Debt-Limit Deal Advances in Senate
MANDEL NGAN The U.S. Senate took a step toward raising the federal government’s $28.9 trillion debt limit on Thursday when it voted to limit debate on the first of two…
House Passes Bill That Would Enable Congress to Raise Debt Ceiling With Simple Majority Vote
By Mimi Nguyen Ly The U.S. House of Representatives late Tuesday passed a procedural bill that would allow Congress to expedite legislation raising the federal debt limit by a simple…
Pelosi and Schumer blasted Trump for high gas prices, but numbers worse under Biden
By Houston Keene House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Chuck Schumer, D-N.Y., blasted former President Trump for high gas prices under his administration, but the numbers are…
Pennsylvania Energy Costs to Increase up to 50 Percent Starting Wednesday
By Isabel van Brugen Pennsylvanians will be hit with an increase of up to 50 percent on their energy bills starting Wednesday, according to the Pennsylvania Public Utility Commission (PUC).…
Dow tumbles 900 points for worst day of year on fears of new Covid variant, S&P 500 drops 2%
By Eustance Huang Jesse Pound U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from risk assets. The Dow…
Biden hurts country by selling oil from strategic reserves without affecting prices
By Quin Hillyer President Joe Biden was dead wrong in his decision this week to order the release of 50 million barrels from the Strategic Petroleum Reserve. No matter how…
U.S. taps Strategic Petroleum Reserve in bid to push down gasoline prices
By William Watts After weeks of anticipation, President Joe Biden on Tuesday opened the taps on the U.S. Strategic Petroleum Reserve, releasing a temporary flood of crude in a bid…
House spending bill increases deficit $800 billion over next five years
By Bruce Thompson President Joe Biden and House Democrats have said their $2.4 trillion tax and spending bill is fully paid for. The cost is zero, the White House claims.…
CBS Poll: 67 Percent Disapprove of Biden’s Handling of Inflation
By Eric Mack Americans overwhelmingly disapprove of President Joe Biden’s handling of the inflation crisis (67%), according to the results from the latest CBS-YouGov Poll. There were 33% of Americans…
Biden’s ‘Build Back Better’ Plan Would Increase Deficit by $367 Billion Over 10 Years: CBO
By Katabella Roberts President Joe Biden’s “Build Back Better” legislation, if passed through Congress, would increase the U.S. deficit by $367 billion over 10 years, the Congressional Budget Office (CBO)…
House passes Biden spending bill after months of delays
By Thomas Barrabi House lawmakers voted to pass President Biden’s expansive spending bill Friday despite opposition from Republicans and lingering questions about the White House’s claim that the cost of…
Democrats are poised to play debt-ceiling chicken with Republicans again — and endanger the world financial system in the process
By bwinck@businessinsider.com (Ben Winck) Say something if you’ve heard this one before. The deadline to raise or suspend the debt ceiling is weeks away. Democrats say the responsibility to avoid…