Tag: Ceiling

MoveOn Activists Celebrate Victory in Debt Ceiling Battle

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(Photo by Sean Zanni/Getty Images for MoveOn) After months of MAGA Republicans’ holding our economy hostage, the Biden administration and Congress have finally reached a deal to raise the debt ceiling, prevent a national default, and preserve critical federal programs. The budget deal that President Biden secured isn’t perfect, but it protects jobs, veterans’ benefits, historic climate change investments enacted in 2022, and lifesaving health care benefits, while mostly preserving the social safety net. Together, MoveOn members’ activism stopped Republicans in Congress from dragging all of us into a catastrophic…

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Now that the debt ceiling debate has been settled, it’s back to business-as-usual for contractors…right?

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The debt ceiling debate has absorbed many in Washington over the past few weeks, as well as those whose business prospects are directly tied to federal spending. Now that a deal is done, how are they feeling about it? To find out,  Federal Drive with Tom Temin  spoke with federal contracting expert Larry Allen. Interview Transcript:  Larry Allen I think the good news is now that we have a debt ceiling agreement, that the rest of the fiscal year for fiscal year 23 should be pretty strong. Congress has appropriated a…

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‘Nothing Has Changed’ Since Feb. 1 Meeting, McCarthy Says on Debt Ceiling

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President Joe Biden met with Republican and Democrat leaders Tuesday to discuss the debt ceiling as the U.S. could “run out of cash” in less than a month. Biden met with House Speaker Kevin McCarthy, R-Calif.; Senate Minority Leader Mitch McConnell, R-Ky.; Senate Majority Leader Chuck Schumer, D-N.Y.; and House Minority Leader Hakeem Jeffries, D-N.Y. at the White House. Biden and McCarthy previously met on Feb. 1. “Nothing has changed since then. The only thing that has changed is the House has raised the debt ceiling and passed the bill. That’s why we…

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The Logic Behind Biden’s Refusal to Negotiate the Debt Ceiling

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President Joe Biden has already made the most important domestic-policy decision he’ll likely face this year. Biden and his top advisers have repeatedly indicated that they will reject demands from the new GOP majority in the House of Representatives to link increasing the debt ceiling with cutting federal spending. Instead, Biden is insisting that Congress pass a clean debt-ceiling increase, with no conditions attached. [Annie Lowrey: The trillion-dollar coin might be the least bad option] Biden’s refusal to negotiate with Republicans now is rooted in the Obama administration’s experiences in…

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