“Further evidence that this was never about the debt. It’s about squeezing families to protect billionaires.” Republican negotiators are reportedly close to securing as much as $10 billion in cuts to recently approved Internal Revenue Service funding as part of a debt ceiling deal with the White House, a development that critics said further shows the GOP’s […]
“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 […]
“It’s a centerpiece of the ransom Speaker McCarthy has cobbled together as he threatens to trigger a catastrophic default,” said Democratic Sen. Ron Wyden. The Democratic chair of the Senate Finance Committee said Wednesday that the House GOP’s newly released debt ceiling legislation shows that the often fractious right-wing caucus is unified around at least one common […]
Billionaires have seen their wealth skyrocket over the past two years, adding roughly $2.7 billion per day to their fortunes while ordinary people struggle to afford basic necessities. As the world’s corporate and political elite convened in Davos, Switzerland for the first winter World Economic Forum in three years, an analysis published Monday by Oxfam International […]