Treasury Secretary Janet L. Yellen urged Congress to raise the nation’s statutory debt limit to a level that would not be reached until after the 2024 election, thereby neutralizing the ability of Republicans to prevent the U.S. from paying its bills to gain Democratic concessions.
Category: Economy
Dirty Dems Attempt To Lock In A Big Aid Package Before Mid-term Elections
There are concerns about a possible shift in U.S. backing of Ukraine after the midterm elections, as a growing number of Republicans are wary of supporting Ukraine indefinitely. During the lame-duck session, lawmakers are considering a plan to lock in Ukraine assistance.
The Definition Of Recession Is Being Wrongfully Redefined Under Biden
An economic advisor to President Biden has proposed a definition of recession and stated that important sectors “have not been flashing red.”
Trump Takes Aim at Biden, Newsom, and the Democrats
Under Democrats, Trump claims, “once-great cities are drenched in blood.”
Former President Donald Trump campaigned for numerous Republican candidates at an event in northern Nevada on Saturday night.
Big Changes To The IRS If Republicans Take Control
Three Republicans running for chairman of the House Ways and Means Committee, which oversees tax and trade policy in the House, each that that shedding light on the IRS’s conduct and policies is a top priority.
Biden’s Student Loan Forgiveness to Face Legal Challenges
The Biden administration and Republican opponents of broad student debt forgiveness face a judicial clash weeks before the November midterms.
Biden Celebrates as the Dow Slips and Inflation Rises
On Tuesday, while August inflation remained uncomfortably high, President Biden stated that he was “celebrating” the passage of the Inflation Reduction Act, drawing criticism from politicians and conservatives. Biden attended a ceremony at the White House to celebrate the passing of the Inflation Reduction Act, and he was joined by congressional allies and legendary singer/songwriter James Taylor. The Inflation Reduction Act is Biden and congressional Democrats’ most ambitious effort to date to rein in rising prices before the November elections.
Get Ready to Pay More for Your Burger
If you think inflation is a problem, you might be paying up to 20% more for fast food if you live in California. It was 21 Democrats who passed the bill through the California Senate on Monday. The bill establishes a government panel that will set wages for an estimated half-million fast food workers, a first-in-the-nation effort to regulate the workplace.
How The Inflation Reduction Act May Affect Your Taxes
It is noteworthy that lawmakers claim that the IRA does not raise taxes on small businesses. But that doesn’t mean entrepreneurs aren’t affected by the law. A few key changes you should keep an eye out for are listed below.
Reconciliation Bill to Remove Carried Interest Tax Provision
Senator Kyrsten Sinema announced Thursday that she would support the Democrats’ social spending and tax bill after previously holding out on the deal that Sen. Joe Manchin and Senate Majority Leader Chuck Schumer.
