after they had humiliated mccarthy with 14 failed attempts to becoming speaker of the house. it was always a threat, and now it s confirmed. house republicans are planning to reach the debt limit. washington post reports house republicans payment poor prioritization plan. we also stipulate that the treasury department should continue making payments on social security, medicare, and veterans benefits, as well as funding the military, to people said. such a move would be unprecedented and hugely controversial, and even releasing the plan could turn into a major political liability for the gop. a hypothetical proposal that protects social security, medicare, veterans benefits, and the military, would still leave out huge swaths of critical federal expenditure on things like medicaid, food safety inspections, border control, air traffic control, to name just a few of the thousands of programs. democrats are also likely to accuse republicans of prioritizing payments to u.s. bond holders, w
chinese banks, over american citizens, and quote. here s the thing. none of this is new. republicans tried this trick with president obama when they first took the debt ceiling hostage. the treasury warned then and treasury secretary janet yellen says today, congress cannot allow this to happen. you see, the victim of breaching the debt ceiling isn t congressional democrats. it s not joe biden. it s you. and me, and everyone in america, and possibly the global economy. and to threaten it today is, in fact, much more dangerous than it was back when barack obama was president, back when inflation and interest rates were low. because of inflation, which is currently a global phenomenon, interest rates are higher today than they were then. in so far as republicans had any policy in the midterm elections, they claimed to care
House Passes compromise Defense Spending Bill reflecting focus on China. House Republican Leader, Mike Gallagher, announces China Select Committee Leadership. The US announced sanctions under the Global Magnitsky Act on 170 largely Chinese entities based on human rights abuses.
The White House declared emergency on June 6, 2022, directed Secretary of Commerce to consider using emergency powers to permit solar panel manufacturers to import panels from Cambodia, Malaysia, Thailand, and Vietnam free from any circumvention duties for up to two years.
we re more reliable than the last four years suggest. we have a strong team pushing on this, and we re getting to make some headway as the agreement on minimum taxation for corporations global, a global agreement. that agreement was basically hammered out by janet yellen, the u.s. secretary of treasury. he s just gotten a deal through the congress, or at least through the senate, to curb china some. europeans are worried that he may get too aggressive. he may be too hard lined with iran and china and may get into another cold war. i do think he s sending a clear message, the united states wants to be back sitting in the seated of leadership. before i see putin, i m going to rally this is the biden deal. before i see putin, i want to rally our friends and our long-term allies so putin knows he s not just facing the united states, but a more united group of nations than he s seen in the last four years. okay. so there s messaging, and that s important. very low bar for biden just not