Mike Johnson Hands Trump a ‘Big Mess’ After Debt Ceiling Betrayal
President-elect Donald Trump will face “major turmoil” as he begins his term following the passage of a spending bill aimed at averting a government shutdown. Under the spending bill: passed According to NBC News, the Senate on Saturday will keep the government in session until March 14, 2025. The bill's passage in the Senate comes […]
Kasich: It’s finally time to tackle the national debt
Many people call me a wolf boy. The reason is my decades-long concern about the ever-increasing U.S. government debt. For years, in Congress and as governor, I have raised the alarm about the federal government's corrosive habit of spending more than it takes in, and the need to borrow even more money to fill the […]
Biden administration withdraws proposed regulations on transgender athletes, student debt
The Biden administration on Friday rescinded pending regulations governing transgender athletes, abandoning efforts to provide certain protections for transgender students opposed by the incoming Trump administration. The administration also withdrew a proposal to forgive student loans for about 38 million Americans, which the Education Department said was due to “administrative issues.” “With the time left […]
US House passes funding proposal without Trump’s demand to raise debt limit | US politics
The U.S. House of Representatives passed a funding bill Friday night, hours before the U.S. government shutdown, and a bill that would drop President Donald Trump's demand to raise the debt ceiling. The bill, which passed 366-34, authorizes three months of government funding and will be sent to the Senate, where it is expected to […]
Biden cancels student debt for public service workers and gets ferocious backlash
President Joe Biden announced another round of student loan forgiveness, this time for public employees, but critics quickly slammed him on social media. Biden promised student loan forgiveness during his 2016 presidential campaign, but court challenges have hampered his efforts to redistribute debt without Congressional approval. On Friday, he said his administration was able to […]
House GOP eyes plan C that cuts Trump debt ceiling demand
House Republicans are eyeing new spending proposals to increase votes on three separate measures: funding the government, adequate disaster relief and allocating agricultural aid, three people told The Hill. Ta. But in a shift from previous strategy and in defiance of President-elect Trump's requests, the new plan does not include any measures to raise the […]
Biden OKs another $4.28B in student debt relief for public service workers
President Biden signed yet another student loan forgiveness package on Friday, giving $4.28 billion to about 55,000 public servants. The Department of Education has canceled loans for students who have made more than 120 monthly repayments as part of the Public Service Loan Forgiveness (PSLF) program, which encourages employment in public sector jobs such as […]
Trump throws debt limit into shutdown fight
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Welcome to The Hill's Business & Economics Newsletter {beacon} business and economy business and economy Full text House Republicans focus on Plan B stopgap with separate two-part debt limit pledge House Republicans are eyeing an alternative government funding stopgap […]
Many in GOP Oppose Clean Debt Limit Hike, It’s Better to Raise It Once We’re in Power
On Thursday's broadcast of Fox Business Network's “The Bottom Line,” Rep. Andy Harris (R-Md.) said many Republicans do not oppose raising the debt ceiling, but the spending that would come with it. He said that concessions are needed and that he believes they will happen. Once Republicans take control of Congress, they'd be better off […]
GOP Senator Claims Schumer Used Debt Limit As Leverage Against Trump, Criticizes GOP Who Opposed Trump-Endorsed Plan
Sen. Markwayne Mullin, R-Oklahoma, said Thursday that Senate Majority Leader Chuck Schumer used the debt limit as leverage against plans supported by President Trump. Monaka exterior Mullin criticized Schumer for the “Ingraham Angle,” which accused Laura Ingraham of manipulating debt ceiling negotiations to weaken President-elect Donald Trump's influence. Marinlin also criticized House Republicans who helped […]