U.S. lawmakers are examining the details of an agreement to increase the country’s borrowing limit ahead of votes expected in the coming days, as both President Joe Biden and House Speaker Kevin McCarthy urge them to approve it. The proposal includes waiving the existing $31.4 trillion debt ceiling until January 2025 and a two-year budget […]
U.S. President Joe Biden marked the country’s Memorial Day on Monday, saying that Americans “must never forget the price” paid by military service members who were killed fighting battles abroad. “They laid down their lives to protect the idea of the United States of America, that people can live in a free democracy,” Biden said […]
“For no real reason at all, hungry people are set to lose food while tax cheats get a free pass.” Progressive economists and advocates warned that the tentative debt ceiling agreement reached Saturday by the White House and Republican leaders would needlessly gash nutrition aid, rental assistance, education programs, and more—all while making it easier for the […]
WASHINGTON — U.S. President Joe Biden and House Speaker Kevin McCarthy reached an agreement Sunday for a deal to increase the government’s borrowing limit and are urging Congress to approve the legislation to avoid a first-ever default. However, progressive Democratic lawmakers from the party’s ideological left and right-wing Republicans immediately voiced opposition Sunday to the deal […]