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The US could run out of money to pay its obligations as soon as June 1, as the debt ceiling looms. The White House is warning that a protracted default could be as bad as the Great Recession. Even though Speaker of the House Kevin McCarthy's bill passed the House last week, it faces a highly likely rejection in the Democratic-controlled Senate and White House. As Insider previously reported, there are some options on the table to avert a debt ceiling crisis while avoiding congressional drama. Another option would be invoking a clause in the 14th amendment that would declare the debt ceiling unconstitutional.
One potential solution: Minting a trillion-dollar platinum coin to pay off debts and avert disaster. Some economists say that means it's time for a break-the-glass option: A trillion-dollar coin. The coin — which doesn't need to be bigger than your average purse change, and can be made quickly — is part of a potential debt ceiling loophole. Yes, a trillion-dollar coin is silly, but would Biden "rather not look silly and hurt seniors and hurt Medicare than the other way around?" Yellen has been critical of that route as well, saying in 2021 that she believes it is Congress' job to raise the debt ceiling.
McCarthy told reporters in the U.S. Capitol. Biden said Congress must raise the debt ceiling without conditions, as it did three times under Republican President Donald Trump. It could be difficult for Congress to raise the debt ceiling before then if House Republicans are unable to unite behind a proposal, analysts say. Treasury Secretary Janet Yellen warned on Tuesday that a failure to raise the debt ceiling would trigger a "financial catastrophe" that would sharply raise the cost of borrowing money. Manhattan Institute senior fellow Brian Riedl gives House Republicans a 50-50 chance of passing the legislation this week.
A Little Work Never Hurt Anyone—Including Teenagers
  + stars: | 2023-04-12 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
Opinion: Don't count DeSantis out yet
  + stars: | 2023-04-11 | by ( Patrick T. Brown | ) edition.cnn.com   time to read: +7 min
A third Trump presidential nomination would indicate that Republican primary voters may prefer style over substance. But if they are serious about not just making liberals mad but advancing actual policy, GOP voters should consider other names, starting with the Florida governor. Recognizing key figures and institutions on the right in this way suggests a DeSantis administration would be serious about delivering on conservative principles. In short, DeSantis offers Republicans a glimpse into what a successful conservative approach to governing could look like. If GOP voters decide their primary operating principle is to enrage the media and “own the libs,” they will nominate Trump.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWork from home and higher crime? Higher crime rates in cities with lower in-person workHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Rafael Manual, senior fellow and deputy director of legal policy at the Manhattan Institute, and Thomas Edsall, professor at Columbia Graduate School of Journalism, join the show to discuss how remote work has been hitting cities.
Mike Pence Takes the First Swing at Donald Trump
  + stars: | 2023-03-15 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBreaking down the problems with the current social security systemAllison Schrager, senior fellow at the Manhattan Institute, and David Gamage, Indiana University law professor, join 'Squawk Box' to discuss the idea of raising social security, the general issues with social security, and more.
How Legalizing Pot in New York City Became a Farce
  + stars: | 2023-02-15 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
Black Students Need Better Schools, Not Lower Standards
  + stars: | 2023-02-08 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
Byron Donalds Schools Joy Reid on Social Security
  + stars: | 2023-01-25 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
Biden Gives a Boost to Schoolyard Bullies
  + stars: | 2023-01-18 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
The Economic and Human Costs of Protecting Criminals
  + stars: | 2023-01-12 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
Revised third-quarter GDP up 3.2% compared with prior 2.9%
  + stars: | 2022-12-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRevised third-quarter GDP up 3.2% compared with prior 2.9%Allison Schrager, Manhattan Institute senior fellow, Julia Coronado, president and founder of Macropolicy Perspectives, and CNBC's Rick Santelli and Steve Liesman join 'Squawk Box' to discuss the revised third-quarter GDP data and more.
Charter Schools’ Success Makes Them a Political Target
  + stars: | 2022-12-14 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
Who’s Afraid of Randi Weingarten?
  + stars: | 2022-12-07 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
While Republicans sought to seize on that economic anxiety during the campaign, most candidates provided few specifics. “The GOP still doesn’t know what its economic policy is in a post-Trump world,” said Brian Riedl, who worked for six years as chief economist for Republican Sen. Biden said he has no plans to change his approach to the economy, despite voters’ sentiments, making a shift toward a compromise with Republicans on economic policy seemingly unlikely. “That means there will be a lot less economic policy. “Republicans are going to need to deliver on the economy, especially if the economy is worsening and inflation is worsening,” said Riedl.
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
The GOP’s 2022 Midterm Slate Is More Diverse Than Ever
  + stars: | 2022-10-27 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
The College Board’s Racial Pandering
  + stars: | 2022-09-28 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
Jason L. RileyJason Riley is an opinion columnist at The Wall Street Journal, where his column, Upward Mobility, has run since 2016. He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
Memphis’s Problems Are Only Going to Get Worse
  + stars: | 2022-01-26 | by ( Jason L. Riley | ) www.wsj.com   time to read: +1 min
He is also a senior fellow at the Manhattan Institute and provides television commentary for various news outlets. Mr. Riley joined the paper in 1994 as a copy reader on the national news desk in New York. He moved to the editorial page in 1995, was named a senior editorial page writer in 2000, and became a member of the Editorial Board in 2005. He joined the Manhattan Institute in 2015. Born in Buffalo, New York, Mr. Riley earned a bachelor's degree in English from the State University of New York at Buffalo.
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