Key Background
Treasury Secretary Janet Yellen said Thursday the U.S. had reached its federal borrowing cap of $31.4 trillion, triggering “extraordinary measures” to prevent a default, including suspending investments in certain federal employees’ retirement funds. Yellen estimated those “extraordinary measures” would expire on June 5, depending on how much money the government collects in spring tax receipts and other unpredictable revenue.
The Dems made an offer: raise the debt ceiling/no spending cuts. The GOP refuses to make a counter-offer.
Manufactured political crisis gDP God dammmm politicians
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White House to McCarthy: No negotiations on debt limitThe White House says President Joe Biden 'looks forward' to sitting down with new House Speaker Kevin McCarthy to discuss a range of topics. That perhaps includes the big challenge of raising the nation's debt limit.
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U.S. House Speaker McCarthy says accepts Biden's invitation to talk on debt limitU.S. House Speaker Kevin McCarthy said on Friday he would accept an invitation from President Joe Biden to sit down and discuss how to raise the U.S. debt limit. Hopefully both go into it with an open mind. Why not just spell it out in the tweet...............Biden wants to raise the debt limit..................... At least he didn’t let the power of his new position go to his head..🤫
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Biden, McCarthy to meet on debt limit as Yellen warns of consequencesTreasury Secretary Janet Yellen on Friday warned that the U.S. government cannot choose to pay some bills over others if Congress fails to raise the borrowing limit, as President Joe Biden and top Republican Kevin McCarthy made plans to meet to discuss the issue. 'Which sector should we bail out first?' No negotiations with hostage taking Trump-Christo-Fascist GOP House Republicans want to destroy the economy.
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McCarthy says he accepts Biden's invitation to meet about debt ceilingThe White House has said it won't negotiate with Republicans on raising the debt ceiling. The U.S. reached its borrowing limit a day ago, according to the treasury secretary. Please inform the Twitter followers that they're voting on the debt ceiling to be raised on what has already been voted on and approved His request was deemed acceptable. cheating on your daddy gonna land you in Maga prison Kevin
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