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Senate Democrats are urging President Biden to use the 14th Amendment to raise the debt ceiling, arguing it is in his constitutional authority to take the unilateral step to prevent a GOP-driven default. They say Biden should not agree to GOP demands for major concessions on spending cuts to raise the debt ceiling, and that…
Rep. Tony Gonzales (R-Texas) dinged congressional leadership in both parties on Sunday for their posturing on immigration, including Speaker Kevin McCarthy (R-Calif.) who Gonzales said was “demonizing” illegal immigrants. “You’ve got McCarthy on one side that is demonizing those that come over illegally,” Gonzales said on CBS’s “Face The Nation.” “You’ve got Chuck Schumer on…
The debt ceiling fight gripping Washington this month bears echoes of a similar clash in 2011, when a Democratic president squared off against a Republican House in a fight that dragged on for months, pushed the country to the brink of default and led to the first credit downgrade in U.S. history. Except this time…
Homebuyers and renters alike could feel relief later this year as home prices stabilize, mortgage rates decline and rent price growth continues to slow. Economists expect the Federal Reserve to pause rate hikes for a time while it observes incoming economic data, some stemming from the banking crisis that led to tightened lending. This could…
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 The…
Senate Republicans are disavowing former President Trump’s call to let the federal government default on its debts unless President Biden agrees to “massive” spending cuts, dismissing Trump’s suggestion as something far too risky to seriously consider. The cold reception to Trump’s bold statement is the latest sign of the widening rift between Trump and his party’s Washington…
Speaker Kevin McCarthy (R-Calif.) said he plans to call FBI Director Christopher Wray on Thursday after the agency rebuffed a subpoena from the House Oversight Committee for a document that GOP lawmakers claim lays out an “alleged criminal scheme” involving President Biden and a foreign national. McCarthy’s comments came one day after Christopher Dunham, the…
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 Even…
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 President…
President Biden and the top four congressional leaders, including Speaker Kevin McCarthy (R-Calif.), came away from their Tuesday meeting with no path forward to avoid the nation defaulting on its debts. The president’s meeting with McCarthy, House Minority Leader Hakeem Jeffries (D-N.Y.), Senate Majority Leader Chuck Schumer (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.)…