Next German Government: Agreement to Kill ‘Debt Brake’ to Massively Increase Spending
Parties agree to loosen constitutional restrictions on borrowing, enabling 1 trillion euros or more on defense and infrastructure.
Debt ceiling
GOP Sen. Rounds: We’ll Need to Raise Debt Ceiling for California Fire Relief
On Monday’s broadcast of NewsNation’s “The Hill,” Sen. Mike Rounds (R-SD) stated that the debt limit will have to be raised in order to provide disaster relief to California. While discussing potential conditions on aid, Rounds stated, “I think there
Rand Paul: I Won’t Vote for Reconciliation Bill That Raises Debt Limit
On Wednesday’s broadcast of Newsmax TV’s “Rob Schmitt Tonight,” Sen. Rand Paul (R-KY) stated that he won’t vote for a large reconciliation bill on the border, taxes, and energy if it includes an increase in the debt ceiling. Paul began
Trump Endorsement Helps Mike Johnson Close Deal on Speakership Election
Speaker Mike Johnson’s (R-LA) detractors are falling in line after President-elect Donald Trump put his thumb on the scale.
Trump Slams Kevin McCarthy for Pushing to Raise Debt Ceiling: ‘One of the Dumbest Political Decisions Made’
President-elect Donald Trump criticized former House Speaker Kevin McCarthy (R-CA) for previously pushing to extend the debt ceiling until January 2025, adding that it was “one of the dumbest political decisions made in years.”
Trump Called the Debt Ceiling a ‘Meaningless Concept’ — What Is It?
During the spending fight, President-elect Donald Trump called the debt limit a “meaningless concept.” What is the debt limit?
Khanna: We’ll Vote for Clean CR, Object to Raising Debt Limit, Adding Debt Without Commitment to Not Do Tax Cuts
On Thursday’s broadcast of NewsNation’s “Cuomo,” Rep. Ro Khanna (D-CA) criticized Republicans for expecting Democrats to vote for a government spending bill that lifted the debt ceiling and added to the deficit “without making any commitment of not doing the
House Freedom Caucus Chair: Many in GOP Oppose Clean Debt Limit Hike, It’s Better to Raise It Once We’re in Power
On Thursday’s broadcast of the Fox Business Network’s “The Bottom Line,” Rep. Andy Harris (R-MD) stated that many Republicans aren’t opposed to raising the debt limit, but need spending concessions to go with it and that he believes it’s better
GOP Rep. McCormick: We Need Something, Like Reallocating FEMA’s COVID Money to Hurricanes, to Lift Debt Limit
During an interview with CBS News on Thursday, Rep. Rich McCormick (R-GA) stated that he needs “something conservative back” in exchange for raising the debt limit in the government funding bill and pointed to taking FEMA funding that is allocated
JD Vance, Speaker Johnson Had ‘Productive Conversation’ over Funding, Debt Negotiations
Vice President-elect JD Vance revealed that he and House Speaker Mike Johnson (R-LA) had a “productive conversation” regarding a recently unveiled government funding bill, according to a report.
GOP Rep. Norman: I’ll ‘Never’ Support Spending Bill with Debt Limit Increase, Need Disaster, Ag. Spending with Pay-Fors
On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Ralph Norman (R-SC) stated that a spending bill must include disaster relief funding and money for farmers, but that spending has to be totally offset by other spending cuts to programs
Exclusive — ‘Leverage’ Fight: U.S. Senator Warns that Chuck Schumer ‘Doesn’t Want to Give Up’ Debt Ceiling Increase to Trump
A U.S. Senator told Breitbart News on Wednesday evening that President-elect Donald Trump’s push to have the debt ceiling increased as part of a government funding deal this week “makes sense” from Trump’s perspective but warned it is unlikely Senate Democratic Leader Chuck Schumer would agree to such a push.
White House: Fitch Isn’t Giving Us Credit for Debt Limit Bill Resulting from ‘Terrible’ Push by GOP
During an interview with Bloomberg on Wednesday, White House Council of Economic Advisers Chair Jared Bernstein stated that the downgrade to America’s credit rating by Fitch isn’t giving credit where credit is due for legislation like the debt ceiling legislation
McCarthy Debt Deal Boosts Consumer Sentiment to Best in Four Months
Following the debt ceiling deal, consumer sentiment improved significantly.
Republican Rebels Reach Temporary Truce with McCarthy but Warn Boycott Could Resume
A handful of Republicans holding out on voting with the House majority came to an agreement with Speaker Kevin McCarthy (R-CA) on Monday, effectively ending their floor boycott for the time being.
87% of Americans Are Concerned About Inflation
Sixty-three percent say they are “very concerned” about inflation.
Dem Rep. Kilmer: Spending Reductions in Debt Bill Are ‘Progress’
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Rep. Derek Kilmer (D-WA) stated that the permitting reform provisions in the debt limit bill are positive and that the reductions in spending are “progress” on “trying to actually look at some of
Yellen: Cuts in Debt Bill, Decline in ‘Deficit Fiscal Stimulus’ Help Fed Reduce Inflation
On Wednesday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen said that the spending cuts and deficit reduction in the debt limit bill and the fact that “the deficit fiscal stimulus has declined” since the end of the coronavirus
Jeffries: Dems Who Voted Against Raising Debt Limit Didn’t Like Substance, But Were Also Objecting to ‘Hostage-Taking’
On Tuesday’s broadcast of MSNBC’s “Morning Joe,” House Minority Leader Rep. Hakeem Jeffries (D-NY) stated that the Democrats who voted against the bill to raise the debt ceiling did have some objections to the substance of the bill, but they
Jeffries: Biden ‘Found the Path’ to Avoid Default Despite GOP Trying to Take Advantage of Dems Being ‘Reasonable’ by Threatening Default
On Tuesday’s broadcast of MSNBC’s “Morning Joe,” House Minority Leader Rep. Hakeem Jeffries (D-NY) argued that despite Republicans using the threat of default to try to get “painful, deep cuts” “because we know that Democrats, President Biden, folks in the
Peter Schweizer on Debt Deal: ‘Republicans Pretty Much Gave It Away’
“The national debt is now the same size as our gross domestic product. It’s like your credit card debt being as much as your entire annual income,” Peter Schweizer says on this week’s episode of The Drill Down podcast.
Exclusive – Rep. Derrick Van Orden: Congress Steering the Fiscal ‘Aircraft Carrier’ in Right Direction with Debt Ceiling Deal
Rep. Derrick Van Orden (R-WI) said on Breitbart News Saturday that Congress is starting to steer the fiscal ship in the right direction thanks to the debt ceiling legislation.
Exclusive – Utah Mayor, Senatorial Candidate Rips Romney over Debt Deal
Following Sen. Mitt Romney’s (R-UT) decision to vote in favor of increasing the nation’s debt ceiling, the mayor of Riverton, Utah, accused the former presidential candidate, who he intends to unseat next year, of seeking the favor of Senate Majority Leader Chuck Schumer (D-NY) over the interests of America.
Ken Buck: Weak McCarthy Passed the Debt Celling Deal with Democrats
Representative Ken Buck (R-CO) said Sunday on CNN’s “State of the Union” that during the debt ceiling negotiations, Speaker Kevin McCarthy (R-CA) showed weakness by passing the debt ceiling deal with votes from Democrats.
Raskin: McCarthy Listened to Wall Street Not Extreme MAGA Republicans on Debt Ceiling Deal
Representative Jamie Raskin (D-MD) said Sunday on CNN’s “State of the Union” that during the debt ceiling negotiations, Speaker Kevin McCarthy (R-CA) listened to Wall Street and not the “MAGA extreme element within the Republican Caucus.”
Barbara Lee: Debt Bill Talks ‘Lose-Lose’ for Biden, I Couldn’t Vote for Making People Pay Loans, Decrease Spending by a Billion
During an interview aired Friday’s broadcast of “The Issue Is,” Rep. and U.S. Senate candidate Barbara Lee (D-CA) stated that negotiations over an agreement to raise the debt limit were “lose-lose” for President Joe Biden and she voted against the
Biden Adviser: It ‘Should Be Forbidden’ or ‘Against Any Norms’ to Use Debt Limit for ‘Extreme’ Policies
During an interview aired on Friday’s broadcast of “PBS NewsHour,” Senior Adviser to President Joe Biden Gene Sperling stated that it’s “very important that we think of what type of policies we could do going forward” so people don’t use
White House: Work Requirements in Debt Bill Are ‘Onerous’
On Friday’s broadcast of Bloomberg’s “Sound On,” White House Council of Economic Advisers member Heather Boushey said that it is crucial that veterans and homeless people were spared the “onerous work requirements” for SNAP benefits in the debt limit and
Biden Adviser Sperling: Resolving Debt Limit ‘with the Leadership the President Showed’ Stabilized Economy
On Friday’s broadcast of MSNBC’s “José Díaz-Balart Reports,” Senior Adviser to President Joe Biden Gene Sperling said that “being able to resolve the debt limit with the leadership the President showed” and not having a repeat of the debt limit
White House: We’ll Try to Undo Some Debt Bill Concessions in Future Bills
On Thursday’s broadcast of NPR’s “Morning Edition,” White House National Economic Council Deputy Director Bharat Ramamurti stated that the Biden administration plans to try to get some of the concessions it made in the debt limit bill back in future
Senate Votes to Approve Debt Ceiling Bill, Averting Default
The U.S. Senate voted to approve the “The Fiscal Responsibility Act of 2023,” averting a potential default on the national debt.
Coons: ‘It’ll Be Tough’ to Do Budget Process with Cuts in Debt Limit Bill
On Thursday’s broadcast of the Fox News Channel’s “America Reports,” Sen. Chris Coons (D-DE) said that the debt limit bill does push Congress to follow the appropriations process, but doing so will “be tough to do so with the reduction
Joe Manchin Once Voted Against Amendment to Expedite Mountain Valley Pipeline
Sen. Joe Manchin (D-WV) voted against an amendment to the Inflation Reduction Act that would have expedited the completion of the Mountain Valley Pipeline.
Merkley: Debt Bill Got Democrats to Vote for ‘Republican Agenda’ — Biden’s Claiming He Won by Shrinking Size of Loss
On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Sen. Jeff Merkley (D-OR) stated that the debt limit bill has “a whole series of proposals out of sync with the Democratic Party” and contains “all majors that came out of the
Merkley: I Can’t Pass Debt Limit Bill to Avoid Default Due to Impact on ‘Climate, Which Is the Biggest Issue Facing Humanity’
On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Sen. Jeff Merkley (D-OR) said that he plans to vote against the debt ceiling bill and one reason is because of the bill’s “significant impact…on fighting climate, which is the biggest issue
Poll: Americans Agree with Bipartisan McCarthy/Biden Debt Ceiling Deal
A poll shows that Americans largely support the bipartisan debt ceiling deal negotiated between Republican House Speaker Kevin McCarthy and the Biden White House.
Dem Rep. Himes: Debt Bill Does ‘Help the Fed Slow down Inflation’ — There Isn’t Anything in It ‘I Necessarily Want to Celebrate’
On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Jim Himes (D-CT) stated that while he thinks it won’t be big, the debt ceiling bill will be “deflationary,” and “is likely to help the Fed slow down inflation.” Himes also
House Votes to Raise Debt Ceiling, Sending ‘Fiscal Responsibility Act’ to Senate
The House voted by an overwhelming majority Wednesday to increase the debt limit in exchange for Republican-backed measures to rein in spending.
Dem Rep. Sherrill: Debt Limit Bill ‘Is McCarthy’s Bill’ But I’ll Vote for It to Avoid Default
On Wednesday’s broadcast of MSNBC’s “All In,” Rep. Mikie Sherrill (D-NJ) stated that the debt ceiling bill “is McCarthy’s bill” but she will vote for it to avoid a default. Host Chris Hayes asked, “Did Republicans or Democrats get more
Dem Rep. Sherman: Some Dems Are Risking a Global Recession to Block a Pipeline
On Wednesday’s broadcast of Bloomberg’s “Sound On,” Rep. Brad Sherman (D-CA) reacted to Sen. Tim Kaine’s (D-VA) plan to try to strip the approval of the Mountain Valley pipeline from the debt ceiling bill by stating that doing so risks
