“In tax cuts in 2017 passed by the other side of the aisle, we see wonderful tax cuts for yacht owners and private jets,” said Rep. Alexandria Ocasio-Cortez. “But in order to balance our budget now, we’re talking about cuts to SNAP, to food out of babies’ mouths.” Before House Speaker Kevin McCarthy opened debate […]
WASHINGTON —U.S. House Speaker Kevin McCarthy pledged Monday that the narrow Republican majority in the House of Representatives will vote to raise the country’s debt ceiling to avert a default on the government’s financial obligations in the coming months, but will also stipulate that future spending increases be capped at 1%. The White House strongly […]
The Biden administration is warning that, unless Congress takes action, the federal government could be unable to pay its bills by June. This week, the United States Treasury Department announced it would take “extraordinary measures” to avoid hitting the debt ceiling and to continue funding the government through early June. But those temporary moves only […]
“If House Republicans can’t even get it together to choose their leader, they can’t be trusted with the debt ceiling, fighting inflation, or helping families make ends meet,” said Democratic Rep. Sara Jacobs. The refusal by U.S. House Republicans to collectively get behind a speaker candidate in six rounds of voting so far this week […]