Within the debt ceiling debate and negotiations between President Joe Biden and the Republican-led House of Representatives, both sides were entrenched and firmly resistant to budging on the issue of work requirements to qualify for social benefits. Changes, however, were made to welfare work requirements. And as was the case with the broader Fiscal Responsibility…
Republicans Win Welfare Work Requirements in Debt Ceiling Battle
June 2, 2023
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Debt-Ceiling Bill Faces Challenge of Getting Enough Bipartisan Support
May 30, 2023
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With President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) agreeing to a deal to raise America’s debt ceiling, the tough task ahead will now be to secure enough support from both parties to get the bill passed. McCarthy and Biden announced their debt-ceiling bill on Saturday. Both have praised the deal, calling it a…
The Continuing Relevance of ‘Li’l Abner’
Commentary What’s $4 trillion among friends? Just a sop to distract Leviathan for a short while. He’ll snaffle it down and then take a brief nap before waking up and demanding another snack. This time it was a $4 trillion nip and tuck to the federal debt. For decades, the people Americans have elected to…
Trump Town Hall Did Not Go Well for CNN
May 16, 2023
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The first town hall ahead of the 2024 election gave another boost to former President and 2024 hopeful Donald Trump and another blow to a desperate mainstream news network. CNN’s ratings have struggled since Trump left office, and Biden’s presidency has been lackluster. As a result, CNN has been in a panic mode in an…
Debt Default Could Occur in Early June, Think Tank Warns, as Biden, McCarthy Standoff Continues
May 9, 2023
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The Bipartisan Policy Center (BPC) reported that the U.S. government would likely default on its payment obligations sometime between early June and early August if changes aren’t made. The group’s May 2023 debt-limit analysis report, which was released on May 9, cited pressure from a decline in tax revenue as the support for their conclusion…
Experts Warn That the US Is Close to Disaster on Debt Ceiling
March 8, 2023
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Economists and experts warned a Senate committee hearing this week that the U.S. government is close to disaster on the federal debt ceiling. The Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy conducted a hearing on Mar. 7 titled: “The Federal Debt Limit and its Economic and Financial Consequences,” with five expert…
US Could Default by Summer If Debt Ceiling Deal Not Reached
February 16, 2023
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The Congressional Budget Office warned that America could default on its debt sometime over the summer if the President and House Republicans don’t agree on the debt ceiling soon. “If the debt limit remains unchanged, the government’s ability to borrow using extraordinary measures will be exhausted between July and September 2023,” Phillip L. Swagel, a…
US Could Default by Summer If Debt Ceiling Deal Not Reached: CBO
February 16, 2023
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The Congressional Budget Office warned that America could default on its debt sometime over the summer if the President and House Republicans don’t agree on the debt ceiling soon. “If the debt limit remains unchanged, the government’s ability to borrow using extraordinary measures will be exhausted between July and September 2023,” Phillip L. Swagel, a…
Biden Administration Wants Credit Card Late Fees Slashed to $8
February 1, 2023
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The Biden administration wants credit card late fees to be slashed to $8 and for Apple and Google to reduce the amount they charge on their mobile app stores. White House officials stated that this is part of a larger policy effort to promote competition in consumer markets. President Joe Biden’s Competition Council announced on…
Voters Overwhelmingly Concerned About National Debt, $1.7 Trillion Omnibus Is ‘Disaster for Our Country’
January 12, 2023
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American voters are concerned about the country’s national debt, which has ballooned over the past decade, with many expressing worries about the $1.7 trillion spending bill that President Joe Biden signed into law last month, according to a recent survey by Rasmussen Reports. When asked how worried they were about the U.S. national debt, which…
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