On Monday afternoon, Secretary of the Treasury Janet Yellen once again sent a letter to House Speaker Kevin McCarthy (R-CA), cautioning him about the increasing risk of the United States defaulting on its debt unless Congress passes a bill to raise the nation’s debt limit. Even though the bill would also need President Joe Biden’s signature, Yellen has consistently directed these letters to McCarthy, despite him and House Republicans already passing a bill that raises the debt ceiling and prevents default.
Tag: Chuck Schumer
Biden’s Absence in East Palestine After Devastating Train Derailment: Two Months and Counting
Even though President Biden promised to visit East Palestine, Ohio, impacted by the toxic chemical spill, he has yet to do so.
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.