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Search resuls for: "Emma Kinery Christina Wilkie"


3 mentions found


☆ Biden to meet with congressional leaders as U.S. inches closer to debt ceiling deadline, possible default
  + stars: | 2023-05-09 | by ( Emma Kinery Christina Wilkie | Emma Kinery | Christina Wilkie | ) www.cnbc.com   time to read: +5 min
WASHINGTON — President Joe Biden will meet with congressional leaders Tuesday as Washington scrambles to lift the debt ceiling with less than a month before the federal government is set to run out of money. Lifting the debt ceiling is necessary for the government to cover spending commitments already approved by Congress and the president and prevent default. But House Republicans have said they will not lift the limit if Biden and lawmakers do not agree to future spending cuts. The White House has stressed that while it is open to discuss spending cuts, it will not negotiate with Republicans on the debt ceiling. If the meeting is indeed a negotiation, then the bill House Republicans passed last month effectively serves as the GOP's opening offer to the White House.
☆ Biden says three recently downed aerial objects were not linked to Chinese spy program
  + stars: | 2023-02-16 | by ( Emma Kinery Christina Wilkie | Emma Kinery | Christina Wilkie | ) www.cnbc.com   time to read: +3 min
"We don't yet know what these three objects were, but nothing right now suggests that they were related to China's spy balloon program or that they surveillance vehicles from any other country," Biden said at the White House. "At the end of the day, their surveillance balloon was indeed in our airspace," she said. Less than a week after the spy balloon was destroyed, the first of three more objects was taken down in waters above the Arctic Ocean on Friday. The size of a small car and floating at 40,000 feet, this object was much smaller than the Chinese balloon. As of Thursday, the White House says it has recovered key surveillance technology from the Chinese balloon.
☆ House Majority Leader Scalise sidesteps thorny question of whether Congress would allow U.S. to default on its debt
  + stars: | 2023-01-10 | by ( Emma Kinery Christina Wilkie | Emma Kinery | Christina Wilkie | ) www.cnbc.com   time to read: +5 min
US House Majority Leader Steve Scalise, Republican of Louisiana, speaks alongside House Republican Conference Chair Representative Elise Stefanik (L), Republican of New York, as they speak during a press conference on Capitol Hill in Washington, DC, January 10, 2023. House Republican Majority Leader Steve Scalise sidestepped thorny questions Tuesday on whether Congress would allow the U.S. to default on its debt after lawmakers adopted new rules making it more difficult to raise federal limits. It includes the total amount of federal debt outstanding, about $24.5 trillion, as well as the nearly $6.9 trillion the government has borrowed from itself. "America over time occasionally hits the debt ceiling because it's like a credit card limit," Scalise, R-La., said at a press conference in the Capitol building. The last major rift over the debt ceiling was in late 2011, driven by holdout from a newly-elected Republican congressional majority.
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