Sen. Rounds: Tying debt limit to California aid 'not meant as a penalty'
Sen. Mike Rounds (R.S.D.) said Monday that tying the debt ceiling to aid for the deadly wildfires California has recently faced is “not meant to be a penalty.” In a previous conversation on “The Hill” with NewsNation's Blake Berman, Berman asked Lowndes about the possibility that fire aid “has something to do with increasing the […]
5 ways the debt limit fight could play out under Trump
President-elect Trump and Congressional Republicans are planning how to deal with the national debt ceiling this year. The debt ceiling, which limits the amount the Treasury can take on to pay the nation's bills, was reset earlier this month after being suspended for the past year and a half. The national debt currently exceeds $36 […]
Biden announces one more round of student debt forgiveness — bringing total to 5 million recipients at $183B cost
WASHINGTON – Outgoing President Biden announced Monday that his administration will forgive federally owned student loans for an additional 150,000 borrowers. This would cost taxpayers an additional $4.23 billion and bring the total number of recipients of benefits during his term to approximately 5 million. Biden, 82, announced in January that he had ordered the […]
House GOP lawmakers raised alternative debt limit plays in huddle with Trump
President-elect Trump and House Republicans in favor of raising the cap on state and local tax (SALT) deductions spoke at a meeting in Mar. We discussed the abolition of . Lago was arrested last weekend, U.S. Rep. Nick Larota (RN.Y.) and three other sources told The Hill. LaLota and two sources said the conversation included […]
House Republicans face massive debt problem
House Republicans are in trouble. They want to pass a major agenda for President-elect Trump, preferably during his first 100 days in office. And they don't want to increase the federal deficit any further. It seems impossible. President Trump's agenda includes an extension of the 2017 tax cuts, as well as possible add-ons such as […]
‘THINGS ARE GETTING WORSE’: Credit card debt skyrocketing to concerning levels #shorts
FOX Business’ Jeff Flock reports on the credit card debt Americans are racking up on ‘Mornings with Maria.’ Subscribe to Fox … source
I Won’t Vote for Reconciliation Bill That Raises Debt Limit
On Newsmax TV's “Rob Schmidt Tonight” on Wednesday, Sen. Rand Paul (R-Ky.) said he would like to see a major reconciliation bill on the border, taxes and energy if it includes raising the debt ceiling. He said he had no intention of voting in favor of the . . Paul began by saying that Republicans […]
‘Hopefully, I’ll pay off my Covid debt’: what Britons want for their finances in 2025 | Money
TThe UK's economic performance in 2024 was mixed to say the least. Inflation was below the 2% target in the fall and above annual wage growth of 5.2%, but it is on the rise again. Meanwhile, forecasts for the pace of interest rate cuts have been revised downwards, with businesses warning of an impending slowdown […]
‘A debt of gratitude’: Trump delivers heartfelt remarks remembering Jimmy Carter
President-elect Donald Trump issued a heartfelt statement following the death of former President Jimmy Carter on Sunday. Mr. Carter passed away on December 29, 2024, at his home in Plains, Georgia, surrounded by his family. Carter served as the 39th president from 1977 to 1981 and won the Nobel Peace Prize in 2002. At 100 […]
Trump on collision course with conservatives over debt limit
President-elect Trump is heading into a battle over the debt ceiling with conservative lawmakers who are demanding deep cuts in federal spending, which will make it significantly harder for him to pass his agenda next year. . Thirty-eight House Republicans sent a warning to Trump last week by rejecting his request to extend the nation's […]