The date acknowledges one hard deadline: funding for some surface transportation programs would lapse at the end of the month if Congress does not approve the infrastructure bill, which would refresh the money for five years.
Progressives already considered that figure a compromise. Sen. Joe Manchin, D-W.V., has said he will not back an investment of more than $1.5 trillion. The success of the negotiations will shape whether Congress can pass both a refresh of transportation, broadband and utilities, and what could be the biggest expansion of federal benefits in decades.
It would offset spending by increasing taxes on corporations and the wealthiest Americans, among other revenue measures. The party will likely have to scale back parts of the plan to win over Manchin and other lawmakers who have called to cut the $3.5 trillion price tag.
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Biden calls out Republicans for refusing to help raise debt ceilingPres. Biden delivers remarks on debt ceiling: “Republicans in Congress raised the debt three times when Donald Trump was president and, each time, with Democratic support. But now, they won’t raise it.” How about we LOWER the limit instead? Stop spending. So it's all Trumps agenda and non of that debt is corona vaccine research and stimulus checks, Roger that!
Source: ABC - 🏆 471. / 51 Read more »
McConnell reactivates his connection to Biden — with a sharp debt warningBiden and McConnell have long bragged about their close working relationship. Now, at perhaps the most critical time, they're not even trying to negotiate. At a certain point, even a youngster like Joe Biden gets tired of holding his hand out in an effort to work with MoscowMitch Now it's time to put the gloves up. Biden's agenda has the support of 70% of Americans but he's supposed to negotiate on Grim Reaper Mitch's level...so basically he should add 10 new SCOTUS justices. .This is bullsh*t. When MConnell lies about the debt ceiling, and every other damn thing he lies about, it isn't 'both sides'. You should be ashamed of yourselves for suggesting 'both sides'.
Source: politico - 🏆 381. / 59 Read more »
Biden calls for Senate to vote on debt limit increase this weekPresident Joe Biden called Monday for a Senate vote this week on raising the country's debt limit, saying opposition from Republicans could create 'a self-inflicted wound that takes our economy over a cliff.” There's only an 'alarming price-tag' on Dem initiatives, not on GOP initiatives. GOP only does tax-cuts for the rich, which is as far as their imaginations take them, and they don't care what those cost! Republican politicians are protecting their billionaire owners interests. They definitely ain’t protecting us non-billionaires Asking for greater taxes and nobody is working is how to destroy a nation and currently the Democrats are doing that.
Source: YahooNews - 🏆 380. / 59 Read more »
Biden says he can't guarantee debt ceiling lift due to 'hypocritical, dangerous and disgraceful' GOP oppositionPresident Joe Biden on Monday said he couldn't guarantee the debt ceiling would be raised in two weeks as he slammed Republicans for opposing efforts to keep the nation from being unable to pay its debts for the first time in its history. No one wants to bring up the fact that the Fed is a foreign owned private bank printing debt as money. Truth hurts so will getting rid of GOP for a party that loves it's country not attacks it January 6 insurrectionist seditious republican party Worst reaction time (no reaction from you yet) ever for a developing worldwide event. Facebook is down everywhere. Where is CNN?
Source: cnnbrk - 🏆 393. / 55 Read more »
Biden: ‘I can’t’ guarantee U.S. won't hit debt limitBiden said Monday that he could not guarantee that the federal government will not default on debt payments due later this month. “I don't believe that. But can I guarantee it? If I could, I would, but I can't,” the president said. Hey Politico - its called Honesty Not something you guys would be familiar with Actually, he said it's up to McConnell and that he didn't think it would come to that but couldn't guarantee it. He said if he could, he would. Hmm...maybe the guy who said all media outlets are trying to help Republicans crash the whole country is right?
Source: politico - 🏆 381. / 59 Read more »