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Debt Ceiling


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Just in case: Anxious retirees, social service groups among those making default contingency plans

WASHINGTON (AP) — Phoenix retiree Saundra Cole has been watching the news about the debt limit negotiations in Washington with dismay — and limiting her air conditioning use to save money just in case her monthly Social Security check is delayed due to a default.

https://apnews.com/article/default-yellen-biden-debt-ceiling-republicans-416a2fad74db0cb4535655ef26c9f845?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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GOP and White House talks continue as debt ceiling deadline approaches

Progress appeared to stall yesterday after the White House indicated a "speed bump" had been hit.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal

WASHINGTON (AP) — House Republicans pushed debt ceiling talks to the brink Thursday, displaying risky political bravado in leaving town for the holiday weekend just days before the U.S. could face an unprecedented default hurling the global economy into chaos.

https://apnews.com/article/debt-limit-biden-mccarthy-default-7df95c593c8f4c94662361a93831a42c?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Biden says debt default deal “very close’ while deadline now set at June 5

WASHINGTON (AP) — Time running short, the government announced a new June 5 default deadline late Friday, threatening to send the White House and Republicans toward more cliff-edge negotiations over cutting spending and raising the nation’s legal debt limit

https://apnews.com/article/debt-limit-congress-mccarthy-biden-budget-230fed0485cdee771b67a6331f172845?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Threat of US credit downgrade looms over debt ceiling talks

WASHINGTON (AP) — With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation’s debt limit.

https://apnews.com/article/debt-limit-credit-rating-downgrade-warning-default-b906c014ed2b8124917f4a107a543964?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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After years of bipartisan spending boosts, U.S. House GOP won’t lift debt ceiling without cuts

WASHINGTON — Republicans and Democrats in Congress together brokered dozens of debt limit agreements, including several during the past decade, marked by a desire in both political parties to increase federal spending.

https://floridaphoenix.com/2023/05/25/after-years-of-bipartisan-spending-boosts-u-s-house-gop-wont-lift-debt-ceiling-without-cuts/?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Dark Money’s Behind The Debt Ceiling Plan To Punish The Poor

Republican House Speaker Kevin McCarthy borrowed his punishing work requirement proposal from the conservative think tank pushing to loosen child labor laws.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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White House and GOP reach tentative debt ceiling deal

President Biden and House Speaker Kevin McCarthy (R-Calif.) have reached a tentative deal to raise the debt ceiling to 2025, Axios has learned from sources in both parties.

https://www.axios.com/2023/05/28/debt-ceiling-deal-republicans-white-house?

Here’s what’s in the debt ceiling deal

(CNN) — After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to raise the debt ceiling and cap spending.

https://krdo.com/news/2023/05/28/heres-whats-in-the-debt-ceiling-deal-2/?

Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right

WASHINGTON (AP) — The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy.

https://apnews.com/article/debt-ceiling-deal-biden-mccarthy-default-1187360a5aabdc4a58fd13be260540dc

Biden and GOP rush to finalize debt ceiling deal, shore up support to prevent default

WASHINGTON (AP) — With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy on Sunday were finalizing a deal to raise the nation’s debt ceiling while trying to ensure enough Republican and Democratic votes to pass the measure in the coming week.

https://apnews.com/article/debt-limit-deal-biden-mccarthy-default-01657c829be119850cd65ab9ffb0626a

What’s next on the debt ceiling: Selling the plan and making a deal into a law

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have announced an “ agreement in principle ” to raise the nation’s debt ceiling and avoid a potentially catastrophic default.

https://apnews.com/article/debt-limit-whats-next-mccarthy-biden-default-c9e5f6dbd2054bba01318ce6b6b629bd

Debt ceiling tests Speaker McCarthy as he rides breezily through high-wire act of his career

WASHINGTON (AP) — One morning amid the debt ceiling crisis, House Speaker Kevin McCarthy climbed onto his mountain bike and took a ride along the National Mall, marveling at the monuments.

https://apnews.com/article/debt-limit-speaker-mccarthy-biden-51c358b700d9588ea5122ea402b819dd

Debt ceiling deal: What’s in, what’s out of the agreement to avert US default

WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation’s borrowing authority and avoid a federal default.

https://apnews.com/article/debt-ceiling-deal-food-aid-student-loans-3c284b01d95f8e193bca8d873386400e

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Party leaders sell divergent realities on debt ceiling deal

The White House and House GOP are each performing careful balancing acts as they race to sell their debt ceiling deal to lawmakers as a decisive victory — without alienating the other side.

Why it matters: The bill will almost certainly require substantial support from members in both parties to pass and avert a potentially catastrophic default on U.S. debt by June 5.

https://www.axios.com/2023/05/28/debt-ceiling-deal-mccarthy-democrats-spin?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Facing backlash, McCarthy hunts for GOP votes for debt limit deal in time to prevent US default

WASHINGTON (AP) — Under fire from conservatives, House Speaker Kevin McCarthy worked furiously Tuesday to sell fellow Republicans on the debt ceiling and budget deal he negotiated with President Joe Biden and win approval in time to avert a potentially disastrous U.S. default.

https://apnews.com/article/debt-limit-biden-mccarthy-house-votes-c8484d7fcd1e38fa593e5dc79c910747?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approval

WASHINGTON (AP) — Under fire from conservatives, House Speaker Kevin McCarthy worked furiously Tuesday to sell fellow Republicans on the debt ceiling and budget deal he negotiated with President Joe Biden and win approval in time to avert a potentially disastrous U.S. default.

https://apnews.com/article/debt-limit-biden-mccarthy-house-votes-c8484d7fcd1e38fa593e5dc79c910747?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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McCarthy rallies support for debt deal amid hints of mutiny

Speaker Kevin McCarthy hunkered down in a mostly desolate Capitol building on Monday to build support for his debt limit compromise, dogged by claims of promises he made to become speaker.

https://www.politico.com/news/2023/05/29/mccarthy-debt-deal-biden-00099175?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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McCarthy overcomes Rules rebellion over debt deal

Once conservative Rep. Thomas Massie announced that he would vote in favor of the rule, the conservative effort to tank the measure in committee lost steam.

https://www.politico.com/news/2023/05/30/debt-ceiling-deal-house-rules-committee-republicans-00099245?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Dems Try Not to Rub Debt Deal in GOP Colleagues’ Faces—Yet

Democrats are trying to restrain themselves from gloating about the debt limit deal. At least until the bill passes.

https://www.thedailybeast.com/dems-try-not-to-rub-debt-deal-in-gop-colleagues-facesyet?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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Debt limit deal hits turbulence in Congress as leaders prep for vote

WASHINGTON — Congress began moving the bipartisan debt limit package forward Tuesday, though frustrations with provisions in the bill could make for narrow passage in the U.S. House and U.S. Senate.

https://floridaphoenix.com/2023/05/30/debt-limit-deal-hits-turbulence-in-congress-as-leaders-prep-for-vote/?

New work requirements for some SNAP recipients included in debt limit deal

WASHINGTON — The holiday weekend debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy preserves in part new work requirements for some food stamp recipients but now with exceptions for certain populations, including veterans.

https://floridaphoenix.com/2023/05/30/new-work-requirements-for-some-snap-recipients-included-in-debt-limit-deal/?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate

WASHINGTON (AP) — Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent.

https://apnews.com/article/debt-limit-biden-mccarthy-house-votes-9375cce9b7526b2d0a5728f8d4a18a0a?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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The good, the bad, and the ugly of the debt ceiling deal

The deal hammered out between Joe Biden and Kevin McCarthy isn't perfect. It could have been much worse.

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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