Is this really grounds for the White House to ignore Republicans?
for the U.S. to fail to make payments and default on its debts, especially volitionally, for political purposes, which is exactly what Kevin McCarthy is threatening. Biden invoking the amendment would be like calling McCarthy’s bluff, a move that would rely on the cooperation of the Treasury Department to go ahead and just keep borrowing money.
Democrats have long lived in fear of retribution from the financier class and Mr. Market . Also, the party’s figureheads have historically much preferred to simply give up preemptively rather than challenge the court head-on.And not everyone in the White House is convinced. Arguably no cabinet member has been more vocal on that front than Treasury Secretary Janet Yellen. In her own words, on the 14In the past 63 years, the national debt limit has been raised nearly 80 times.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Fertility app Premom settles with FTC over risky data sharingThe settlement with Premom comes in a string of federal actions involving digital health companies, including GoodRX and BetterHelp, which could mark shifting tides for an industry that until now has seen little oversight.
Baca lebih lajut »
Your Next Big Move Should Scare YouJust trust your gut, everyone says. But what to do when your gut is terrified?
Baca lebih lajut »
China holds lending rates steady; market sees reserve ratio cut as next moveChina kept its benchmark lending rates unchanged for the ninth month in May on Monday, matching market expectations, as a weakening yuan and widening yield differentials with the United States limited the scope for any substantial monetary easing.
Baca lebih lajut »
GBP/USD Forex Signal: Pound Sterling Poised to Move LowerThe GBP/USD pair rose slightly as the market watched the deliberations on the debt ceiling and the upcoming Federal Reserve minutes.
Baca lebih lajut »
Fewer Americans are willing to move for work, survey findsJob seekers may be in the market for a new opportunity, but this doesn't mean they will necessarily accept the position if offered based on a recent survey.
Baca lebih lajut »