Since President Joe Biden took office in January, the national debt has increased by $1.2 trillion. Legislation enacted since the Democrats took complete control of Washington will add at least another $2 trillion to deficits — and this does not include the gimmick-ridden Build Back Better plan being negotiated in the Senate…
Trump and Congressional Leaders Reach Sweeping Budget Agreement…
White House and congressional leaders on Monday clinched a sweeping fiscal deal to lift the nation’s debt limit and dramatically raise federal spending levels. The agreement, negotiated by Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin, is expected to clear both chambers before the August recess — alleviating pressure ahead of a slew of high-stakes […]
McConnell: Congress Will Eventually Raise the Debt Ceiling…
Congress will raise the nation’s debt ceiling, as the United States will never be allowed to default on its debts, Senate Majority Leader Mitch McConnell said, adding that reaching a deal between President Donald Trump and House Speaker Nancy Pelosi would be the best option to prevent chaos and the potential of shutdowns. The deal, […]
Why Democrats Are Delighted With The Republican Spending Bill…
Why were Democrats unable to hide their enthusiasm for the latest Omnibus spending bill proposed by House Republicans? Simple: because, as the Washington Examiner’s Philip Klein writes, “Dems basically got everything. It’s like they control House, Senate, & WH rather than the other way around”…
Stockman: “After March 15 Everything Will Grind To A Halt”…
“I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be […]
What Will Trump Do About The Fed, The Debt Ceiling, And Trade: His Key Economic Advisor Explains…
David Malpass, a Trump economic advisor, has been tasked with overseeing the transition for the Treasury Department and economic policy. Last month, Malpass addressed a group of economists and reporters in Washington, laying out the Trump’s economic vision ahead of his election…