Debt Ceiling

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…

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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…

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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…

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Bernie Sanders Opposes Calls to Eliminate Debt Ceiling as GOP Prepares to Fight Over Spending Cuts

Sen. Bernie Sanders (I-VT), chair of the Senate Budget Committee, has said he opposes calls to eliminate America’s debt ceiling but insists that he supports raising it. “You have to increase the debt ceiling,” Sanders insisted while speaking on CNN’s “State of the Union.” Sanders confirmed “yes, yes,” when asked…

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