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LOS ANGELES (AP) — Two days into Habitat for Humanity's annual Jimmy and Rosalynn Carter Work Week Project, hosted by Garth Brooks and Trisha Yearwood, and the country legends were feeling the burn. Political Cartoons View All 1199 ImagesBrooks and Yearwood first became involved with Habitat for Humanity following Hurricane Katrina and were named Habitat Humanitarians in 2016. Yearwood says they’ve built alongside the former president and first lady on every annual work project they’ve participated in, with the exception of this one. Yearwood also told The Associated Press she's working on new music, writing when the songs come to her, but there's no rush. Inclusion, inclusion, inclusion.

Persons: Jimmy, Rosalynn Carter, Garth Brooks, Trisha Yearwood, Yearwood, It’s, Jimmy Carter's, “, Carter, you’ve, Brooks, they’ve, ” Brooks, ” Organizations: ANGELES, Habitat, Associated Press, Las Locations: Charlotte , North Carolina, Las Vegas, Vegas

☆ Jimmy Carter is 99 years old. Carter's grandson says exercise is the key to the former president's longevity.
▼ + stars: | 2023-10-01 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Presidential grandson Jason Carter credits exercise to former President Jimmy Carter's longevity. Jason Carter told Time that his grandfather would likely attribute his longevity to his marriage. AdvertisementAdvertisementFormer President Jimmy Carter turned 99 years old on Sunday and remains the longest living commander-in-chief in US history. And as Jimmy Carter and former First Lady Rosalynn Carter celebrate the momentous occasion this weekend with family and friends, the former president's grandson, Jason Carter, pointed to exercise as the reason for the ex-president's longevity. In a photograph from September 1966, then Georgia State Sen. Jimmy Carter hugs his wife, Rosalynn, at his Atlanta campaign headquarters.

Persons: Jason Carter, Jimmy Carter's, —, Jimmy Carter, Rosalynn Carter, Sen, Rosalynn, Horace Cort, Gerald Ford, Ronald Reagan Organizations: Service, Georgia Democratic, Associated Press, Carter Center, White, California Gov Locations: Georgia, Atlanta, Washington

ATLANTA (AP) — Jimmy Carter has always been a man of discipline and habit. The latest round includes a flood of messages from world leaders and pop culture figures donning “Jimmy Carter 99” hats, with many of them focusing on Carter’s four decades of global humanitarian work after leaving the Oval Office. The year Carter was born, Congress passed sweeping immigration restrictions, sharply curtailing Ellis Island as a portal to the nation. As governor and president, Carter set new marks for appointing Black Americans to top government posts. At 99, Carter’s Sunday online church circuit includes watching Georgia’s first Black U.S. senator, the Rev.

Persons: Jimmy Carter, Rosalynn, it’s, ”, Jason Carter, Carter, Donna Brazile, “ He’s, ” Jill Stuckey, “, Jimmy, Rosalynn Carter, He’s, Katie Couric, Bill Clinton, ” Clinton, It’s, Peter Gabriel, concertgoers, Republican Ronald Reagan’s, —, Roslaynn Carter, Joe Biden, Biden, Ellis, Reagan, Jim Crow, Georgia’s, Raphael Warnock Organizations: ATLANTA, Georgia Senate, The Carter, White, Democratic, Plains, White House, Habitat, Carter Library & Museum, Republican, House, Ku Klux Klan, Black, U.S, Ebenezer Baptist Church, Supreme Locations: Georgia, U.S, Guinea, United States, Madison, Atlanta, Iran, Delaware, Washington, Ebenezer, Carter’s

☆ Photos: Jimmy Carter's life in pictures
▼ + stars: | 2023-10-01 | by ( ) edition.cnn.com time to read: 1 min

Former US President Jimmy Carter turned 99 on Sunday. The 39th president began receiving hospice care at his home in Georgia in February, according to a statement from The Carter Center. The peanut farmer from Plains, Georgia, and US Navy lieutenant served a single term from 1977 to 1981. Championing human rights at the center of US foreign policy, Carter forged a still-standing peace treaty between Egypt and Israel. Shortly after, Carter and his wife, Rosalynn, established The Carter Center, which has monitored international elections and promoted public health across the world.

Persons: Jimmy Carter, Carter, Rosalynn, George H.W, George H.W . Bush Organizations: Carter, US Navy, Department of Energy Locations: Georgia, Plains , Georgia, Egypt, Israel, George H.W .

☆ Americans celebrate Jimmy Carter's 99th birthday as he receives hospice care
▼ + stars: | 2023-09-30 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

Former U.S. President Jimmy Carter reacts as his wife Rosalynn Carter (not pictured) speaks during a reception to celebrate their 75th wedding anniversary in Plains, Georgia, U.S. July 10, 2021. John Bazemore/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Sept 30 (Reuters) - Americans celebrated the 99th birthday of former President Jimmy Carter this weekend, with the White House putting up a wooden cake display on its north lawn and the Carter library in Georgia hosting a party for the public. Carter, a Democrat who served as U.S. president from January 1977 to January 1981, is in hospice care after deciding in February to decline additional medical intervention. In Atlanta, the Jimmy Carter Presidential Library & Museum hosted a celebration that it said would feature cake, games, trivia and a food truck. He and his wife, Rosalynn Carter, who has dementia, took an outing a week ago to attend the annual peanut festival in their hometown of Plains, Georgia.

Persons: Jimmy Carter, Rosalynn Carter, John Bazemore, Carter, Carter's, Jason, Jeff Mason, Leslie Adler Organizations: U.S, Rights, White, Jimmy Carter Presidential Library & Museum, New York Times, Thomson Locations: Plains , Georgia, U.S, Georgia, Atlanta, Washington

☆ Jimmy Carter's hometown honors the ex-president as a global humanitarian -- and a good friend -- as he turns 99
▼ + stars: | 2023-09-30 | by ( Christina Maxouris | ) edition.cnn.com time to read: +11 min

Plains, Georgia CNN —More than 14,000 people have written to Jimmy Carter for his 99th birthday. Birthday wishes for Jimmy Carter are seen Thursday in a book at The Carter Center in Atlanta. “I talk to people every day of the week and listen to their stories about Jimmy Carter and how they interacted,” he said. Jimmy Carter's grandson Jason Carter, center, looks Thursday at a digital mosaic of his grandfather at The Carter Center. “It was like that message from President Carter was to encourage my heart,” Hightower said.

Persons: Georgia CNN —, Jimmy Carter, Carter, Rosalynn, Austin Steele, –, Mr, Jimmy, ”, Jason Carter, Brendan Smialowski, Doris Day’s, Bobby Salter, Philip Kurland, Millard Fillmore, Kurland, Matt McClain, “, ” Kurland, ‘ I’m, Eugene Edge Sr, ” Edge, ” Jan Williams, Williams, Amy, Jan Williams, Amy Carter, we’ve, we’re, it’s, Paige Alexander, Jimmy Carter's, CNN Carter, ” Jason Carter, they’ve, ” Carter, ‘, he’s, Bonita Hightower, Bonita's, Hyosub Shin, Zuma, Hightower, ” Hightower Organizations: Georgia CNN, The Carter, CNN, Getty, Trading, Plains, Washington Post, US Navy, Maranatha Baptist Church, House, Carter, “ CNN, Jimmy Carter Presidential Library, Museum, Atlanta Braves, Constitution, TNS Locations: Plains, Georgia, Ohio, Switzerland, Ecuador, Costa Rica, Europe, Australia, United States, Atlanta, Plains , Georgia, AFP, Plains City, “, ”, Hyosub

☆ Lina Khan vs. Amazon - The New York Times
▼ + stars: | 2023-09-27 | by ( Cory Doctorow | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission’s chair, Lina Khan, has brought her long-awaited, audacious case against Amazon, signaling the Biden administration’s determination to restore an approach to competition law that has been in decline since the Carter administration. But Amazon is precisely the kind of company that Congress had in mind in enacting America’s many antitrust laws. The robber barons of that era hijacked the economy and politics, but they also faced the constraints of empires grounded in physical goods. Today’s tech barons at huge platforms like Amazon, Google and Meta can deploy anticompetitive, deceptive and unfair tactics with the agility and speed of a digital system. And Amazon is the apex predator of our platform era.

Persons: Lina Khan, Carter Organizations: Federal Trade, Google, Amazon

PLAINS, Ga. (AP) — Former President Jimmy Carter and his wife, Rosalynn, on Saturday made a surprise appearance at the Plains Peanut Festival in their Georgia hometown, the Carter Center wrote in a social media post on X, formerly known as Twitter. The former president and his wife are seen in a reposted video riding through the festivities in a Black SUV. “Beautiful day for President & Mrs. Carter to enjoy a ride through the Plains Peanut Festival! And just a week before he turns 99,” the Carter Center wrote on X after sharing the video taken by a spectator. The former president is 98 and has been in home hospice care since February.

Persons: Jimmy Carter, Rosalynn, Carter, ” Reed Elliotte Organizations: Carter, Twitter Locations: Ga, Georgia, Corbin , Kentucky

☆ Former President Jimmy Carter rides through Georgia peanut fest
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

Former U.S. President Jimmy Carter and his wife, former first lady Rosalynn Carter sit together during a reception to celebrate their 75th wedding anniversary in Plains, Georgia, U.S. July 10, 2021. John Bazemore/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Sept 23 (Reuters) - Former U.S. President Jimmy Carter and former first lady Rosalynn Carter made an outing on Saturday to view a festival in Georgia, the Carter Center said in a tweet. Carter, 98, and his wife were driven through the former president's hometown Plains on Saturday to attend its annual peanut festival. Carter, a one-term Democrat who left office in 1981, has lived longer after leaving the White House than any former president in U.S. history. The Carter Center announced in February that he would receive hospice care and "spend his remaining time at home with his family" instead of seeing additional medical intervention.

Persons: Jimmy Carter, Rosalynn Carter, John Bazemore, Carter, Joel Schectman, Josie Kao Organizations: U.S, Rights, Former U.S, Carter, Carter Center, Thomson Locations: Plains , Georgia, U.S, Former, Georgia

CNN —Former President Jimmy Carter and his wife, Rosalynn, took a ride through the Plains Peanut Festival in Plains, Georgia, on Saturday, the Carter Center said in a social media post. “Beautiful day for President & Mrs. Carter to enjoy a ride through the Plains Peanut Festival! In this still taken from a video, former President Jimmy Carter and his wife, Rosalynn, appear at the Plains Peanut Festival parade in Plains, Georgia, on September 23, 2023. Josh Carter said his grandmother Rosalynn Carter, who has dementia, is cognizant of her diagnosis. Jimmy and Rosalynn Carter have been married for 77 years and are the longest-married presidential couple.

Persons: Jimmy Carter, Rosalynn, Carter, Erikka Bettis Williams, Erikka Bettis Williams Jimmy Carter, consequentially, “, Josh Carter, Rosalynn Carter, ”, Jimmy Organizations: CNN, Carter, Archery, Democrat Locations: Plains , Georgia, Georgia

However, Iran faces a new challenge from within as the one-year anniversary of the nationwide protests sparked by the death of 22-year-old Mahsa Amini in police custody approaches this Saturday. Today, Iran faces Western sanctions after the collapse of its 2015 nuclear deal. These are Iranian money.”From the Iranian side, claiming victory has been as important as freeing the cash. “This money belongs to the Islamic Republic of Iran," Raisi said through a government translator about the swap. Iranian Foreign Minister Hossein Amirabdollahian suggested resuming negotiations over a roadmap that could see Tehran return to aspects of the nuclear deal, which the Islamic Republic walked away from last year.

Persons: Carter, ”, Walter Mondale, Matthew Miller, Behzad Nabavi, Ebrahim Raisi, Raisi, —, Ronald Reagan, Hossein Amirabdollahian, “, Matthew Lee, Jon Gambrell Organizations: United Arab Emirates, Embassy, . State Department, ”, NBC News, United Nations, U.S, Pentagon, Iranian, Islamic, Associated Press, The Associated Press, Gulf Cooperation, AP Locations: DUBAI, United Arab, Washington, Tehran, Iran, United States, Islamic Republic, South Korea, Qatar, U.S, Algier Accords, Islamic Republic of Iran, Iraq, Today, U.S ., Strait, Hormuz, Persian Gulf, Russia, Ukraine, Gulf

“I think there's great concern about the state of our democracy at this time,” said Mark Updegrove, CEO of the LBJ Foundation, which supports the LBJ Presidential Library in Austin, Texas. Those organizations all support presidential libraries created under the Presidential Library Act of 1955, along with the Eisenhower Foundation. The push for the joint statement was spearheaded by Daniel Kramer, executive director of the George W. Bush Institute. “America is experiencing a decline in trust, social cohesion, and personal interaction.”Valerie Jarrett, a senior adviser to former President Barack Obama who is now CEO of the Obama Foundation, said the former president supported the statement. “This is a moment where we could all come together and show that democracy is not about partisan politics,” she said.

Persons: Herbert Hoover, ”, Mark Updegrove, Updegrove, Lyndon Johnson, John F, Richard Nixon, Gerald R, Ronald Reagan, George, Barbara Bush, George W, Daniel Kramer, Kramer, “, Bill Gates, Gates, ” Kramer, ” Melissa Giller, ” Giller, ” Valerie Jarrett, Barack Obama, ” Jarrett, Obama Organizations: WASHINGTON, LBJ Foundation, LBJ Presidential, Hoover Presidential Foundation, Roosevelt Institute, Truman Library Institute, Kennedy Library Foundation, Richard, Richard Nixon Foundation, Ford Presidential Foundation, Carter Center, Ronald Reagan Presidential Foundation and Institute, Barbara, Barbara Bush Foundation, Clinton Foundation, Bush Presidential Center, Obama, Center, Eisenhower Foundation, The Eisenhower Foundation, Associated Press, Bush, Bush Institute, Ronald, Ronald Reagan Foundation and Institute, Obama Foundation Locations: Austin , Texas, loggerheads, Maricopa County, Phoenix, The, Washington ,, Chicago

☆ Opinion | Choosing Hospice Care, as Jimmy Carter Did
▼ + stars: | 2023-08-31 | by ( ) www.nytimes.com time to read: +1 min

Families who turn down at-home hospice care are right to do so. At-home hospice care is extremely lucrative for the hospice agencies precisely because they provide so little care while the families do all of the work. Deena EngelGreenwich, Conn.To the Editor:As a retired hospice nurse, I can totally relate to what the Carters are going through. Being at home (or sometimes in a hospice facility) surrounded by family and friends with comfort care is much better. Hospice can provide all the care that a dying person needs, with much less hustle and bustle.

Persons: Michael D, Connelly Johns, ”, —, Deena Engel Greenwich Organizations: Mercy Health, Health Locations: America, Conn

☆ Opinion | A Fitting Final Gift From Jimmy Carter
▼ + stars: | 2023-08-28 | by ( Daniela J. Lamas | ) www.nytimes.com time to read: +2 min

But Mr. Carter and his family were able to see it differently. After a series of short hospital stays, this winter Mr. Carter made what for so many is an impossible decision. It would have been easy for him to obfuscate the truth of his medical condition, but Mr. Carter had no interest in doing so. When it came to the transition to hospice care, Mr. Carter was no different. “This is intentional,” Mr. Alter noted.

Persons: Carter, ” Jonathan Alter, ” Mr, Alter’s, “, Carter’s, Mr, Alter, ” Organizations: White Locations: U.S

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. Managing the ballooning debt is more challenging now than when S&P stripped the United States of its AAA rating in 2011. The deficit before interest payments was lower then, economic growth was weak but still higher than prevailing interest rates, and the Fed was buying boatloads of bonds. Interest payments as a share of federal revenue, spending, and the economy are set to reach historically high levels early in the next decade. It's not just the supply of debt that matters - demand to hold that debt is critical.

Persons: Dado Ruvic, Fitch, Uncle Sam, Carter, Chris Marsh, Bonds, Phil Suttle, It's, Jamie McGeever, Kirsten Donovan Organizations: REUTERS, AAA, Fed, Carter Administration, Investors, Reuters, Treasury, CBO, Suttle, Thomson Locations: ORLANDO, Florida, Washington, United States, Foreign, China, Treasuries, U.S

☆ Luxury homes like Beyoncé and Jay-Z's Malibu estate take a staff of up to 50 to maintain — and could cost owners $1 million a year
▼ + stars: | 2023-07-16 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

"These homes run like a well-oiled machine," Jenny Greenwood Huber, owner and founder of Heritage Estate Management, told Insider. Heritage Estate ManagementHeritage Estate Management provides household staffing and property management services for West Coast estates in places like Beverly Hills and Malibu, where the Carters' new home is located. With a staff of 20, property owners could be paying nearly $5,000 a day — or $1.8 million a year. Heritage Estate Management charges $150 per hour of property management service. Heritage Estate ManagementAccording to Huber, her staff could work 20 hours to 50 hours a month at a single estate.

Persons: Jenny Greenwood Huber, Huber, Beyoncé, Downton, nannies, Jay, housekeepers, Anthony Barcelo Huber Organizations: Service, Heritage Estate Management, Heritage Estate Management Heritage Estate Management, nannies, butlers, Heritage Locations: West, Wall, Silicon, Malibu, West Coast, Beverly Hills, chauffeurs, Los Angeles

☆ Carter, Biden and American Malaise
▼ + stars: | 2023-07-15 | by ( Kimberley A. Strassel | ) www.wsj.com time to read: 1 min

Jimmy Carter lost the 1980 general election by a landslide to Ronald Reagan, so it's difficult to understand why Joe Biden continues to follow the Carter 'malaise' playbook today (07/15/22). Bettman via Getty Images/Shutterstock Composite: Mark KellyWhen Jimmy Carter ran for president, the first U.S. senator to endorse him was Delaware’s Joe Biden. Mr. Carter later wrote in his White House diary that the first-term Democrat had been his “most effective supporter during the 1976 campaign.” In 2021 Mr. Biden was the first president since Mr. Carter left office 40 years earlier to visit him in Plains, Ga. “Those guys love each other,” a former Biden aide told Maureen Dowd of the New York Times .

Persons: Jimmy Carter, Ronald Reagan, Joe Biden, Carter, Bettman, Mark Kelly, Delaware’s Joe Biden, Mr, ”, Biden, Maureen Dowd Organizations: Getty Images, New York Times Locations: Plains , Ga

CNN —The White House is closely monitoring the upcoming labor talks in the US auto industry, negotiations that could put it at odds with the traditional support of a major union. “As a White House point person on key issues related to the UAW and Big Three, Sperling will help ensure Administration-wide coordination across interested parties and among White House policymakers,” a White House official confirmed to CNN. Sperling, the official added, “will work hand-in-glove with Acting [Labor] Secretary Julie Su on all labor-related issues.” He will need to coordinate across multiple White House offices and other stakeholders across government for this new task. So the shift to EVs, supported by the Biden administration, is a major concern of the UAW heading into these talks. The current UPS contract expires July 31, and the union rank and file has already authorized an August 1 strike without a new deal.

Persons: Joe Biden, Gene Sperling, Sperling, Carter, Obama, Biden, ”, “, Julie Su, Liz Shuler, ” Sperling, Bill Clinton, Barack Obama Organizations: CNN, United Auto Workers, UAW, Big, White House, Labor, White, General Motors, Ford, Dodge, Chrysler, GM, Anderson Economic Group, AFL, UPS, Teamsters, Treasury Department, National Economic Locations: Michigan, Detroit

☆ Former first lady Rosalynn Carter is diagnosed with dementia
▼ + stars: | 2023-05-30 | by ( Blayne Alexander | Dareh Gregorian | ) www.cnbc.com time to read: +2 min

Former President Jimmy Carter and his wife Rosalynn celebrate their 75th wedding anniversary with friends at Plains High School, within the Jimmy Carter National Historical Park in Plains, Georgia, U.S. July 10, 2021. Former first lady Rosalynn Carter has dementia, the Carter family said Tuesday. The announcement, which was released by the Carter Center, comes as Carter's husband, former President Jimmy Carter, is receiving hospice care at their home in Plains, Georgia. In February, the Carter Center announced that Jimmy Carter, 98, had begun receiving hospice care at home. Jimmy Carter is the oldest living former president and was the first president born in a hospital.

Persons: Jimmy Carter, Rosalynn, Rosalynn Carter, Carter, Mrs, Jason Carter Organizations: Plains High School, Historical, Carter, Carter Center Locations: Plains , Georgia, U.S, Plains

☆ Former First Lady Rosalynn Carter Has Dementia
▼ + stars: | 2023-05-30 | by ( Michael Levenson | ) www.nytimes.com time to read: +1 min

Rosalynn Carter, the wife of former President Jimmy Carter and a longtime advocate for expanded access to mental health care, has dementia, the Carter Center said on Tuesday. The announcement came just over three months after the center said that Mr. Carter, who at 98 is the longest living president in American history, had decided to forgo further medical treatment and would enter hospice care at the couple’s home in Plains, Ga. The center said on Tuesday that Mrs. Carter, 95, “continues to live happily at home with her husband, enjoying spring in Plains and visits with loved ones.”“We recognize, as she did more than half a century ago, that stigma is often a barrier that keeps individuals and their families from seeking and getting much-needed support,” the center said. “We hope sharing our family’s news will increase important conversations at kitchen tables and in doctor’s offices around the country.”

Washington CNN —Rosalynn Carter, the former first lady of the United States and wife of former President Jimmy Carter, has dementia, the Carter Center announced on Tuesday. “The Carter family is sharing that former First Lady Rosalynn Carter has dementia. Additional details about Carter, 95, were not immediately provided and the Center said it did not expect to comment further. President Carter, 98, began home hospice care in February after a series of short hospital stays. At an event in Norcross, Georgia, last week honoring the former president, President Carter’s former UN ambassador, Andrew Young, described the former president to WSB-TV as being in good spirits during a visit with him last month.

☆ Former first lady Rosalynn Carter has dementia, the Carter Center has announced
▼ + stars: | 2023-05-30 | by ( Associated Press | ) www.businessinsider.com time to read: +2 min

Rosalynn Carter has dementia, the Carter Center announced Tuesday. The former first lady remains at home with her husband Jimmy Carter, who entered hospice care earlier this year. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyATLANTA (AP) — Former first lady Rosalynn Carter has dementia and remains at home, her family has announced. Carter, now 95, remains at home with former President Jimmy Carter, who has been at home receiving hospice care since early this year. The family noted in its statement that Rosalynn Carter spent her long public life advocating for individuals and families affected by mental illness and for those in caregiving relationships with loved ones.

☆ Beyoncé and Jay-Z smash California real estate records with their purchase of a $200 million concrete compound overlooking the ocean
▼ + stars: | 2023-05-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

The $200 million mansion was created by architect Tadao Ando, who also designed a home for Kanye West. The concrete compound comes with a 40,000 square foot residence and pool just steps from the beach. The concrete compound features an infinity pool just steps from the Pacific ocean. A sky view of 27712 Pacific Coast Highway in Malibu, purchased by Beyonce and Jay-Z in May of 2023 for $200 million. The 40,000 square foot residence was designed by iconic Japanese architect Tadao Ando.

☆ The Fed would look ‘silly’ if it declares victory over inflation now, warns billionaire investor David Rubenstein
▼ + stars: | 2023-05-10 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

“It’s premature to have rate cuts this summer,” Rubenstein, the co-founder and co-chairman of The Carlyle Group, told CNN on Monday. The Fed will look silly if it declares victory at 4%,” said Rubenstein. But Wednesday’s inflation report is expected to show consumer prices are still rising at more than twice the Fed’s target. Despite pessimism on Wall Street and Main Street, Rubenstein said the US economy is “doing okay.”“This has been the most predicted recession in the history of recession predictions. “You could see the credit rating go down and interest rates go up,” said Rubenstein.

☆ The US once had a 'mini-default' on some of its debts because of a technical glitch. The minor mistake cost billions.
▼ + stars: | 2023-05-08 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

The incident caused Treasury yields to spike up by 60 basis points or 0.6 percent and cost billions long-term. The US is now flirting with a full default as Republicans in Congress demand spending cuts in exchange for paying America's debt. "Payment delays were chiefly due to back-office technical and organizational problems," according to a report by the Congressional Research Service, a nonpartisan public policy research institute of Congress. Congress has raised the debt ceiling multiple times under previous administrations without negotiations — including under President Donald Trump. President Joe Biden has refused to negotiate over the debt ceiling, while Republicans are also holding firm on their demands.

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