The US hit the debt ceiling set by Congress on Thursday, forcing the Treasury Department to start taking extraordinary measures to keep the government open and escalating pressure on Capitol Hill to avoid a catastrophic default.
He added, "Even just the specter that the United States might not honor its obligations does damage to the economy."follows the warning Yellen sent last week about the approaching debt limit For now, he is leaning on using the debt ceiling crisis to cut spending and balance the US budget. On Tuesday, McCarthy rejected Democratic calls for a clean debt ceiling increase without any conditions attached -- something Congress has done time and again, including under then-President Donald Trump. The speaker told reporters on Capitol Hill that the Biden administration should begin to negotiate ahead of this summer, when the US could default.
The White House on Wednesday blasted the Arizona Republican's "stunning and unacceptable position" and once again rejected calls to reduce spending as part of a debt ceiling deal.
USTreasury well how about you get some of that money back from Ukraine that JoeBiden sent over there
Stop giving money to planned UNparenthood and fake climate change and black LIES matter and fake trans fake gender and illegal immigrants and every other unAmerican Dumbocratic agenda. Then America could actually take care of its veterans and elderly and still have money left.
What happend to your economic plan of 1 trillion dollars of economic growth
Government always getting rich and civilians crushed. God sees the work that you are doing.
What You don’t say? After TRUMP Started & signed off the whole EXTRA $600/wk with normal unemployment cks & Stimulus cks & Free Rent checks in 2020 that went through 2021! Ppl were GETTING pd More Not to wk, BUT still didn’t get him election votes.
So it means they will raise taxes and they get another raise
And we're still taking in migrants. We can't take care of the people from here already. USA turning into 3rd world country! We wanna help everyone an let everyone come to this country for a better life. We're crashing an burning fast. We can't feed an house everyone for free.
But there trying to kill me smh😩😩 smh
Ukraine is richer than us now
This means nothing, keep sending aid to Ukraine
Foreign debtholders should start calling in what the government owes them.
And yet we can send another 2.7 billion to Ukraine
Yawn. Seen this theater show many times.
Stop giving money to Ukraine every other f*cking week.
👇🏻
The Treasury Department can take extraordinary measures and stop funding Psychiatry in the Billions annually to poison our brains and destroy people's mental health further. Legalize Marijuana Federally.
The Treasury Department can take extraordinary measures to release the stranglehold greedy hoarder billionaires have on the circulation of money and make it illegal to have more than 1billion dollars in a bank account. Instead of adding billions it should be a generosity contest.
The Treasury Department can also take extraordinary measures to get a refund of the Trillions of dollars stolen by the Medical System and crooked Doctors who committed Medical fraud and malpractice against the American People in the Trillions.
Maybe the Treasury Department can take extraordinary measures to impeach Biden and his administration, clean up the FBLie and ask England, Ukraine, Turkey and Saudi Arabia for a refund of our Trillions in dollars that are used for crimes against humanity and environmental damage.
the DEMS should stay low.. let the GOP cause this cluster and then they will lose in 2024
Hit up Ukraine
But it's ok because we have billions to send to Ukraine huh.
Keep printing money POTUS
They'll still find money for the Ukraine money laundering operation, and for Zelensky & his wife to buy another yacht/shopping spree.
Lol a few billionaires can buy this whole shit 🤦🏻♂️😂😂😂
If we can waste on wars and a stupid wall that didn’t do shit we ok
If they only cancel student dept they wouldn’t be scrambling to stop the nearing ressesion
Great. They’ll be tapping into G funds lol. Now postal workers who should be retired already are going to wait even longer
Stop giving away all our money you fools
Quit giving money to Ukraine.
Everything is fine under the fantastic leadership of Dimentia Joe.
Didn't we send much more than that to Ukraine, though? Why are we sending them money we don't even have.
tuff
Shouldn’t have given all that money to UkraineFTX
Stop giving money to WEF
It happens when you give so much money away. Now that is smart!!!
The debt ceiling is a self-imposed constraint. There's no reason the government can't let the Treasury overdraft. Don't even need to issue debt to borrow currency you created.
Oh boy. Here we go again
Well stop giving TRILLIONS of our tax money to foreign wars and foreign countries simple.
Where were the 'extraordinary measures' under trump?
They better effing do something cause if I lose my social security I’ll be homeless. 😡
And Bank of America accounts were mysteriously tapped into? Hmm
Looks like US military members are about to suffer. Thanks Biden.
Nice. Shut it TF down.
Why didn’t they take extraordinary measures BEFORE?
So we’re out of ink? What’s going on just make more ink ffs
does this mean seniors won't get social security checks b/c of the New GOP demanding cuts in taxes for oligarchs?
Stop sending money to fore countries
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