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[ad_1] Her travel back to Washington follows a conversation last week with Senate Majority Leader Chuck Schumer, in which she said she could return as soon as this week. It is not yet clear if Feinstein will participate in Tuesday night’s floor votes. “I’m glad that my friend Dianne is back in the Senate and…
[ad_1] “They’re related for sure,” Thune said of the debt limit talks and farm bill. “For better or worse, pretty much everything that we’re going to do subsequent to the debt limit discussion depends on how all that plays out.” Fresh in Senate GOP leaders’ minds: The 2011 sequestration fight, which resulted in steep spending…
[ad_1] Once that date hits, “really that’s it,” Yellen said on “This Week.” “We have been using extraordinary measures for several months now, and our ability to do that is running out.” The debate over the debt limit has left Democrats and Republicans in a deadlock, and so far neither side seems ready to budge….
[ad_1] Some Republicans — particularly House conservatives — see that as a win for Democrats and Biden, who have been pushing to lift to the debt ceiling with no strings attached as the GOP calls for significant cuts to federal spending in exchange. So they’re not looking to open that particular escape hatch, at least…
[ad_1] Bengaluru: Reacting sharply to Congress leader Siddaramaiah claiming that his party would increase the reservation limit in Karnataka from 50 per cent to 75 per cent if voted to power in the upcoming Assembly elections, former chief minister BS Yediyurappa on Wednesday said the “poll promise” would never be met as the prinicipal opposition…
[ad_1] Still, the speaker can only lose four Republicans and still pass his debt limit legislation. Most House Republicans are on board, but McCarthy’s leadership team remains short of the 218 votes it needs for passage. Conversations continued over the weekend to try and bring stragglers into the “yes” camp. Even if McCarthy is able…
[ad_1] How Wall Street investors react to a possible default is crucial because they’re the ones who finance the country’s enormous debt by buying the securities that Treasury sells to fund the government. If they shy away from the market, interest rates could skyrocket, squeezing the government, businesses and consumers. That’s why their level of…
[ad_1] Republicans, led by House Speaker Kevin McCarthy, can point to polls showing only tepid backing for raising the debt ceiling and preference for spending cuts over tax increases to bring down the budget deficit. On President Joe Biden and the Democrats’ side: overwhelming support for lifting the cap once poll respondents are told breaching…
[ad_1] The legislation would also bar the Biden administration from moving forward with a new income-driven repayment plan that cuts monthly payments for most borrowers and shortens the timeline to loan forgiveness for some borrowers. In addition, the GOP plan would permanently prohibit the Education Department from issuing any significant regulation or executive action that…
[ad_1] Thiruvananthapuram: Joint action against Governors’ moves that curtail State governments’ functioning and threaten federal principles is imperative, Kerala Chief Minister Pinarayi Vijayan said on Tuesday. Vijayan said his government will consider with “utmost seriousness” Tamil Nadu Chief Minister M K Stalin’s proposal for States to pass Assembly resolutions seeking time frame for Governor to…