Speaker of the House Nancy Pelosi (D-Calif.) on Sunday released a “Dear Colleague” letter addressing ongoing tensions between Republicans and Democrats over raising the debt ceiling, urging Congress to ‘come together’ to raise the debt limit. The current battle over the debt ceiling began in August, when Senate Republicans, unhappy with Democratic spending, signed a…
Nancy Pelosi Urges Congress to ‘Come Together’ to End Debt Ceiling Crisis
Debt Ceiling Will Not Be in $3.5 Trillion Budget: Pelosi
Speaker of the House Nancy Pelosi (D-Calif.) said in a press conference today that Democrats will not be adding provisions to increase the debt ceiling to Sen. Sanders’ (I-Vt.) $3.5 trillion budget. This announcement came as tensions between Democrats and Republicans over raising the debt ceiling have been brewing since the beginning of August. Republicans,…
Pelosi May Add Debt Ceiling Raise to Infrastructure, Budget Bill
As Democrats prepare for an upcoming legal battle over raising the debt ceiling later this month, Speaker of the House Nancy Pelosi (D-Calif.) is looking at attaching a limit increase to the Senate-passed infrastructure bill or Sen. Sanders’ (I-Vt.) $3.5 trillion budget resolution. The debt ceiling, the federal government’s borrowing limit, can only be raised…
Political Battle Shaping Up in Washington Over Debt Ceiling
News Analysis Even as Republicans and Democrats came together Tuesday to pass the Infrastructure Investment and Jobs Act, a political battle between the two is shaping up in Washington—this time over raising the debt ceiling. The debt ceiling, the federal government’s borrowing limit, can only be raised through congressional action. Should Congress fail to raise…
Hell No to a Debt Ceiling Increase
Commentary Sometimes, when you go into a store with expensive merchandise on the shelves, you will see a sign that reads, “You break it, you buy it.” That’s a good slogan for the Republicans as they continue to battle the left’s economically catastrophic quest to bankrupt our country by authorizing some $6 trillion of new…
Yellen Details ‘Extraordinary Measures’ to Raise Cash as Debt Ceiling Hits
August 3, 2021
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Treasury Secretary Janet Yellen on Monday announced a series of so-called “extraordinary measures” the department is taking to give the federal government more room to spend under a reimposed debt cap. Yellen detailed the emergency maneuvers—chiefly pausing investments in certain government employee pension funds—in an Aug. 2 letter to congressional leaders that came as a two-year suspension…
US Treasury to Hit Debt Ceiling by November: Congressional Budget Office
July 21, 2021
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The Congressional Budget Office (CBO) said on Wednesday that the U.S. Treasury Department is projected to exhaust its debt limit by October or November, as Democrats seek to raise that limit for trillions more in funding. Republicans say they oppose the move. As of June 30, an additional $6.5 trillion had been borrowed, bringing total federal debt…
McConnell Predicts No GOP Backing for Debt Ceiling Hike, Says Democrats Should Instead Use Reconciliation
Senate Minority Leader Mitch McConnell (R-Ky.) predicted on Tuesday that no Republicans would back a bill to raise the federal debt ceiling, and instead called for Democrats to include such a measure in a reconciliation package and pass it in what would almost certainly be a party-line vote. “I can’t imagine a single Republican in…
NTD Business Full Broadcast (June 24)
Questions about anti-virus pioneer John McAfee’s death in a Spanish prison. It seems to be a suicide, right after a Spanish judge declared he could be extradited to the US. New York state is ending the cocktails take-out program that’s been popular with restaurants and diners.
Yellen Pleads With Congress to Raise Debt Ceiling or Risk ‘Unthinkable’ Default
Treasury Secretary Janet Yellen on Wednesday pleaded with lawmakers to raise the federal debt ceiling to stave off an “unthinkable” first-ever default on U.S. debt obligations that could spark a financial crisis. Yellen made the remarks in testimony before a Senate Appropriations subcommittee, urging lawmakers to raise the legal cap on how much the federal…
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