The arrangement revealed by House Speaker Kevin McCarthy (R-Calif.) that would raise the debt ceiling for two years in advance of a possible federal government default has been criticized by some members of the House Freedom Caucus as not going far enough.
Category: Economy
Joe Biden Driving More Companies to Bankruptcy
U.S. corporations are experiencing a surge in bankruptcy filings, reaching the highest rate since 2010. Despite the S&P recently hitting 2023 high, this bankruptcy crisis indicates a tightening credit squeeze due to rising interest rates and limited access to financial markets for all but the most creditworthy borrowers.
Biden’s Plan to Raise Debt Ceiling Without GOP Support
President Joe Biden claims he can increase the debt ceiling without Republican approval by invoking his authority under the 14th Amendment.
Pause On Debt Ceiling Talks: Democrats Unreasonable
On Friday, a key negotiator on the debt ceiling for House Speaker Kevin McCarthy expressed the need to pause talks as negotiations with the White House hit a sudden impasse at the Capitol.
Democrats Discussing Using the 14th Amendment to Bypass Congress on the Debt Ceiling
Senate Democrats want President Joe Biden to use the 14th Amendment to bypass Congress and raise the country’s borrowing ceiling without negotiating in good faith. This would almost certainly lead to a Constitutional crisis.
Is America Becoming Nonchalant About Inflation?
During the mid-term elections, Americans were preoccupied with inflation. A Gallup poll indicated one in five respondents deemed it the nation’s most pressing issue. Fast forward to today, America’s r focus is elsewhere. Inflation currently falls behind government leadership and the “economy in general” and just ahead of immigration and firearms; only 9% of Gallup respondents now cite inflation as the most significant problem. Inflation was scarcely mentioned in the debate in Washington over raising the debt ceiling.
Did McCarthy Foil Biden’s Evil Plans By Passing The Limit, Save, Grow Act?
House Speaker Kevin McCarthy has passed a debt ceiling bill, ending weeks of debate and placing the ball squarely in Joe Biden’s court.
Biden’s Attack On Middle-Class American Wallets Continue, Congress Now Penalizing People With Decent Or Good Credit Scores.
Under a new Biden administration rule, homeowners with good credit would pay higher mortgage rates to subsidize loans to people with less credit. GOP Representative Michael Lawler of New York told Newsweek that the new rule unfairly penalizes Americans for having good credit and rewards those who accrue debt and don’t pay their bills with cheaper loans.
As Consumers Pay More For Everything, Crazy Biden Is Finding News Ways To Hurt The Wallets Of Average Americans
On Wednesday, President Joe Biden announced plans to require that two-thirds of all new car sales in the United States by 2032 be electric vehicles and to impose the “strictest-ever” emissions restrictions on gasoline-powered vehicles. As with much of Biden’s green agenda, the proposals will lead to an increase in costs for the average American while boosting profits for Democratic megadonors.
Biden Comes Under Assault for Rising Gas Prices
According to AAA, the average nationwide price for a gallon of normal gasoline is $3.56, up from $3.49 a week ago and $3.41 a month ago. Gasoline prices in the United States have continued to soar this week, reaching their highest level in months.
