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      matt gaetz

      Janet Yellen

      Yellen Says US Will Run Out of Money to Pay Bills on June 5 Absent Debt Limit Deal

      The treasury secretary's warning came as a Biden administration official said the president won't invoke the 14th Amendment in order to avoid a first-ever U.S. default.

      Brett Wilkins
      May 26, 2023

      U.S. Treasury Secretary Janet Yellen on Friday warned Congress that the United States government will run out of money to pay its bills on June 5 if lawmakers don't reach an agreement to raise the nation's debt ceiling.

      "Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government's obligations if Congress has not raised or suspended the debt limit by June 5," Yellen wrote in a letter to House Speaker Kevin McCarthy (R-Calif.).

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      Rep. Matt Gaetz leaves a meeting of the House Republican Conference

      Matt Gaetz Openly Confirms Republicans See US Economy as 'Our Hostage'

      "A key player in the extreme MAGA House majority now admits what anyone paying attention has suspected all along," said one watchdog group.

      Jake Johnson
      May 24, 2023

      Through their actions in recent months, House Republicans have made clear that they view the debt ceiling standoff as a hostage situation that they can exploit to advance their political agenda—which includes draconian cuts to social programs and massive handouts to the fossil fuel industry.

      On Tuesday, just days before the June 1 "X-date," Rep. Matt Gaetz (R-Fla.) came right out and admitted it, telling reporters that "my conservative colleagues for the most part support Limit, Save, Grow, and they don't feel like we should negotiate with our hostage."

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      U.S. Rep. Alexandria Ocasio-Cortez (D-N.Y.) participates in a meeting of the House Oversight and Reform Committee in the Rayburn House Office Building in Washington, D.C. on January 31, 2023.

      US House Members Unveil Stock Trading Ban: Bipartisan Restoring Faith in Government Act

      "When members have access to classified information, we should not be trading in the stock market on it," said Rep. Alexandria Ocasio-Cortez. "It's really that simple."

      Jessica Corbett
      May 02, 2023

      Four members of the U.S. House of Representatives from across the political spectrum came together on Tuesday to introduce the Bipartisan Restoring Faith in Government Act, which would ban federal lawmakers and their immediate relatives from owning and trading stocks.

      Momentum for such a ban has been growing in the wake of various investigations last year, but Democrats—who controlled both chambers of Congress in 2022, but now only have a slim majority in the Senate—failed to pass any of the related legislative proposals, despite their popularity among voters.

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      Don't Be Taken by Corporate Media Both-Siderism: The GOP Alone Manufactured This Debt Ceiling Disaster

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