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☆ Republican Rep. Lauren Boebert files for divorce from husband of nearly 2 decades
▼ + stars: | 2023-05-16 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

GOP Rep. Lauren Boebert confirmed that she filed for divorce from her husband Jayson. The Colorado Sun first reported that Boebert filed for the separation from her husband, Jayson, late last month. According to an affidavit, when Jayson Boebert was served with the petition he became "extremely angry." In her statement, Boebert said that she will not "discuss this matter any further in public" in deference to their kids. The Republican previously announced that her oldest son, Tyler, is about to have a son, making her a 36-year-old grandmother.

But some areas of potential compromise emerged after a White House meeting on Tuesday. Deep disagreements remained over competing pressures for spending cuts versus tax increases. Meanwhile, the White House reiterated its backing for legislation speeding government permitting of energy projects by setting maximum timelines. House and Senate Republicans, meanwhile, have said they will not authorize any additional borrowing without an agreement to cut future spending. The last time the nation got this close to default was in 2011 - also with a Democratic president and Senate with a Republican-led House.

Time is tight to avoid a historic, economically destabilizing default, which the Treasury Department has warned could come as soon as June 1, but some areas of potential compromise emerged after a Tuesday White House meeting. Deep disagreements remained over competing pressures for spending cuts versus tax increases. Meanwhile, the White House reiterated its backing for legislation speeding government permitting of energy projects by setting maximum timelines. A White House fact sheet distributed on Wednesday said the administration "supports the important reforms" contained in a bill by Democratic Senator Joe Manchin. House and Senate Republicans, meanwhile, have said they will not authorize any additional borrowing without an agreement to cut spending.

Biden signaled an openness to Republicans' demand to claw back some unused money for COVID relief, which is less than $80 billion. House of Representatives Speaker McCarthy told reporters that Biden also indicated a willingness to work on speeding up permitting for energy projects, a goal that went unmet in 2022. "Default is not an option," Biden told reporters after Tuesday's meeting. House and Senate Republicans, meanwhile, have said they will not authorize any additional borrowing without an agreement to cut spending. The last time the nation got this close to default was in 2011 - also with a Democratic president and Senate with a Republican-led House.

☆ Student-loan borrowers need more 'individual responsibility,' a top GOP lawmaker says as the House advances a bill to block Biden's debt cancellation
▼ + stars: | 2023-05-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

A GOP resolution to block student-debt cancellation advanced out of the House education committee on Wednesday. The bill heads to a full House vote, but it's unlikely to pass a Democratic-controlled Senate. 45 is the first step in restoring individual responsibility and solving the root challenges of the student loan system." Republicans have expressed similar sentiments since the lead up to Biden's announcement of broad debt relief. "Let's be clear: this resolution to eliminate student debt relief would hurt millions of student borrowers and their families," he added.

☆ Rep. Nancy Mace says people want to see her Jell-O wrestle with Marjorie Taylor Greene
▼ + stars: | 2023-05-09 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Reps. Nancy Mace and Marjorie Taylor Greene have a history of publicly beefing with each other. Mace reportedly joked to a colleague that people only want to see the two "wrestling in Jell-O." 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 PolicyRep. Nancy Mace of South Carolina once joked to a colleague that people want to see her Jell-O wrestle with fellow Republican Rep. Marjorie Taylor Greene of Georgia. In 2021, Mace went as far as to call Greene "batshit crazy" in a series of emojis after Greene referred to her as "trash." "The only thing people want to see of me and Marjorie is if we're wrestling in Jell-O."

☆ House Republicans are planning the first vote to overturn Biden's student-loan forgiveness next week
▼ + stars: | 2023-05-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

In March, Republican lawmakers introduced a resolution to overturn Biden's student-debt relief. The House education committee is planning to vote on the bill next week, a spokesperson confirmed to Insider. Even if the resolution passes the House, it likely won't progress in a Democratic-controlled Senate. That hasn't stopped Republicans from coming up with their own plans to block debt relief from happening. Along with the CRA, Speaker of the House Kevin McCarthy's bill to raise the debt ceiling — which passed the House last week — including banning Biden's student-loan forgiveness and blocking any future relief.

☆ The White House warned that a debt ceiling crisis could be just as bad as the Great Recession — and there'd be no way for the government to help anyone out
▼ + stars: | 2023-05-04 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

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.

But as Republican presidential hopefuls including Florida Governor Ron DeSantis and former President Donald Trump crisscross the country, they have instead focused on hot-button issues like immigration and transgender participation in youth sports. A broad majority of voters in both parties believe the debt ceiling presents a good opportunity to debate public policy priorities, according to a Reuters/Ipsos poll conducted in March. Still, it is unclear how much Republican primary voters know about the debt limit debate - or even care - campaign aides and strategists said. Of nine attendees interviewed by Reuters at the town hall meeting held by Haley, none mentioned the debt ceiling as one of their top concerns. Others have addressed the debt ceiling in the past, but only in general terms.

☆ McCarthy's debt-ceiling bill tests unity of U.S. House Republicans
▼ + stars: | 2023-04-26 | by ( Richard Cowan | ) www.reuters.com time to read: +5 min

It was interrupted by an extended recess to allow Republicans to work out last-minute changes to the bill and thus improve chances of passage in the Republican-controlled House. Several House Republicans, particularly from Midwest states, had rebelled against that provision. The full House vote will be a test of House Speaker Kevin McCarthy's leadership. He has argued that passing the bill could force Biden to agree to negotiate spending cuts in exchange for lifting the federal government's $31.4 trillion borrowing limit. House Republicans are offering to increase Washington's borrowing authority by $1.5 trillion or until March 31, whichever comes first.

☆ Kevin McCarthy's bill to raise the debt ceiling squeezes by in the House after a series of contentious last-minute changes to secure enough GOP votes
▼ + stars: | 2023-04-26 | by ( Ayelet Sheffey | Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +5 min

Under the legislation — which still has a long road to becoming law — the debt ceiling would rise by just $1.5 trillion, or until March 31, 2024, depending on whichever comes first. Democratic senators insisted on Wednesday that the House bill is dead on arrival in the Senate. "I don't think it will have any impact on what happens in the Senate," Sen. Chris Coons, a Delaware Democrat, told Insider of the House bill on Wednesday afternoon. But GOP Sen. Ron Johnson told Insider that he thinks House Republicans "are doing the right thing." That means that both parties need to come to an agreement on an approach to raise the debt ceiling before the country hurdles into a default, expected early this summer.

☆ Biden's Education Department is planning for student-loan borrowers to resume payments in October — and companies will begin charging interest a month before
▼ + stars: | 2023-04-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Education Department is asking student-loan companies to prepare for the student-loan payment resumption. Since March 2020, federal student-loan payments have been paused and interest has been waived to give borrowers financial relief during the pandemic. New documents obtained by Politico through a public records request found that the Education Department has been issuing guidance to student-loan companies surrounding restarting payments. According to the documents, the companies should prepare to resume charging interest on borrowers' loans in September, and the department is anticipating borrowers will make their first monthly payment in October. But some borrowers want to ensure that the department will keep pushing for relief, regardless of a court ruling.

☆ Biden vows to veto the GOP bill to raise the debt ceiling if it makes it to his desk, saying it would cost Americans 780,000 jobs while stripping them of food assistance and student-debt relief
▼ + stars: | 2023-04-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The White House said Biden will veto the GOP bill to raise the debt ceiling if it makes it to his desk. It's unclear if enough Republicans will sign on to support its passage through the House. Biden has repeatedly said that he will not negotiate terms to raise the debt ceiling and he would only support a bipartisan and clean increase, without any spending cuts attached. Given that 2024 is a presidential election year, that future debt limit drama may well be even more heated than the current one. With Republicans urging Democrats to negotiate raising the debt ceiling while Biden has refused, the country continues to inch closer to an economically catastrophic default, which could happen early this summer.

☆ Even Republican senators aren't sold on the GOP plan to fight over the debt ceiling again in a year
▼ + stars: | 2023-04-25 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Kevin McCarthy plans to have the House vote on his debt ceiling bill on Wednesday. Other House GOP lawmakers wanted to see stricter work requirements for welfare programs in the legislation. House Speaker Kevin McCarthy's proposal would only raise the debt ceiling by $1.5 trillion, or until March 31, 2024 — whichever comes first. Ensuring another debt ceiling fight just months before next year's elections is reportedly drawing some ire, or at least headaches, from fellow Republicans. "The American people expect and deserve serious, sensible action to address our soaring national debt," McCarthy and other GOP leaders said in a statement on the legislation.

☆ Biden will veto US House Speaker McCarthy's debt bill if it passed Congress
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, April 25 (Reuters) - If U.S. President Joe Biden were to be presented with Republican House of Representatives Speaker Kevin McCarthy's spending and debt bill, he would veto it, the White House said on Tuesday. McCarthy floated a plan last week that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the $31.4 trillion U.S. debt limit. He has said the House would vote on his bill this week and has also invited Biden to discuss the debt ceiling with him. "House Republicans must take default off the table and address the debt limit without demands and conditions," the White House said on Tuesday. Reporting by Kanishka Singh in WashingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Kevin McCarthy is fighting to 'deny critical student debt relief' to 83,000 of his own constituents in his new debt ceiling bill, Biden's Education Secretary says
▼ + stars: | 2023-04-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Kevin McCarthy unveiled his bill to raise the debt ceiling on Wednesday. It included banning student-loan forgiveness and ending the payment pause. The 320-page bill included $4.5 trillion in spending cuts, including strengthened work requirements on welfare programs, rescinding unspent pandemic funds, and banning student-loan forgiveness. Currently, Biden's broad debt relief is paused following two conservative-backed lawsuits that blocked the implementation of the plan, and the Supreme Court is expected to issue a final decision of the legality of the relief by June. "Let's get this straight: MAGA House Republicans are holding the economy hostage to prevent student debt relief from happening, while making it easier for the rich to cheat on their taxes," Biden wrote on Twitter on Thursday.

☆ U.S. House Republicans tangle over debt limit, spending cut plans
▼ + stars: | 2023-04-18 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

Sometime this summer, the Treasury Department will be unable to manage its debt under the current $31.4 trillion limit on borrowing, according to the Biden administration and the non-partisan Congressional Budget Office. "Don't bother with partisan wish lists and unrealistic proposals that will never solve this debt default crisis," Senate Majority Leader Chuck Schumer, a Democrat, warned House Republicans in a speech to the Senate. But Mace said McCarthy showed rank-and-file Republicans a series of options, projected onto a screen, that included the possibilities of a $1 trillion or $2 trillion debt limit increase with various time frames attached. Perry said referring to a debt limit hike. Hern did not respond directly when asked whether House Republicans would pare back funding for some federal law enforcement, such as the FBI, as former President Donald Trump has urged.

☆ Find cheap value stocks that have momentum, says Crossmark's Bob Doll
▼ + stars: | 2023-04-17 | 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 EmailFind cheap value stocks that have momentum, says Crossmark's Bob DollBob Doll, Crossmark Global Investments CIO, joins 'Squawk on the Street' to discuss finding growth and value stocks, Kevin McCarthy's debt ceiling comments, and more.

☆ China sanctions U.S. Congress member for Taiwan visit
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: +2 min

China sanctioned a United States lawmaker Thursday for his visit to Taiwan, saying he violated the "One China" principle that says Beijing has sovereignty over the island. The mainland's ruling Communist Party says Taiwan, which split from the mainland in 1949 amid a civil war, must be reunited with China by force if necessary. It's one of several rounds of sanctions China announced as tensions build between Beijing and Washington. McCaul, R-Texas, visited Taiwan from April 6 to 8 to discuss weapons deals between the U.S. and Taiwan, shortly after the sensitive meeting that drew China's ire. McCaul, who chairs the House Foreign Affairs Committee, has been advocating for a hard-line stance against China and closer ties with Taiwan.

☆ Marjorie Taylor Greene warns Trump against hiring far-right activist Laura Loomer, calling her 'mentally unstable and a documented liar'
▼ + stars: | 2023-04-08 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

The Georgia Republican warned Trump not to hire Laura Loomer to work on his 2024 campaign. Greene and far-right activist Loomer once publicly praised one another, but they are now feuding. The New York Times reported that Trump wanted to hire Loomer, but sources said the plan was scrapped. Greene took to Twitter on Friday to say Loomer is "mentally unstable and a documented liar" who "can not be trusted." Loomer responded with multiple tweets attacking Greene, calling her a liar and describing her behavior as "not very "Christian."

☆ Stunning endorsement: DeSantis ally Rep. Byron Donalds backs Trump for president in 2024
▼ + stars: | 2023-04-06 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +4 min

Byron Donalds, who has said he'd be interested in becoming governor of Florida, has endorsed Trump. Ron DeSantis, has endorsed Donald Trump for president in 2024. "President Trump is the leader in the clubhouse right now," he said. He added, however, that he thought DeSantis could beat Trump in a primary. "The current legal problems have rallied more Republican voters around Donald Trump," Donalds said.

☆ House Speaker Kevin McCarthy meets with president of Taiwan despite China threat
▼ + stars: | 2023-04-05 | 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 EmailHouse Speaker Kevin McCarthy meets with president of Taiwan despite China threatCNBC's Eamon Javers reports on House Speaker Kevin McCarthy's meeting with Taiwanese President Tsai Ing-wen in California on Wednesday despite threats of retaliation from China.

WASHINGTON, March 30 (Reuters) - The U.S. House of Representatives on Thursday passed a Republican energy reform bill intended to bolster U.S. oil and gas production while scaling back climate initiatives, the first major legislation of House Speaker Kevin McCarthy's majority. The House passed the Lower Energy Costs Act by a mostly partisan 225-204 vote. The bill would deliver on a top 2022 Republican campaign pledge to lower Americans' energy costs but faces little chance of making it through the Democratic-led Senate, where Majority Leader Chuck Schumer has declared it "dead on arrival." "The Senate is not going to waste our time on a bill that sets America back decades on our transition to clean energy," Schumer said in a Senate speech shortly before the House vote. Party disagreement over the House bill partly reflected gaping divisions over how to streamline permitting for energy projects, a goal otherwise shared by both Republicans and Democrats.

☆ US House Republicans face unity test with major energy bill
▼ + stars: | 2023-03-30 | by ( David Morgan | ) www.reuters.com time to read: +4 min

WASHINGTON, March 30 (Reuters) - The Republican-controlled U.S. House of Representatives is expected to vote on its first major legislation of the year on Thursday, a partisan energy bill that poses an early test of unity for House Speaker Kevin McCarthy's majority. The 175-page measure, dubbed the Lower Energy Costs Act, represents a top 2022 Republican campaign pledge to lower Americans' energy costs by scaling back Democratic President Joe Biden's climate policies and increasing oil and gas production through deregulation. 1 - House Resolution One, is the most important bill to this Congress," Republican Representative August Pfluger of Texas told reporters. Both Republicans and Democrats are keen to pass legislation that streamlines permitting for energy projects, but the disagreement over the House bill reflects gaping divisions over how to do that. "It does absolutely nothing to lower energy costs for American families.

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