Treasury Secretary Janet Yellen has warned Congress that the US will reach its debt limit on January 19th, and urged them to raise the limit to avoid a potential default. This sets up a major battle on Capitol Hill, as the government must take “extraordinary measures” to avoid a default. Yellen has warned of serious economic consequences if the debt limit is not raised in time.
Posts tagged as “Republicans”
The House Speaker election remains in limbo as Rep. Kevin McCarthy (R-Calif.) failed to win majority in fourth, fifth and sixth votes. Rep. Victoria Spartz…
Rep. Byron Donalds (R-Fla.) was thrust into the spotlight Wednesday as three of Rep. Kevin McCarthy’s (R-Calif.) detractors nominated him to be speaker in three…
House Republicans have been in a stalemate over the election of a new speaker, with the majority unable to agree on a viable candidate. On…
In a rare display of bipartisanship, President Joe Biden and Senate Minority Leader Mitch McConnell (R-Ky.) took a ride in the Beast, the armored presidential…
On Tuesday, incoming lawmakers arrived on the floor of the House of Representatives expecting to pose for a photo and get started with their first…
On Tuesday, Senate Majority Leader Mitch McConnell (R-KY) will make history as the longest-serving Senate leader ever. McConnell is expected to surpass the late Sen.…
House Republicans are facing criticism for their first act as the majority party in Congress: a proposal to weaken the Office of Congressional Ethics. The…