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An explosive piece of political theater is set for Wednesday evening when former President Trump appears at a town hall event televised by CNN — a day after he was found liable in a civil trial of sexual abuse. Trump and the network have been fierce foes in recent years. Trump even went so far, while…
President Biden on Tuesday said he has been looking at the 14th Amendment as a way to unilaterally work around the debt ceiling, though he acknowledged it will not be a viable short-term solution with the nation on track to default without congressional action by June. “I have been considering the 14th Amendment, and the…
Speaker Kevin McCarthy (R-Calif.) on Tuesday shot down the idea of moving a short-term debt ceiling hike to prevent a government default. Just hours before McCarthy is scheduled to meet with President Biden on the issue, the Speaker said the sides should come together to negotiate a compromise — combining a debt ceiling increase with sharp…
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The partisan standoff over the debt limit, which hardened over the weekend when 43 Senate Republicans said they would not support a clean debt-limit increase, sets the stage for severe turbulence in the financial markets, experts warn. The yield on Treasury bonds maturing next month spiked last week, signaling that investors are already preparing for…
President Biden and his team are approaching the prospect of a debt ceiling escape hatch that hinges on the 14th Amendment with extreme caution ahead of a pivotal meeting with congressional leaders at the White House on Tuesday. Some officials have openly voiced concerns about the legal standing of using the 14th Amendment to solve…
The National Association of Government Employees (NAGE) filed a lawsuit to block enforcement of a law that sets the nation’s debt limit, arguing it is unconstitutional as a political divide over raising the borrowing cap comes to a head. The lawsuit contends that, if the debt limit is reached, President Biden and Treasury Secretary Janet…
Top political figures are swirling the possibility that President Biden could use the powers of a clause in the 14th Amendment as a last-ditch effort to ward off the looming threat that the U.S. could default on its debt as soon as next month. When asked about possibility of invoking the amendment, President Biden as…
President Biden took aim at Republicans for not taking action in the wake of the latest Texas mass shooting that left nine people dead and again called on Congress to pass an assault weapons ban. “Too many families have empty chairs at their dinner tables. Republican Members of Congress cannot continue to meet this epidemic…
President Biden is taking his time shifting into campaign mode. In the nearly two weeks since he announced his reelection bid, Biden met with donors in Washington, D.C., and his 2024 campaign has rolled out a pair of ads in major swing states. But Biden has kept a low profile rather than capitalizing on the…