Intensity and insults rise as lawmakers debate debt ceiling

insists such legislation be passed without conditions. It’s an impasse that shows no signs of easing ahead of this summer’s deadline for action.ally, described his outlook. “And frankly, I don’t see how we get there at this point. There’s no process set up, there’s no dialogue, there’s no discussion.”

But some damage was done. Standard & Poor’s Ratings Services downgraded U.S. debt for the first time that year because it lacked confidence political leaders would make the choices needed to avert a long-term fiscal crisis. Republicans say they are determined that Biden, who was Obama’s vice president during both of those debt ceiling battles, will have to follow the path set in 2011 - not the one set in 2013.

“Look, there’s gonna be shrapnel all around, right. Right?” Perry said. “Everybody might take some wounds from it, but he’s not walking out of this thing unscathed.”in which Republicans struggled to elect a speaker, they are taking great pains to show unity. Moderates and conservatives in the House are adamant: Biden must engage.

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Intensity and insults rise as lawmakers debate debt ceilingThis year’s debt ceiling debate has a different feel to it for some lawmakers. The most recent debates over increasing the nation’s borrowing authority generally have been contentious but resolved before markets started to panic. But this year, a new Republican majority in the House is itching for a spending showdown. They blame what they view as excessive federal spending for inflation and for the growing national debt. The past week featured a terse exchange of letters between President Joe Biden and House Speaker Kevin McCarthy. One McCarthy ally, Rep. Patrick McHenry of North Carolina, says he’s very worried and doesn’t see how the impasse gets resolved. 2024 Poll 🇺🇲 🇺🇲 Indict the insurrectionist Congress. Problem solved. It's pretty simple logic. The world is beginning to reject the US dollar, and we can't keep spending out of control. This was ALL predicted a long, long time ago.
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