Sen. Joe Manchin (D-W. Va.) on Monday went against party leadership and suggested that Democrats should use the reconciliation process to raise the debt limit as Republicans double down on their commitment to vote against any increase to government spending. Republicans, upset with Democrats’ partisan bills, have demanded that Democrats use the partisan reconciliation process…
Manchin Says Dems Should Use Reconciliation to Raise Debt Limit, Countering Biden
Manchin Says Democrats Should Use Reconciliation to Raise Debt Limit, Countering Biden
Sen. Joe Manchin (D-W. Va.) on Monday went against party leadership and suggested that Democrats should use the reconciliation process to raise the debt limit as Republicans double down on their commitment to vote against any increase to government spending. Republicans, upset with Democrats’ partisan bills, have demanded that Democrats use the partisan reconciliation process…
Biden Blames Republicans in Address on Debt Ceiling
President Joe Biden in a speech Monday urged Congress to raise the country’s debt ceiling to avoid defaulting on the money it owes for the first time ever. “Defaulting on the debt would lead to a self-inflicted wound that takes our economy over a cliff,” he said in a White House live stream from the…
Debt Ceiling Fears
Commentary Fears over a technical default have sent Treasury yields higher this week as investors and money managers reduce uncertainty from their portfolios. While the United States has never defaulted on its debts and is unlikely to anytime soon, the recent decline in bond prices and rise in Treasury yields indicates the market believes it…
Senate Passes Bill to Avert Shutdown in Bipartisan Vote
On Thursday, Senate Republicans joined with Democrats to pass a stopgap bill to fund the government through December, averting a government shutdown set to begin in the early hours of Friday morning. However, the bill fails to address the debt ceiling, which Republicans have said they will not vote to raise. On Monday, Republicans showed…
Congress Passes Bill to Avert Shutdown in Bipartisan Vote
On Thursday, Senate Republicans joined with Democrats to pass a stopgap bill to fund the government through December, averting a government shutdown set to begin in the early hours of Friday morning. The House later aligned with the Senate, voting 254–175 to avert a government shutdown. However, the bill fails to address the debt ceiling,…
NTD Evening News Full Broadcast (Sept. 28)
The U.S. is nearing a government shutdown this week as Congress is at a stalemate over raising the debt ceiling, an outspoken U.S. Marine Corps officer awaits trial in a military confinement facility, and a witness speaks up about a video that went viral last week.
Democrats Suggest Giving President, Treasury Power to Raise Debt Limit
After a Tuesday meeting of the Democratic caucus, Speaker of the House Nancy Pelosi (D-Calif.) spent much of the press conference discussing the debt ceiling. As Republicans continue to block Democratic efforts to raise the debt limit, Pelosi indicated that members of her caucus are already looking for ways to avoid the challenge in the…
Republicans Won’t Vote to Raise Debt Limit Given Democrats’ Partisan Budget Plans: McConnell
Senate Republicans will not vote to raise the debt limit at this time because of Democrat plans to spend trillions of dollars, Senate Minority Leader Mitch McConnell (R-Ky.) and other Republican leaders said Wednesday. The House of Representatives voted this week along party lines to pass a bill that includes suspending the debt limit until…
US National Debt Default Would Wipe out Millions of Jobs, Moody’s Warns
A U.S. default on the national debt would be a “catastrophic blow” to the country’s economic recovery from COVID-19 that could lead to recession territory, said Moody’s Analytics in a new report as other analysts issued similarly dire predictions. Bond credit rating firm Moody’s, in a report (pdf) on Tuesday, said that if the United States…
US News
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