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Biden’s team reports ‘progress’ in debt ceiling talks with president

Biden’s team reports ‘progress’ in debt ceiling talks with president

© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on the economy from an auditorium on the White House campus in Washington, U.S. January 12, 2023. REUTERS/Jonathan Ernst By Jeff Mason HIROSHIMA, Japan (Reuters) -Democratic negotiators told President Joe Biden on Friday that they are making “steady progress” in talks with Republicans aimed at…

Democratic senators urge Biden to use 14th Amendment to avoid debt default

Democratic senators urge Biden to use 14th Amendment to avoid debt default

© Reuters. FILE PHOTO: Democratic 2020 U.S. presidential candidates Senator Elizabeth Warren and Senator Bernie Sanders talk before the tenth Democratic 2020 presidential debate at the Gaillard Center in Charleston, South Carolina, U.S. February 25, 2020. REUTERS/Jo WASHINGTON (Reuters) -A group of U.S. Senate Democrats called on President Joe Biden to prepare to invoke the…

American Patriots nailed Putin’s hypersonic Kinzhal missile. The world has changed

American Patriots nailed Putin’s hypersonic Kinzhal missile. The world has changed

There’s much excitement around the world following the events of Monday night, in which Ukrainian air defences armed with US-made weapons reportedly neutralised a heavy Russian missile attack against Kyiv.In particular the attack apparently included six KH-47M2 Kinzhal (“Dagger”) air-launched missiles, which are often described as “hypersonic”, frequently with the added assertion that there is…

Biden, McCarthy hopeful on debt ceiling deal, US president cuts Asia trip short

Biden, McCarthy hopeful on debt ceiling deal, US president cuts Asia trip short

© Reuters. FILE PHOTO: U.S. President Joe Biden hosts debt limit talks with House Speaker Kevin McCarthy (R-CA) and other Congressional leaders in the Oval Office at the White House in Washington, U.S., May 9, 2023. REUTERS/Kevin Lamarque/File Photo By Nandita Bose and David Morgan WASHINGTON (Reuters) -Democratic President Joe Biden and top congressional Republican…

The GOP proposal to raise the debt ceiling would force Americans on Social Security and Medicare to wait longer to receive help and make college more expensive, the White House says

The GOP proposal to raise the debt ceiling would force Americans on Social Security and Medicare to wait longer to receive help and make college more expensive, the White House says

The Biden administration is sounding the alarm over Republicans’ hopes to enact far-reaching spending cuts, saying that the contours of the GOP’s plans would result in a 30% slash to a slew of popular federal programs.In a memo, Shalanda Young, director of the Office of Management and Budget, breaks down the math on Republicans’ desired funding…

Kevin McCarthy says he is still ‘far apart’ on a debt ceiling solution with Biden, warning they need a deal by the end of this week to avoid an economic catastrophe

Kevin McCarthy says he is still ‘far apart’ on a debt ceiling solution with Biden, warning they need a deal by the end of this week to avoid an economic catastrophe

Speaker of the House Kevin McCarthy isn’t inspiring confidence that the US can avoid an unprecedented and catastrophic default on its debt.Last week, President Joe Biden met with McCarthy and the three other top lawmakers in Congress to come to an agreement on raising the debt ceiling before the US defaults, which Treasury Secretary Janet…