Tag: debt ceiling
America Downgraded
One of the most damaging bipartisan beliefs in Washington is that the debt is a second-order problem and entitlement spending is not in need of reform.
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The Logic Behind Biden’s Refusal to Negotiate the Debt-Ceiling
President Joe Biden has already made the most important domestic-policy decision he’ll likely face this year. Biden and his top advisers have repeatedly indicated that they will reject demands from the new GOP majority in the House of Representatives to link increasing the debt ceiling with cutting federal spending. Instead, Biden is insisting that Congress pass a clean debt-ceiling increase, with no conditions attached.
Biden’s refusal to negotiate with
Marco Rubio and Kelly O’Donnell Q&A
Despite the whirlwind in Washington this week, Marco Rubio isn’t worried—at least for his own party. As of now, Democrats have reached a deal to stave off a government shutdown until December, but they still need to prevent another crisis: a first-ever default on the national debt. Rubio is among the Senate Republicans who blocked efforts to raise the debt ceiling, effectively forcing Democrats to make the move on their own. “If you’re going to make a decision to ram
Jeffrey Goldberg and Nancy Pelosi Q&A
Nancy Pelosi is juggling a series of looming deadlines. House Democrats must avoid a government shutdown and federal default, and they need to reach a consensus on advancing President Biden’s agenda through two different bills. This week, Pelosi announced that she would move to vote on the $1 trillion infrastructure bill on Thursday, even as progressives vowed not to support it unless a $3.5 trillion spending bill also passes. But despite the bind that Democrats are in, the House Speaker