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.
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Is the White House hosting debt ceiling talks with McCarthy or not?Kevin McCarthy and the White House can't even agree on whether they're poised to have debt ceiling negotiations, but the truth is plain. MaddowBlog McCarthy needs to listen to his orange daddy. No cuts to Social Security or Medicare. MaddowBlog The only harm is in my wallet which Biden has obliterated by his incompetent leadership devastating policies and bills so huge my grandkids will pay for them. Budrn has hurt the people and devastated our Country and our economy. And u talk about Congress. U R part of the problem MaddowBlog Our Congress needs to declare ANTIFA and BLM as Domestic Terrorist. This will give federal Authority to shut them down when they try to burn loot and assault our Cities as well as make it illegal for self proclaimed socialist like George Soros to fund their anarchy.
Source: MSNBC - 🏆 469. / 51 Read more »
McConnell plans backseat role as McCarthy battles White House over debt ceiling | CNN PoliticsSenate GOP leader Mitch McConnell has engineered ways out of a devastating debt default in the past. This time may be different. No it wont. The debt limit will be raised. Blah blah blah So amusing, is CNN thinking that its readers don’t understand anything and accept all the stupidities that CNN is emitting? Which chamber is controlled by Republicans, CNN?
Source: CNN - 🏆 4. / 95 Read more »
Post Politics Now: Biden hosting Democrats at White House as debt limit standoff continuesThe president and congressional Democrats are expected to discuss an array of issues, including the ongoing standoff with House Republicans over raising the nation’s debt limit. “President” Has this become a one party thing? 🤡 Will they discuss the garage findings?!
Source: washingtonpost - 🏆 95. / 72 Read more »
Debt ceiling: 2011 showdown leaves lessons for Biden, GOPThe debate around raising the debt ceiling sounds eerily similar: Newly elected House Republicans, eager to confront the Democratic president in the White House, refused to raise the debt limit without cuts to federal spending. Negotiations over the debt ceiling consumed Washington in 2011, a high-stakes showdown between the Obama White House and the new generation of “tea party” House Republicans.
Source: YahooNews - 🏆 380. / 59 Read more »