Despite a crucial White House meeting, President Biden and House Speaker McCarthy failed to raise the debt ceiling. However, they plan to continue discussions to prevent a historic default as the United States races toward the approaching deadline of failing to be able to meet its financial obligations.
Category: Economy
Biden’s G7 Trip: What U.S. Default Risk Means
The negotiations concerning the United States debt ceiling have recently come into sharper focus, with Biden and McCarthy at the center.
Score One For Twitter Community Notes Debunks Biden’s Attempt To Take Credit For The Job Market
President Joe Biden continues to lie about the employment “created” by his administration. Still, Twitter users will continue to fact-check him on one of the administration’s most significant lies.
GOP Pushes Back on Biden’s Unfair Mortgage Rule
House Republicans are preparing legislation to block a proposed Biden administration regulation that, if enacted, would require lower-risk mortgage consumers to help pay lower rates for higher-risk borrowers.
Biden’s World Bank Pick: Controversial Ties to Chinese Company
The individual President Joe Biden has chosen to head the World Bank has ties to the Chinese business community.
Ajay Banga is presently the vice chairman of General Atlantic, one of ByteDance’s most influential investors. ByteDance, a Chinese firm, owns TikTok, and the app’s close ties to the Chinese Communist Party have raised security worries.
McConnell and McCarthy Blast Biden for Refusing to Discuss the Debt Ceiling
After recuperating from a fall in March, Minority Leader Mitch McConnell criticized President Joe Biden for continuing to refuse to negotiate a debt ceiling increase on the Senate floor for the first time.
Watch Out! Democrats Are Seeking To Add Green Energy To Agricultural Bill
The Democrats seek to convert the Agricultural Bill into a climate spending spree. Democratic legislators are seeking substantial climate issues financing in the five-year agricultural bill.
Obscene: Biden Administration Wastes Tax Payer Money On Study to Learn How To Train Drug Addicts to Administer Covid Tests
A study on how to train drug users to distribute COVID-19 quick tests to other drug addicts will receive funding for one million dollars from the Biden administration in the coming year….
Congress Enacts 1926 Statue To End Labor Strike
To prevent a nationwide railroad strike, Congress acted swiftly. A compromise settlement was imposed on freight railroads and a dozen labor unions, and the U.S. House of Representatives approved more paid sick leave for rail workers.
Taxpayers Beware: Apps Like Zelle, Cash App, and Venmo Will Trigger an Audit if Your Numbers Don’t Match
Workers in the gig industry need to take notice of the new forms they will receive at the end of the year. The American Rescue Act, enacted in 2021 by a Democratic-majority Congress, significantly alters the taxation of Americans who are paid through third-party organizations. Cash App, Venmo, and PayPal are among the companies mentioned.
