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If the White House and House Republicans fail to raise the debt ceiling and the U.S. defaults on its national debt for the first time ever, the economic consequences for Americans will be wide-ranging and long-lasting. Social Security checks could be held up, government salaries and contracts could be frozen, Medicare reimbursements to doctors and…
The negotiations between President Biden and Speaker Kevin McCarthy (R-Calif.) on raising the debt limit has put the Senate in the backseat, fueling anxiety among the upper chamber’s conservatives that the deal will be a major disappointment. Sen. Mike Lee (R-Utah) is threatening to use every procedural tool available to slow down the legislation,…
Top Democrats and Republicans sent strong signals Friday night that they’re nearing an elusive agreement on a debt-ceiling increase to prevent an economy-rattling government default. While negotiators said it was too soon to announce a deal, both sides voiced confidence that they were within striking distance of a compromise to lift the government’s borrowing cap…
A top GOP lawmaker negotiating an elusive debt ceiling deal was adamant Friday that Republicans will not drop their demand for tougher work requirements as part of a final agreement — a major sticking point at the 11th hour of the talks. “Hell no, hell no!,” Rep. Garret Graves (R-La.) told reporters outside the Capitol. …
A key Republican lawmaker negotiating a debt limit increase denounced recent leaks of details of an emerging deal, suggesting they are not helpful in locking down an agreement. “Everyone wants a detail of this, everyone wants a tweet, I want an agreement that changes the trajectory of the country,” Rep. Patrick McHenry (R-N.C.) told reporters…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter No…
Speaker Kevin McCarthy (R-Calif.) says his proposal to cap discretionary spending won’t hurt defense programs, but fellow Republican lawmakers are skeptical of that claim and warn the Pentagon may see its budget effectively frozen while the nation faces growing national security threats from Russia and China. While Republican lawmakers have voiced general support for…
Sen. Mike Lee (R-Utah), the chairman of the conservative Senate Republican Steering Committee, is threatening to use “every procedural tool” at his disposal to slow down Senate passage of a bill to raise the debt ceiling if it doesn’t include “substantial” reforms. Lee could drag out the floor proceedings on a bill for days, something…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter Florida…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter DeSantis…