Political News & Social Views

Tag: Debt Ceiling

Media’s Coverage of Debt Limit Fight Is Intolerably Dishonest

President Joe Biden, writes Politico’s White House Bureau Chief Jonathan Lemire, “has prioritized deal-making throughout the debt ceiling talks. But with GOP obstinate, Biden is changing tactics.”

What in the hell is he talking about, you may wonder.

Biden Has No Good Options in Debt-Ceiling Fight

Biden met with House Speaker Kevin McCarthy (R., Calif.) Monday evening to try to break the impasse. McCarthy has said a deal must be reached this week to have time for the legislation to pass Congress.

Rebutting 7 False Claims in Debt Limit Fight

Led by President Joe Biden, Democrats have deployed at least seven false, misleading, or nonsensical claims over the past few weeks to pressure McCarthy into caving in. However, most of those arguments fall apart quickly.

The Democrats’ Debt Ceiling Position Makes Zero Sense

The White House press secretary is apparently unaware that regular order would entail Senate Democrats passing a bill and then negotiating with House Republicans, who have already passed a bill raising the debt ceiling by $1.5 trillion into 2024.

How a US debt crisis standoff could cause a recession – a bad one

A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if the standoff doesn’t actually trigger a debt default, analysts say – and a much worse downturn with perhaps 7.5 million people thrown out of work if it does.