Sen. Joe Manchin, D-West Virginia, outside of a meeting with Senate Democrats at the U.S. Capitol Nov. 29, 2022, in Washington.
What’s the rush if we don’t hit the cap until later next year? Republicans, who assume the House majority on Jan. 3, are threatening to hold the debt ceiling hostage unless Democrats capitulate by accepting unpopular spending cuts which may include cutting Social Security, Medicare and Ukraine aid. The Biden administration and Senate Democrats won’t accept these cuts and the American people never voted for them in November.
But the threat of default is far more dangerous this year. First the Republican majority will be its narrowest in decades and the new likely Republican speaker will be weak and inexperienced. With a margin of only a few votes, the speaker will depend for power on extreme Republican members such as Marjorie Taylor Greene. That gives those voices the kind of outsized influence that Democratic Sen.Joe Manchin has held over Democrats in the evenly divided Senate.
If unused COVID-19 money is returned vs. spent on non covid projects, this would not only help the economy but may avoid hitting the debt ceiling. By guess is billions should be returned. How anout doing a story on misuse/unspent COVID-19 money
Assumptions are always made that the debt ceiling will get raised.
You voted for this, so what's the problem?
Shut it down !!!
Same foolishness every year!
….or we could spend less.
Stop giving money to the money laundering Ukraine
Davidlaz The debt ceiling is going to have to raise--the money that the government is putting out for various agencies is NEVER going to be less. I don't care what kind of 'budget cuts' are made. Prices are going to continue to rise, services will continue to cost, and that's life.
Nothing to do with Ukraine
Do whatever it takes, within reason, to stop current beneficiaries of massive deficits from robbing our children and grandchildren.
Congress spends YOUR money! They will raise the ceiling and tax you more while giving 100s of billions in entitlements and to foreign lands, all while lining their own pockets. They MUST curtail the excessive waste before they demand more.
Spend less. A novel idea.
Blame Joe Biden.
Davidlaz Raise the debt ceiling NOW in lame duck session SpeakerPelosi RepJeffries
They always raise the debt ceiling in fact 74 times and never once lowered it. One thing is for sure they will never stop spending taxpayer dollars