What’s Inside McCarthy’s Debt Ceiling Deal With Biden
After months-long standoff, Speaker Kevin McCarthy and President Joe Biden reached a final deal to raise the debt ceiling, which now heads for vote in Congress.
House Freedom Caucus Republicans Sound Alarm on Debt Ceiling Agreement
Some members of House Freedom Caucus said deal announced by McCarthy to raise debt ceiling for 2 years ahead of possible government default doesn’t go far enough.
McCarthy Confident He Can Win Enough Votes for Tentative Debt Ceiling Deal
Speaker of the House Kevin McCarthy said he’s confident he can garner the votes for a tentative debt ceiling deal between Republicans and President Joe Biden.
IN-DEPTH: Dangerous Global Shift From Dollar Driven by CCP and US Policy, Experts Say
Experts warn that the CCP and US policymakers are undermining the US dollar’s global reserve status, with potentially catastrophic implications for Americans
Yellen Sounds Alarm on Default in New Warning to McCarthy on Debt Ceiling Deadlock
Janet Yellen issued renewed warning to McCarthy and congress reiterating that country could run out of money to pay its debt obligations as early as June 1.
Debt ceiling deadlock centers on 2024 spending levels
White House and House Republican negotiators are at stalemate over capping spending levels in the 2024 budget. Deadlock resulted in pause in debt ceiling talks.
Recession Odds Rise to Highest in 40 Years: Fed
Odds that U.S. will fall into a recession over the next 12 months have risen to a 40-year high, according to a probability model from the NY Federal Reserve.
Yellen Warns ‘Constitutional Crisis’ Could Come Next Month
Janet Yellen will not rule out possibility of declaring debt ceiling unconstitutional if Congress can't resolve standoff, but “no good options” on the table.
PacWest Shares Fall More Than 55 Percent in After-Hours Trading as It Seeks Rescue
PacWest Bancorp shares fell more than 55 percent in after-hours trading following news that company executives were considering a potential sale.
Hawley Blasts Biden Interior Secretary For Claims of ‘Too Many’ American Jobs, Selling Out...
Sen Josh Hawley questioned Sec Deb Haaland about prioritizing Biden Admin’s radical climate agenda over retaining blue-collar jobs and American energy security.
JPMorgan Buys First Republic, After Regulators Seize Beleaguered Bank
First Republic Bank has been seized by the Federal Deposit Insurance Corp. (FDIC), which announced that the beleaguered bank is being bought by JPMorgan Chase.
Chart of the Day: GOP Debt Ceiling Strategy – Skilled Negotiations or a Giveaway?
Federal debt ceiling was raised in December of 2021 by $2.5 trillion to $31.381 trillion, which is expected to last until January 19, 2023, according to Yellen.
