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☆ Democrats have officially decided to save Mike Johnson from MTG's ouster effort
  + stars: | 2024-04-30 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +3 min
Democrats have officially decided to protect Speaker Mike Johnson from MTG's ouster effort. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We will vote to table Rep. Marjorie Taylor Greene's Motion to Vacate the Chair. Some progressives may even vote against tabling Greene's motion, and showing that Johnson is reliant on Democratic votes to continue serving could weaken his standing — to Greene's benefit — in future leadership elections.
Persons: Mike Johnson, Greene, —, Mike Johnson's, Hakeem Jeffries —, Marjorie Taylor Greene, Johnson, Marjorie Taylor Greene's, Matt Gaetz, Kevin McCarthy, Thomas Massie of Kentucky, Paul Gosar, McCarthy, it's, tabling Organizations: Putin, Service, Democratic, Republican Rep, — Reps Locations: Ukraine, Arizona
☆ US Treasury Secretary calls CEOs and business leaders with warning on debt limit
  + stars: | 2023-05-09 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
New York CNN —US Treasury Secretary Janet Yellen has been calling CEOs and business leaders to discuss the consequences of brinkmanship around the debt ceiling, according to a source familiar with the matter. In a report published last week, White House economists said that a protracted default would wipe out more than 8 million jobs and cut the value of the stock market in half. The report estimated the impact under three scenarios: brinksmanship, a short default and a protracted default. A White House spokesperson said the protracted default scenario envisions a three-month long impasse. The White House has said it will not negotiate over the debt ceiling.
☆ Debt Ceiling Solution: McCarthy Vows to Reject a Short-Term Agreement
  + stars: | 2023-05-09 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
Kevin McCarthy is meeting with Biden on Tuesday to discuss a debt ceiling solution. Ahead of the meeting, McCarthy told NBC he will not accept a short-term debt ceiling increase. The US could default on its debt as early as June 1, and Congress has yet to agree on a solution. Biden vowed to veto that legislation and has remained adamant that raising the debt ceiling should be a bipartisan and clean increase, without any spending cuts attached, and he has left the door open for budget negotiations — separate from a debt ceiling deal. But McCarthy told NBC News on Tuesday that he is unwilling to accept even a short-term debt ceiling increase ahead of budget negotiations.
☆ How a vacant House of Representatives could cripple US national security: 'Just a matter of luck at this point'
  + stars: | 2023-01-06 | by ( Warren Rojas | Sonam Sheth | Brent D. Griffiths | ) www.businessinsider.com   time to read: +6 min
Lawmakers on both sides of the aisle are sounding the alarm about how a nonfunctional House hurts national security. "If a national security crisis arises, the President of the United States is right down the street," he said. "I'm informed by House Security that, technically, I don't have a clearance," Gallagher, a former Marine Corps intelligence officer, told reporters. "I'm a member of the [House Intelligence Committee], I'm on the Armed Services Committee, and I can't meet in the SCIF to conduct essential business." "President Xi says, 'Our system of governance works because democracy don't,'" Bacon, a Nebraska Republican, told reporters.
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