Tag: debt ceiling

Janet Yellen Trashes GOP Debt Ceiling Plan as “Recipe for Economic and Financial Catastrophe”

This differs greatly from how the term was used in the early twentieth century, as part of the Black struggle and calls for greater political and social consciousness. Since then, the term “staying woke” has come to refer to a broader awareness of one’s place within a system; some people have even used it in […]

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White House brands Freedom Caucus deficit plan as ‘tax breaks for the super wealthy’

White House brands Freedom Caucus deficit plan as ‘tax breaks for the super wealthy’ | The Hill Skip to content The podium in the White House briefing room. (Brendan Smialowski/Agence France-Presse — Getty Images) The White House branded the House Freedom Caucus’ deficit plan as “tax breaks for the super wealthy and wasteful spending for […]

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House Republicans’ Crazy Caucus Responds to Biden’s Budget With an Utterly Unserious Proposal

The law grinds slowly. Politics, however, like Niagara Falls, never stops. So what are the politics of this? It likely has a marginally positive impact for Trump in a GOP presidential primary. It gives him another target, something else to whine about. I doubt his opponents will really be able to attack him over it; […]

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Five takeaways from Biden’s $6.8 trillion budget 

Five takeaways from Biden’s $6.8 trillion budget  | The Hill Skip to content President Biden on Thursday unveiled his long-awaited budget request for fiscal 2024, setting the stage for what is expected to be a challenging, high-stakes spending battle over the coming months.   Much of the ambitious proposal faces a tough chance getting past the […]

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Biden to go on offensive against Republicans over budget fight in Virginia speech

Biden to go on offensive against Republicans over budget fight in Virginia speech | The Hill Skip to content AP Photo/Andrew Harnik President Joe Biden walks over to speak to reporters before he boards Marine One on the South Lawn of the White House, Friday, Feb. 24, 2023, for travel to Wilmington, Del. President Biden […]

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Debt Ceiling Politics Threaten the Power of the U.S. Dollar

The question for investors is not whether the U.S. can pay its debts, but whether it has the political will to do so; as such, a default on debts by the U.S. would differ from that of a developing country without the financial capacity to fulfill its obligations. “It’s really a political game, or political […]

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These Four Experts Are Very Concerned That the Republicans Will Breach the Debt Ceiling

As Trump’s Big Lie festers among the Republican Party and political norms continue to erode, we at The New Republic are pretty concerned about the future of small “d” democracy, both in the U.S. and abroad. So we’ve started a series we’ve termed Democracy Watch, wherein we will regularly survey experts, writers, and generally interesting […]

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Biden Gets Republicans To Promise They Won’t Cut Medicare or Social Security During State of the Union

Boebert said a similar line last June, and specified the noted Bible verse she was referencing, Psalm 109:8, which reads, “Let his days be few; and let another take his office.” The following line of the verse reads, “Let his children be fatherless, And his wife a widow.” The surrounding lines call for “evil to […]

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Five questions for Biden’s State of the Union address

Five questions for Biden’s State of the Union address | The Hill Skip to content Greg Nash President Biden walks over to talk with reporters before heading towards Marine One on the South Lawn of the White House in Washington, D.C., on Friday, January 27, 2023. Biden will spend the weekend in Camp David in […]

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The Only Debt Ceiling Deal Is No Deal at All

Still, I think a lot could have gone wrong with the way Democrats messaged around a defense of democracy. When Biden trotted out “ultra MAGA” some months ago, I worried he was more likely to energize the opposition than rally his own troops. But more recently, I heard one of Pennsylvania Governor-elect Josh Shapiro’s final […]

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Biden bashes Republicans in presidential campaign-style rally in Philadelphia

Biden bashes Republicans in presidential campaign-style rally in Philadelphia | The Hill Skip to content President Joe Biden speaks at the Democratic National Committee Winter Meeting, Friday, Feb. 3, 2023, in Philadelphia. (AP Photo/Patrick Semansky) President Biden on Friday evening slammed Republicans at a Democratic National Committee event in Philadelphia that appeared very much like […]

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Matt Gaetz’s Brilliant Idea for the Debt Ceiling Crisis: Medicaid Work Requirements

Arrington went on to attack a government program that hasn’t even happened. “There’s a whole of government assault for all the world to see on an industry: American energy,” he lamented. “And it’s being replaced with this Green New Deal—hundreds of billions of dollars in subsidies, tax credits, grants,” Arrington continued, horrified at the idea […]

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This Parliamentary Maneuver Will Not Save Us From a Debt Ceiling Breach

Beyond the cumbersome process, a discharge petition is unlikely to be used because, like McCarthy, moderate Republicans also want spending cuts to be attached to a debt limit increase and are thus unlikely to agree to an end run around him. (I don’t know anything about football, to be honest, so I’m just winging my […]

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