Tag: Kevin McCarthy

GOP, Democrat Leaders Speak After Debt Limit Talks With Biden

President Joe Biden meets with House Speaker Kevin McCarthy (R-Calif.) and other top congressional leaders at the White House on the nation’s debt ceiling on May 9. Exterior views of the White House will be livestreamed. …


ANALYSIS: Invoking the 14th Amendment as Plan B to Avert Debt Default?

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…


Speaker McCarthy’s Amazing Week

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…


Biden: Banking Sector ‘Safe’ Despite First Republic Failure

Another major U.S. bank has collapsed—the third in just two months. What happened to First Republic Bank, and what does the Biden administration say about the impact on taxpayers? As the GOP primary field becomes more crowded, we hear from one of the latest candidates to join the race—Larry Elder. Find out what his vision…


In Speech to Israel’s Parliament, McCarthy Announces US House-Knesset Joint Group

House Speaker Kevin McCarthy (R-Calif.) announced on May 1 a joint group between the U.S. House of Representatives and the Knesset, Israel’s parliament. “As speaker, I will continue to push for a formal inter-parliamentary group between the United States and Israel. But I will not wait to start more collaboration between the House of Representatives…


McCarthy’s Deal or Biden’s Default

Commentary As a former Speaker, I remember the feeling of going to the House floor knowing I was a few votes short of what I needed. In the 15-minute voting process we had find the undecided or opposing Republicans and convince them to help the team. So, I have great admiration for what Speaker Kevin…


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

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…


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

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…


House Republicans Urge Biden Administration to Invite Taiwan President to APEC Summit

A group of House Republicans is calling on the Biden administration to support Taiwan by inviting the island’s democratically elected president to the Asia Pacific Economic Cooperation (APEC) summit, which will be held in San Francisco in November. Rep. Lance Gooden (R-Texas) made the request in two letters to President Joe Biden (pdf) and Secretary…


International Movement to Dethrone the US Dollar Gains Steam

It has been nearly a decade since China and Russia fired the opening salvo in their quest to dismantle the U.S. dollar’s standing as the chief international reserve currency. These de-dollarization efforts have accelerated over the past 12 months, with more countries joining Beijing and Moscow’s anti-dollar crusade. As many governments attempt to undermine the…