U.S. congressional support for aiding #Ukraine is beginning to fray after the passage of last month's #DebtLimit bill.

#Congress #House #GOPsabotage #Russia #RussianWarCrimes
https://www.nytimes.com/2023/06/14/us/politics/us-ukraine-spending.html?smid=nytcore-ios-share&referringSource=articleShare

by @ddayen in @theprospect:

"In the end, more Democrats approved the Fiscal Responsibility Act in the House and Senate than Republicans, despite the fact that the only members of Congress who negotiated the agreement directly were in the House GOP. In the name of averting default, this has pulled Democrats into supporting policies that House Republicans want to expand."

https://prospect.org/blogs-and-newsletters/tap/2023-06-05-democrats-vote-debt-ceiling-concessions/

#DebtCeiling #DebtLimit #Democrats #FiscalResponsibilityAct #USHouse #Congress #JoeBiden #Biden #KevinMcCarthy #McCarthy #USPolitics #USPol

@shades
That is the most mind-bogglingly idiotic thing I have read in the past week.

Does Chait not understand that debt default would be a bad thing? Or does he not understand what was in the debt ceiling bill? Or is he just frankly psychotic now? What's the matter with him?

This one goes in the Hall of Fame of Pro-Republican Leftist insanity.

#centrists #centrism #DebtCeiling #DebtLimit #bipartisanship #bipartisan #JoeBiden #Biden #KevinMcCarthy #McCarthy #USPol #USPolitics #politics

by #JonathanChait in #Intelligencer:

"Previous presidents have managed to raise the debt ceiling either as a stand-alone bill or as part of a larger deal with benefits for both sides. Biden — along with Barack Obama in 2011, who regretted it — stands out for having had to give unrequited concessions to the opposing party to accomplish this historically routine task. You can talk yourself into believing he didn’t have a better choice. But if you think this represents some kind of thematic high point for the administration and a fulfillment of Biden’s grandest promises, your commitment to centrist ideology has grown so dogmatic that you have lost all touch with reality."

https://nymag.com/intelligencer/2023/06/debt-ceiling-deal-biden-mccarthy-bipartisanship-economy.html

#centrists #centrism #DebtCeiling #DebtLimit #bipartisanship #bipartisan #JoeBiden #Biden #KevinMcCarthy #McCarthy #USPol #USPolitics #politics

#LockheedMartin CEO Hails #Pentagon Budget Boost in #DebtLimit Deal
https://www.commondreams.org/news/lockheed-martin-ceo-debt-ceiling
The head of the major U.S. #military contractor said the Pentagon top-line in the #debtceiling deal is "as good an outcome as our industry or our company could ask for at this point."

#DebtLimit bill gains passage in Senate.

by #AriannaCoghill in #MotherJones:

"If the deal passes in its current form, repayments and interest accrual will kick in at the end of August. That’s roughly the same time the Biden administration had previously said that the federal pause would finally end after more than three years, eight extensions, and two presidencies. But those hoping for another last-minute extension this time around are out of luck; the debt ceiling agreement specifically blocks President Biden from issuing one without congressional approval."

https://www.motherjones.com/mojo-wire/2023/06/student-loans-debt-ceiling-deal/

#StudentLoans #StudentDebt #PellGrant #DebtCeiling #DebtLimit #JoeBiden #Biden #HouseRepublicans #Senate #USSenate #Congress #Republicans #SupremeCourt #SCOTUS #politics #USPol #USPolitics

Salazar votes ‘yes’ in bipartisan Biden-McCarthy debt ceiling deal :

Salazar posted a photo of herself leaving the Capitol saying she was tired but proud, flashing a thumbs-up sign.

#Congress #debtlimit #default #democrat #JoeBiden #KevinMcCarthy #MariaElviraSalazar #republican

https://kbindependent.org/2023/06/01/salazar-votes-yes-in-bipartisan-biden-mccarthy-debt-ceiling-deal/

FX: #Swiss franc: The currency, often seen as a haven alternative to US #Dollar, has a history of outperforming when American legislators squabble over raising the federal #debtlimit - chart @TheTerminal https://cutt.ly/nwqMpO4i

Ocasio-Cortez says she’s voting against debt limit bill

https://thehill.com/homenews/house/4027503-ocasio-cortez-says-shes-voting-against-debt-limit-bill/

#TheHill #OcasioCortez #DebtLimit #USCongress #Voting #GovernmentSpending #NationalDebt #EconomicPolicy #FiscalResponsibility #Politics #News

HR 3746 Rule Published – Debt Limit Bill – Closed rule, limited debate, no amendments – Unusual close vote in Rules Committee – Legislative bomb throwing still a potential threat - https://tinyurl.com/pd5r3cbm #DebtLimit #Legislation

New #work requirements for some #SNAP recipients included in #debtlimit deal
https://default.salsalabs.org/Tfae5bdec-0a58-49e3-b7de-eeb33cb77bbb/29bd4f11-967a-4558-a31d-2389367366ce

Bismarck is credited with the quote:

“Politics is the art of the possible, the attainable — the art of the next best”.

That notion escapes many #GOP politicians animated only by the desire to deliver tax cuts to those who don’t need them and a refusal to compromise at all costs

#Politics #USPolitics #DebtLimit

https://www.nytimes.com/2023/05/30/us/debt-limit-bill-house-rules-committee.html

@GottaLaff
That we have to negotiate helping fellow citizens says so much about humans.

#snap #debtlimit #cbo

The #DOW tanks on worries re: debt limit not being increased…the #DOW tanks on positive #debtlimit agreement. The #DOW is schizophrenic and refuses to take its meds.

This, from couple of days ago, is very good. https://prospect.org/politics/05-28-2023-biden-mccarthy-debt-ceiling-deal/

The first paragraph is 🎯

“The second that Joe Biden agreed to negotiate with House Republicans on the debt ceiling, the results were going to be bad. The people who benefit most from government action—the poor and the vulnerable—were going to be hurt, and those who benefit most from a weakened government—the rich and the powerful—were going to be aided. The only question was the degree.”

#DebtLimit #DebtLimitDeal

When did “claw back” become the standard media phrase for reapplying govt funding? And why? #DebtLimit #FederalBudget

Top #HouseDemocrat Calls Out #Republican #DramaQueens For Getting Nothing In #DebtLimit Deal
https://www.politicususa.com/2023/05/28/top-house-democrat-calls-out-republican-drama-queens-for-getting-nothing-in-debt-limit-deal.html

#uspol #gop #debtlimit

All in all, a pretty good debt ceiling deal for Biden...if you ignore the fact that D's could have raised it unilaterally with no concessions in the 2022 lame duck session. Republicans got peanuts and were willing to tank the global economy to get them. #DebtCeiling #debtlimit #debtceilingagreement.