Biden: Strong jobs numbers show economic plan is working
President Biden on Friday pointed to stronger-than-expected job gains in May as evidence that his economic plan is working. The Washington Times stories: White House
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Biden and Dems Protect the Country From MAGA Default Extremism
Washington – In response to the passage of the Fiscal Responsibility Act of 2023, MoveOn Political Action Executive Director Rahna Epting released the following statement: “President Biden and Democrats did the work both to stop a MAGA-led push for default that would have dragged America into a terrible recession, and to prevent MAGA Republicans from gutting the social and economic progress that MoveOn members have fought for over the last two years. The budget deal that President Biden secured is by no means perfect, but it protects jobs, veterans’ benefits,…
Read More...Biden, McCarthy to meet at White House amid deadlock in debt limit talks
House Speaker Kevin McCarthy is to meet Monday with President Biden at the White House in hopes of forging a breakthrough on a deal to cut spending and raise the debt limit. The Washington Times stories: White House
Read More...Why Biden Caved
The White House and Congress have not made much progress in their talks to avert an unprecedented, and potentially calamitous, national default that could occur as soon as early June. But on the most fundamental point of dispute, President Joe Biden has already caved: He’s negotiating with Republicans over the debt ceiling. For months, the president’s ironclad position has been that the debt ceiling is not a bargaining chip. No longer would Democrats allow Republicans to hold hostage the nation’s creditworthiness and economic prestige. Paying the government’s bills by raising…
Read More...Biden, Schumer ‘Backed Off Their Idea’ to Not Negotiate, McCarthy Says
President Joe Biden and Senate Majority Leader Chuck Schumer, D-N.Y., “have finally backed off their idea that they won’t negotiate” on the debt ceiling, according to House Speaker Kevin McCarthy, R-Calif. “They finally backed off the insane, un-rational, un-sensible idea that you just raise the debt ceiling,” McCarthy said at a joint press conference on Wednesday with Republican lawmakers in both the U.S. House of Representatives and Senate. “The president’s selected two individuals, the [Office of Management and Budget Director Shalanda Young] and [counselor to the president Steve] Ricchetti, to sit down…
Read More...Biden questions need to cut spending, citing deficit reduction over first term
President Biden on Tuesday questioned House Republicans’ push to cut spending in exchange for raising the debt limit, asserting that his administration had already lowered the deficit and saved taxpayer dollars. The Washington Times stories: White House
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