House Speaker Kevin McCarthy announced a deal in principle with President Joe Biden Saturday night that would stave off a first-ever default on the nation’s debt as long as it can clear both chambers of Congress before June 5. Read more»
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President Joe Biden vowed he wouldn’t negotiate with Republicans on raising the debt ceiling, demanding a clean bill without cuts to spending. As it turns out, President Joe Biden will negotiate with terrorists. Read more»
Arizona travel and tourism would likely be hit hard by a long-term breach in the nation’s debt payments if the U.S. defaults on its debt, and even a "narrow miss on default” could affect housing, senior income, military spending and all important sectors of the Arizona economy. Read more»
U.S. House members walked down the steps of the Capitol building Thursday morning to head back to their districts for a Memorial Day recess that began exactly one week before the country could default on the debt. Read more»
Republicans and Democrats in Congress brokered dozens of debt limit agreements, including several during the past decade, but House Republicans now are pushing for the federal government to spend less next year than it will this year in order for the party to move a debt limit bill. Read more»
President Joe Biden will remain in “constant contact” with debt ceiling negotiators during his shortened trip to Asia for the G7 economic summit, as Treasury Secretary Janet Yellen has repeatedly warned Congress the nation could default on its bills as early as June 1. Read more»
U.S. House Republicans have requested more than $10 billion in earmarks to be included in next year’s appropriations bills, despite demanding massive spending cuts as a contingent for raising the nation’s debt ceiling. Read more»
Unless Congress can strike a deal, the U.S. will likely default on the nation’s bills starting June 8, triggering major consequences for the economy - though Congress has only eight working days with both chambers in session before Memorial Day, and negotiations appear non-existent. Read more»
Hundreds of thousands of low-income Americans from ages 50 to 55 could face higher barriers to food assistance under the U.S. House Republican plan to cut spending while temporarily lifting the debt limit. Read more»
U.S. House Republicans unveiled a debt limit proposal Wednesday that carries along with it numerous Republican initiatives that are unlikely to get the bipartisan support necessary to clear the divided Congress and have already been rebuked by President Biden. Read more»
Updated projections show Social Security will no longer be able to pay full benefits in 2033, and Trustees are calling for action amid a tense back-and-forth between House Speaker McCarthy and President Biden over the federal budget deficit and the $31 trillion national debt. Read more»
"I’m incredibly excited for what the future holds and am honored to represent our community in Congress." — U.S. Rep. Juan Ciscomani Read more»
House Speaker Kevin McCarthy led a delegation of Republican representatives on a tour to the southern border and demanded more security - while Rep. Raúl Grijalva visited the border in Douglas to focus on the rollout of the Bipartisan Infrastructure Law. Read more»
"Because the soul of this nation is strong, because the backbone of this nation is strong, because the people of this nation are strong, the State of the Union is strong. As I stand here tonight, I have never been more optimistic about the future of America. We just have to remember who we are." — President Joe Biden Read more»
U.S. Rep. Juan Ciscomani should cruise into 2024. However, the showdown over deficits and debt ceilings illustrates the Republican "reality problem" that will dog his future until he decides to do something about it. Read more»
President Joe Biden and U.S. House Speaker Kevin McCarthy huddled behind closed doors at the White House on Wednesday in the first of what will likely be several conversations as the country approaches two fiscal cliffs this year amid divided government. Read more»