No, Bidenomics is not the reason the nation’s credit rating was downgraded
Republicans in Congress hurt the nation’s credit rating with their recent debt-limit brinkmanship, according to Fitch Ratings.
By Josh Israel - August 22, 2023Republicans in Congress hurt the nation’s credit rating with their recent debt-limit brinkmanship, according to Fitch Ratings.
By Josh Israel - August 22, 2023Republicans' refusal to pass a clean debt ceiling bill may mean higher interest rates for the national debt.
By Josh Israel - August 02, 2023The House speaker said President Biden 'walled off' potential cuts to the programs during debt ceiling negotiations.
By Emily Singer - June 01, 2023A default by the U.S. government on its debts could affect 6 million jobs and trigger global economic chaos, but President Joe Biden has struck a compromise with House Speaker Kevin McCarthy to prevent that.
By Oliver Willis - May 31, 2023The Florida Republican voted to suspend the debt ceiling and boost federal spending in 2018 under President Donald Trump.
By Emily Singer - May 30, 2023The Republican caucus says Democrats must meet all their demands before they'll agree to raise the debt ceiling.
By Josh Israel - May 24, 2023Republicans are pushing for spending cuts and have rejected Biden's proposed tax increases for the ultrawealthy that would reduce the federal deficit.
By Oliver Willis - May 23, 2023Enough Senate Republicans to filibuster legislation say they will not back any clean debt limit increase.
By Josh Israel - May 08, 2023Rep. George Santos (R-NY) and other Republicans claim it would not cut benefits, but the House GOP's debt limit bill requires spending cuts that could slash veterans' benefits and make it harder to access safety net programs.
By Josh Israel - May 04, 2023The organization Climate Power found the GOP's Limit, Save, Grow Act would slash funding for clean energy projects that are projected to create tens of thousands of new jobs in the United States.
By Emily Singer - May 03, 2023The debt ceiling bill Republicans passed would result in a 22% funding cut across the board — without any carve-out for veterans programs.
By Emily Singer and Josh Israel - May 02, 2023House Republican leadership will only raise the debt ceiling if the Biden administration agrees to cut spending on safety net programs, but that doesn’t have widespread public support.
By Oliver Willis - May 01, 2023The House GOP caucus has refused to offer a bill to raise the debt ceiling without demands for budget cuts.
By Josh Israel - April 27, 2023House Republicans are threatening a catastrophic debt default if they don't get to make major cuts to historic climate change investments.
By Josh Israel - April 21, 2023House Republican leaders want to cut spending from the Inflation Reduction Act in exchange for raising the debt ceiling, despite a recent poll showing public support for it.
By Oliver Willis - April 20, 2023At least 15 current senators and representatives say reductions in funding to safety net programs should be discussed.
By Josh Israel - March 14, 2023Several Republicans are preparing to demand spending cuts to programs supporting equity and inclusion.
By Josh Israel - February 27, 2023Experts say House Republicans’ latest debt limit showdown could cause massive damage to the U.S. and global economies — even if they don’t ultimately force a default.
By Josh Israel - February 09, 2023After Tuesday’s State of the Union address, Republicans contradicted their own previous calls for cuts to Medicare, Medicaid, and Social Security.
By Josh Israel - February 08, 2023House Republicans have introduced or pledged legislation that would make the country’s budget deficit even larger via tax cuts for the rich and weakened tax law enforcement.
By Josh Israel - February 08, 2023Senate Minority Whip John Thune said Republicans want to hold the country’s credit hostage if they can’t cut Social Security benefits.
By Emily Singer - November 30, 2022Republicans in Congress have a history of using the national debt ceiling as a tool for demanding budget cuts — but only when a Democrat is in the White House.
By Josh Israel - October 11, 2022Just one GOP lawmaker joined the Democrats in voting to keep paying the federal government’s bills.
By Josh Israel - December 15, 2021Just one GOP representative voted for a bill to prevent automatic cuts to Medicare, which also will help avert a catastrophic debt default.
By Josh Israel - December 08, 2021His change of heart was revealed at a town hall one day after Senate Republicans blocked a bill to expand voting rights.
By Emily Singer - October 22, 2021Rep. Jason Smith (R-MO) said Democrats should not raise the debt limit when there are unspent appropriated funds.
By Josh Israel - October 13, 2021The party that would have allowed a debt default thinks Senate Majority Leader Chuck Schumer shouldn’t have been so ‘partisan’ about it.
By Josh Israel - October 08, 2021Sen. Lindsey Graham only wants to hurt Democrats in the midterms.
By Emily Singer - October 06, 2021But Susan Collins still supports Senate Republicans’ obstruction.
By Josh Israel - October 05, 2021Senate Republicans are wasting as much time as possible to thwart Democrats’ plans.
By Josh Israel - September 29, 2021