WASHINGTON — U.S. President Joe Biden said Sunday that opposition Republicans in the House of Representatives must move away from their “extreme position” on government spending in order to reach a deal with Democrats to raise the country’s borrowing limit before it runs out of cash to pay its bills. The government could come up short […]
“We don’t need to give in to Republican extortion or default,” the House progressives asserted. “The Constitution grants the president another option.” After GOP House negotiators bailed on U.S. debt ceiling talks on Friday, around two-thirds of the Congressional Progressive Caucus urged President Joe Biden to “invoke his constitutional authority granted in the 14th Amendment” in order […]
U.S. President Joe Biden, House Speaker Kevin McCarthy and other top congressional leaders appeared no closer Tuesday to a deal aimed at reaching agreement on raising the country’s debt ceiling so the government can borrow more to pay its existing obligations. The impasse comes amid dire warnings from the U.S. Treasury that a default could […]
“MAGA Republicans don’t give a damn about the deficit, and today’s estimate of the cost of kickbacks for their friends and donors is further proof,” said Senate Budget Committee Chair Sheldon Whitehouse. While congressional Republicans hold the global economy hostage by refusing to raise the U.S. debt ceiling without major spending cuts that would hurt the working […]