Category: U.S. Debt Limit

‘Unsustainable’ Health and Retirement Spending Will Hurt Government Finances: Tax Policy Center

June 29, 2023
Business & Marketseconomic policieseconomyPolicies & ImpactsTax Policy CenterU.S. Debt LimitUSUS News
0 Comment

The Tax Policy Center has criticized the recently passed bipartisan debt deal for failing to cut down government spending in health care and Social Security programs, warning that the country’s finances could go haywire in the future without reforms in these categories. “This budget agreement failed to touch the major items of spending growth, health…

Read More

Rep. Gaetz Shoots Down Talk of Removing Speaker McCarthy Over Debt Negotiations

May 23, 2023
congressExecutive Branchhouse freedom caucusHouse Speaker Kevin McCarthyPoliticsRep. Bob Good (R-Va.)Rep. Matt GaetzRepublicansU.S. Debt LimitUS
0 Comment

Representative Matt Gaetz (R-Fla.) is shooting down suggestions of a rift within the body of House Republicans that could lead to House Speaker Kevin McCarthy (R-Calif.) losing control of the gavel over his debt ceiling negotiations. In an interview with the Washington Examiner on Monday, Gaetz said he has “no plans” to unseat McCarthy. While…

Read More

Debt Ceiling Negotiations Stall as House GOP Blames White House’s Lack of Concessions

May 19, 2023
ArchivedHouse Majority Leader Kevin McCarthyNewspresident joe bidenSecretary of the Treasury Janet YellenU.S. Debt LimitUSUS News
0 Comment

Top Republicans negotating a debt ceiling solution with the White House discontinued talks, signifying at least a temporary breakdown in the reconciliation process. After a meeting with White House officials in the Capitol, Republicans said they were leaving because the two sides were still too far apart to continue the in-person debate. Republican lawmakers asserted that…

Read More

Delaying Nation’s Debt-Limit Increase Only Makes Matters Worse, Warns Elon Musk

May 8, 2023
Business & Marketsdebt ceilingeconomic policieseconomyPolicies & ImpactsPoliticsU.S. Debt LimitUS
0 Comment

Industrialist Elon Musk stated that delaying the raising of America’s debt ceiling will only make consequences worse, as the United States is only a few weeks away from breaching the limit. “In the end, all debts must be paid, just a question of when. Later makes it worse,” Musk posted in a May 8 tweet….

Read More

Former Vice President Calls for Biden to Meet With House Speaker for Debt Ceiling Talks

April 25, 2023
budget proposalBusiness & Marketscongresseconomic policieseconomyExecutive BranchJoe BidenKevin McCarthyPolicies & ImpactsPoliticsU.S. Debt LimitUS
0 Comment

Former Vice President Mike Pence attacked President Joe Biden for his unwillingness to negotiate with House Republicans over the lapsed debt ceiling talks. Pence called it “unconscionable” that the president would refuse to meet with Speaker Kevin McCarthy (R-Calif.) over the Federal debt. “We have an obligation to uphold the full faith and credit of American currency. The Constitution…

Read More

White House Rules Out Negotiating With GOP Over Debt Ceiling Spending Cut Proposal

April 22, 2023
Biden administraitonbudget proposalBusiness & MarketscongressDemocratseconomic policieseconomyExecutive BranchKevin McCarthyPolicies & ImpactsPoliticsRepublicansU.S. Debt LimitUS
0 Comment

White House chief of staff Jeff Zients said the Biden administration would not negotiate with GOP over its debt ceiling spending cut proposal. The administration is insisting that talks over raising the U.S. debt limit be kept separate from talks about federal spending. Zients told NPR White House correspondent Asma Khalid, in an April 20 interview, that…

Read More