Yellen Sounds Alarm on Possible June 1 Default If Biden, Congress Fail to Pass Debt Limit Bill
Treasury Secretary Janet Yellen projected Monday that the U.S. could run out of cash to pay its bills as early as June 1.
Treasury Secretary Janet Yellen projected Monday that the U.S. could run out of cash to pay its bills as early as June 1.
Senate Majority Leader Chuck Schumer doubled down on his rejection of House Republicans’ debt limit bill Monday, accusing the GOP of risking default and vowing to hold Senate hearings to “expose the true impact” of the legislation.
House Speaker Kevin McCarthy (R-CA) told reporters Monday that President Joe Biden has not contacted him about negotiating on the debt ceiling after the House passed legislation to raise the debt limit.
Several Democrats continue to call on President Joe Biden to negotiate the debt ceiling with Speaker Kevin McCarthy (R-CA) following the passage of the House GOP-led bill to raise the cap last week.
Rep. Scott Perry (R-FL) said during a press conference call on Sunday that “heads need to roll” over the Biden administration’s lie that the Republican debt ceiling plan would cut veterans’ care.
House Speaker Kevin McCarthy told Breitbart News exclusively that House Republicans have already changed the way Washington works in their short time in the majority during a long form video interview in the Speaker’s ceremonial office in the U.S. Capitol.
Stephen Moore, the cofounder of the Committee to Unleash Prosperity, saluted Speaker Kevin McCarthy (R-CA) on Breitbart News Saturday, saying he crafted a “very good” bill.
David Bahnsen, chief investment officer at The Bahnsen Group, discussed House Speaker Kevin McCarthy’s (R-CA) debt ceiling success earlier in the week and said President Joe Biden “will have to” negotiate with Republicans as a result.
Two House Democrats are urging President Joe Biden to negotiate with Speaker Kevin McCarthy on the debt ceiling following the passage of the House GOP-led bill to raise the cap this past week.
Rep. Lance Gooden (R-TX) said Senate Majority Leader Chuck Schumer is in a weak position to cobble together his own debt ceiling plan as moderate Senate Republicans “are very comfortable” backing the House GOP’s conditions around raising the debt ceiling.
The Biden administration has shown a lack of willingness to negotiate with congressional Republicans on handling the fast-approaching debt ceiling limit. According to Rep. Barry Moore (R-AL), a member of the House Freedom Caucus, it was a show of “arrogance” by the Democrats and the Biden administration.
Sen. Joe Manchin (D-WV), who is up for reelection in a red state, urged President Joe Biden on Thursday to meet with Speaker Kevin McCarthy (R-CA) after the House GOP passed legislation to lift the debt ceiling through early next year.
On Thursday’s broadcast of CBS’s “Red & Blue,” Senior Adviser to President Joe Biden Gene Sperling defended President Biden’s refusal to negotiate with Republicans over the debt limit by stating that no one has “the right to say that we
On Thursday’s broadcast of C-SPAN’s “Washington Journal,” Rep. Gwen Moore (D-WI) acknowledged that the stricter Medicaid work requirements in the House Republican debt ceiling bill “would save a lot of money,” having these work requirements “forces” people to work and
President Joe Biden was caught off guard by House Speaker Kevin McCarthy’s (R-CA) success in getting a debt ceiling bill passed through the House, according to Politico.
During an interview with NewsNation on Thursday, House Speaker Rep. Kevin McCarthy (R-CA) noted that then-House Speaker Rep. Nancy Pelosi (D-CA) tied fiscal and spending talks to raising the debt limit in 2019 and refused to pass a clean debt
White House press secretary Karine Jean-Pierre slammed House Republicans on Thursday for not avoiding default by raising the debt limit after House Republicans passed a bill on Wednesday to raise the debt limit to avoid default.
House Republicans have ramped up pressure on President Joe Biden and Senate Majority Leader Chuck Schumer (D-NY) to work with the GOP on reducing government spending now that the House has passed a debt limit package.
On Wednesday’s broadcast of C-SPAN’s “Washington Journal,” Rep. Adriano Espaillat (D-NY) stated that the Medicaid work requirements in the House Republican debt ceiling bill are “part of the past” and “somewhat ludicrous and I think a bit aggressive,” and also
On Wednesday’s broadcast of the Fox News Channel’s “Hannity,” House Speaker Rep. Kevin McCarthy (R-CA) stated that President Joe Biden is acting like people are going to starve and be deprived if the federal government goes to the funding levels
On Wednesday’s broadcast of CNN’s “Situation Room,” Mitch Landrieu, a Senior Adviser to President Joe Biden, reacted to House Republicans passing a bill to raise the debt ceiling by stating that we can’t hold the economy hostage over the debt
House Republicans passed a bill to raise the debt limit through early next year while deeply reducing government spending, setting up a contentious standoff with Democrats as the bill heads to the Senate.
President Joe Biden faced pressure Wednesday to negotiate the debt ceiling with House Republicans as the bill finalized in the chamber.
The House advanced on Wednesday the rules package for the Republican debt ceiling bill, which serves as the last major procedural hurdle before the bill’s planned vote for Wednesday night.
House Speaker Kevin McCarthy (R-CA) and other top House Republicans raced Tuesday to lock down votes for a legislative package that would raise the debt ceiling while cutting spending that they believe will strengthen their negotiating position with Democrats as a standoff looms later this year.
On Tuesday’s broadcast of NBC’s “MTP Daily,” Rep. James Clyburn (D-SC) stated that he’s “sure” President Joe Biden will invite House Speaker Rep. Kevin McCarthy (R-CA) to iron out a deal on the debt ceiling “when he thinks it’s the
On Tuesday’s broadcast of CNBC’s “Squawk Box,” Rep. Jake Auchincloss (D-MA) responded to then-House Speaker Rep. Nancy Pelosi (D-CA) tying budget negotiations and debt ceiling negotiations together in 2019 by arguing that Republicans should just raise the debt limit. After
On Tuesday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Biden 2024 Co-Chair Sen. Chris Coons (D-DE) responded to a question on concerns about President Joe Biden’s age by stating that people should “watch how he conducts himself in negotiations with members
The White House is threatening to veto the only legislation currently moving through Congress — led by House Republicans — that would raise the debt ceiling.
On Monday’s “Fox News Rundown” podcast, House Majority Chief Deputy Whip Rep. Guy Reschenthaler (R-PA) noted that President Joe Biden rejected debt ceiling increases without fiscal changes in the past, but since then, “his party has moved drastically to the
House Majority Whip Tom Emmer (R-MN) is confident Republicans’ sweeping bill to reduce spending will pass the House when it comes up for a vote and says that any votes against it would work to “empower” Democrats.
Rep. Andy Biggs (R-AZ) told Breitbart News in an exclusive interview on Monday that Speaker Kevin McCarthy (R-CA) is “pretty close” to passing the bill.
Rep. Andy Ogles (R-TN) plans to vote for the House’s proposed debt ceiling bill and credits House Speaker Kevin McCarthy (R-CA) with working with Republicans to build consensus around it.
The National Republican Congressional Committee (NRCC) called on vulnerable House Democrats to tell President Joe Biden to negotiate with Speaker Kevin McCarthy (R-CA) about a potential deal to raise the debt ceiling.
During a portion of an interview with NPR released on Thursday, White House Chief of Staff Jeff Zients said that House Speaker Rep. Kevin McCarthy’s (R-CA) proposal to claw back unspent COVID relief funds as part of a package of
White House Chief of Staff Jeff Zients says President Joe Biden won’t negotiate over spending cuts in exchange for raising the debt ceiling with Republicans in Congress.
Rep. Ralph Norman (R-SC) told Breitbart News in an exclusive interview on Thursday that the Republican debt ceiling is a “step in the right direction.”
Democrats are increasingly fretting about President Joe Biden’s refusal to negotiate with Speaker Kevin McCarthy (R-CA) as the debt ceiling looms ever closer.
Sen. Joe Manchin (D-WV), who is up for reelection in a red state, slammed President Joe Biden’s “deficiency of leadership” while praising House Speaker Kevin McCarthy (R-CA) for proposing a debt ceiling plan.
During an interview with CBS News on Wednesday, Office of Management and Budget Director Shalanda Young responded to a push by House Republicans to claw back unspent COVID money in exchange for raising the debt ceiling by stating that the unspent