Tag

Debt Limit Deal

All articles tagged with #debt limit deal

politics2 years ago•3 min saved

GOP's Internal Struggles Lead to Blocked Bills and Frustration.

House Republican leadership may hold another vote to advance legislation related to gas stoves and regulatory reform after an extraordinary conservative revolt blocked the bills from moving to the floor one day earlier. The vote is scheduled to take place less than 24 hours after 11 conservative lawmakers, most of whom are members of the House Freedom Caucus, opposed the same rule, a rare move for members of the majority party that was done in retaliation for the debt limit deal McCarthy cut with President Biden that was signed into law over the weekend.

via The Hill|

#conservative-revolt #debt-limit-deal #gop

politics2 years ago•2 min saved

The Fallout from the Biden-McCarthy Debt Ceiling Deal.

GOP hardliners have derailed House Minority Leader Kevin McCarthy's agenda in retaliation over his deal with Democrats to raise the debt limit. McCarthy's leadership has been criticized by some Republicans, including Rep. Madison Cawthorn, who said "we failed" and blamed McCarthy for the debt limit increase. The move highlights the ongoing divisions within the GOP between hardliners and more moderate members.

via CNN|

#criticism #debt-limit-deal #gop

politics2 years ago•5 min saved

Conservative Rebellion in US House Over Gas Stove Freedoms and Debt Deal.

House conservatives, including members of the Freedom Caucus, joined Democrats in voting against a rule to advance four bills, blocking the legislation from advancing to the floor. The revolt was a result of opposition to the debt limit deal cut by Speaker Kevin McCarthy and President Biden just days before. The vote raises questions about GOP leaders' ability to pass their legislative agenda in the future.

via The Hill|

#debt-limit-deal #gop-leadership #house-conservatives

politics2 years ago•5 min saved

Biden's pragmatic approach to deal-making and politics.

President Biden plans to use the bipartisan debt limit deal to pivot back to his shadow reelection campaign, pointing to the achievement to burnish his image with voters as a consensus-builder who’s making strides on his promise to unite the country. Biden's early phase of the 2024 campaign aims to showcase him as a drama-free leader who has defied expectations in working across the aisle. His plan is to pivot from a month that was consumed by the debt standoff in Washington back to talking directly with Americans about his economic agenda, particularly legislation he has signed to fund infrastructure projects and revive domestic manufacturing.

via NBC News|

#2024-campaign #biden #bipartisanship

finance2 years ago•2 min saved

Fitch maintains negative watch on US credit rating despite debt limit resolution

Fitch Ratings will keep the US's "AAA" sovereign rating on its "negative watch" list despite Congress passing a bipartisan bill to raise the debt limit. The agency warned that "repeated political standoffs" over the debt ceiling and "last-minute suspensions" to prevent default "lowers confidence in governance on fiscal and debt matters." The deal could reduce projected deficits by about $1.5tn over the next decade, but Fitch said "failure to tackle fiscal challenges from growing mandatory spending has led to rising fiscal deficits and debt burden." The company plans to resolve the "Negative Watch" in 3Q23.

via The Hill|

#congress #debt-limit-deal #finance

politics2 years ago•3 min saved

Debt limit deal and energy: Bipartisan agreement or climate gaslighting?

The debt limit deal passed by the House this week gives Republicans significant energy provisions they have been pushing for, such as limits on environmental reviews, while Democrats did not get their electric infrastructure buildout, a concession that could limit their leverage in future negotiations. Lawmakers on both sides of the aisle have been working for months on a deal to speed energy projects and other infrastructure projects, but some are skeptical that a bipartisan deal is achievable.

via The Hill|

#bipartisan-agreement #debt-limit-deal #energy

finance2 years ago•4 min saved

Global Markets Rise on US Debt Deal Optimism

American equity futures rose, while European stocks posted modest gains amid optimism that politicians are nearing a debt-ceiling deal to avert a catastrophic US default. The dollar, which has benefited from angst around the statutory borrowing limit, was steady. Assuming lawmakers seal the deal before the US government runs out of cash in about a week, traders still have much to contend with — from the prospect of another interest-rate hike from the Federal Reserve to a likely deluge of bond issuance from the US Treasury Department.

via Yahoo Finance|

#debt-limit-deal #dollar #european-stocks

politics2 years ago

Debt ceiling negotiations stall with uncertain future.

House Minority Leader Kevin McCarthy has taken the lead in negotiating a bipartisan deal to raise the debt limit, while Senate Minority Leader Mitch McConnell has remained in the background. The deal would suspend the debt limit until December 2022 and avoid a potential government shutdown. The agreement still needs to be approved by both chambers of Congress.

via The Wall Street Journal|

#bipartisan #congress #debt-limit-deal