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WASHINGTON — The House passed legislation Tuesday that would fund the government through Dec. 3 and extend the debt limit until after the 2022 elections. House Republican leaders pressured their members to oppose the bill. Pelosi said the debt limit "is about paying bills already incurred." After all, they control the White House, the House of Representatives and the Senate," he said. Democrats, however, noted that there was bipartisan support for raising the debt limit during the Trump administration.
Persons: WASHINGTON, Mitch McConnell, Donald Trump, Steny Hoyer, Nancy Pelosi, Pelosi, Dan Meuser, Tom Cole, Trump, Debbie Wasserman Schultz, Marcy Kaptur, I'm, Israel, Stephanie Murphy, Hoyer placated Organizations: Republicans, Democrats, Senate, Republican, Democratic, White, Trump, Israel's, Party, Moderate, Iron Locations: Ky, Ohio, Afghanistan, Israel, America
That would have the effect of letting Republicans avoid voting for a debt limit increase ahead of next year's congressional elections. After the House vote, McConnell and fellow Republican Senator Richard Shelby said they had introduced a bill to fund current government operations through Dec. 3, but without raising the debt limit. Democrats have resisted doing that so far, saying the vote to raise the debt limit should be a bipartisan one. The Treasury Department will some time in October exhaust its borrowing authority unless the debt limit is raised. Republicans said they would support a temporary spending bill to avert a shutdown if the debt limit extension were stripped out of the bill.
Persons: Jonathan Ernst WASHINGTON, Nancy Pelosi, Chuck Schumer, Mitch McConnell's, McConnell, Richard Shelby, Schumer, Pelosi, Joe Biden, They’re, Republican Steve Scalise, Donald Trump's, Richard Cowan, Susan Cornwell, David Morgan, Scott Malone, Kieran Murray, Peter Cooney Organizations: Capitol, J6, REUTERS, Republicans, Senate, White, Democratic, Treasury Department, Democrats, Social Security, Republican, Thomson Locations: Washington , U.S, America, U.S
The House passed a measure to keep the government funded for another two months and prevent a debt default. But it does little to resolve the standoff between Democrats and Republicans as the US veers into a potential government shutdown. But the measure is poised to tank in the Senate, as Minority Leader Mitch McConnell has warned many times. The measure stands no chance in the Senate as Republicans are lining up behind McConnell's pledge to torpedo the measure. "Democrats have the authority and the votes to raise the debt limit themselves," Brian Riedl, a budget expert at the right-leaning Manhattan Institute, said in an interview.
Persons: McConnell, Mitch McConnell, Brian Riedl, Sen, Shelley Moore Capito, Trump, Donald Trump, Bernie Sanders, leadership's, Mark Warner of, Warner Organizations: Republicans, Service, Senate, Republican, US, Democrats, Moody's, Manhattan Institute, Vermont, Mark Warner of Virginia Locations: West Virginia
Marketmind: Some relief - but how long will it last?
  + stars: | 2021-09-22 | by ( )   time to read: +2 min
Relief is at hand for markets on Wednesday, after China's Evergrande said it would make a domestic bond coupon payment. And with the U.S. Federal Reserve set to conclude its two-day meeting later on Wednesday, perhaps this week's market excitement is not over yet. For the Fed, weaker-than-anticipated jobs numbers have already dampened expectations it will announce an imminent start to tapering bond-buying stimulus. It might however clear the way for tapering later this year and show in updated projections whether higher-than-expected inflation or a resurgent coronavirus pandemic is weighing more on the economic outlook. - European earnings: Playtech, IG Group- U.S. earnings: NikeReuters Graphics Reuters GraphicsReporting by Dhara Ranasinghe; editing by Sujata RaoOur Standards: The Thomson Reuters Trust Principles.
Persons: China's Evergrande, Evergrande, mulling, UK's Entain, Sam Woods, Dhara, Sujata Rao Organizations: U.S . Federal, Bank of, Republicans, IG Group, Nike Reuters Graphics Reuters, Thomson Locations: Dhara, Bank of Japan, China, Brazil
Sometime in October, the Treasury Department will exhaust its borrowing authority unless the debt limit is raised. The bill would suspend the limit on government borrowing through December 2022. The current debt ceiling already has been breached, with debt at $28.78 trillion. Republicans said they would support a temporary spending bill to avert a shutdown if the debt limit extension were stripped out of the bill. Schumer said much of the latest debt is related to spending that Republicans supported during Donald Trump's presidency, including last December's emergency COVID-19 relief bill.
Persons: Jonathan Ernst WASHINGTON, Nancy Pelosi, Chuck Schumer, Mitch McConnell's, McConnell, Joe Biden's, Schumer, Pelosi, They’re, Republican Steve Scalise, Donald Trump's, Richard Cowan, David Morgan, Scott Malone, Dan Grebler Organizations: Capitol, J6, REUTERS, Democrat, Democratic, Senate, Republicans, Republican, Democrats, Treasury Department, Social Security, Thomson Locations: Washington , U.S, America, U.S
Some House Democrats objected to a provision in a stopgap spending bill to provide the additional funding so Israel can replenish its “Iron Dome” missile-defense system. The U.S. company Raytheon produces many Iron Dome components. That could set the stage for another dispute over military aid for Israel. The United States has already provided more than $1.6 billion for Israel to develop and build the Iron Dome system, according to a U.S. Congressional Research Service report last year. Israel said most of the 4,350 rockets fired from Gaza during the conflict were blown out of the sky by Iron Dome interceptors.
Persons: adjourn, Jamaal Bowman, ” Bowman, Yair Lapid, Israel Organizations: Democratic, Israel, U.S ., Raytheon, United, U.S, Congressional Research Service, Republicans, Israeli, Iron, Iron Dome Locations: WASHINGTON, Israel, U.S, United States, Gaza
U.S. debt limit is not a partisan issue, White House says
  + stars: | 2021-09-21 | by ( )   time to read: +1 min
Clouds pass over the White House in Washington, U.S., September 21, 2021. REUTERS/Joshua RobertsWASHINGTON, Sept 21 (Reuters) - President Joe Biden's administration will continue to argue that the U.S. debt limit is not a partisan issue and push Republicans and Democrats to vote to raise it, White House press secretary Jen Psaki said on Tuesday. "We will continue to make the case that it should be" raised, Psaki told reporters on board Air Force One. "It is not a partisan issue to want to protect the full faith and credit of the United States, and... we will continue to press for bipartisan support for moving forward." Republicans have refused to vote to increase the debt limit, citing Democrats' spending plans on infrastructure and social programs.
Persons: Joshua Roberts WASHINGTON, Joe Biden's, White, Jen Psaki, Psaki, Donald Trump's, Heather Timmons, Chris Reese, Dan Grebler Organizations: White, REUTERS, Air Force, Republicans, Thomson Locations: Washington , U.S, United States
In Tennessee, the patients first in line for the monoclonal antibody Covid-19 treatment are likely to be the ones who landed in the emergency room because they did not get vaccinated. Extraordinary demand coupled with the federal government’s need to cap shipments of these scarce drugs has forced Tennessee health officials to recommend limiting the treatment to unvaccinated patients with the worst cases of Covid-19. Tennessee, which is following the guidance of the National Institutes of Health, appears to be the first state to recommend limiting monoclonal antibody treatment to Covid-19 patients who are unvaccinated or vaccinated but immunocompromised. And all but Florida have below average Covid-19 vaccination rates. DeSantis, in particular, has touted expensive monoclonal antibody treatments (about $2,100 a dose) but has refused to mandate the far-cheaper vaccines (between $10 and $20 a dose) or proven safety measures like wearing masks.
Persons: , Sadiya Khan, Lisa Piercey, ” Piercey, , Piercey, Dr, Karen Bloch, Daniel Skovronsky, Eli Lilly, Biden, Jen Psaki, Ron DeSantis, Tate Reeves, Greg Abbott Organizations: Northwestern University Feinberg School of Medicine, Tennessean, National Institutes of Health, Vanderbilt University Medical Center, Republicans, Mayo Clinic, Company Locations: Tennessee, : Alabama, Florida , Texas , Mississippi , Tennessee, Georgia, Louisiana, Florida, COVID, Florida , Mississippi, Texas
Bypassing Republicans would likely require altering or abandoning the Senate's filibuster rule, which requires 60 of the chamber's 100 members to agree on most legislation. "As Senator Manchin said earlier this year regarding congressional action on voting rights, inaction is not an option," Schumer said on the Senate floor. In recent years, the Senate has eliminated the filibuster rule on executive branch nominations, including presidential picks for the U.S. Supreme Court. In June, all 50 Senate Republicans blocked an ambitious voting rights bill. Senate Republican Leader Mitch McConnell on Tuesday slammed the door on the new bill.
Persons: Tom Brenner WASHINGTON, Chuck Schumer, Schumer, Joe Manchin, Donald Trump's, Manchin, Trump, Mitch McConnell, Richard Cowan, David Morgan, Scott Malone, Chris Reese Organizations: U.S, Democratic, Republican, Congressional, Supreme, Republicans, Thomson
REUTERS/Jonathan ErnstWASHINGTON, Sept 21 (Reuters) - The U.S. House of Representatives on Tuesday was scheduled to debate and vote on legislation to fund the federal government through Dec. 3 and raise the nation's borrowing limit, according to the House Appropriations Committee. Democrats have the votes to pass the measure in the House, but cannot get it through the Senate without Republican support. Sometime in October, the Treasury Department will exhaust its borrowing authority unless the debt limit is raised. Republicans said they would support a temporary spending bill to avert a shutdown if the debt limit extension was stripped out of the bill. 2 House Republican Steve Scalise told a news conference.
Persons: Jonathan Ernst WASHINGTON, Nancy Pelosi, Chuck Schumer, Mitch McConnell's, Schumer, Pelosi, They’re, Republican Steve Scalise, Donald Trump's, Richard Cowan, David Morgan, Scott Malone, Dan Grebler Organizations: Capitol, J6, REUTERS, U.S . House, Republican, Senate, Treasury Department, Democrats, Social Security, Republicans, Thomson Locations: Washington , U.S, U.S
U.S. Senate Majority Leader Chuck Schumer (D-NY) holds a news conference on "Take Action for Puerto Rico" on the fourth anniversary of Hurricane Maria, on Capitol Hill in Washington, U.S., September 20, 2021. REUTERS/Tom BrennerWASHINGTON, Sept 21 (Reuters) - U.S. Senate Majority Leader Chuck Schumer on Tuesday warned Republicans that if they block an upcoming election reform bill he will maneuver to pass it with Democratic support only. Schumer did not say if or how he might alter the Senate's filibuster rule to overcome Republicans opposition. But he said in a Senate speech, "We're going to take action to make sure we protect our democracy and fight against the disease of voter suppression, partisan gerrymandering and election subversion that is metasticizing at the state level." Reporting by Richard CowanOur Standards: The Thomson Reuters Trust Principles.
Persons: Chuck Schumer, Hurricane Maria, Tom Brenner WASHINGTON, Schumer, Richard Cowan Organizations: Puerto Rico, Capitol, REUTERS, U.S, Republicans, Democratic, Thomson Locations: Hurricane, Washington , U.S
WASHINGTON — House Democrats announced Tuesday an additional $28.6 billion in disaster relief and $6.3 billion in Afghan refugee aid has been added to a stopgap spending bill that needs to passed quickly in the coming weeks to avoid a government shutdown. On Monday, Democratic leaders announced plans to attach a debt limit extension to the stopgap funding bill, setting up a showdown with Republican senators. The Treasury Department has said the debt limit will be breached sometime in October if it's not lifted, which could disrupt the U.S. economy. The House bill includes $28.6 billion to address recent disasters, including Hurricane Ida earlier this year and from last year Hurricanes Delta, Zeta and Laura, wildfires, severe droughts and winter storms, according to a release. The continuing resolution would also suspend the debt limit into December 2020, which Senate Republicans are expected to balk over.
Persons: Rosa DeLauro, Conn, it's, Hurricane Ida, We're, we're, Pete Aguilar, McConnell Organizations: WASHINGTON —, Democratic, Republican, Treasury Department, Hurricanes Delta, Republicans, United, United States Government Locations: U.S, United States
REUTERS/Jonathan Ernst/File PhotoWASHINGTON (Reuters) - U.S. House of Representatives Democrats introduced legislation on Tuesday seeking to pull back powers from the presidency, part of an effort by lawmakers to rein in the White House after what Democrats saw as overreach during the administration of former Republican President Donald Trump. House Speaker Nancy Pelosi and Representative Adam Schiff planned to introduced the bill at a news conference. During his presidency, Trump fired a series of inspectors general - watchdogs tasked with fighting corruption at federal agencies. Democrats hold only a slim majority of House seats, and House Republicans stand firmly behind Trump. Aides to House Republican Leader Kevin McCarthy did not immediately respond to a request for comment.
Persons: Nancy Pelosi, Adam Schiff, Zoe Lofgren, Benny Thompson, Jonathan Ernst, Donald Trump, , Trump, Pelosi, Kevin McCarthy Organizations: House Homeland, U.S, Capitol, REUTERS, WASHINGTON, . House, Democrats, U.S . Constitution, House Republicans, Trump, Republican Locations: Washington , U.S, U.S ., Mexico, Iran, Saudi Arabia
WASHINGTON — House Democrats plan to press forward with legislation aimed at preventing abuses of presidential power, strengthening Congress’ ability to enforce subpoenas and boosting protections for whistleblowers in what supporters of the measures say is largely a response to Donald Trump's actions as president. House Speaker Nancy Pelosi, D-Calif., will highlight the Protecting Our Democracy Act during a press conference alongside its chief sponsor, Rep. Adam Schiff, D-Calif., chairman of the House Intelligence Committee. It would also ensure that incoming presidents have access to resources for the transition period following an election and would require the disclosure of contacts between the White House and Justice Department. Democrats introduced the measure in previous Congresses. If the measure advances in the House, Democrats would need at least 10 Republicans in the Senate to support the package for it to advance to a final vote.
Persons: Donald Trump's, Nancy Pelosi, Adam Schiff, Trump, Donald Trump, Paul Manafort, Roger Stone, Steve Bannon, Michael Flynn Organizations: WASHINGTON —, Democrats, House Intelligence, Protect, White, Justice Department, House, Republicans
WASHINGTON (Reuters) - The fundraising arm of the Democratic Party boosted cash transfers to its Virginia state affiliate in August as the party seeks to hold on to the state’s governorship in a closely fought Nov. 2 election. REUTERS/Evelyn HocksteinA campaign finance disclosure filed on Monday showed the Democratic National Committee (DNC) gave nearly $700,000 last month to the Democratic Party of Virginia. That roughly equaled the sum the DNC had transferred to the state party in the prior six months. Former Virginia Governor Terry McAuliffe, a Democrat, is facing Republican businessman Glenn Youngkin in the gubernatorial election. Current Virginia Governor Ralph Northam, a Democrat, cannot seek re-election because of a state rule barring governors from serving consecutive terms.
Persons: Terry McAuliffe, Evelyn Hockstein, Glenn Youngkin, Joe Biden’s, McAuliffe, Ralph Northam, Phil Murphy, Jack Ciattarelli, Murphy, Gavin Newsom, Newsom Organizations: WASHINGTON, Democratic Party, REUTERS, Democratic National Committee, Democratic Party of Virginia, DNC, Former Virginia, Democrat, Republican, New, U.S . House, New Jersey Democratic, Republican National Committee, RNC, Democratic, Republicans, U.S, Federal, Commission Locations: Virginia, Arlington , Virginia, U.S, New Jersey, California
He has called for Democrats to raise the debt ceiling on their own through a special budget process. Republicans supported raising the debt ceiling three times during the Trump administration. Yes, you've seen this movie before: President Joe Biden and McConnell played major parts in it too. Spurred on by the tea-party movement, Republicans sought to use raising the debt ceiling as a political cudgel against the Obama White House in 2011. Anxiety about congressional action over the debt ceiling didn't help matters either.
Persons: Phil Rosen, Mitch McConnell, Nancy Pelosi, Alex Wong, Kevin Dietsch, Mitch McConnell isn't, McConnell, Donald Trump —, Trump, Janet Yellen, you've, Joe Biden, John Durham's, Michael Sussmann, aren't, Justin Trudeau, DAVE CHAN, Alejandro Mayorkas, Jen Psaki, Alan Braid, San Antonio, Oscar Stilley, Stilley, BioNTech, Brian Laundrie's, fiancée, Gabby Petito, Dow, Emily Zugay, Benedict Arnold Organizations: iOS, Android, Republicans, Washington, Obama White House, Clinton, Democratic, Canadian, Getty, DHS, Federal, Associated Press, Homeland, White, The Washington Post, Pfizer, Food and Drug, CNN, Johns Hopkins University, FBI, Authorities, NASCAR Locations: AFP, Mexico, Texas, Arkansas, The Washington, Florida, China, Wisconsin, Saratoga
But it has become ensnared in partisan politics, with Republicans refusing to allow a debt ceiling increase at a time when Democrats control Congress and the White House. Mr. Biden will argue that a lot has, and insist he is not spinning toward a Cold War with China. The allies recognize, of course, the differences between Mr. Biden and Mr. Trump. But in conversations over the past two weeks, they say they have new concerns about the United States. Al Sharpton, who said he was nervous that Mr. Biden would not follow up his lofty statements and speeches with action.
Persons: Mitch McConnell, Roy Blunt, John Barrasso, John Thune, Joni Ernst, Al Drago, , Rosa DeLauro, Mitch McConnell of, McConnell, Trump, Biden, Doug Mills, Biden’s, Donald J, , Mr, ’ ’ Jen Psaki, Emmanuel Macron, , António Guterres, Scott Morrison of Australia, Xi, Kenny Holston, I’m, Al Sharpton, ” Mr, Sharpton, Read, Kiana, , Fort, Camp Atterbury, ‘ don’t, Jim Wilson, Barack Obama, Kayla Williams, Ms, Williams, McDonough, Denis R, “ Don’t, Bill Clinton, Acuna, Paul Ratje, D.H.S, ” D.H.S, Jen Psaki, Alejandro N Organizations: Capitol, ., The New York Times, Republicans, Treasury Department, White, Democratic, Treasury, Republican, Democrats, General, Video, Credit, New York Times, General Assembly, Bowl, Trump, United Nations, Assembly, Senate, The New York, Disease Control, White House, United States, Dulles International, Virginia Department, Health’s, Marine Corps Base, Holloman Air Force Base, Joint, McGuire, Dix, Veterans, New York Times Veterans, Department of Veterans Affairs, Public, Intergovernmental Affairs, Security, United States Border Patrol, Acuna Del, AFP, . Border Patrol, Department of Homeland Security, Twitter, Border Patrol, Al, U.S . Department of Homeland Security Locations: . Credit, United States, Connecticut, Mitch McConnell of Kentucky, Afghanistan, Afghan, China, Kabul, France, America, New York, Australia, U.S, Beijing, Washington, United, Virginia, Marine Corps Base Quantico, Fort Lee, Fort Pickett, New Mexico, Fort McCoy, Wisconsin, Fort Bliss, Texas, Lakehurst, New Jersey, Indiana, San Francisco, Rio Grande, Acuna Del Rio, Del Rio , Texas, Mexico, Rio, Al Jazeera, White, Del Rio
S&P 500 - % Dow - % Nasdaq - %Stocks begin to stabilize after a rout set off by China’s property market woes. The global growth outlook for 2021 was revised down slightly to 5.7 percent, from 5.8 percent. Erin Woo Despite having signed an N.D.A., Gangakhedkar printed out some documents and took them home when she left Theranos. Erin Woo Cheung said they were constantly having to recalibrate the machines, which made results take 2-3 days rather than the couple hours promised. Erin Woo Cheung just said she “became concerned about a month in” with the vitamin D samples, in November of 2013.
Persons: Ng Han Guan, Evergrande, hadn’t, ” Lauren Goodwin, , ” Joseph Kalish, Ned Davis, Andy Wong, China Evergrande, Xu Jiayin, , Zhiwu Chen, Adnan Abidi, ” Laurence Boone, Boone, Ms, ” Read, Fortune, Alyson Shontell, Roy Rochlin, Shontell, Alan Murray, “ Alyson, Shontell’s, Clifton Leaf, Brian O’Keefe, Sally Buzbee, Julie Pace, Axios, Sara Kehaulani Goo, Aja Whitaker, Moore, Taylor Swift, Drake, Billie Eilish, Mario Anzuoni, Lucian Grainge, Bob Dylan’s, William A, Vincent Bolloré, Read, Philip Cheung, ” Bernadette Del Chiaro, Del Chiaro, Joyia, Arnold Schwarzenegger’s, Biden’s, Audra Melton, Peter S, Goodman, Samuel Darguin, Elizabeth Holmes, Erin Griffith, Erin Woo, , Judge Davila, — Erin Griffith, Gangakhedkar, Holmes, Balwani, Cheung, Surekha Gangakhedkar, Erin Woo Cheung, she’d, Erin Woo Erika Cheung, We’re, Erika Cheung, Erin Griffith That’s, S., O.P., ory Organizations: Dow, Associated Press, Nikkei, Mizuho, New York Life Investments, Federal, Republicans, Ned, Ned Davis Research, Democratic, Associated, Beijing, University of Hong, Reuters, Organization, Economic Cooperation, Development, Business, Washington Post, Vivendi, Universal, Reuters Vivendi, Music, Apple, Spotify, Facebook, Pershing, Universal Music, Securities and Exchange Commission, The New York Times, , and Storage Association, Superior, of, Contractors State, Gov, Energy Department, Utilities, California Public Utilities Commission, Credit, Factories, Haitian American Caucus, Google, Coast, Royal Dutch Shell, ConocoPhillips, Shell, Chesapeake Energy, Activision Blizzard, Activision, Stanford University, Twitter, Walgreens Locations: Beijing, China, Europe, Asia, Hong Kong, Japan, University of Hong Kong, New Delhi, U.S, Paris, United States, Germany, France, Italy, Spain, Clifton, Billie Eilish ., Amsterdam, Tencent, California, Los Angeles, of California, San Francisco, Alabama, Haiti, New York, Manhattan, Hudson, St, piecing,
S&P 500 - % Dow - % Nasdaq - %Stocks rebound from S&P 500’s worst day since May. Erin Woo Cheung said they were constantly having to recalibrate the machines, which made results take 2-3 days rather than the couple hours promised. Erin Woo Cheung just said she “became concerned about a month in” with the vitamin D samples, in November of 2013. Erin Woo In the courthouse now for another day of the Elizabeth Holmes trial. Image Universal Music is the world’s largest music company, boasting a roster that including Taylor Swift, Drake and Billie Eilish.
Persons: Evergrande, hadn’t, ” Lauren Goodwin, , ” Joseph Kalish, Ned Davis, Eshe Nelson, Andy Wong, China Evergrande, Xu Jiayin, , Zhiwu Chen, Elizabeth Holmes, Erin Griffith, Erin Woo, , Wade, Gangakhedkar, Surekha, Lance Wade, Judge Davila, — Erin Griffith, Read, Holmes, Balwani, Cheung, Surekha Gangakhedkar, Erin Woo Cheung, she’d, Erin Woo Erika Cheung, We’re, Erika Cheung, Erin Griffith That’s, S., ory, O.P. Organizations: Dow, Wall, China Evergrande Group, Nikkei, Mizuho, New York Life Investments, Federal, Republicans, Ned, Ned Davis Research, Democratic, Associated, Beijing, University of Hong, Stanford University, Twitter, Defense, Holmes, Walgreens Locations: China, Europe, Asia, Hong Kong, Japan, Beijing, University of Hong Kong, San Jose, , idence,
Congress is struggling to pass Biden's economic agenda, and even faces a default and government shutdown. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona are demanding that the $3.5 trillion social spending bill be trimmed down. Up to 10 moderates in the House are also threatening to let the infrastructure bill fail rather than back tax hikes, Politico reported. They're seeking to have it ready by September 27, a deadline imposed by Speaker Nancy Pelosi so they could approve in tandem a separate bipartisan infrastructure bill focused on roads and bridges. Congress also accrued nearly $8 trillion in debt on the back of bipartisan spending deals and coronavirus relief packages under President Donald Trump.
Persons: Joe Biden's, Joe Manchin, Kyrsten, Manchin, Reagan, Nancy Pelosi, Biden, I've, Sen, Tim Kaine, Virginia, Pramila, Rep, Alexandria Ocasio, Cortez, Peter DeFazio of, Mitch McConnell, John Thune of, John Barrasso, Alex Brandon, Jason Furman, We've, Furman, McConnell, Trump, Donald Trump, Sherrod Brown, midterms, Joe Biden, that's, John Yarmuth of, Yarmuth, Nancy Organizations: Service, Congressional, Politico, Democratic, Congressional Progressive Caucus, Cortez of New York, House Transportation, Infrastructure, Capitol, Kentucky Republican, Republican, GOP, Republicans, Banking Committee, Arlington National Cemetery, AP Locations: West Virginia, Arizona, Washington, Alexandria, Cortez of New, Peter DeFazio of Oregon, John Thune of South Dakota, Harvard, John Yarmuth of Kentucky
Congress is sparring again over raising the debt ceiling. Here's what the debt ceiling is, and why it's so dangerous for the US economy. If that sounds familiar, you already know a fair deal about the "debt ceiling." The debt ceiling was introduced in 1917 to encourage the government to slow its borrowing. Raising the debt limit is also about dealing with past spending both parties racked up during the Trump administration, they say.
Persons: it's, Mitch McConnell, It's, Obama, Nancy Pelosi, Chuck Schumer, Trump, Donald Trump, Pelosi, Schumer, David Kelly, Kelly Organizations: Service, Senate, Democratic, Social, Treasury Department, US, Republicans, House Republicans, GOP, JPMorgan Funds
Each of the 435 US House offices essentially operates as its own fiefdom for setting vaccination rules. Some Democratic staffers told Insider they have been wary of sharing spaces in the cafeterias, bathrooms, and staircases. Josh Hawley of Missouri, Ron Johnson of Wisconsin, and John Barrasso of Wyoming told Insider they would not be forcing their employees to get the shot. "They know working for me that I'm not going to mandate it," Johnson, who previously had COVID-19 and has said he's unvaccinated, told Insider. "Most of us think the mandates are garbage," Jackson told Insider of Republicans' position on Biden's COVID vaccination mandates.
Persons: Joe Biden's, Jim Jordan of, Jordan, , Marjorie Taylor Greene, Aaron Fritschner, Don Beyer of Virginia, telework, Sen, Josh Hawley, Drew Angerer, Republican Sen, Richard Burr of, Ron Johnson of, John Barrasso of, I'm, Johnson, he's unvaccinated, Barrasso, Paul Gosar of, Gosar, Ronny Jackson, Donald Trump's, Jackson, Lauren Boebert, she'd, James Comer, aren't, Nancy Pelosi, Brian Monahan, Anna Moneymaker, Don Beyer, Fritschner, Ben Cardin, Cardin, Sean Casten, I've, knuckleheads, Casten, they've, It's, Keith Pray, Tom Casey Organizations: Capitol, Republican, Republicans, Insider, Democratic, Rep, Democratic Rep, Employment, Sens, House, Biden, Twitter, Kentucky Republican, of Labor, Education, Human Services, Getty, Virginia Democrat, Visitors, Lawmakers Locations: COVID, Jim Jordan of Ohio, Georgia, , Missouri, Richard Burr of North Carolina, Josh Hawley of Missouri, Ron Johnson of Wisconsin, John Barrasso of Wyoming, Paul Gosar of Arizona, Texas, Colorado, Kentucky, Washington, Virginia, Maryland, Illinois
Rep. Norma Torres (D-CA) speaks during a House Rules Committee hearing on the impeachment against U.S. President Donald Trump, on Capitol Hill in Washington, U.S., December 17, 2019. Democrats sent the bill to the full House after a law took effect in Texas early this month that almost completely bans abortion in the state. "Action is both urgent and necessary," said Representative Norma Torres during a hearing of the House Rules Committee, which voted 9-4 along party lines to advance the legislation to the full House. Republicans attacked the legislation, arguing that it would expand access to abortions beyond the intent of Roe v. Wade. "It's the fiercest assault on the unborn since Roe was decided," said Representative Tom Cole, the senior House Rules panel Republican.
Persons: Norma Torres, Donald Trump, Jacquelyn Martin, Roe, Wade, Tom Cole, Richard Cowan, Scott Malone, Peter Cooney Organizations: U.S, Capitol, REUTERS, U.S . House, Representatives, Republican, Democratic, Senate, Democrats, Republicans, Reuters, Thomson Locations: Washington , U.S, REUTERS WASHINGTON, U.S, Texas
The article was cited by Trump attorney John Eastman in a two-page memo. Per Eastman, Pence could decide to reject those certificates in favor of competing, unofficial slates put forward by pro-Trump contingents in each state. Or Pence could decide not to accept any battleground slate, giving Trump a majority of the electors counted. "This reading of the 12th Amendment has also been advanced by Harvard Law Professor Laurence Tribe," Eastman claimed, citing a September 2020 article co-written by the former Obama administration official. The former vice president ultimately rejected Eastman's advice — "No wonder it couldn't fool even Mike Pence," Tribe wrote.
Persons: Laurence Tribe, John Eastman, Donald Trump's, Trump, Mike Pence, Pence, Per Eastman, Eastman, Obama, . Tribe, Tribe, Eastman — Organizations: Electoral College, Trump, Service, CNN, Representatives, Eastman, Senate —, Harvard, Electoral, Pennsylvania Republicans, Democratic, Twitter, Congress, Capitol, The Claremont Institute Locations: Arizona , Georgia, Pennsylvania
Failing to lift the debt ceiling would spark a recession similar to the financial crisis, Moody's said Tuesday. Nearly six million jobs would be erased and tanking stocks would cost Americans $15 trillion. Democrats are pushing forward with their own bill to suspend the debt limit, allowing the government to keep borrowing cash and paying off its bills. The White House told state and local governments on Friday that failure to lift the debt ceiling would force stark cuts to federal support. Congress's last-minute negotiations over the debt ceiling are similar to kids playing with a "box of dynamite," he said in a September 13 note.
Persons: Moody's, Janet Yellen, Mark Zandi, Biden, David Kelly, Mitch McConnell, Chuck Schumer Organizations: Service, Gross, White House, FEMA, JPMorgan, Republicans, GOP Locations: COVID
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