The House of Representatives is set to vote Wednesday night on a bill that would cut federal spending by more than $1 trillion and raise the debt ceiling through the 2024 presidential election. The bill is expected to pass with support from both Republicans and Democrats, although there is opposition from both sides of the political spectrum. If the bill passes, it will be the first time in history that the U.S. has avoided a government debt default. House Speaker Kevin McCarthy and House Minority Leader Hakeem Jeffries need both parties to pass the bill in order to lift the debt ceiling a few days before the U.S. is expected to run out of money to pay its bills. Majority of the left wing of the Democratic Party is likely to vote no, arguing that the bill does not address underlying issues of inequality and poverty.
Posts tagged as “Advancing American Freedom”
Key takeaways: The Texas Senate is set to begin a historic impeachment trial in August to determine whether Republican Attorney General Ken Paxton should be…
The Carter family has announced that Rosalynn Carter, the former first lady and wife of Jimmy Carter, has been diagnosed with dementia. The Carter Center emphasized Rosalynn's advocacy for mental health and noted that she is still living happily at home with her husband. As Jimmy Carter is receiving hospice care, the nation is sending its best wishes to the Carters.
Key takeaways: China launched a new three-man crew to the Tiangong space station to replace three fellow “taikonauts” who had been in space for six…
On Monday, President Joe Biden paid tribute to fallen U.S. troops at Arlington National Cemetery on Memorial Day, joined by House Speaker Kevin McCarthy. Biden acknowledged the pain of those who have lost loved ones and the ceremony concluded with a 21-gun salute and the playing of “Taps.” This was Biden's first visit to the cemetery since taking office and he is the fourth consecutive president to honor the fallen on Memorial Day.
"The hit HBO series "Succession" has come to an end, leaving fans with a shocking twist. Series creator Jesse Armstrong revealed that he had been considering Tom Wambsgans (played by Matthew Macfadyen) as the eventual successor for quite some time, and in the finale episode, Shiv (Sarah Snook) helped install him as the new CEO of Waystar Royco. Armstrong believes that Tom's power comes from Matsson, and that even though he is not the most powerful monarch, his power is still formidable."
Josef Newgarden won the 2021 Indianapolis 500, ending a streak of 11 unsuccessful attempts. After a review of the running order at the time the yellow flag waved, race control moved Newgarden to second and he slingshot around reigning race winner Marcus Ericsson on the restart. Newgarden's first win in the Indianapolis 500 was a momentous occasion for him and Team Penske, who had not won since 2017.
President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle to extend the debt ceiling and avert a catastrophic default, which includes stricter work requirements for safety net programs and a minor rollback of a key part of the Democrats' signature legislative accomplishment. The agreement is seen as a major victory for the Biden administration, protecting retirement accounts, saving millions of jobs, and preventing a potential economic recession. The legislative text of the bill will be prepared by Republicans and reviewed by the Biden administration before it is finalized.