The Best Wireless Chargers for Your Android or iPhone in 2023
If you constantly lose charging cables or live in a household where Android phones and
2023-12-01 23:04
Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist
Debt ceiling negotiations are locked on a classic problem that has vexed, divided and disrupted Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats do not. Time is short to strike a deal before a deadline as soon as June 1, when the Treasury says the government risks running out of cash to pay its bills. Negotiators are expected to convene Wednesday for another round of talks as frustration mounts. The political standoff is edging the country closer to a crisis, roiling financial markets and threatening the global economy. “They’ve got to acknowledge that we’re spending too much,” said McCarthy. Cheered on by a hard-charging conservative House majority that hoisted him to power, McCarthy, R-Calif., was not swayed by a White House counter-offer to freeze spending instead. “A freeze is not going to work,” McCarthy said. The longstanding Washington debate over the size and scope of the federal government now has just days to be resolved. Failure to raise the nation's debt ceiling, now at $31 trillion, would risk a potentially chaotic federal default, almost certain to inflict economic turmoil at home and abroad. From the White House, press secretary Karine Jean-Pierre said it was “ridiculous” to suggest Biden wasn’t acting with urgency after Republicans complained about the pace. “He wants to see this done as soon as possible,” she said. Dragging into a third week, the negotiations over raising the nation's debt limit were never supposed to arrive at this point. The White House insisted early on it was unwilling to barter over the need to pay the nation’s bills, demanding that Congress simply lift the ceiling as it has done many times before with no strings attached. But the newly elected speaker visited Biden at the Oval Office in February, urging the president to come to the negotiating table on a budget package that would reduce spending and the nation’s ballooning deficits in exchange for the vote to allow future debt. “I told the president Feb. 1," McCarthy recounted. "I said, Mr. President, you’re not going to raise taxes. You've got to spend less money than was spent this year.” Negotiations are focused on finding agreement on a 2024 budget year limit. Republicans have set aside their demand to roll back spending to 2022 levels, but say that next year’s government spending must be less than it is now. But the White House instead offered to freeze spending at current 2023 numbers. “We are holding firm to the speaker’s red line,” said a top Republican negotiator, Rep. Garret Graves of Louisiana. “Which is that we will not do a deal unless it spends less money than we’re spending this year.” By sparing defense and some veterans accounts from reductions, the Republicans would shift the bulk of spending reductions to other federal programs, an approach that breaks a tradition in Congress of budget cap parity. Graves said there were still “significant gaps” between his side and the White House. Agreement on that topline spending level is vital. It would enable McCarthy to deliver spending restraints for conservatives while not being so severe that it would chase off the Democratic votes that would be needed in the divided Congress to pass any bill. But what, if anything, Democrats would get if they agreed to deeper spending cuts than Biden's team has proposed is uncertain. Asked what concessions the Republicans were willing to give, McCarthy quipped, “We’re going to raise the debt ceiling.” The White House has continued to argue that deficits can be reduced by ending tax breaks for wealthier households and some corporations, but McCarthy said he told the president at their February meeting that raising revenue from tax hikes is off the table. The negotiators are now also debating the duration of a 1% cap on annual spending growth going forward, with Republicans dropping their demand for a 10-year cap to six years, but the White House offering only one year, for 2025. Typically, the debt ceiling has been lifted for the duration of a budget deal, and in this negotiation the White House is angling for a two-year agreement that would push past the presidential elections. Past debt ceiling talks have produced budget agreements in which both parties have won some concessions in a give and take. Both have wanted to raise the debt limit to prevent a economy-shattering federal default. Graves explained the Republican position this time around. Since Biden already boosted federal spending in significant ways with his COVID-19 rescue package, Inflation Reduction Act and other bills, “they've already got theirs.” “We’re willing to give them an increase in debt ceiling. That’s what they’re getting,” he said. And yet, the Republicans are pushing additional priorities as the negotiators focus on the $100 billion-plus difference between the 2022 and 2023 spending plans as a place to cut. Republicans want to beef up work requirements for government aid to recipients of food stamps, cash assistance and the Medicaid health care program that the Biden administration says would impact millions of people who depend on assistance. All sides have been eyeing the potential for the package to include a framework to ease federal regulations and speed energy project developments. They are all but certain to claw back some $30 billion in unspent COVID-19 funds now that the pandemic emergency has officially lifted. The White House has countered by keeping defense and nondefense spending flat next year, which would save $90 billion in the 2024 budget year and $1 trillion over 10 years. The House speaker promised lawmakers he will abide by the rule to post any bill for 72 hours before voting, making any action doubtful until the weekend — just days before the potential deadline. The Senate would also have to pass the package before it could go to Biden's desk to be signed. McCarthy faces a hard-right flank in his own party that is likely to reject any deal, and that has led some Democrats to encourage Biden to resist any compromise with the Republicans and simply invoke the 14th Amendment to raise the debt ceiling on his own, an unprecedented and legally fraught action the president has resisted for now. ___ Associated Press writers Farnoush Amiri, Stephen Groves, Kevin Freking, Chris Megerian, Darlene Superville and Mary Clare Jalonick contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Just in case: Anxious retirees, social service groups among those making default contingency plans Marjorie Taylor Greene pays $100k for chapstick used by Kevin McCarthy Debt ceiling talks grind on, but Republicans say there's a 'lack of urgency' from White House
2023-05-24 12:09
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'From Ukrainians without love': Drone fundraiser taunts Moscow
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Sri Lanka aims to streamline tax structure, boost collections
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White neighbour who fatally shot Black mother in row over children playing pleads not guilty to manslaughter
Susan Lorincz, the white woman accused of fatally shooting her Black neighbour, Ajike “AJ” Owens through the front door of her house, pled not guilty to a manslaughter charge on Tuesday. Last month Ms Lorincz, 58, was charged with manslaughter and assault in Marion County, Florida after shooting Ms Owens, 35, through her front door when Ms Owens knocked on Ms Lorincz’s door. Ms Owens, a mother to four, was trying to confront Ms Lorincz for allegedly calling her children racial slurs, taking their iPad and then throwing skates at her son when Ms Lorincz fired her gun. Authorities said Ms Lorincz and Ms Owens had a longstanding feud regarding Ms Owen’s children playing in an area next to Ms Lorincz’s home. On 2 June, Ms Owens went over to Ms Lorincz’s home to speak with her about the incident involving skate-throwing. Ms Lorincz then fired a bullet from within her home which went through the locked door and struck Ms Owens. The shooting occurred in front of her nine-year-old child. First responders’ attempted to keep Ms Owens alive and rushed her to a nearby hospital, but she did not survive her injuries. More follows Read More A Black mother confronted a neighbour for scolding her son. Then she was shot dead Body camera footage sheds new light on ‘racist’ who shot Black mother of four White woman charged after shooting through her door and killing Black mother in front of her son
2023-07-11 23:40
Western Digital's first-quarter forecast disappoints as weak cloud demand weighs
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Haiti refuses to open key border crossing with Dominican Republic in spat over canal
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These stylish Sony headphones are on sale for under £200 this Prime Day
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2023-07-11 12:00
Biden heads to the G20 looking to make the most of Xi and Putin's absence
President Joe Biden arrives in New Delhi on Friday for the annual gathering of the Group of 20 with plans to counter mounting military and economic aggression from Russia and China, while also demonstrating the US's commitment to developing countries.
2023-09-08 00:00
No. 16 Arizona faces rival Arizona State with Pac-12 title game still within reach
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Netflix Ad Tier Hits 15 Million Users, Offers New Features
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