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The White House is not taking the possibility of a short-term debt ceiling extension off the table as it weighs options to avoid the country defaulting on its debts as President Biden prepares to meet Speaker Kevin McCarthy (R-Calif.) on the matter next week. On Thursday, Office of Management and Budget Director Shalanda Young told…
The Federal Reserve voted to raise interest rates Wednesday by another 0.25 percentage points, brushing aside concerns about the financial sector and an expected recession later this year. The Fed’s rate-setting committee voted unanimously Wednesday to boost its baseline interest rate to a range of 5 to 5.25 percent, the point at which Fed officials…
Treasury Secretary Janet Yellen in a Monday letter to congressional leaders said they have only until June 1 to pass legislation to raise the nation’s debt ceiling. Yellen told lawmakers that she expects the U.S. to no longer be able to pay all of its outstanding obligations by as early as June 1, ramping up…
The biggest fights in the nation are increasingly being duked out in state legislatures. On Thursday alone, abortion bans failed by a single vote in both South Carolina and Nebraska. The outcomes handed advocates for reproductive rights the latest in a growing list of victories, many of them chalked up in conservative states. In Florida,…
A short video message posted online by former Fox News host Tucker Carlson following his ouster from the network had racked up more than 57 Million views on Twitter as of Thursday afternoon. Carlson’s cryptic two-minute message was posted around 8 p.m. Wednesday night. He did not directly address his sudden departure from the network…
Sen. Tommy Tuberville’s (R-Ala.) prolonged hold on the promotions of Pentagon officials is rattling fellow Republicans, who worry the potential cost to national security is starting to outweigh whatever political points Tuberville may be scoring against the Biden administration. Tuberville on Tuesday blocked an effort to advance 184 military promotions and vowed not to…
House Republicans on Wednesday passed a bill to raise the borrowing limit and implement sweeping spending cuts, marking a victory for Speaker Kevin McCarthy (R-Calif.) after days of grueling negotiations that put the deep divisions within the GOP conference on full display. The bill — dubbed the Limit, Save, Grow Act — cleared the chamber…
Sens. Angus King (I-Maine) and Lisa Murkowski (R-Alaska) have introduced a bipartisan bill to require the Supreme Court to create a new code of conduct for itself after ProPublica revealed that conservative Justice Clarence Thomas failed to disclose luxury trips he accepted from Texas billionaire Harlan Crow. The bill would require the Supreme Court…
CNN host Don Lemon says he has been fired by CNN. “I am stunned,” Lemon said in a message posted on Twitter on Monday, saying his agent had informed him of his firing by CNN president Chris Licht. The Hill has confirmed Lemon’s exit with CNN. Licht said in a memo to CNN workers that…
New Hampshire Gov. Chris Sununu (R) said on Sunday that Republicans want “someone who can win” as their presidential candidate, addubg that former President Trump lost the past three elections for the GOP. “Republicans want someone who can win in November of ‘24. Donald Trump is a loser. He has not just lost once. He lost…