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☆ Watch live: Biden warns of GOP plans to curb access to health-care
▼ + stars: | 2023-02-28 | by ( Emma Kinery | ) www.cnbc.com time to read: +2 min

Republicans have insisted that Biden cuts spending as part of a deal to raise the debt limit — a proposition Biden won't negotiate. Biden met with House Speaker Kevin McCarthy at the White House earlier this month to discuss the topic, but no agreements were made. Biden has asked House Republicans to lay out their own budget proposal with the desired spending cuts before nitpicking at his. Because McCarthy has yet to present a budget proposal, it is unclear how many of the ideas cited by Biden are being actively considered by House GOP. McCarthy has said cuts to the popular Social Security and Medicare programs are "off the table" in any debt ceiling talks.

☆ How the Supreme Court may approach Biden's student-loan forgiveness plan
▼ + stars: | 2023-02-28 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +7 min

The Supreme Court will hear oral arguments on Tuesday on Biden's student-loan relief plan. Supporters say the relief is lawful, while opponents say Biden's policy is unconstitutional. The states claim that MOHELA will lose revenue from servicing loans because of Biden's relief. Concerning the constitutionality of Biden's plan, advocates on both sides say they feel confident their respective views will prevail at the Supreme Court. The Supreme Court is expected to hand down its decisions by June.

☆ US House Republicans target ESG investments in latest culture war salvo
▼ + stars: | 2023-02-28 | by ( David Morgan | ) www.reuters.com time to read: +3 min

The measure is the latest salvo in the Republican culture war against the use of issues that promote environmental interests, social equality and corporate responsibility in business and investment decisions. "Retirement plans should be solely focused on delivering maximum returns, not advancing a political agenda," said Republican Representative Andy Barr, who introduced the House resolution. "If Congress doesn't block the Department of Labor's rule greenlighting ESG investing in retirement plans, retirees will suffer diminished returns on the investment of their hard-earned money." The measure is widely expected to pass the House, where Republicans hold a slim 222-212 seat majority. Two Democratic absences could give Republicans the simple majority necessary to pass the measure and send it to Biden's desk.

☆ The Democrats' latest strategy is making Marjorie Taylor Greene the face of the GOP
▼ + stars: | 2023-02-14 | by ( Madison Hall | ) www.businessinsider.com time to read: +5 min

But that could come back to haunt Republicans as Democrats increasingly try to paint her as one of the faces of the party. And while many Republicans came out against the plan, Democrats — especially President Joe Biden — have used it as a cudgel against the GOP. And while Democrats lost control of the House, they lost far fewer seats than expected, partly due to utilizing Scott's messaging against the GOP. Democrats can use Greene to their advantageNow as Greene continues to gain power and authority in the GOP and Congress, Democrats have the opportunity to use her own actions and words against the GOP as a whole. There's the possibility that giving Greene larger platform could backfire on Democrats.

☆ Republicans called Biden a 'liar' for saying some of them wanted to sunset Social Security and Medicare. But there are several examples of lawmakers supporting cuts or weakening programs.
▼ + stars: | 2023-02-09 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

Speaker Kevin McCarthy has said cuts to Social Security and Medicare are off the table. House Speaker Kevin McCarthy has insisted that cuts to Medicare and Social Security are off the table. But there are several examples of Republicans suggesting cutting or weakening Social Security, Medicare, and Medicaid. "I want to save Social Security," Johnson said, according to local WKOW. It also involved decreasing Social Security benefits over time and for higher-earning retirees, as well as increasing Medicare premiums for some.

WASHINGTON — House Speaker Kevin McCarthy said he had a "very good discussion" with President Joe Biden at the White House on Wednesday about the looming debt ceiling and federal spending. The White House readout of the meeting reflected McCarthy's sentiments, stating the two had a "frank and straightforward dialogue" as part of an ongoing conversation. "It is their shared duty not to allow an unprecedented and economically catastrophic default," the White House statement read. The House speaker later said the meeting had gone better than he expected. The White House said the president agrees that addressing the national debt is a priority, but it should be a separate conversation.

☆ We could soon be facing the biggest financial crisis in history as Republicans threaten to stop paying America's bills
▼ + stars: | 2023-01-19 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +11 min

Republicans are using the debt ceiling as leverage to achieve spending cuts on Democratic priorities. But failing to raise the debt ceiling by the summer could cause the US to default on its debt. Consequences of default are dire, and Biden has urged the GOP to not bargain with the debt limit. "Failure to raise the debt limit will not reduce our debt, but it would wreck the economy if it led to a default. "When you talk about the trillion dollar platinum coin, it sounds very silly — and it is really silly!"

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.

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.

☆ Thousands march in Peru, demanding resignation of leftist President Castillo
▼ + stars: | 2022-11-06 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

[1/5] People carry a Peruvian flag, during a protest against the government of Peru's President Pedro Castillo, in Lima, Peru November 5, 2022. REUTERS/Sebastian CastanedaLIMA, Nov 5 (Reuters) - Thousands of people took to the streets across Peru on Saturday to demand the resignation of embattled President Pedro Castillo, a leftist whose government is under investigation for corruption. Castillo, who took office in July last year, has already survived two impeachment attempts. Opposition legislators are seeking a fresh trial against the president even though Congress recognized it would not gather sufficient votes. In October, Peru's attorney general filed a constitutional complaint against Castillo with Congress that the right-wing opposition hopes will end in his removal from office.

☆ As Election Day approaches, Democrats warn that Social Security and Medicare are at stake
▼ + stars: | 2022-11-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

He also pointed to impending risks to Social Security based on plans floated by certain Republican lawmakers, namely Sens. What's more, it would mean letting two of the most important laws that established Social Security and Medicare expire, he said. It is unclear what his opponent Kean's stance is on Social Security and Medicare. While that's in keeping with years past, the difference this year is Social Security has been more of a front-burner issue. "Usually, it's a lot of lip service to Social Security and how they think it's a great program."

☆ What's at stake in this week's congressional vote to keep the government open, including Manchin's push to make it easier to build fossil fuel projects
▼ + stars: | 2022-09-26 | by ( Jason Lalljee | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

The government could face its first shutdown in years if Congress doesn't pass a short-term funding bill this week. Sen. Joe Manchin's push for a bill to streamline fossil fuel projects is the major holdup. Some details of the CR have circulated, although it hasn't been officially announced yet — but the major roadblock is Manchin's permitting reform proposal. Preventing a shutdown with short-term fundingTraffic is piling up around Manchin's bill, but the rest of the resolution faces less pushback. Some progressives and environmentalists have defended aspects of Manchin's bill.

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