Senate Minority Leader Mitch McConnell has called on House Speaker Kevin McCarthy to lead the way in crafting a solution to the looming debt ceiling deadline, with the Treasury Department warning of economic calamity if the US does not act by June 5. McConnell has suggested that McCarthy consider spending cuts as part of a debt limit extension, and that the debt ceiling could originate in either the House or the Senate.
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Walmart, the largest private employer in the United States, announced Tuesday that it will be raising its minimum wage from $12 to $14 an hour to attract and retain workers in a tight labor market. This pay raise will affect 3,000 stores, increasing the average pay to $17.50 an hour from $17. The move is part of a larger trend of companies offering higher wages and benefits to attract and retain workers, with other companies likely to follow suit in the coming months.
On Monday, a fresco titled "Young Hercules and the Snake" from Herculaneum was returned to Italy along with 59 other ancient pieces that had been illegally trafficked to the United States. The returned works are estimated to be worth more than $20 million and are a major victory for Italy in its fight against international art trafficking. The pieces were originally from Herculaneum, a city destroyed by the 79 A.D. eruption of Mount Vesuvius.
Democratic Representative Ruben Gallego of Arizona has announced his campaign for the United States Senate, setting up a potential 2024 clash with incumbent Senator Kyrsten Sinema. Gallego is a Marine Corps veteran who served in Iraq and has been a member of the House since 2015. He has asked for the support of his fellow veterans in his campaign and has hired well-known Democratic consultants and pollsters. The outcome of this potential three-way contest between Gallego, Sinema, and any other potential candidates will be closely watched by major Democratic leaders.
The Los Angeles County Sheriff's Department is investigating a mass shooting in Monterey Park, California that left 10 dead and 10 hospitalized. In response, they have conducted a SWAT operation and are strengthening security at Lunar New Year events. Major cities across the US are also taking extra precautions, and authorities are asking anyone with information to come forward.
Treasury Secretary Janet Yellen has warned of the potential consequences for everyday Americans if the debt limit is not raised.
Thousands of anti-abortion advocates from across the United States gathered in Washington, D.C. on Friday for the 50th annual March for Life rally, marking a major milestone in the fight against abortion rights. Speakers at the event included President Donald Trump, Vice President Mike Pence, and House Minority Leader Kevin McCarthy, and participants followed social distancing guidelines in spite of the ongoing COVID-19 pandemic. The march was a powerful reminder of the importance of protecting the rights of the unborn, and anti-abortion advocates are determined to make sure that every human life is respected and protected.
US Hits $34.1 Trillion Debt Ceiling, White House and House Republicans Negotiate Potential Solutions
US Hits $34.1 Trillion Debt Ceiling, White House and House Republicans Negotiate Potential Solutions
The US has officially hit its $34.1 trillion debt ceiling and the government has begun "extraordinary measures" to pay bills. House Speaker Kevin McCarthy has accepted an invitation from President Biden to discuss a solution, while Senate Minority Leader Mitch McConnell has said the US "never has and never will" default on its debt. House Republicans have threatened to hold the Biden administration hostage over the debt limit, and the outcome of negotiations between the White House and House Republicans could have a significant impact on the financial security of American households.