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Speaker Kevin McCarthy said on Sunday that the student loan payment pause is “gone” in the debt ceiling deal announced by the California Republican and President Biden late Saturday night. “The pause is gone within 60 days of this being signed. So that is another victory because that brings in $5 billion each month to…
Conservative House Republicans are already voicing criticism about the agreement in principle to cap spending and raise the debt ceiling announced late Saturday as the White House and GOP leadership work to avoid a default on the nation’s debt. Rep. Dan Bishop (R) tweeted a vomiting emoji to express his thoughts on the proposed…
Sen. Rick Scott (R-Fla.) issued what he described as a “formal travel advisory for socialists visiting Florida,” on Tuesday, warning that the state was “openly hostile” to socialists and their enablers. “The state of Florida devalues and marginalizes the contributions of, and the challenges faced by Socialists and others who work in the Biden Administration,”…
Speaker Kevin McCarthy (R-Calif.) said on Sunday that a call he had with President Biden about the debt limit and looming default earlier in the day was “productive” and that the pair will meet in-person on Monday upon the president’s return from Japan. “I believe it was a productive phone call,” McCarthy told reporters, noting…
Speaker Kevin McCarthy (R-Calif.) on Tuesday left a meeting on the debt ceiling with President Biden and other congressional leaders saying the structure of negotiations had improved and that he held out hope a deal would be possible in the coming days. While the two sides are still working through key differences, McCarthy told reporters…
Treasury Department Secretary Janet Yellen warned Tuesday that “time is running out” for Congress to lift the debt ceiling and avert a default on the nation’s debt, which the secretary says would be catastrophic for the economy. “Time is running out. Every single day that Congress does not act, we are experiencing increased economic costs…
President Biden is weighing in on the Writers Guild of America strike that has put Hollywood on pause. Giving remarks before a White House screening of the Disney+ series American Born Chinese, Biden told the crowd (which included the cast and producers of the show, as well as some Disney executives) that “I sincerely hope…
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…