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[ad_1] On several occasions during debt-limit negotiations over the last decade, the unpredictable fallout of a looming deadline has helped persuade dozens of lawmakers from each party to begrudgingly support concessions they didn’t love. This time, ideas like beefing up work requirements for food assistance programs aren’t gaining the bipartisan appeal Republicans might have hoped…
[ad_1] “We will pass it this week,” the Minnesota Republican vowed. There’s no question it’s a fluid situation for GOP leaders; the conference is not exactly known for ideological harmony, and the margins they’re operating under are tight. Yet McCarthy and his team have been bullish about their ability to pass the massive debt measure…
[ad_1] McCarthy is eyeing to pass his plan in the House next week, setting up a showdown with Democrats amid worries that the U.S. could default on its debt as early as June. The Republicans’ 300-page-plus bill amounts to a legislative wish list of measures that have no future in the Senate, whose Democratic leaders…
[ad_1] The introduction of that plan and Biden’s speech demanding a debt limit hike with no strings attached represented significant steps in a standoff with major financial and political implications. The debt limit clock is ticking, with experts predicting the U.S. could default as early as June. The House GOP proposal would raise the debt…
[ad_1] After the U.S. technically reached the $31.4 trillion debt limit in late January, the Treasury Department started taking “extraordinary measures” to keep the country from defaulting. That wonky process, which involves accounting maneuvers that reduce certain types of government debt, gave the nation a borrowing cushion of about $800 billion at the beginning of…
[ad_1] The party’s list of potential demands — which includes an across-the-board cut to discretionary spending and stricter work requirements on programs like food stamps — is likely to change as House Republicans hash out a formal bill over the coming weeks. One big flashpoint: They’re proposing to raise the debt limit for just one…
[ad_1] While Republican supporters bill the measure as a way of reducing blowback, Democratic leaders argue that even debating it fuels a risky and dishonest theory that it’s possible to avert irreparable economic damage without raising the debt limit. Since GOP lawmakers keep talking it up, however, Democrats are happy to exploit the tricky politics…
[ad_1] “Who said red lines? Did anybody say red lines?” Scott Perry said in an interview. [ad_2] #House #Freedom #Caucus #laid #marker #debtlimit #negotiations #morning #groups #leader #influential #bloc #open #ideas ( With inputs from : www.politico.com )
[ad_1] The president’s “no negotiations” playbook comes after more than a decade of hostile debt fights, during which Biden was often an influential dealmaker. When Democrats fired up bipartisan talks upfront, like in 2011, it ended in major spending cuts and economic fallout. When they wouldn’t engage from the beginning, like 2013, House Republicans eventually…
[ad_1] The U.S. could approach the verge of debt default in early June, then buy itself some more time as tax receipts roll in. [ad_2] #ready #debtlimit #roller #coaster #tax #season #moves #ahead #warning #Bipartisan #Policy #Center #morning ( With inputs from : www.politico.com )