Debt Ceiling Archives

Lindsey Graham Slams Biden’s Limited Defense Budget in Debt Ceiling Deal: ‘Biggest Winner Is China’

Republican Sen. Lindsey Graham (R-SC) has slammed the limited spending proposed in President Joe Biden's U.S. defense budget as part of the tentative debt ceiling deal. Graham issued a warning to Republican House Speaker Kevin McCarthy (R-CA) that China would be the beneficiary of America's weak defense budget. "I respect…

McCarthy Caves to Biden, Fails to Block Funding for 87,000 New IRS Agents

Republican House Speaker Kevin McCarthy (R-CA) has failed to live up to his promise of blocking the Democrats from pumping $80 billion in taxpayer cash to the Internal Revenue Service (IRS) to fund the hiring of 87,000 new agents. In January, the House of Representatives voted 221-210 to repeal the…

Democrats Outraged as Biden Botches Debt Ceiling Negotiations: ‘Never Seen Anything Like It’

Democrats have been blasting Joe Biden as the president appears to be botching negotiations with Republicans regarding the possibility of raising the debt ceiling. Biden and Republican House Speaker Kevin McCarthy (R-CA) have yet to reach an agreement on raising the debt ceiling, despite ongoing talks. However, McCarthy did indicate…

Biden Threatens to Raise Debt Ceiling Using 14th Amendment without GOP Support

President Joe Biden has claimed that he can use the 14th Amendment to raise the debt ceiling if Republicans refuse to agree to the plan. Biden made the threat during a Sunday press conference at the Group of Seven (G-7) summit in Hiroshima, Japan. “I’m looking at the 14th Amendment…

Biden Claims He’s ‘Blameless’ If America Defaults on Debt: ‘I’ve Done My Part’

Democrat President Joe Biden has declared that he would be "blameless" in the catastrophic event that the United States defaults on the national debt. Defaulting on the debt in the coming days is becoming increasingly likely, an event that would be devastating to the U.S. economy. However, Biden claims that…

Janet Yellen Warns Catastrophic Default Will Trigger ‘Unprecedented Economic and Financial Storm’

Democrat President Joe Biden's Treasury Department Secretary Janet Yellen has warned that “time is running out” for America to avoid a catastrophic default on the national debt. Yellen is urging Congress to lift the debt ceiling to avert a default, which she warns would be devastating for the economy. According…

Biden’s Top Economic Advisor Admits Biggest Fear Among U.S Business Leaders Is ‘Catastrophic’ Debt Default

One of President Joe Biden's top economic advisors has admitted that American business leaders are becoming increasingly fearful that the federal government will default on the U.S. national debt. Lael Brainard, director of the White House National Economic Council, said Sunday that U.S. business leaders’ chief concern is the looming…

CBO: America May Default by Summer If Debt Ceiling Deal Not Reached

The Congressional Budget Office (CBO) has warned that America could default on its debt sometime over the summer. CBO Director Phillip L. Swagel warned that the federal government's borrowing power will be severely blunted if President Joe Biden and House Republicans don’t agree on the debt ceiling soon. “If the…

Kevin McCarthy Schools Reporter on National Debt after First Meeting with Biden

As the corporate media refuses to admit that Joe Biden and the Democrats have promoted reckless economic policies, Republican House Speaker Kevin McCarthy (R-CA) masterfully schooled a leftist reporter on the national debt after his first meeting with the president. On Wednesday, McCarthy had his first meeting as speaker at…

Republican Senators Push Back against Biden’s Debt Ceiling Increase: ‘Our Nation’s Fiscal Policy Is a Disaster’

Several Republican senators have warned Democrat President Joe Biden that they will not vote to raise America's debt ceiling. Two dozen GOP senators have signed a letter to Biden demanding action is taken to address the nation's spending problem. The 24 Republicans conveyed their "outright opposition to a debt-ceiling hike…