Commentary Treasury Secretary Janet Yellen’s announcement that the United States government could run out of money by early June starts the next phase of the debt ceiling dance. The score at this point is House Republicans 316 to President Joe Biden and Senator Chuck Schumer zero. The 316 is the number of pages in the…
LIVE NOW: NTD News Today (May 8): Yellen Warns of ‘Constitutional Crisis’; Lawmakers Respond To Leaked DeSantis Videos
U.S. Treasury Secretary Janet Yellen on Sunday said that a failure by Congress to act on the debt ceiling could trigger a “constitutional crisis”. Lawmakers are responding to leaked videos of Florida Governor Ron DeSantis preparing for a debate with then-president trump in 2018. Tucker Carlson’s attorney says his client will not be silenced and that…
NTD News Today (May 8): Yellen Warns of ‘Constitutional Crisis’; Lawmakers Respond To Leaked DeSantis Videos
May 8, 2023
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U.S. Treasury Secretary Janet Yellen on Sunday said that a failure by Congress to act on the debt ceiling could trigger a “constitutional crisis.” Lawmakers are responding to leaked videos of Florida Governor Ron DeSantis preparing for a debate with then-president Donald Trump in 2018. Tucker Carlson’s attorney says his client will not be silenced,…
Delaying Nation’s Debt-Limit Increase Only Makes Matters Worse, Warns Elon Musk
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….
ANALYSIS: Invoking the 14th Amendment as Plan B to Avert Debt Default?
May 8, 2023
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As the debt-ceiling standoff grinds toward the so-called X-date, when the government can no longer borrow and must rely on incoming revenue to settle its obligations, the idea of invoking the 14th Amendment as a possible way to avoid a possible debt default has come into the spotlight. Invoking the 14th Amendment—using executive power to…
43 Senate Republicans Say No to Increasing Debt Limit Without Substantive Spending Cuts
A group of 43 Republicans in the U.S. Senate on Saturday said they “oppose raising the debt ceiling without substantive spending and budget reforms,” coalescing around their House counterparts ahead of the White House meeting over the federal debt ceiling amid a monthslong political standoff. “The Senate Republican conference is united behind the House Republican…
Yellen Warns ‘Constitutional Crisis’ Could Come Next Month
Treasury Secretary Janet Yellen said she will not rule out the possibility of declaring the debt ceiling unconstitutional if Congress cannot resolve its standoff over the debt ceiling, but said there are “no good options” on the table. “There is no way to protect our financial system in our economy other than Congress doing its…
The Debt-Ceiling Crisis That Probably Isn’t
May 5, 2023
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The financial media is rife with misinformation on the debt ceiling and the jump in interest rates. However, a history review shows that the debt-ceiling issue is not only a non-crisis but also the recent rise in rates is likely an opportunity to buy bonds. Let’s start with the media scare tactics over the debt…
Speaker McCarthy’s Amazing Week
May 3, 2023
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Commentary When it took Kevin McCarthy 15 votes to become Speaker of the House, the Washington establishment concluded that he was pleasant but would be unable to get much done. The fate of the last two Republican speakers, John Boehner and Paul Ryan, seemed to hang over his head. They had not been able to…
House Democrats Quietly Deploy Plan to Force Vote on Debt Limit Increase
May 2, 2023
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Amid the continued gridlock on Capitol Hill over the debt limit ceiling, House Democrats have unveiled a clandestine scheme to force a vote on the matter. The plans, quietly set in motion in January, were revealed by House Minority Leader Hakeem Jeffries (D-N.Y.) in a May 2 letter to his Democrat colleagues. “At the beginning…
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