President Joe Biden “should not give in to hostage-taking,” said one economist. After meeting with congressional leaders earlier this week as the U.S. barrels toward a catastrophic debt default, President Joe Biden said that “we should be cutting spending,” a remark that fueled concerns among progressives that the White House is preparing to cede to […]
One progressive critic said the GOP bill is “a reflection of just how totally controlled by the fringes of his caucus McCarthy is.” Far-right House Republicans are reportedly “thrilled” with the debt ceiling legislation that Speaker Kevin McCarthy unveiled earlier this week. That’s likely because, according to Rep. Matt Gaetz (R-Fla.), McCarthy (R-Calif.) simply “picked up the […]
Corporate profits hit a record $2 trillion in the second quarter. Meanwhile, many workers are unable to afford a $400 emergency payment. A new report out Monday shows that 59% of U.S. consumers were living paycheck to paycheck last month and many were unable to afford an emergency expense of $400—all while the country’s corporations enjoy […]
“I know it is shocking to some Republicans that the government actually on occasion does something to benefit working families and low-income people,” said the Vermont senator. Sen. Bernie Sanders on Sunday mocked the GOP over its sustained meltdown in the wake of President Joe Biden’s plan for student debt cancellation, noting that he never hears […]