WASHINGTON — U.S. President Joe Biden and Chinese President Xi Jinping agreed earlier this week that Beijing will crack down on companies in China that produce precursor chemicals for fentanyl, an agreement that Biden said would “save lives.” In exchange, the Biden administration agreed to lift sanctions on China’s Physical Evidence Identification Center of the Ministry […]
Top White House officials and Republican lawmakers were nearing a deal Thursday evening that would raise the debt limit for two years while also limiting federal spending on all but the military and veterans, according to news reports. If the deal can be agreed upon and enacted, it would raise the government’s borrowing limit for […]
“Free advice for the speaker of the House: if you want to cut spending so bad, start and end with the Pentagon budget,” said one watchdog group. With the U.S. just 10 days away from a possible default, House Republicans are now demanding a military budget even larger than the record $858 billion that Congress authorized for […]
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 […]