Jennifer Shutt, Georgia Recorder U.S. House members walked down the steps of the Capitol building Thursday morning to head back to their districts for a Memorial Day recess that began exactly one week before the country could default on the debt. House Democrats took to the floor after the final …
Read More »Biden Says He’s Offered $1 Trillion In Spending Cuts But GOP Won’t Budge On Debt Limit
Jennifer Shutt, Iowa Capital Dispatch President Joe Biden said Sunday his administration has offered $1 trillion in spending cuts as part of the ongoing talks with Republicans around a budget agreement, but he said no deal has yet been reached. Biden, speaking from Japan during a press conference following the …
Read More »A Default On The U.S. Debt Would Be Far Worse Than A Government Shutdown. Here’s How.
Jennifer Shutt, Michigan Advance A U.S. default on its debt would have a significantly broader impact on federal operations, financial markets and the global economy than recent government shutdowns that have left ordinary Americans largely untouched. While the two have been confused frequently during debate over the debt limit, the …
Read More »GOP’s Desired Work Requirements For Federal Aid Would Kick Roughly 21M From Anti-Poverty Programs
Casey Quinlan, Minnesota Reformer Congressional Republicans’ efforts to slash federal spending by tying work requirements to Medicaid and SNAP would have far-reaching consequences for people with mental health issues, chronic health problems, and some people with disabilities if enacted, policy experts on anti-poverty programs say. They say the work requirements …
Read More »U.S. Risks Debt Default In Early June, Congressional Budget Office Agrees
Jennifer Shutt, Michigan Advance The federal government could default on its debt during the first two weeks of June without action on bipartisan legislation, according to the Congressional Budget Office. The nonpartisan budget scorekeeper issued an updated report Friday, warning that “if the debt limit remains unchanged, there is a significant risk …
Read More »Democratic Report On Debt Default Predicts Disrupted Benefits For Seniors, Veterans
Jennifer Shutt, New Jersey Monitor Congress’ Joint Economic Committee released a report Thursday detailing the economic repercussions of defaulting on the nation’s debt, adding fuel to the fire as Democrats pressed Republicans to address the nation’s borrowing limit without tying action to spending cuts. The report, from Democratic staff on …
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