Tag Archives: public debt

Editor’s Observe: Lanhee J. Chen, PhD, is a daily contributor to CNN Opinion and the David and Diane Steffy Fellow in American Public Coverage Research on the Hoover Establishment. He was a candidate for California State Controller in 2022. Chen has performed senior roles in each Republican and Democratic presidential …

Hong Kong CNN  —  Three years of strict pandemic controls in China and an actual property crash have drained native authorities coffers, leaving authorities throughout the nation battling mountains of debt. The issue has gotten so excessive that some cities at the moment are unable to offer primary providers, and …

Washington CNN  —  President Joe Biden delivered a Thursday speech to hail financial progress throughout his administration and to assault congressional Republicans for his or her proposals on the economic system and the social security internet. A few of Biden’s claims within the speech had been false, deceptive or missing …

Minneapolis CNN  —  After the United States hit its debt ceiling on Thursday, the Treasury Department is now undertaking “extraordinary measures” to keep paying the government’s bills. A default could be catastrophic, causing “irreparable harm to the US economy, the livelihoods of all Americans and global financial stability,” Treasury Secretary …

Washington CNN  —  Democratic Sen. Joe Manchin of West Virginia said Sunday that it’s a “mistake” for the White House to want Democrats to deal with the debt ceiling without negotiating with congressional Republicans. “I think it’s a mistake because we have to negotiate. This is a democracy that we …

Editor’s Note: Julian Zelizer, a CNN political analyst, is a professor of history and public affairs at Princeton University. He is the author and editor of 25 books, including the New York Times best-seller, “Myth America: Historians Take on the Biggest Lies and Legends About Our Past” (Basic Books). Follow …

CNN  —  Every American could get hurt if the new hardline Republican House’s dangerous game of roulette with a still vulnerable economy backfires. The nation reaches a first, critical threshold Thursday in the brewing Washington showdown over the national debt that could define the tenure of the new GOP majority …

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN  —  The US has been in debt and arguing about it for its entire existence. The only two years in US history when there was no debt …

CNN  —  The Treasury Department said Friday the US could default on its debt as soon as June, setting up one of the first major battles on Capitol Hill after Republicans took control of the House. The US will reach the debt limit on January 19 and then “extraordinary measures” …

A model of this story appeared in CNN’s What Issues publication. To get it in your inbox, join free here. CNN  —  This isn’t the tip of Home Speaker Kevin McCarthy’s nightmare, moderately only the start. Having gained the coveted job, the California Republican has leveled as much as a …

A model of this story seems in CNN’s What Issues e-newsletter. To get it in your inbox, join free here. CNN  —  It’s a really small minority of a slim majority that’s saved the Home from shifting ahead and is on the cusp of derailing Rep. Kevin McCarthy’s bid to …

CNN  —  Republicans’ take over of the Home this week will usher in a two-year political period that threatens to deliver governing showdowns and shutdowns as a GOP speaker and Democratic president attempt to wield energy from reverse ends of Pennsylvania Avenue. The unprecedented risk that former President Donald Trump, …