Showing posts with label debt ceiling. Show all posts
Showing posts with label debt ceiling. Show all posts

Thursday, July 24, 2025

Two Conservatives Debate: Is the Big, Beautiful Bill a Disaster? (John Donvan; Open to Debate

As President Trump signs the One Big, Beautiful Bill Act into law, not all conservatives are behind it. 

This sweeping budget reconciliation package revives key elements of the 2017 Tax Cuts and Jobs Act, overhauls spending on Medicaid, green energy, and immigration, and raises the debt ceiling by $5 trillion. Supporters call it a bold push for economic growth and renewed American leadership, crediting it with preserving Trump-era tax cuts and encouraging investment. But not everyone on the right is convinced. In this episode, we're not asking what Democrats think—we already know. Two conservatives. One controversial bill. Where do they align, and where do they draw the line? With two House Republicans voting "no" and the Congressional Budget Office projecting a $2.8 trillion increase to the deficit over the next decade, some on the right are raising concerns about fiscal responsibility and long-term consequences. So, is the Big, Beautiful Bill a strategic investment in America's future—or a step too far for limited-government conservatives? Arguing Yes: Jessica Riedl, Senior Fellow at the Manhattan Institute. Arguing No: Diana Furchtgott-Roth, Director of the Center for Energy, Climate, and Environment and the Herbert and Joyce Morgan Fellow in Energy and Environmental Policy at The Heritage Foundation. Emmy award-winning journalist John Donvan moderates.

 

Thursday, June 12, 2025

Rand Paul says "incredibly petty" White House rescinded picnic invite over budget bill opposition - CBS News

"I think I'm the first senator in the history of the United States to be uninvited to the White House picnic," Paul told reporters. 

"Every Democrat will be invited, every Republican will be invited, but I will be the only one disallowed to come on the grounds of the White House."… "I just find this incredibly petty," Paul said. "The level of immaturity is beyond words."


 

Sunday, December 29, 2024

Janet Yellen issues warning to Congress as US nears debt limit

The federal debt currently stands at roughly $36tn – which ballooned across Republican and Democratic administrations. And the spike in inflation after the coronavirus pandemic pushed up government borrowing costs such that debt service next year will exceed spending on national security. 

Republicans, who will have full control of the White House, House and Senate in the new year, have big plans to extend Trump's 2017 tax cuts and other priorities but debate over how to pay for them...

Sunday, December 22, 2024

US Senate approves funding proposal that does not include Trump’s demand to raise debt limit

Passage of the funding bill, which extends federal funding at current levels through and adds $100bn in disaster aid and $10bn in assistance to farmers, capped a week of turmoil that offered a preview of the internal clashes to come when Trump returns to power on 20 January… 

Hakeem Jeffries, the Democratic leader, called the House's passage of the government funding bill "a victory for the American people". In the House vote, Democrats provided more support than Republicans to advance the measure. 

"The House Democrats have successfully stopped extreme MAGA Republicans from shutting down the government, crashing the economy and hurting the working class Americans all across the nation," he said…

Friday, December 20, 2024

US funding plan collapses as Trump makes demands days before shutdown

Trump made an almost unrealistic proposal that combined some continuation of government funds along with a much more controversial provision to raise the country's debt limit – something his own party routinely rejects. "Anything else is a betrayal of our country," they wrote...

Lawrence: Trump has realized how Joe Biden boxed him in on the debt ceiling

Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why. - The New York Times

As he prepares to push an agenda of tax cuts and border security, Mr. Trump fears that a debt limit fight next year could interfere. His plans are expected to cost trillions of dollars, much of which will most likely need to come from borrowed funds. A drawn-out debt limit fight next year could force Mr. Trump and Republicans to bow to the demands of Democrats and could consume the congressional calendar. 

"This is a nasty TRAP set in place by the Radical Left Democrats!" Mr. Trump wrote on social medial on Wednesday night...

4 takeaways from the Republican government shutdown mess - The Washington Post

Perhaps most striking is how solicitous Republicans are acting toward Musk. Johnson went on Fox News on Wednesday morning and gamely tried to assure they were on the same page. Sen. Marsha Blackburn (R-Tennessee) and Rep. Dan Crenshaw (R-Texas) tweeted pleadingly at Musk suggesting he misunderstood the details (Crenshaw qualified this with an "I love you Elon.") And by Thursday morning, Sen. Rand Paul (R-Kentucky) and others were pitching Musk as a potential House speaker...


Tuesday, June 27, 2023

Senate, House Republicans on collision course over defense spending

Republican defense hawks on the Senate Appropriations Committee vented their frustration with the allocations for the Defense Department set by Senate Democrats and House Republicans, which represents an increase of more than 3 percent over current spending levels…

Monday, June 12, 2023

With debt ceiling debate over, House GOP unveils new tax cut bills - The Washington Post

"It's Republican clockwork. Not even a week after their manufactured default crisis and it is back to tax cuts for the wealthy and well-connected," charged Rep. Richard E. Neal (D-Mass.), the top Democrat on the Ways and Means Committee. The congressman also faulted the GOP for trying to repeal clean energy-focused policies at a moment when "Americans are sheltering inside to avoid the fallout of climate-spurred wildfires."


Sunday, June 4, 2023

Biden praises passage of debt ceiling bill in Oval Office address ahead of signing it

"No one got everything they wanted, but the American people got what they needed," Biden said. "We averted an economic crisis, an economic collapse. We're cutting spending and bringing the deficits down at the same time. We're protecting important priorities – from Social Security to Medicare to veterans to our transformational investments in infrastructure and clean energy."…







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