House leaders on Wednesday canceled scheduled votes for the remainder of the week after a rebellion by around a dozen conservative Republican members jolted party unity. House Speaker Kevin McCarthy (R-Calif.) told reporters on Wednesday evening that his goal is to “try to work this out by the end of the night.” The group of…
House Leaders Cancel Votes for Rest of Week After Conservative Mini-Rebellion
[PREMIERING 7:30PM ET] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
[PREMIERING NOW] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
[Premiering 6/6, 7:30PM ET] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
Sen. Rand Paul Proposes Alternative to Debt Limit Agreement
Sen. Rand Paul (R-Ky.) introduced legislation on May 30 offering an alternative to the debt limit agreement reached by House Speaker Kevin McCarthy and President Joe Biden. Paul’s proposal would raise the debt ceiling by only $500 billion, compelling Congress to resolve America’s debt problem with a more permanent solution in the near future. In…
Rep. Bob Good Says April Jobs Numbers Won’t Fix Inflation, Government Spending
While the U.S. economy is continuing to add new jobs, Congressman Bob Good (R-Va.) sees warning signs for the economy going forward. On Friday, the U.S. Labor Department reported that the United States added 253,000 jobs in April, beating a 180,000-job forecast for the month. This comes at the same time the U.S. Federal Reserve…
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