Two congressional Democrats asked House Speaker Kevin McCarthy on Wednesday to restrict Republican Rep. George Santos’ access to classified information, arguing the scandal-plagued freshman lawmaker “cannot be trusted” with confidential materials. “It is clear that Congressman George Santos has violated the public’s trust on various occasions,” Reps. Joseph Morelle and Gregory Meeks, both from Santos’ … Read more
CNN — House Speaker Kevin McCarthy on Tuesday officially denied Democratic Reps. Adam Schiff and Eric Swalwell sit on the House Intelligence Committee. “I appreciate the loyalty you have to your Democrat colleagues, and I acknowledge your efforts to have two Members of Congress reinstated to the House Permanent Select Committee on Intelligence,” McCarthy wrote … Read more
The top Senate Democrat wants Republicans to explain just how exactly they want to cut spending in exchange for keeping the country solvent. We’ll also look at how many millions of Americans would lose their jobs if the US defaulted and how the IRS is trying to fix the tax-filing process. But first, find out … Read more
CNN — Senate GOP leader Mitch McConnell has engineered ways out of a devastating debt default in the past. This time may be different – at least for now. Facing the riskiest debt ceiling standoff in a dozen years, Senate Republican leaders are planning to take a backseat role and let the newly empowered House … Read more
Strategists and political experts in both parties believe Democrats will have to come to the bargaining table soon to negotiate a debt ceiling deal that would avoid an economic catastrophe. President Biden and Senate Majority Leader Charles Schumer (DN.Y.) are so far refusing to negotiate with Speaker Kevin McCarthy (R-Calif.) on raising the nation’s debt … Read more
House Speaker Kevin McCarthy (R-Calif.) is pressing for Democrats to come to the bargaining table and begin negotiations to address the nation’s debt limit, as he faces pressure within his party to make good on significant fiscal reform. McCarthy called on the White House to start discussions this week. But as both sides gear up … Read more
What does the situation mean for stocks? Most analysts believe the US will avoid a default, so the effects of a political showdown on stock values would be temporary. “The political squabbles in the coming weeks will likely lead to stock market volatility,” said Shane Sideris, co-founder of Synchronous Wealth Advisors in California. “But, for … Read more
CNN — The clock is now ticking on the nation’s debt ceiling drama. The US hit its borrowing cap Thursdaytriggering the Treasury Department to start taking extraordinary measures to prevent a default. While Treasury Secretary Janet Yellen doesn’t expect the US to default on its debt before early June, Congress has to get serious about … Read more
CNN — Embattled freshman Rep. George Santos has been awarded seats on two low-level committees after House Republicans debated where to put the New York congressman, who is facing mounting legal issues and growing calls to resign for extensively lying about his resume. Several GOP sources told CNN that the House Republican Steering Committee, controlled … Read more
CNN — President Joe Biden is facing sharp new questions about his handling of classified documents as he prepares for a summit with the leaders of the US’ neighboring nations. The news that several classified documents from Biden’s time as vice president were discovered last fall at his private office in Washington, DC, broke moments … Read more
