“Voters have a message for Kevin McCarthy,” said one critic of the House speaker’s proposed fiscal commission: “Hands off Social Security and Medicare!” As House Republicans advance a budget proposal that one leading critic warns would “destroy Social Security as we know it,” a survey published Wednesday showed U.S. voters overwhelmingly oppose the creation of the fiscal […]
“Everything I’ve heard about it, it’s a prescription for trouble,” the Senate Finance Committee chair said of the House speaker’s debt reduction panel. U.S. Sen. Ron Wyden on Friday warned that House Speaker Kevin McCarthy’s commission tasked with reducing the nation’s growing debt is a “prescription for trouble” that will likely result in the slashing […]
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 […]
“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 […]