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During this week’s broadcast of FNC’s “Sunday Morning Futures,” House Speaker Kevin McCarthy (R-CA) insisted the debt ceiling deal reached by House Republicans and the Biden White House was the “beginning of turning the ship.” “Mr. Speaker, thanks so much for joining us this morning,” FNC host Maria Bartiromo said. “Congratulations to you after all of this work you have put into this. How are you feeling this morning after the president signed the bill into law?”

President Biden said Wednesday that he believes that things are going according to plan so far for the House to pass the bipartisan debt ceiling package despite several Democrats and Republicans vowing to vote in opposition of the measure. “We’re going to deal with the debt ceiling,” the president told reporters in the Oval Office. “I think things are going as planned, God willing.” Biden said he is hopeful that by the time he lands in Colorado later Wednesday evening ahead of a planned address to the U.S. Air Force Academy, the bill will have passed the House. The vote...

Analyst and financial writer John Rubino says this time, the so-called debt ceiling fight could end in a systemic failure. Rubino points out, “In a well-run society, the debt limit would be zero. Governments should not borrow money in the first place. The amount of money we are borrowing is catastrophic. Historians are going to look back at this era, and they are just going to wonder why we allowed it to happen and what were we thinking. We are destroying the global financial system by allowing governments to borrow this much money. The debt limit thing is being called...

Washington is publicly planning for what the world could look like on June 1 if no debt-ceiling deal is in place. The immediate economic effects of the first-ever true default in American history are far from clear. They are being debated as negotiators remain divided across a range of issues. Time is running low to strike a deal and then get it into law ahead of the key deadline just 10 days away. President Joe Biden and House Speaker Kevin McCarthy are meeting Monday at 5:30 pm ET for yet another round of talks. Treasury Secretary Janet Yellen maintains that...

Treasury Secretary Janet Yellen said Sunday on NBC’s “Meet the Press” that President Joe Biden can not invoke the 14th Amendment to address the debt ceiling under the current circumstances. Anchor Chuck Todd said, “Does the 14th Amendment fall under the category of extraordinary measures?”

Americans are deeply divided when it comes to the debt ceiling. While politicians in Washington, D.C. meet in hopes of reaching an agreement that would allow the federal government to take on debt above the current statutory limit, nearly half of Americans say the cap should be left in place, according to a Wall Street Journal poll released Wednesday. The poll found that 45 percent of respondents said they did not favor Congress lifting the debt ceiling. Forty-four percent favor lifting it.

There is reason to doubt the political sanity of U.S. House Republicans who are refusing to raise the debt ceiling that allows the United States government to pay debts already incurred by past acts of Congress. There is also plenty of reason to doubt their sincerity. Regarding sincerity, Republican congressmen only threaten to put the nation in default when a Democrat is in the White House. Though spending and debt have gone up and up through four administrations, they did not go to the brink for their elastic fiscal principles when George W. Bush was president, nor when Donald Trump...

Senate Majority Leader Chuck Schumer, D-N.Y., on Monday rejected the House-passed bill to raise the debt ceiling and trim federal spending, and said Senate Democrats would hold a series of hearings on the bill – not to consider it, but to warn the American public about how "dangerous" it is. "The Senate will show the public what this bill truly is," Schumer wrote in a letter to his Democratic colleagues. "Beginning this week, our Committees will begin to hold hearings to expose the true impact of this reckless legislation on everyday Americans." He said the Senate Budget Committee would start...

The House advanced on Wednesday the rules package for the Republican debt ceiling bill, which serves as the last major procedural hurdle before the bill’s planned vote for Wednesday night. The House passed H. Res. 327, with 219 Republicans in favor and 210 Democrats against the measure. H. Res. 327 is the rules package that governs the rules by which the House could consider the Limit, Save, Grow Act of 2023, the GOP debt ceiling bill.

Senate Majority Leader Chuck Schumer (D-N.Y.) on Monday panned Speaker Kevin McCarthy’s (R-Calif.) proposal to extend the nation’s debt ceiling until May of 2024 as a “terrible idea,” making it clear to everyone in Washington that Democrats don’t want to debate the issue again before the next election. McCarthy formally unveiled his proposal to lift the debt ceiling for one year in exchange for a cap on non-defense discretionary spending and other reforms in a speech Monday to the New York Stock Exchange.

Everyone seems to have amnesia about Joe Biden’s hatred of Social Security and Medicare. He has tried to cut Social Security, Medicare and Veteran’s benefits as a US Senator. In addition, it was Biden that led the charge to TAX Social Security benefits for seniors. Now Biden has pivoted and is claiming that Republicans are the ones that want to cut Social Security. Wow. Biden simply goes where the political winds blow. Here is where we set today. The cost of insuring for a US debt default remains elevated as the US has hit its statutory debt limit. This is...

Rep. Josh Gottheimer (D-N.J.) on Sunday called it “unacceptable” for the United States to get to a point where it is unable to pay its bills if the debt ceiling is not raised. “The worst thing that could happen is we get to a point this summer where, suddenly, we can’t raise the debt ceiling and the full faith and credit of the United States is at risk and we don’t pay our debts,” Gottheimer told Jake Tapper on CNN’s “State of the Union.” “That’s unacceptable. You can’t not pay your bills.”

Senator Dick Durbin (D-IL) said Wednesday on “CNN This Morning” that President Joe Biden should “absolutely not” negotiate on the debt ceiling. Anchor Poppy Harlow said, “Yesterday, Speaker McCarthy said he thinks Biden will, quote, ‘sit down and negotiate,’ close quote, today. Do you think President Biden should negotiate on the debt ceiling?” Durbin said, “Absolutely not. The debt ceiling is a critical vote for our economy, for jobs for the fate of businesses, and the reputation of the United States to pay its bills. That should not be negotiated.”

Lawmakers are on a crash course over how to deal with the debt limit in the coming weeks, and it’s a collision that Senate Majority Leader Chuck Schumer (D-N.Y.) thinks Democrats will win. Schumer has hammered House Republican for demanding spending cuts from Democrats and the White House in exchange for raising the debt limit, saying the GOP is “flirting with disaster.” “The plan is to get our Republican colleagues in the House to understand they’re flirting with disaster and hurting the American people,” Schumer said in an interview with Politico. “And to let the American people understand that as...

House Speaker Kevin McCarthy (R-CA) said Sunday on CBS’s “Face the Nation” that “there will not be a default” while discussing raising the federal debt ceiling while controlling government spending. Partial transcript as follows: MARGARET BRENNAN: I want to get to some of the top agenda items. You have accepted an invitation to meet with President Biden. When will that happen, and what offer will you put on the table? MCCARTHY: Well, we’re going to meet this Wednesday. I know the President said he didn’t want to have any discussions, but I think it’s very important that our whole government...

WASHINGTON, D.C. — With the deadline fast approaching to increase the amount of money that can be legally stolen from the American people, Congress is being urged to come together and raise the nation's theft ceiling without conditions. "We need to end the partisan bickering," said House Speaker Kevin McCarthy. "The American people need us to reach across the aisle to steal more and more wealth from them and their future generations. If we don't do this quickly, Congressional pay might be suspended and national parks might close. In other words, we're all gonna die if we don't get this...

The White House on Friday called for the debt limit to be raised without conditions, laying down a marker ahead of what is likely to be a bruising fight with House Republicans in the coming months. “We believe, when it comes to the debt limit, it has been done in a bipartisan way over the years and decades. And it should be done in a bipartisan way. And it should be done without conditions. That is important here,” press secretary Karine Jean-Pierre said. Jean-Pierre’s comments came shortly after Treasury Secretary Janet Yellen wrote to Speaker Kevin McCarthy (R-Calif.) to warn...

House Republicans are looking to use a vote on raising the debt ceiling, a must-pass measure to avoid stark economic consequences and damaging credit of the United States, to get concessions on spending cuts if they win control of the chamber in the midterm elections. The federal government is expected to reach the $31.4 trillion debt limit, last increased in 2021, sometime in 2023. House Minority Leader Kevin McCarthy (R-Calif.), who is likely to become Speaker should the GOP take the lower chamber in November, is preparing for a battle with the Biden administration over curbing spending as a condition...

President Biden on Thursday signed a bill raising the debt ceiling by $2.5 trillion, narrowly averting default on the nation’s debt. The measure passed the Senate Tuesday afternoon in a 50-49 vote that was strictly along party lines after Democrats and Republicans reached a deal to sidestep the filibuster. The House moved to pass the bill late Tuesday in a 221-209 vote with one Republican member voting in favor, sending it to Biden’s desk for his signature.

During an interview on this week’s broadcast of “Fox News Sunday,” anchor Chris Wallace asked Sen. Lindsey Graham (R-SC) why Republicans were willing to “play politics” with raising the debt ceiling.