Page 32 - Debt Ceiling Increase News Today

Going to give him some help here. but unlike the speakers vote, this is only one shot. you cant pass this 15 or 16 times. thats the difference here. when youre looking a at those specific examples from the ethanol concerns, you can come up with three or four for each of those. so this is a challenge. the first big challenge for kevin mccarthy. its not going to come into law. its not going to because of the senate and president biden, so that takes off some pressure, but these votes are used in p...

Stamp cuts for green energy tax credits, which are broadly popular in among americans among their voters for a proposal that is not going to go anywhere in the senate, which is controlled by democrats. and so they think that mccarthy is beholden to his conservative base, which got him in there. um by you know the skin of his teeth and that this is not the proposal that they want. its not like these moderate republicans want to are there, not in bidens camp of wanting a total clean increase. they...

I will say, katie, mccarthy plan doesnt specify spendin cuts where he would cut becaus republicans havent been abl to really coalesce around that taking us back to 2022 levels. which you heard schumer sa there would cause a lot of the presidents priorities. including things they were abl to pass an inflation rate -- that has a lot to do with gree energy, of course, als workplace credits. and all of these initiatives o the president is frankly running on this is no chance of making it onto the fl...

Dr. Richard Wolff, professor of economics from University of Massachusetts told Sputnik The Democrats need money the way the Republican Party needs it, they cannot bite the hand that feeds them, blaming corporations and the rich that they do not want to pay taxes.

Debated and discussed every single time that there is a debt ceiling increase is needed. but what we as an americans need to do we have to recognise the biden administration and democrats spent trillions of dollars increasing inflationary pressures across our country. republicans are saying, this is a chance to say enough is enough and begin to address those increase costs at our grocery stores in our gas pumps and all throughout our economy. ronnie, you mentioned it is a foregone conclusion tal...

Before. why threaten default? >> harris: biden is demanding that congress needs to up the debt limit without -- karl rove points out senator biden voted doing that ten times when he was senator and senator biden claimed to champion compromise. i dont think weve seen much of that. he is a different fellow. senator. >> so here is whats going to happen. im fully in kevin mccarthys camp of trying to get some fiscal controls to raise the debt ceiling. kevin is doing the right thing. i bet you if you ...

Out between president biden and house republicans. this as controversy is brewing over biden administration plan to make home buyers, wait for it, with good credit scores pay more for their mortgages to subsidize buyers with riskier credit. rich edson is live at the white house. i say it like that, i think most people find it hard to believe. >> yeah, new proposal on that front, a number of economic stories coming out, sandra. first start with the debt ceiling increase and the white house dismis...

Negotiate a debt ceiling increase. highlighting a comment from former president trump. >> he said, quote, i cant imagine anybody ever even thinking about using the debt ceiling as a negotiating wedge. i guess he didnt know the new maga republicans he bred. >> reporter: president biden is skipping town to deliver a speech in maryland. hes giving americas debt the southern border treatment, ignore it and hope that it goes away. >> reporter: meanwhile, house speaker kevin mccarthy today raising the...

Possible. but youtu ar you ae going to hae a list of demands. well all two hundredta and twenty two republicans stay strong and say no debt ceiling increase unless we get a, b , meet d, is that going to happen? >> thats exactly why werwith s meeting in t a conference tomorrow. it has to otherwise wee cantg get there. i call it a three pronged plan.e were going to limit, save and grow. were going to limit the amounto that governmenint can spend gois in the future. what well do is it just the next...

Security that has been their line of messaging here. and the longer that you wait to put a budget proposal on you can expect the white house and democrats to continue to lean into that message and the unpredictability the quicksand of mccarthys position highlighted yet again yesterday when jorge santos pathological liar who is a member of the house conference, but whose vote mccarthy needed to be speaker back in the beginning, announced even though most republicans want him to go away yesterday,...