The cobbled-together plan required a two-thirds threshold for passage, but was defeated resoundingly, getting rejected on a 235-174 vote.
debt limit
Posted inOp-eds, Opinion
Commentary: Who deserves welfare? That’s the wrong question
When government focuses on identifying the worthy, it fails to serve the needy.
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Posted inNation & World, News, Politics
House heads home after hard-right Republicans defy McCarthy, block legislation
House Speaker Kevin McCarthy admits he was ‘blindsided’ by the rebuke, but insisted the Republican caucus would emerge stronger.
Posted inOp-eds, Opinion
Clarence Page: Congress finds virtue in compromise – at last
Lessons of the debt ceiling debate: Congress should not be encouraged to hold the rest of the government hostage to get the legislation they want.
Posted inTimes Record Opinion
The Conversation: COVID-19 clawbacks, spending caps and a cut — what House Republicans got in return for pushing the U.S. to the brink of default
THE CONVERSATION — House Republicans pushed the U.S. to the edge of a fiscal crisis because they wanted deep cuts in government spending. So, based on the deal President Joe Biden signed into law on June 3, 2023, how did they do? In broad strokes, the deal suspends the debt limit until January 2025, freezes nondefense discretionary funding […]
Posted inOp-eds, Opinion
Jim Fossel: No leadership in debt ceiling deal
Rather than truly addressing the nation’s fiscal woes, both sides were more than happy to walk away with a symbolic victory.
Posted inNation & World, News
Debt deal imposes new work requirements for food aid and that frustrates many Democrats
In the end, Democrats warily accepted new requirements for some able-bodied recipients in exchange for food aid. Republicans agreed to drop some work requirements for veterans, homeless people, and others.
Posted inNation & World, News, Uncategorized
Biden signs debt ceiling bill that pulls U.S. back from brink of unprecedented default
The bipartisan measure, passed by the House Wednesday and the Senate Thursday, averts the potential of an unprecedented government default that would have rocked the U.S. and global economies.
Posted inBusiness, Nation & World, Politics
Biden celebrates a ‘crisis averted’ in Oval Office address on bipartisan debt ceiling deal
In both chambers, more Democrats backed the legislation than Republicans, but both parties were critical to its passage.
Posted inTimes Record Opinion
Gordon L. Weil: Debt ceiling ‘crisis’ pure political theater
America, hope you enjoyed the political theater. Because that’s what all the anguish over the debt ceiling amounted to. In the real world, relatively little has happened. Congress had voted for public spending, but the outlays could only be covered by new borrowing, because tax revenues wouldn’t be sufficient. That would boost the national debt. […]
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