Representative James Clyburn (D-SC) said Tuesday on MSNBCâs âJosĂ© DĂaz-Balart Reportsâ that President Joe Biden can invoke the 14th Amendment to end the debt ceiling stalemate if necessary. Clyburn said, âI donât know how long itâs going to take. I think that we all recognize that Janet Yellen made it very clear to us that
McCarthy: A debt deal could still pass by June 1
May 22, 2023 by
Speaker Kevin McCarthy said Monday he remains confident that Congress could still beat a possible June 1 default deadline despite the weekend stall in talks with the White House. While McCarthy said he wouldâve preferred a deal by Sunday night, he declared the U.S. could still avoid an economically destructive debt default by June 1
Debt ceiling talks break down and attacks escalate as deadline approaches
May 21, 2023 by
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
May 21, 2023 by
Senator Ted Cruz (R-TX) said on this weekâs broadcast of âFox News Sundayâ that President Joe Biden was âwilling to tank the economyâ over the debt ceiling debate. Cruz said, âIt is really unfortunate to see how Joe Biden is approaching this job. It is all politics all the time and he consistency goes to
Negotiators resume weekend debt talks as clock ticks
May 20, 2023 by
âThe White House refuses to acknowledge that we have a spending problem,” said Rep. Dusty Johnson, a chair of the Republican Main Street Partnership. | Alex Brandon/AP Photo House GOP leaders and the White House resumed talks on a default-averting debt deal Friday evening, hours after Republicans had publicly announced a pause in those talks.
What you need to know about the 14th Amendment and the debt ceiling
May 20, 2023 by
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 nationâs debt limit without an act of Congress. Biden has
What Debt Ceiling? Biden Set to Send Another $375 Million in Weapons to Ukraine
May 20, 2023 by
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 âmilitary aidâ to Ukraine, officials in both the Biden and Zelensky administrations have claimed. President Joe Biden is set to announce the new injection of guns
White House: We Shouldn’t Have Talked to McCarthy Sooner on Debt Limit
May 19, 2023 by
On Thursdayâs broadcast of Bloombergâs âSurveillance,â White House National Security Council Coordinator for Strategic Communications John Kirby responded to criticisms that President Joe Biden should have met with House Speaker Rep. Kevin McCarthy (R-CA) about the debt ceiling sooner so that the President wouldnât have to cancel parts of his overseas trip by stating that raising
Congress crosses its fingers for the new Big Four to avert debt disaster
May 18, 2023 by
Budget chief Shalanda Young is a respected budget guru whoâs won trust from both sides in her handling of epic Hill spending battles like the border wall. | Jose Luis Magana/AP Photo Kyrsten Sinema, whoâs convened her share of bipartisan dealmaking groups, has stayed pretty quiet on the debt limit standoff. Until now. The Arizona
Dem Rep. Boyle: ‘Deep-Pocketed Special Interests’ Will ‘Pressure’ GOP into Taking Our Side on Debt Limit
May 18, 2023 by
On Wednesdayâs broadcast of MSNBCâs âThe Last Word,â House Budget Committee Ranking Member Rep. Brendan Boyle (D-PA) stated that âdeep-pocketed special interestsâ âwill start applying pressure toâ Republicans to go along with Democrats on raising the debt ceiling without any spending reforms attached. While discussing the discharge petition by Democrats to force a vote on a
Biden appoints 2 additional top aides to try and get to the finish line on debt ceiling talks
May 17, 2023 by
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
White House: We’re Not Negotiating over the Debt Limit and Have ‘to Get Default Taken off the Table’
May 17, 2023 by
On Tuesdayâs broadcast of MSNBCâs âAlex Wagner Tonight,â White House Communications Director Ben LaBolt stated that President Joe Biden is still not negotiating over the debt limit and âWhat the President has been open to throughout this process is a budget negotiation, is an appropriations negotiation through the typical process.â Host Alex Wagner asked, âLet
Intensifying debt talks threaten rare GOP unity
May 16, 2023 by
Speaker Kevin McCarthy himself fumed Monday that he sees barely any movement behind the scenes. | Francis Chung/POLITICO House Republicans took a hard line going into high-stakes debt negotiations with President Joe Biden. Their Senate counterparts are now gently reminding them to show some flexibility. As Biden and congressional leaders prepare for a Tuesday meeting
Republicans Are Right to Demand a âDirtyâ Debt Limit Bill
May 15, 2023 by
President Biden portrays House Republicans as hostage-takers for demanding that deficit savings accompany any debt limit increase. He maintains that âcleanâ debt limit bills reflect typical Washington practice and that attaching new savings would set a dangerous new precedent that endangers future debt limit legislation.The president is entitled to his policy preference. But his position
Debt limit X-date could still crash Congressâ summer break
May 13, 2023 by
The CBO estimates that the government is likely to need between $2srcsrc billion and $3srcsrc billion this month to make all of its payments. | Francis Chung/POLITICO If the U.S. government doesnât run out of borrowing power by mid-June, the nation probably wonât risk breaching the debt limit until âat least the end of July,â
GOP Rep. Roy: We Should ‘Jam’ Border Bill Through Using Budget or Debt Ceiling
May 12, 2023 by
On Thursdayâs broadcast of the Fox News Channelâs âIngraham Angle,â 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, âWe are getting absolutely inundated and this administration doesnât seem to care, and theyâre trying
Debt anxiety falls a little on the Hill. It might not be enough.
May 11, 2023 by
Speaker Kevin McCarthy speaks with reporters at the U.S. Capitol after he and other Congressional leaders met with President Biden at the White House to discuss the debt ceiling May 9, 2src23. | Francis Chung/POLITICO President Joe Biden and Speaker Kevin McCarthy are still very much in the finger-pointing stage of the economy-rattling debt crisis.
Why McConnell and McCarthy locked arms on the debt crisis
May 9, 2023 by
After working with President Joe Biden in the past to avert fiscal calamity, Sen. Mitch McConnell, right, is steadfast that this time itâs Rep. Kevin McCarthy and Bidenâs job to avoid default. | Drew Angerer/Getty Images When Joe Biden called Mitch McConnell to talk about the debt limit, a funny thing happened: The Senate GOP
Breitbart News Daily Podcast Ep. 327: Biden Campaign Off to Rocky Start; Guest Stephen Moore on Debt Ceiling Crisis
May 8, 2023 by
Host Alex Marlow opens with the news that Joe Bidenâs 2src24 campaign is not in a good spot. Heâs 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
Report: Mitch McConnell Backs Kevin McCarthyâs Hand Ahead of Debt Summit Next Week
May 6, 2023 by
Republican Senate Leader Mitch McConnell (R-KY) backed House Speaker Kevin McCarthyâs support for âsubstantiveâ budget cuts days before he is set to meet with President Joe Biden and other congressional leaders to negotiate on debt ceiling legislation. The Hill reported that McConnell signed onto a letter sent to Democrat Senate Leader Chuck Schumer (D-NY), led
Lawmakers dismiss possibility of debt limit off-ramp
May 4, 2023 by
âI just think that this needs to get done and delay, delay, delay doesnât solve anything, said Senate GOP Whip John Thune. | Francis Chung/POLITICO Congress is hurtling toward a debt crisis in weeks, and this time lawmakers may not be able to fall back on their time-honored tradition of punting the problem. Key members
Biden wonât move on debt ceiling terms even as he seeks to restart talks
May 2, 2023 by
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 Bidenâs doorstep â 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
May 1, 2023 by
AP Photo/Patrick Semansky Rep. Scott Perry (R-FL) said during a press conference call Sunday that âheads need to rollâ over the Biden administrationâs lie that the Republican debt ceiling plan would cut veteransâ 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
April 30, 2023 by
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
House GOP leaves Washington with a debt win â but not quite a breakthrough
April 29, 2023 by
Speaker Kevin McCarthyâs fiscal standoff with President Joe Biden remains as deadlocked as ever. | Jose Luis Magana/AP Photo House Republicans left Washington on Friday for a week feeling elated about their massive debt bill they muscled through despite the thinnest of narrow margins. Just donât call it a breakthrough. Speaker Kevin McCarthyâs fiscal standoff
Why the Senate isn’t jumping at the opportunity to end the debt crisis
April 27, 2023 by
As the House GOP scrambles to pass its ultimately doomed bid to raise the nation’s borrowing limit, across the Capitol almost no one is working to devise legislation that can overcome a Senate filibuster, win a House majority and get President Joe Bidenâs signature. | Samuel Corum/Getty Images The Senate still isnât ready to save
How McCarthy mollified the right on his debt plan â for now
April 27, 2023 by
House Speaker Kevin McCarthy (R-Calif.) walks to a press conference after the House passed the Limit, Save, Grow Act (H.R. 2811) at the U.S. Capitol on April 26, 2src23. | Francis Chung/POLITICO Soon after House conservatives extracted enough concessions from Kevin McCarthy to let him claim the speakership, they began plotting their next move: Pushing
Biden: I’ll meet with McCarthy â but not on debt limit
April 27, 2023 by
Joe Biden’s stance comes as House Speaker Kevin McCarthy tries to muscle a bill through the House that heâs cast as the GOP’s opening bid in the high-stakes standoff. | Drew Angerer/Getty Images President Joe Biden said Wednesday that he is open to meeting again with House Speaker Kevin McCarthy â but would not give
Debt Standoff: House GOP Moves to Lock Down Package to Force Biden’s Hand on Spending Limit
April 26, 2023 by
House Speaker Kevin McCarthy (R-CA) and other top House Republicans raced Tuesday to lock down votes for a legislative package that would raise the debt ceiling while cutting spending that they believe will strengthen their negotiating position with Democrats as a standoff looms later this year. McCarthy hosted GOP members in the speakerâs office all
Clyburn: Biden Will Talk to McCarthy on Debt Limit at ‘Proper Time’
April 26, 2023 by
On Tuesdayâs broadcast of NBCâs âMTP Daily,â Rep. James Clyburn (D-SC) stated that heâs âsureâ President Joe Biden will invite House Speaker Rep. Kevin McCarthy (R-CA) to iron out a deal on the debt ceiling âwhen he thinks itâs the proper time to do it.â Clyburn stated, âThe Presidentâs job is to maintain security for