthy, House Democrats would. | Francis Chung/POLITICO In a closed-door Democratic whip meeting on Thursday, Rep. Jahana Hayes challenged her party’s leadership team on the caucus’ debt ceiling messaging

White House believes massive Dem bailout may be needed to pass debt ceiling compromise

Rank-and-file Democrats acknowledge that they will be under enormous political pressure to support any debt-ceiling deal backed by President Joe Biden, lest they leave the economy and the president of their own party out to dry. | Patrick Semansky/AP Photo White House aides privately estimate they may need to deliver as many as 1srcsrc Democratic

Clyburn: Biden Has ‘Authority To Use’ 14th Amendment to End Debt Ceiling Stalemate

Representative James Clyburn (D-SC) said Tuesday on MSNBC’s “José Díaz-Balart Reports” that President Joe Biden can invoke the 14th Amendment to end the debt ceiling stalemate if necessary. Clyburn said, “I don’t know how long it’s going to take. I think that we all recognize that Janet Yellen made it very clear to us that

Debt ceiling talks break down and attacks escalate as deadline approaches

With the deadline for a potential default less than two weeks away, House Speaker Kevin McCarthy said talks would likely not resume until President Joe Biden returned from Asia late Sunday night. | Francis Chung/POLITICO Debt ceiling negotiations deteriorated after Republican negotiators rejected a White House offer to limit spending on both defense and a

Sen. Cruz: Biden ‘Willing to Tank the Economy’ with Debt Ceiling Stalemate

Senator Ted Cruz (R-TX) said on this week’s broadcast of “Fox News Sunday” that President Joe Biden was “willing to tank the economy” over the debt ceiling debate. Cruz said, “It is really unfortunate to see how Joe Biden is approaching this job. It is all politics all the time and he consistency goes to

What you need to know about the 14th Amendment and the debt ceiling

President Joe Biden speaks about the debt limit talks in the Roosevelt Room of the White House, May 17, 2src23, in Washington. | Evan Vucci/AP Photo Democratic lawmakers are pushing President Joe Biden to invoke his constitutional authority under the 14th Amendment to raise the nation’s debt limit without an act of Congress. Biden has

What Debt Ceiling? Biden Set to Send Another $375 Million in Weapons to Ukraine

U.S. President Joe Biden is reportedly set to announce another $375 million in weapons aid for Ukraine. The United States is to hand over another $375 million in so-called “military aid” to Ukraine, officials in both the Biden and Zelensky administrations have claimed. President Joe Biden is set to announce the new injection of guns

Biden appoints 2 additional top aides to try and get to the finish line on debt ceiling talks

President Joe Biden speaks during a meeting with congressional leaders in the Oval Office on Tuesday, with from left, House Speaker Kevin McCarthy, Vice President Kamala Harris and Senate Majority Leader Chuck Schumer. | Evan Vucci/AP Photo President Joe Biden is deploying two of his top advisers to negotiate a debt deal with Capitol Hill

GOP Rep. Roy: We Should ‘Jam’ Border Bill Through Using Budget or Debt Ceiling

On Thursday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Rep. Chip Roy (R-TX) argued that House Republicans should force through the border bill just passed by the House using either the budget or the debt ceiling increase. Roy said, “We are getting absolutely inundated and this administration doesn’t seem to care, and they’re trying

Breitbart News Daily Podcast Ep. 327: Biden Campaign Off to Rocky Start; Guest Stephen Moore on Debt Ceiling Crisis

Host Alex Marlow opens with the news that Joe Biden’s 2src24 campaign is not in a good spot. He’s get trounced in the polls, and things very well could get worse. The border surge is going to intensify, more Americans are feeling strained economically, and Biden is in a precarious spot with regards to the

Biden won’t move on debt ceiling terms even as he seeks to restart talks

Joe Biden has now invited the top four congressional leaders to a meeting on May 9, setting the stage for his first substantial talks with Republicans on the issue since Feb. 1. | Patrick Semansky/AP Photo The debt ceiling crisis has arrived on President Joe Biden’s doorstep — and left his administration with far less

Scott Perry: ‘Heads Need to Roll’ over Biden Administration Lying about GOP Using Debt Ceiling to Cut Veterans’ Care

AP Photo/Patrick Semansky Rep. Scott Perry (R-FL) said during a press conference call Sunday that “heads need to roll” over the Biden administration’s lie that the Republican debt ceiling plan would cut veterans’ care. House Republican Conference Chair Elise Stefanik (R-NY) hosted a conference call with Republican veteran lawmakers as Veterans Affairs Secretary Denis McDonough

House Democrats Want Biden to Negotiate Debt Ceiling with McCarthy After GOP-Led Bill Passed House

Two House Democrats are urging President Joe Biden to negotiate with Speaker Kevin McCarthy (R-CA) on the debt ceiling following the passage of the House GOP-led bill to raise the cap this past week. Rep. Jared Golden (D-ME), who represents a swing Maine district, and Rep. Jared Moskowitz (D-FL), a first-term congressman who won with under 52

Biden, House GOP refuse to budge as key debt ceiling deadline looms

The White House is already working behind the scenes to work around Speaker Kevin McCarthy. | Kevin Dietsch/Getty Images The Biden administration and House Republicans are heading toward an initial Thursday debt ceiling deadline without even a hint of an endgame, ensuring a months-long standoff that’s poised to rattle financial markets amid worries about a

Trump to GOP: Don’t touch Medicare or Social Security in debt ceiling fight

In issuing his statement now, the former president places his fellow Republicans in a political corner. | Joe Raedle/Getty Images Former President Donald Trump issued a warning to Republican lawmakers on Friday: Don’t lay a finger on entitlement programs as part of the debt ceiling showdown with the White House. “Under no circumstances should Republicans

Manchin: It’s a mistake to ‘not negotiate’ with Republicans on debt ceiling

Sen. Joe Manchin on Sunday said it’s a “mistake” that the Biden administration won’t negotiate with Republicans on the debt ceiling limit. “This is a — this is a democracy that we have. We have a two-party system,” Manchin (D-W.Va.) said, speaking on CNN’s “State of the Union.” “And we should be able to talk

McCarthy optimistic about agreement with Biden on debt ceiling

House Speaker Kevin McCarthy speaks with reporters as he departs the U.S. Capitol. | Francis Chung/POLITICO House Speaker Kevin McCarthy said Sunday he thinks President Joe Biden will come to an agreement with him regarding the debt ceiling, despite the Biden administration’s previous assertions that they wouldn’t negotiate with House Republicans on the issue. “His

Schumer plots debt ceiling course against McCarthy: ‘We’ll win’

Senate Majority Leader Chuck Schumer is directing heat at the new House GOP majority on the daily. | Francis Chung/POLITICO Chuck Schumer, as he’s known to do, is talking a lot these days. And it’s all aimed at Kevin McCarthy. The Senate majority leader is directing heat at the new House GOP majority on the

Biden and McCarthy hold ‘first good’ meeting on debt ceiling, but ‘no agreements, no promises’

In a statement, the White House called the meeting a “frank and straightforward dialogue” that represented the first of many conversations. “President Biden made clear that, as every other leader in both parties in Congress has affirmed, it is their shared duty not to allow an unprecedented and economically catastrophic default,” the White House said.

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