Economy - Loyal Conservatives

Progress! New Legislation To Prevent China From Procuring U.S. Farmland

A congresswoman from Texas has introduced a bill to restrict the purchase of farmland in the United States by hostile foreign powers, particularly China. On June 9, House Committee on Ways and Means member Rep. Beth Van Duyne (R-Texas) introduced the bill. The Protecting American Farmland Act (H.R.3996) seeks to change the Internal Revenue Code to prevent ‘country of concern’ buyers from concealing their acquisitions of U.S. farmland to avoid paying the 60 percent exercise …

The Resolution of the Debt Ceiling Crisis, Results in Huge Implications for Student Loan Borrowers

Student loan payments were paused for three years due to COVID-19. However, with the recent bill addressing the country’s debt ceiling crisis, these payments are now scheduled to resume. The provision in the bill specifies that student loan protocols will return to normal “60 days after June 30, 2023,” as stated in the Fiscal Responsibility Act, making August 29 the resumption date.

Debt Ceiling Agreement: House Freedom Caucus Republicans Weigh In

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.

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.