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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    debt limit

    Johnson, Trump, Musk, Vance

    Looming Government Shutdown a 'Terrifying Preview' of Trump and DOGE

    "Nothing like a couple billionaires wreaking havoc on working families right before the holidays," said Rep. Mark Pocan.

    Jessica Corbett
    Dec 18, 2024

    U.S. President Trump and his allies, including billionaires Elon Musk and Vivek Ramaswamy, are blowing up bipartisan efforts to prevent a government shutdown that could begin this weekend with statements opposing a proposed stopgap measure.

    "Currently reading the 1,547-page bill to fund the government through mid-March. Expecting every U.S. congressman and senator to do the same," Ramaswamy posted on Musk's social media platform X late Tuesday. Trump has asked the two billionaires to co-lead the forthcoming Department of Government Efficiency (DOGE), which they have said will pursue massive cuts to federal regulations and spending.

    Keep ReadingShow Less
    billionaires
    donald-trump
     looks on as U.S. President Joe Biden

    Watchdog Slams Biden DOJ's Push to Preserve Debt Ceiling as Another Crisis Looms

    "Why is the Biden administration trying to rob itself of a clear opportunity to protect American workers and the economy from being roiled by MAGA saboteurs?" asked the head of the Revolving Door Project.

    Jessica Corbett
    Aug 10, 2023

    A government watchdog on Thursday called out the Biden administration for attempting to kill a lawsuit filed in May by a union representing about 75,000 workers across U.S. agencies that challenges the federal debt ceiling law.

    "Why is the Biden administration trying to rob itself of a clear opportunity to protect American workers and the economy from being roiled by MAGA saboteurs?" asked Jeff Hauser, executive director of the Revolving Door Project.

    Keep ReadingShow Less
    14th amendment
    debt-ceiling
    U.S. Sen. Dick Durbin (D-Ill.) listens during a Senate Judiciary Committee business meeting in Washington, D.C. April 4, 2022.

    Dems Unveil Debt Ceiling Reform Act to Prevent Future GOP Hostage-Taking

    "After a near-catastrophic default thanks to political games by our Republican colleagues, it's time to put the debt ceiling in the hands of the Treasury secretary," said Sen. Dick Durbin.

    Jessica Corbett
    Jun 09, 2023

    In the wake of President Joe Biden and Congress just barely averting an economically catastrophic U.S. default, a pair of Democratic leaders on Friday introduced a bill intended to stop Republican lawmakers from holding the economy hostage again.

    Contending that the recent crisis proves the current process "is broken and unsustainable," House Budget Committee Ranking Member Brendan Boyle (D-Pa.) and Senate Majority Whip Dick Durbin (D-Ill.) introduced the Debt Ceiling Reform Act.

    Keep ReadingShow Less
    treasury
    debt-ceiling
    President Biden Meets With Speaker McCarthy As Debt Ceiling Negotiations Continue

    For Corporate Media, Caving to GOP Debt Limit Blackmail Was a Triumph of Bipartisanship

    Treating the Republican gambit as anything other than economic hostage-taking gave it the legitimacy the party needed to stick with it without fear of massive political blowback.

    Julie Hollar
    Jim Naureckas
    Jun 05, 2023

    When Congress passed the debt ceiling deal hammered out by President Joe Biden and House Majority Leader Kevin McCarthy, centrist media celebrated.

    If we had anything like a responsible White House press corps, we never would have gotten to this point. Treating the Republican gambit—demanding deeply unpopular policy measures in exchange for allowing the government to pay off debts Congress had already authorized—as anything other than economic hostage-taking gave it the legitimacy the party needed to stick with it without fear of massive political blowback (CounterSpin, 5/5/23).

    Keep ReadingShow Less
    debt limit
    corporate-media

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