The GOP knows it wants to threaten to trigger a global financial crisis unless President Biden gives them something. But they don’t actually know what that thing is. EricLevitz writes
cutting entitlements or defense would require slashing discretionary spending on everything else by 85 percent, the New YorkSuch draconian spending reductions would upend myriad services that Republican constituencies rely on and countless projects that bring investment and jobs to red districts.
Complicating matters further, if McCarthy wanted to tie a debt-ceiling hike to a partisan austerity bill and then pass it through the House, he would have virtually no margin for error. The GOP has a scant five-vote majority in the chamber, and three House Republicans are so delusional and/or nihilistic that they have“under any circumstances.” Which is to say: These lawmakers officially see forcing the United States into default as an end in itself.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All GOP senators, Manchin challenge Biden's ESG climate investment rule 'politicizing' Americans' 401KsSen. Joe Manchin joined every GOP senator in introducing legislation that would kill President Biden's ESG rule that would affect the retirement savings of 152 million Americans.
Read more »
GOP leadership pushes Biden to speed up end of COVID-19 health emergencyHouse Republicans will push forward on Wednesday to pass another end of COVID-19 public health emergency legislation after claiming Mr. Biden caved to their pressure campaign to declare the pandemic over.
Read more »
Hunter Biden demands investigations and retractions, opening new front against GOP foesHis legal team is going on the offensive, calling for state and federal investigations into the dissemination of material from his laptop.
Read more »
In the GOP’s crisis, Rick Scott tries to pass the buck to BidenTo hear Rick Scott tell it, Joe Biden is “the one who wants to raise the debt ceiling.” In reality, it's a national priority, not a presidential wish.
Read more »
Speaker McCarthy plants GOP flag at debt talks with BidenHouse Speaker Kevin McCarthy met with President Biden on Wednesday for one-on-one talks over raising the U.S. debt ceiling, a faceoff that marked a sea change in Washington as Republicans grabbed a seat at the negotiating table.
Read more »
Dems, GOP want McCarthy’s debt for spending cuts deal, not Biden’sVoters overwhelmingly support the House Republican leader’s demand that any increase in the national debt come with spending cuts, a blow to President Joe Biden’s unlimited spending plan.
Read more »