Members phkrause Posted May 9, 2023 Author Members Posted May 9, 2023 GOP moderates privately panic over debt ceiling deal Some House Republicans are fretting about whether they'd be able to pass a watered-down version of their debt ceiling bill once the terms are negotiated with Senate Democrats and the White House, Axios has learned. https://www.axios.com/2023/05/06/republicans-debt-ceiling-mccarthy-freedom-caucus? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 9, 2023 Author Members Posted May 9, 2023 Deal or default? Biden, GOP must decide what’s on the table WASHINGTON (AP) — Before President Joe Biden and congressional leaders can seriously try to avert an unprecedented U.S. government default, their initial challenge on Tuesday is to agree on what exactly they’re talking about as they hold their first substantive meeting in months. https://apnews.com/article/debt-limit-biden-mccarthy-default-0768adc003ceece0d84af9276eaf4005? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 11, 2023 Author Members Posted May 11, 2023 Bipartisan group projects U.S. default as soon as early June, citing ‘quite low’ cash flows WASHINGTON — The U.S. government could default as soon as next month if Congress and the Biden administration can’t reach a debt limit agreement before then, according to a new analysis from the Bipartisan Policy Center. https://floridaphoenix.com/2023/05/09/bipartisan-group-projects-u-s-default-as-soon-as-early-june-citing-quite-low-cash-flows/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 11, 2023 Author Members Posted May 11, 2023 Don’t count on the House discharge rule to raise the debt limit House Democrats turned heads on Capitol Hill last week when news surfaced of their proposed procedural gambit to raise the federal government’s debt limit. Relying on the century-old House discharge rule, minority party Democrats aim to force a vote on a measure to lift the debt ceiling. The discharge rule, however, is ill-suited for swift, surgical strikes, and Democrats will struggle to secure the necessary support of a handful of Republicans. While nothing can be ruled out, the discharge rule is unlikely to resolve today’s impasse. https://www.brookings.edu/blog/fixgov/2023/05/09/dont-count-on-the-house-discharge-rule-to-raise-the-debt-limit/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 11, 2023 Author Members Posted May 11, 2023 Debt limit fight: Biden meeting with Congress leaders put off until next week; staff talks proceed WASHINGTON (AP) — President Joe Biden’s meeting Friday with congressional leaders on the debt limit crisis was abruptly postponed to next week, with staff-level talks making progress and expected to continue through the weekend, the White House and congressional aides said Thursday. https://apnews.com/article/trump-debt-limit-mccarthy-biden-default-e4df3f35a47415419e19a7723e337627 Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 12, 2023 Author Members Posted May 12, 2023 Weaponizing the debt limit should not be normalized President Biden should do “whatever it takes” to avoid an economic catastrophe https://www.epi.org/blog/weaponizing-the-debt-limit-should-not-be-normalized-president-biden-should-do-whatever-it-takes-to-avoid-an-economic-catastrophe/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 13, 2023 Author Members Posted May 13, 2023 Length of spending caps, debt limit hike mulled as talks begin Process for negotiations on borrowing cap still unsettled ahead of key meeting Friday https://rollcall.com/2023/05/10/length-of-spending-caps-debt-limit-hike-mulled-as-talks-begin/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 13, 2023 Author Members Posted May 13, 2023 U.S. House GOP wants spending cuts — and also $10B in home-state earmarks WASHINGTON — U.S. House Republicans have requested more than $10 billion in earmarks to be included in next year’s appropriations bills, despite demanding massive spending cuts as a contingent for raising the nation’s debt ceiling. https://floridaphoenix.com/2023/05/11/u-s-house-gop-wants-spending-cuts-and-also-10b-in-home-state-earmarks/? Rahab 1 Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 14, 2023 Author Members Posted May 14, 2023 Congressional Budget Office warns of US debt default 'in first two weeks of June' The agency said there's "significant risk" cash will run out early next month. https://abcnews.go.com/Politics/congressional-budget-office-warns-us-debt-default-weeks/story?id=99282851 Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 15, 2023 Author Members Posted May 15, 2023 7 doomsday scenarios if the U.S. crashes through the debt ceiling Economists warn of worst-case outcomes should Congress fail to raise the federal borrowing limit by the “X-date” deadline https://www.washingtonpost.com/business/2023/05/14/debt-ceiling-deadline-what-default-means/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 16, 2023 Author Members Posted May 16, 2023 What Americans think about the debt ceiling fight For most Americans, the debt ceiling is something abstract and technical that officials in Washington fight about. They have a hard time understanding the impact that this issue could have on their daily lives, and they do not appear to be listening to the warnings that policy experts are issuing with increasing urgency. The following contradictory and ambiguous poll findings illustrate the problem. https://www.brookings.edu/blog/fixgov/2023/05/15/what-americans-think-about-the-debt-ceiling-fight/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 17, 2023 Author Members Posted May 17, 2023 Job cuts, no Social Security checks: How consumers could be pinched by a US government default WASHINGTON (AP) — All the hand-wringing in Washington over raising the debt limit can seem far removed from the lives of everyday Americans, but they could end up facing huge consequences. https://apnews.com/article/biden-mccarthy-debt-limit-cap-meeting-budget-df8b27ab75e5901309f24c08f74a81ca? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 17, 2023 Author Members Posted May 17, 2023 Debt limit progress as Biden, McCarthy name top negotiators to avert national default WASHINGTON (AP) — Debt-limit talks shifted into an encouraging new phase Tuesday as President Joe Biden and House Speaker Kevin McCarthy named top emissaries to negotiate a deal to avert an unprecedented national default. Biden cut short an upcoming overseas trip in hopes of closing an agreement before a June 1 deadline. https://apnews.com/article/biden-mccarthy-debt-limit-default-ce36241e652f7eb022009152001c254e? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 17, 2023 Author Members Posted May 17, 2023 Biden Must Go to the G7 Meeting in Japan as the Threat of U.S. Debt Default Looms The last-minute talks to stave off U.S. debt default are a reason that President Joe Biden should stick with his plans to attend the G7 in Japan rather than to cancel them. https://www.thedailybeast.com/biden-must-go-to-the-g7-meeting-in-japan-as-us-debt-default-looms? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 19, 2023 Author Members Posted May 19, 2023 Some Senate Democrats urge Biden to prepare to invoke the 14th Amendment to tackle the debt limit WASHINGTON — Some Senate Democrats are circulating a letter urging President Joe Biden to prepare to invoke the 14th Amendment to lift the debt ceiling and avert default on his own, without an act of Congress. https://www.nbcnews.com/politics/congress/senate-democrats-urge-biden-prepare-invoke-14th-amendment-lift-debt-li-rcna84935? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 19, 2023 Author Members Posted May 19, 2023 FACT FOCUS: Who’s to blame for the national debt? It’s more complicated than one culprit The U.S. is inching closer to a deadline to raise the debt ceiling or risk defaulting on the nation’s $31 trillion in debt and political leaders have not yet reached a deal to avert such a crisis. https://apnews.com/article/fact-check-national-debt-donald-trump-barack-obama-ee3e613646fe500edf803e57959c776e? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 21, 2023 Author Members Posted May 21, 2023 Debt limit standoff brings tough talk, little action as Biden, world leaders watch for progress WASHINGTON (AP) — Debt limit negotiations between the White House and House Republicans hung over the weekend with tough talk but little action, as President Joe Biden and world leaders watched from afar hoping high-stakes discussions would make progress on avoiding a potentially catastrophic federal default. https://apnews.com/article/debt-limit-default-biden-mccarthy-spending-cuts-6448c7d8d77832afee209e1af8ac1129 Biden aims to reassure world on US debt standoff as he consults with Indo-Pacific leaders HIROSHIMA, Japan (AP) — President Joe Biden tried to reassure world leaders on Saturday that the United States would not default as he consulted with the heads of Australia, Japan and India in a meeting of the so-called Quad partnership that had been hastily rescheduled because of the debt limit standoff back in Washington. https://apnews.com/article/biden-g7-china-australia-india-japan-quad-debt-b8496e4d8829fe349a6cd543f9b40d61 Debt limit talks start, stop as Republicans, White House face ‘serious differences’ WASHINGTON (AP) — Debt limit talks between the White House and House Republicans stopped, started and stopped again Friday at the U.S. Capitol, a dizzying series of events in high-stakes negotiations to avoid a potentially catastrophic federal default. https://apnews.com/article/debt-limit-mccarthy-biden-default-negotiations-1b97de28d26b85da268cfd1c1e4a986a Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 21, 2023 Author Members Posted May 21, 2023 GOP is pushing work requirements in debt-limit talks — but experts say they don't work Among Republican lawmakers's list of demands in their debt-ceiling negotiations with the Biden Administration is a push to add more work requirements for the food-stamp, Medicaid and Temporary Assistance for Needy Families (TANF) programs. https://www.cbsnews.com/news/debt-ceiling-work-requirements-snap-medicaid-tanf-social-security/ Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 22, 2023 Author Members Posted May 22, 2023 Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy will meet face to face Monday after a weekend of on again, off again negotiations over raising the nation’s debt ceiling and mere days before the government could reach a “hard deadline” and run out of cash to pay its bills. https://apnews.com/article/debt-ceiling-biden-mccarthy-default-negotiations-cb0646c6301f1df97211896897df3723? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 23, 2023 Author Members Posted May 23, 2023 A default on the U.S. debt would be far worse than a government shutdown. Here’s how. WASHINGTON — A U.S. default on its debt would have a significantly broader impact on federal operations, financial markets and the global economy than recent government shutdowns that have left ordinary Americans largely untouched. https://floridaphoenix.com/2023/05/19/a-default-on-the-u-s-debt-would-be-far-worse-than-a-government-shutdown-heres-how/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 23, 2023 Author Members Posted May 23, 2023 GOP’s desired work requirements for federal aid would kick roughly 21M from anti-poverty programs Congressional Republicans’ efforts to slash federal spending by tying work requirements to Medicaid and SNAP would have far-reaching consequences for people with mental health issues, chronic health problems, and some people with disabilities if enacted, policy experts on anti-poverty programs say. https://floridaphoenix.com/2023/05/21/gops-desired-work-requirements-for-federal-aid-would-kick-roughly-21m-from-anti-poverty-programs/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 24, 2023 Author Members Posted May 24, 2023 Debt Limit Update: McCarthy's Very Weak Hand As recently as Thursday morning, I expressed a modicum of cautious optimism about the United States avoiding its first-ever default. White House negotiators met with House Republicans and seemed to be making progress. While I had concerns about the contents of such a deal, a budget agreement to lift the debt ceiling was quite possible. It wasn’t just me. Washington and Wall Street were feeling good. The market had even been trending up on the expectation that a financial catastrophe would be averted. https://www.messageboxnews.com/p/debt-limit-update-mccarthys-very? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 24, 2023 Author Members Posted May 24, 2023 What it would mean for the global economy if the US defaults on its debt WASHINGTON (AP) — If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone. https://apnews.com/article/debt-limit-congress-world-economy-recession-biden-52df635e9b89f4b1677176fc8d59eff0? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 25, 2023 Author Members Posted May 25, 2023 If the U.S. breaches the debt ceiling, these states would feel it most With negotiations on raising the debt ceiling still ongoing, the U.S. may be less than two weeks from defaulting on its debt, an unprecedented scenario that government officials have variously described as "unthinkable" and potentially "catastrophic." https://www.cbsnews.com/news/debt-ceiling-breach-states-counties-economic-impact-fallout/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Members phkrause Posted May 25, 2023 Author Members Posted May 25, 2023 Biden and McCarthy strike positive tone after debt limit talks, but no deal yet WASHINGTON — President Joe Biden and Speaker Kevin McCarthy left their closely watched meeting Monday without an agreement on government spending or the debt limit, prolonging a stalemate that could soon disrupt Americans’ everyday lives as well as the global economy. https://floridaphoenix.com/2023/05/23/biden-and-mccarthy-strike-positive-tone-after-debt-limit-talks-but-no-deal-yet/? Quote phkrause Obstinacy is a barrier to all improvement. - ChL 60
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.