WASHINGTON—Top Senate Republicans said the GOP may line up against any effort to raise the government’s borrowing limit this year, adding to the uncertainty surrounding how Congress will address the issue after the limit is reinstated next month.
Senate Minority Whip John Thune said at a press conference Wednesday that Democratic plans to advance President Biden’s $4 trillion agenda could prompt Republicans to oppose a debt-limit increase, echoing comments Senate Minority Leader Mitch McConnell made earlier to the media outlet Punchbowl News.
“I don’t think there’s a single Republican senator who views increasing the debt limit so that Democrats can expand government and spend massive amounts as something they in the end would want to support,” Mr. Thune said. The Republican comments drew criticism from Democrats, who cast them as a hypocritical ploy that could trouble financial markets. While debt has soared since the start of the pandemic, deficits were rising for several years before that, in part because of two bipartisan budget deals that lifted government spending, and the 2017 GOP tax cuts, which constrained federal revenue.
“We have Covid debt, we have Trump debt, we’ve got a double standard, and we want to make it clear nobody is going to hold the American economy hostage, period, full stop,” said Sen. Ron Wyden .
Guns aren't dangerous. The government is.
TIME TO SHUTDOWN & DOWNSIZE the BLOATED BUREAUCRACY.
The party of 'no' sure seem to think it 'knows' what it is doing. 2022 is just around the corner. Every meaningful bill that will pass will be without one Trumpican vote. Pretty risky strategy if they are looking to expand their base.
You mean the debt ceiling they say didn't exist from 2016-2020? Gotcha 👍
maybe they shouldn't have cut taxes then
But trillions in tax cuts for the wealthy didn’t damage the financial stability? Raise rates on the wealthy and get rid of the codes that allow income to be sheltered! The wealthy might then pay their fair share.
Total obstructionist
Rescind the $2 trillion GOPTaxScam. Problem solved. GOP
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GOP refusal to raise debt ceiling could leave U.S. unable to pay some accounts'The leader's statements on debt ceiling are shameless, cynical and totally political,' said Senate Majority Leader Check Schumer. Chuck* ThAt like getting more credit cards when you’re broke claiming it’s going to improve your credit They shouldn’t raise the debt ceiling, but to be fair, it is incredibly hypocritical that they had no qualms about it when Trump was in office. It was wrong then and it is wrong now. Funny how they only do the right thing when they lose.
Source: Newsweek - 🏆 468. / 52 Read more »
Cuba protests ignite 2024 GOP primaryIn the days after the historic uprisings, Cuba has emerged as a central focus among Republican presidential contenders who have elevated the calls for democracy on the island to a top-tier issue in the 2024 shadow primary As if tiny Cuba is any kind of threat to anyone, exporting all those doctors! 🤦♀️ Come on Floridians, you surely can’t want Desantis to continue as your governor. Wake up he’s a bad dude and a virus spreader.
Source: politico - 🏆 381. / 59 Read more »
Jan. 6 commission collapses after Nancy Pelosi vetoes GOP selections Jim Jordan, Jim Banks'I agree with what the speaker has done.' Rep. Cheney addresses media after House Speaker Nancy Pelosi rejects Reps. Jim Banks and Jim Jordan for the select committee investigating the Jan. 6 assault on the U.S. Capitol. LynnFors I still disagree with about 90% of what Liz Cheney believes in. But that 10% where she remembers country over party is magnificent. 😂 It's like picking your own mother as a judge and jury. Pelosi is involved which makes the whole thing a shitshow. Is it a secret what outcome Pelosi wants?😂 It's a charade!
Source: ABC - 🏆 471. / 51 Read more »
POLITICO Playbook: ‘Reckless tax and spending spree’: The GOP battle plan takes shapeChuck Schumer wanted today to be the GOP’s moment to put up or shut up on the bipartisan infrastructure deal. But based on our conversations with sources involved Tuesday night, it probably won’t be. Playbook has the details 👇 I hope Republicans read this before they vote on an infrastructure bill on Weds. We are still chugging along on old trains most of which I can go faster than on my bike. America's infrastructure is slipping into 3rd world territory compared to China's. The GQP is stalling, not going to agree to anything and D's are waiting time 😡 MoscowMitch is playing the D's like fool's
Source: politico - 🏆 381. / 59 Read more »
McCarthy threatens to boycott House Jan. 6 committee after Pelosi rejects two of his GOP picksPelosi rejects two Republicans for Jan. 6 committee. Republicans say they will not participate unless she reverses the decision.
Source: latimes - 🏆 11. / 82 Read more »