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A shorter time period would be just one of the pressure points that’s threatening to make the upcoming debt limit standoff one of the most contentious in history. Conservative Republicans emboldened by their influence in the House speaker race are demanding steep budget cuts in exchange for letting the government take on more debt. The Biden administration is insisting on a clean increase and refusing to negotiate.
“The period of time that extraordinary measures may last is subject to considerable uncertainty due to a variety of factors, including the challenges of forecasting the payments and receipts of the U.S. government months into the future,” Yellen told Congress last week.President Joe Biden speaks about his student debt relief plan at Central New Mexico Community College, on Nov. 3, 2022, in Albuquerque, N.M.
Akabas of the Bipartisan Policy Center said that amounts to about $5 billion per month that the government is missing to pay its obligations.Traders work on the floor at the New York Stock Exchange as Federal Reserve Chair Jerome Powell speaks after announcing a rate increase in New York on Nov. 2, 2022. | Seth Wenig/AP Photo
We don’t negotiate on debt limit. Raise it first then we can negotiate on where to cut budgets.
Come on man! So, I didn't get to go to college and make the big bucks. That's no reason not to take my money (taxes) and pay for those that are making the big bucks.
Isn’t the real news how Republicans react? Not how we got here and what next steps are.
Look at those dopey kids. Our weakest generation carrying preprinted signs handed to them by adults. WeakestGeneration
It’d be cool if we could just default so the endless war funding would dry up. Then you can get healthcare.. Student dept relief/forgiveness.. Infrastructure from this century..
“If the government stops it’s tax on college students, it turns out they have less money in their coffers.”
Shut 👏 it 👏 down 👏