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Posts published in “Financial”

Biden Takes Aim at House Republicans in Effort to Avoid Debt Default

The White House is taking action to avoid a catastrophic default on the nation's debt by targeting House Speaker Kevin McCarthy and other GOP House members in competitive districts. They are hoping to pass a bill that will benefit veterans and the economy, but it remains to be seen if the President's strategy will be successful. The proposed bill is a $2 trillion infrastructure plan funded by raising the corporate tax rate from 21% to 28%, while Republicans have proposed a $568 billion counteroffer.