President Joe Biden met with congressional leaders on Tuesday following a three-month deadlock between the White House and Congress over the debt ceiling, which has threatened a default on the nation’s financial obligations. Following the meeting with House Speaker Kevin McCarthy and other congressional leaders, Biden told reporters that the meeting was “productive” and that…
Biden Calls Debt Ceiling Talks With Congressional Leaders ‘Productive,’ Rules Out Default
US Government Resumes Funding to Wuhan Institute of Virology Affiliated Lab
Funding is renewed for a U.S. agency that’s come under fire for working with the Wuhan Institute for Virology. We hear from some lawmakers and medical experts who are concerned about the grant money. Former President Donald Trump has been found liable in court in the assault case from writer E. Jean Carroll. Trump’s attorney called the allegations…
Debt Limit Meeting With Biden Yielded ‘No New Movement’: McCarthy
May 9, 2023
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Heading into his May 9 debt ceiling talks with House Speaker Kevin McCarthy (R-Calif.) and other congressional leaders, President Joe Biden joked, “We’re going to solve all the world’s problems.” But when the meeting was over, the world still had problems, and according to McCarthy, the national debt was very much still one of them….
Pressure for Compromise Mounts as Biden, McCarthy Resume Debt Limit Talks
May 9, 2023
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congressdebt ceilingdebt limiteconomyExecutive BranchHouse Minority Leader Hakeem JeffriesHouse Speaker Kevin McCarthyJoe BidenPoliticsSenate Majority Leader Chuck SchumerSenate Minority Leader Mitch McConnellU.S. national debtUSUS NewsWhite House
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As President Joe Biden prepared to welcome House Speaker Kevin McCarthy (R-Calif.) to the White House on May 9 to resume their debt ceiling negotiations, the pressure for the president to bend on the issue was on the rise. The meeting—which will also involve Senate Majority Leader Chuck Schumer (D-N.Y.), Senate Minority Leader Mitch McConnell…
Business Leaders Nervous Ahead of Debt-Ceiling Talk
May 9, 2023
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Ahead of today’s high-stakes meeting between President Joe Biden and congressional leaders to discuss raising the debt ceiling, U.S. business executives have issued a stern warning, urging both parties to reach an agreement. The cost of a default or even the possibility of one is too high, the group warned. “With the U.S. at risk…
Government Employees Sue Biden, Yellen to Force Override of Debt Ceiling
President Joe Biden and Treasury Secretary Janet Yellen have been sued by a union representing some 75,000 government employees demanding that the administration ignore the debt ceiling on grounds that the borrowing limit is unconstitutional. The National Association of Government Employees (NAGE), which filed the lawsuit in a federal court in Boston on Monday, argues that…
New Rule to Penalize Good Credit Borrowers, Will Reward High-Risk Individuals
The Biden administration wants airlines to compensate passengers with money, food, and hotel rooms when flights get canceled or seriously delayed. But airlines are pushing back. A new mortgage rule for home buyers is in effect. Critics say the Robin Hood-like rule forces people with good credit to pay more to support people with bad…
New Mortgage Rule to Penalize Good Credit Borrowers, Will Reward High-Risk Individuals
The Biden administration wants airlines to compensate passengers with money, food, and hotel rooms when flights get canceled or seriously delayed. But airlines are pushing back. A new mortgage rule for home buyers is in effect. Critics say the Robin Hood-like rule forces people with good credit to pay more to support people with bad…
Predictable Yearly Debt Ceiling Shenanigans Should Be a Reminder of Fiscal Responsibility
Commentary The current federal debt ceiling impasse is similar to a yearly ritual in our nation’s capital. The GOP-led House recently passed a bill that would raise the ceiling but would call for nearly $5 trillion in spending cuts over the next decade. It’s a given that this bill won’t pass muster in the Democratic-led…
Biden, McCarthy to Negotiate Debt Ceiling as Default Looms
May 8, 2023
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After months of stalled debt ceiling negotiations, President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) will meet May 9 to discuss possible paths forward to prevent a looming default. Set to take place at the White House, the summit will mark the first such meeting since Feb. 1, and will also include Senate Majority…
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