by Thomas Kahn Republicans have long claimed they are dedicated deficit hawks, blaming Democrats for growing deficits and debt. But two votes they cast after electing Kevin McCarthy as House speaker prove that Republicans are charlatans when it comes to deficit reduction. First, ...
In his State of the Union address, President Biden claimed he would, be “the only president to ever cut the deficit by more than $1 trillion in a single year.” While this is technically true, he ignores the fact that the reduction in the deficit will be due to the decreased expenditures ...
MORGANTOWN -- On Thursday, President Joe Biden signed a bill to raise the United States’ debt ceiling, narrowly avoiding a default on the country’s debt Oct. 18. If Congress had failed to pass a resolution, the resulting debt default would have meant serious financial and ...
by Carl P. Leubsdorf Americans continue to have a dim view of Congress. And for good reason. Legislative gridlock due to closely divided houses is one factor. But the top leaders of both parties, who epitomize Congress to most Americans, are doing little to instill ...
As they prepare to spend $1.2 trillion on a bipartisan infrastructure deal, along with a vastly larger sum on a party-line social-policy bill, Democrats might be expected to defend their ambitions on the merits. Instead, progressive leaders seem to be focused on fiscal gimmickry. Their ...
by Noah Kaplan Democrats need to recognize that Sen. Mitch McConnell and the Senate Republicans are not bluffing: They will not vote to raise the debt ceiling. Republicans believe that a failure to raise the debt ceiling will hurt the Democrats electorally more than themselves — ...