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      Biden signs debt ceiling bill after months-long standoff, avoiding default

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      Joe Biden signed a bill on Saturday to suspend the US debt ceiling, ending a months-long standoff with the Republican House speaker, Kevin McCarthy, and averting a federal default that could have upended the world economy.Economists warned that a default could have caused the US unemployment rate to double while significantly damaging gross domestic product.In a televised address from the Oval Office on Friday evening, Biden said: “Passing this budget agreement was critical. The stakes could not have been higher.“If we had failed to reach an agreement on the budget, there were extreme voices threatening to take America, for the first time in our 247-year history, into default on our national debt. Nothing, nothing would have been more irresponsible.”The signing of the bill came one day after the Democratic-held Senate passed it in a bipartisan vote, 63-36, sending the proposal to Biden’s desk a few days before the 5 June deadline. A day earlier, the bill passed the Republican-controlled House by 314-117.“It was critical to reach an agreement, and it’s very good news for the American people,” Biden said on Friday. “No one got everything they wanted. But the American people got what they needed.”In a statement on Saturday, the White House thanked Democratic and Republican leaders in Congress “for their partnership”.The White House also tweeted video of Biden signing the bill in the Oval Office.Heralding the “safeguarding [of] Social Security, Medicare and Medicaid, and fulfilling our scared obligation to our veterans”, Biden said: “Now, we continue the work of building the strongest economy in the world.”The bill signing followed the release on Friday of strong monthly jobs figures.The new law will suspend the borrowing limit until January 2025, ensuring the issue will not resurface before the next presidential election.In negotiations with Biden, McCarthy secured concessions aimed at cutting government spending. The legislation includes a modest reduction in non-defense discretionary spending as well as changes to work requirements for the Supplemental Nutrition Assistance and the Temporary Assistance for Needy Families programs.The concessions were a partial defeat for Biden, who spent months insisting he would not negotiate and repeatedly called on Congress to pass a bill with no strings attached. The president was forced to the negotiating table after House Republicans passed a debt ceiling bill in late April.But as he discussed the compromise bill, Biden expressed pride that he and his advisers were able to rebuff many Republican demands. The bill passed by House Republicans would have enacted much steeper cuts and broader work requirements for benefits while raising the borrowing limit until 2024.“We averted an economic crisis, an economic collapse,” Biden said on Friday. “We’re cutting spending and bringing the deficits down at the same time. We’re protecting important priorities – from Social Security to Medicare to veterans to our transformational investments in infrastructure and clean energy.”Biden’s cause for celebration was a source of outrage among hard-right Republicans. The debt ceiling bill was opposed by 71 Republicans in the House and 17 in the Senate, who argued it did too little to address the federal debt of more than $31tn. Members of the House Freedom caucus repeatedly attempted to block the compromise bill.skip past newsletter promotionafter newsletter promotion“President Biden is happily sending Americans over yet another fiscal cliff, with far too many swampy Republicans behind the wheel of a ‘deal’ that fails miserably to address the real reason for our debt crisis: SPENDING,” Scott Perry of Pennsylvania, chair of the House Freedom caucus, said on Wednesday.Progressives harbored their own concerns, saying the cuts and work requirements amounted to a betrayal of voters. Five progressives in the Senate, including Bernie Sanders of Vermont, and 46 in the House decided to vote against the bill.“I could not in good conscience vote for a bill that cuts programs for the most vulnerable while refusing to ask billionaires to pay a penny more in taxes,” Sanders wrote in a Guardian op-ed on Friday. “Deficit reduction cannot just be about cutting programs that working families, the children, the sick, the elderly and the poor depend upon.”A particular source of anguish for progressives was the bill’s handling of defense spending. While non-defense priorities like education and healthcare will have to endure cuts, the Pentagon budget is set to grow. The inflated spending outlined in the bill did not go far enough for defense hawks already weighing options to spend more. Progressives saw the uneven distribution of cuts as an insult.“At a time when we spend more on the military than the next 10 nations combined I could not, in good conscience, vote for a bill that increases funding for the bloated Pentagon and large defense contractors that continue to make huge profits by fleecing American taxpayers with impunity,” Sanders wrote.In the end, the vast majority of Democrats voted to prevent a default.Biden’s signing of the bill prevents that outcome for now, but lawmakers will need to take up the matter again before January 2025, when the new suspension expires.Many Democrats and some economists have called for the elimination of the debt ceiling to remove any threat of default in future, progressives suggesting Biden can unilaterally do away with the borrowing limit by invoking the 14th amendment of the constitution. The amendment states that the validity of the public debt of America “shall not be questioned”.If Biden were to follow that path, the recent battle over the debt ceiling could prove to be the last.“The fact of the matter is that this bill was totally unnecessary,” Sanders wrote. “I look forward to the day when [Biden] exercises this authority and puts an end, once and for all, to the outrageous actions of the extreme right wing to hold our entire economy hostage in order to protect their corporate sponsors.” More

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      Joe Biden hails ‘big win’ as bipartisan debt ceiling bill reaches his desk

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      The bipartisan bill to solve the US debt ceiling crisis just days before a catastrophic and unprecedented default was on its way to Joe Biden’s desk on Friday as the US president prepared to address the nation and hailed “a big win for our economy and the American people”.The compromise package negotiated between Biden and the House speaker, Kevin McCarthy, passed the US Senate late on Thursday.Biden acknowledged that it leaves neither Republicans nor Democrats fully pleased with the outcome. But the result, after weeks of torturous negotiations, shelves the volatile debt ceiling issue until 2025, after the next presidential election.“No one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people,” Biden tweeted after the Senate voted 63 to 36 to pass the deal agreed between Biden and McCarthy last weekend, which passed the House on Wednesday.The final Senate vote capped off a long day that ground into night, as lawmakers spent hours considering amendments to the legislation. All 11 of the proposed amendments failed to gain enough support to be added to the underlying bill.Several of the amendments were introduced by Senate Republicans who expressed concern that the debt ceiling bill passed by the House did too little to rein in government spending.“Tonight’s vote is a good outcome because Democrats did a very good job taking the worst parts of the Republican plan off the table,” the Senate majority leader, Democrat Chuck Schumer, said after the vote.As part of the negotiations over the bill, McCarthy successfully pushed for modest government spending cuts and changes to the work requirements for the Supplemental Nutrition Assistance and the Temporary Assistance for Needy Families Programs. Those changes were deemed insufficient by 31 Republican senators, who echoed the criticism voiced by the 71 House Republicans who opposed the bill a day earlier.The Senate minority leader, Republican Mitch McConnell, supported the bill, even as he acknowledged that lawmakers must take further action to tackle the federal government’s debt of more than $31tn.Senate Democrats lobbied against certain provisions in the bill, namely the expedited approval of the controversial Mountain Valley natural gas pipeline. Senator Tim Kaine, a Democrat of Virginia, introduced an amendment to remove the pipeline provision from the underlying debt ceiling bill, but that measure failed alongside the 10 other proposed amendments.Refusing a once-routine vote to allow a the nation’s debt limit to be lifted without concessions, McCarthy brought Biden’s White House to the negotiating table to strike an agreement that forces spending cuts aimed at curbing the nation’s deficits.“The fact remains that the House majority never should have put us at risk of a disastrous, self-inflicted default in the first place,” said Senator Chris Coons, a Democrat. “We should prevent the debt ceiling from being used as a political hostage and stop allowing our country to be taken up to the edge of default.” More

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      Who won the debt ceiling negotiations? – podcast

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      On Wednesday night the House debated legislation to increase the US debt limit until January 2025, before passing the bill by a vote of 314 to 117, in a rare showing of bipartisan action.
      It then narrowly passed the Senate late on Thursday night, heading straight to Biden’s desk to sign just days before the 5 June deadline. This week, Jonathan Freedland speaks to the congressional reporter for the Washington Post, Marianna Sotomayor. They discuss whether Biden and McCarthy are right to see this as a win, or have they failed by simply giving into the demands of the other side

      How to listen to podcasts: everything you need to know More

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      US debt ceiling deal narrowly passes senate averting catastrophic federal default

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      The Senate narrowly passed a bill to suspend the debt ceiling on Thursday night, sending the legislation to Joe Biden’s desk and averting a federal default that could have wreaked havoc on the US economy and global markets.The final vote was 63 to 36, with 46 Democrats and 17 Republicans supporting the bill while five Democrats and 31 Republicans opposed the legislation. Sixty votes were needed to pass the bill.“Tonight’s vote is a good outcome because Democrats did a very good job taking the worst parts of the Republican plan off the table,” the Senate majority leader, Democrat Chuck Schumer, said after the vote. “And that’s why Dems voted overwhelmingly for this bill, while Republicans certainly in the Senate did not.”Biden applauded the Senate’s accomplishment and promised to sign the bill as soon as it reaches his desk, with just days to go before the 5 June default deadline.“Tonight, senators from both parties voted to protect the hard-earned economic progress we have made and prevent a first-ever default by the United States,” Biden said in a statement. “Our work is far from finished, but this agreement is a critical step forward, and a reminder of what’s possible when we act in the best interests of our country.”The Senate vote came one day after the House passed the debt ceiling bill in a resounding, bipartisan vote of 314 to 117. The bill – which was negotiated between Biden and the House Republican speaker, Kevin McCarthy of California – will suspend the government’s borrowing limit until January 2025, ensuring the issue will not resurface before the next presidential election.The final Senate vote on the bill capped off a long day in the upper chamber, where lawmakers spent hours considering amendments to the legislation. All 11 of the proposed amendments failed to gain enough support to be added to the underlying bill.Several of the amendments were introduced by Senate Republicans who expressed concern that the debt ceiling bill passed by the House did too little to rein in government spending.As part of the negotiations over the bill, McCarthy successfully pushed for modest government spending cuts and changes to the work requirements for the Supplemental Nutrition Assistance and the Temporary Assistance for Needy Families Programs. Those changes were deemed insufficient by 31 Republican senators, who echoed the criticism voiced by the 71 House Republicans who opposed the bill a day earlier.“It doesn’t go far enough. It doesn’t do the basic things that it purports to do,” Senator Mike Lee, a Republican of Utah, told Fox News on Thursday morning. “In case after case, the cuts that it proposes won’t materialize.”The Senate minority leader, Republican Mitch McConnell, supported the bill, even as he acknowledged that lawmakers must take further action to tackle the federal government’s debt of more than $31tn.“The Fiscal Responsibility Act avoids the catastrophic consequences of a default on our nation’s debt,” McConnell said on the floor on Thursday morning. “The deal the House passed last night is a promising step toward fiscal sanity. But make no mistake: there is much more work to be done. The fight to reel in wasteful government spending is far from over.”As some of their colleagues lamented the state of America’s debt, defense hawks in the Senate Republican conference warned that the legislation does not sufficiently fund the Pentagon, leaving the US military vulnerable in the face of foreign threats.skip past newsletter promotionafter newsletter promotionSchumer and McConnell attempted to allay those concerns by entering a statement into the record reaffirming that America stands ready to “respond to ongoing and growing national security threats”.“This debt ceiling deal does nothing to limit the Senate’s ability to appropriate emergency supplemental funds to ensure our military capabilities are sufficient to deter China, Russia and our other adversaries,” the joint statement read. “The Senate is not about to ignore our national needs, nor abandon our friends and allies who face urgent threats from America’s most dangerous adversaries.”The Senate leaders released a second statement aimed at reassuring colleagues who expressed alarm over a provision stipulating that an across-the-board spending cut will be enacted if Congress does not pass all 12 appropriations bills for fiscal year 2024. The measure was designed to incentivize Congress members to pass a full budget, which has proven to be a difficult task in recent years, but lawmakers fear the policy will lead to more spending cuts.“We share the concern of many of our colleagues about the potential impact of sequestration and we will work in a bipartisan, collaborative way to avoid this outcome,” Schumer and McConnell said. “The leaders look forward to bills being reported out of committee with strong bipartisan support.”Senate Democrats also lobbied against certain provisions in the bill, namely the expedited approval of the controversial Mountain Valley natural gas pipeline. Senator Tim Kaine, a Democrat of Virginia, introduced an amendment to remove the pipeline provision from the underlying debt ceiling bill, but that measure failed alongside the 10 other proposed amendments.Despite their personal concerns about the details of the bill, most Senate Democrats, including Kaine, supported the legislation to get it to Biden’s desk and avoid a devastating default that economists warned could result in millions of lost jobs. With the immediate crisis averted, Democrats reiterated their demands to eliminate the debt ceiling and remove any future threat of default.“The fact remains that the House majority never should have put us at risk of a disastrous, self-inflicted default in the first place,” said Senator Chris Coons, a Democrat. “We should prevent the debt ceiling from being used as a political hostage and stop allowing our country to be taken up to the edge of default.” More

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      Biden falls on stage at Air Force Academy ceremony; Senate blocks student relief program – live

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      From 2h agoJoe Biden took a heavy fall on stage on Thursday afternoon at the conclusion of a lengthy ceremony honoring graduating air force recruits in Colorado.The president gave the commencement address at the event, which lasted around five hours. Biden, 80, tripped and fell to the ground as he turned to his left to shake an officer’s hand following his speech.He remained down for several seconds before an air force officer and two Secret Service agents helped him back to his feet. He walked back to his seat unaided after pointing to an item on the stage.White House communications director Ben LaBolt said on Twitter that Biden was unhurt. “He’s fine. There was a sandbag on stage while he was shaking hands,” he said.Republicans in particular have made an issue of Biden’s age as he seeks re-election next year. He would be 86 at the conclusion of a second term.In April, the White House was reportedly working on a plan to boost support for Vice-President Kamala Harris in the face of the mounting criticism.Biden is no stranger to mishaps. Last year he fell off his bike during a ride in Delaware after catching his foot on a pedal.An Oklahoma Republican senator said “I don’t want reality” in a recent hearing on race and education.Martin Pengelly reports:Questioning a witness about childcare and the teaching of race, the Oklahoma Republican senator Markwayne Mullin said: “I don’t want reality.”The remark prompted laughter in the hearing room.Mullin said he “misspoke” and returned to hectoring his witness about whether a book meant to teach children about racism was appropriate for early learning classes.Mullin is an election denier, former cage fighter and plumbing company owner who sat in the US House before being elected to the Senate last year.His confrontational style has caused comment before. In March, for example, he told a Teamsters leader to “shut your mouth” during a fiery exchange.Mullin’s remark about reality and its uses came on Wednesday in a hearing held by the Senate health, education, labour and pensions committee.For more, click here:Donald Trump has responded to President Joe Biden’s fall at the Air Force Academy in Colorado, saying, “I hope he wasn’t hurt,” before adding, “That’s too bad.”Speaking to reporters, Trump said, “Well, I hope he wasn’t hurt. The whole thing is … crazy. You gotta be careful about that … because you don’t want that even if you have to tiptoe down a ramp,” as the crowd responded with applause.Trump went on to recall an incident during his presidency in which he was captured tiptoeing down a ramp next to a general after he gave an address at West Point, New York, in June 2020.Trump’s slow walk at the time prompted widespread concern online over his fitness as president.Recalling the incident, Trump said:
      “That was the best speech I think I ever made and it was pouring rain … and horrible and cold and windy. And they had a ramp that was pure as an ice skating rink and it was like 25 feet long …
      I have nice leather [shoes] … and I said, ‘You know what, general? Get ready, if I grab you, you just get ready ’cause I got this stupid ramp that somebody put up and there’s no stairs, right?’ … So I tiptoe down and I suffered for that. They never covered my speech but the smart people understood that … ”
      He went on to add: “That’s a bad place to fall … That’s not inspiring.”
      Robert F Kennedy Jr has said that he has “conversations with dead people” every day.Speaking to the Free Press in response to a question about how he thought his late father and former US attorney general Robert F Kennedy, as well as his uncle and the 35th US president, John F Kennedy, would address the country’s issues today, Kennedy replied:“I do meditations every day,” Kennedy said. “That’s kind of the nature of my meditations. I have a lot of conversations with dead people.”He went on to add in a text message, “They are one-way prayers for strength and wisdom. I get no strategic advice from the dead,” the outlet reported.Kennedy is currently in the presidential race against President Joe Biden for the Democratic nomination and is a prominent conspiracy theorist and vaccine skeptic.For more details, click here:A Pride flag was put up over the Wisconsin capitol building on Thursday as part of the state’s show of effort to support LGBTQ+ rights across the country.During a noon ceremony in front of dozens of spectators, Wisconsin’s Democratic governor, Tony Evers, instructed the flag to be raised and will fly above the state capitol throughout the entirety of June to mark Pride month. The flag flies below the US flag and the Wisconsin state flag.Speaking to spectators, Evers said that he was “jazzed as hell” to be at the ceremony, adding, “You belong here. You are welcome here … It’s a signal that I will always stand with LGBTQ Wisconsinites, including our trans and gender non-conforming kids, and will fight to protect them with every tool and every power that I have,” the Associated Press reports.The flag-raising ceremony comes as LGBTQ+ rights have come under increasing attack from rightwing lawmakers across the country.Joe Biden is on his way back to Washington DC after taking a tumble at the Air Force Academy’s graduation ceremony in Colorado Springs, Colorado, this afternoon.The Associated Press released a photograph of the 80-year-old president climbing the steps to board Air Force One on Thursday afternoon, Biden holding the handrail as he ascends.Aides said Biden was unhurt in the fall.Read more:Another supporter of Donald Trump who took part in the deadly January 6 riot in Washington DC has been sentenced to a lengthy prison term.Roberto Minuta, described by prosecutors as one of Oath Keepers leader Stewart Rhodes’ “most trusted men”, received a four-year term for seditious conspiracy from US district court judge Amit Mehta.Minuta, of Prosper, Texas, was not initially at the Capitol because he was part of a “security detail” for Trump ally Roger Stone, who was attending Trump’s “Stop the Steal” rally nearby. But prosecutors said he sped to the scene of the riot in a golf cart once he learned of the breach of the Capitol building.Once inside, he joined a crowd pushing against police and screamed, “This was bound to happen,” CNN reported.Exactly one week ago, Mehta sentenced Rhodes to 18 years in prison, also for seditious conspiracy. It was the longest sentence handed down to date to a January 6 riot participant.“The moment you are released, whenever that may be, you will be ready to take up arms against your government,” Mehta told the far-right group’s leader.Joe Biden took a heavy fall on stage on Thursday afternoon at the conclusion of a lengthy ceremony honoring graduating air force recruits in Colorado.The president gave the commencement address at the event, which lasted around five hours. Biden, 80, tripped and fell to the ground as he turned to his left to shake an officer’s hand following his speech.He remained down for several seconds before an air force officer and two Secret Service agents helped him back to his feet. He walked back to his seat unaided after pointing to an item on the stage.White House communications director Ben LaBolt said on Twitter that Biden was unhurt. “He’s fine. There was a sandbag on stage while he was shaking hands,” he said.Republicans in particular have made an issue of Biden’s age as he seeks re-election next year. He would be 86 at the conclusion of a second term.In April, the White House was reportedly working on a plan to boost support for Vice-President Kamala Harris in the face of the mounting criticism.Biden is no stranger to mishaps. Last year he fell off his bike during a ride in Delaware after catching his foot on a pedal.Punchbowl has details of a Senate deal it says “came together relatively quickly Thursday” to try to get the debt ceiling bill passed in the chamber tonight.A group of Republican “defense hawks”, it says, demanded a public commitment from Senate leadership to take up a spending bill later this year focused on Ukraine and other priorities, including Israel and China.They also reportedly secured a deal with Democratic Senate majority leader Chuck Schumer to bring up about a dozen appropriations bills they wanted heard before the end of the year.It remains to be seen if a final vote will happen tonight. Schumer is hopeful it will, saying the chamber will “stay in session until we send the bill avoiding default to President Biden’s desk. We will keep working until the job is done.”Senators have voted to block one of Joe Biden’s flagship policy promises, progressing a bill that would repeal his student debt relief program and end the administration’s pause on federal student loan payments.The vote was 52-46 to advance the legislation, NBC reported, with Democrats Joe Manchin (West Virginia) and Jon Tester (Montana), plus Arizona independent Kyrsten Sinema, breaking ranks and joining Republicans.The bill, however, will not become law because Biden said in a statement last month that he would veto it.“This resolution is an unprecedented attempt to undercut our historic economic recovery and would deprive more than 40 million hard-working Americans of much-needed student debt relief,” Biden said.“[The bill] would weaken America’s middle class. Americans should be able to have a little more breathing room as they recover from the economic strains associated with the Covid-19 pandemic.”Seeking to repeal Biden’s program to cancel up to $20,000 in student debt for certain borrowers, the bill passed the House last week 218-203.Its overall fate rests with the supreme court, which is currently weighing the legality of the program Republicans say is an unfair and unnecessary welfare handout.Documents were uncovered last month showing that Republican states fighting the loan forgiveness plan made false claims they would “suffer injuries” or be financially affected, a debt forgiveness campaign group claimed.Read more:Mark Kelly, Democratic senator for Arizona, says he’s a yes on the debt ceiling bill.“It’s ridiculous that, once again, DC has come to the brink of wrecking our economy,” Kelly, a former Nasa astronaut, said in a tweet.Two Republican senators have told CNN that the chamber is looking to wrap up a final vote on raising the debt ceiling tonight, clearing the way for the bill to hit Joe Biden’s desk over the weekend and in plenty of time to avoid a national default.The network reports that Florida’s Rick Scott and Utah’s Mitt Romney both say that’s the goal. Voting on any amendments and a vote on final passage need to be accomplished by the end of the day for that to happen.Additionally, Chuck Schumer, the New York Democrat and Senate majority leader, has said the chamber will remain in session until there’s an outcome.CNN says, however, there’s lingering dissent from certain members.Montana Democrat Jon Tester told the network:
      The debt needs to be addressed, [but] this is the wrong way to address the debt. Just the wrong way. It empowers the folks on the far right and, quite frankly, I don’t think they have the best interest of the country in mind. And I haven’t talked to anybody that’s enamored with this deal.
      A minimum of 60 senators are needed to avoid a filibuster on the bill, which would delay its passage beyond the deadline for the US to avoid defaulting on its payment obligations.Republicans Rand Paul of Kentucky and Josh Hawley of Missouri have said they will oppose, or are thinking about opposing, the bill, but Schumer and Senate minority leader Mitch McConnell are hopeful they have the numbers between them to get the bill past the finishing post tonight or tomorrow.The White House has slammed congressional Republicans for demanding that the FBI hand over a document related to Joe Biden, a spokesperson deriding what he called “a silly stunt”.Senator Chuck Grassley, of Iowa, and the Kentucky congressman James Comer demanded the document last month, saying it concerned an unspecified “alleged criminal scheme” involving Biden when he was vice-president to Barack Obama.The FBI did not comply. After threats of congressional action, the FBI director, Christopher Wray, reportedly offered to let the Republicans see the document.According to CNN, the document is connected to work done by Rudy Giuliani for then president Donald Trump in 2020.Trump’s first impeachment arose from the former New York mayor’s attempts to find dirt on Biden in Ukraine.As CNN pointed out, in 2020 Trump’s attorney general, William Barr, told reporters: “We can’t take anything we received from Ukraine at face value.”In comments to Fox News earlier today, Grassley said: “It’s a non-classified document, [Wray] admits it exists.“We aren’t interested in whether or not the accusations against Vice-President Biden are accurate or not. We’re responsible for making sure the FBI does its job and that’s what we want to know.”Asked if he’d read the document, Grassley, 89, said he had but would not “characterise it” on air.A White House spokesperson, Ian Sams, tweeted video of Grassley’s remarks and said: “Wow. Chuck Grassley admits the truth of his and James Comer’s silly FBI form stunt.”Comer is chair of the House oversight committee, one of the Republican-led panels seeking to dig up dirt on the president, his son Hunter Biden and other Democratic targets.In a statement, Sams added: “By congressional Republicans’ own admission, this clearly is not an exercise to get to the truth or uncover facts.“Instead, they are simply staging sad political stunts to push thin innuendo and spread insinuations to attack the president and get themselves booked on Fox News.”Joe Biden has just wrapped up a lengthy commencement address to graduating cadets at the Air Force Academy in Colorado Springs. He made no mention of the debt ceiling bill currently working its way through Congress, but touched on other political flashpoints including the war in Ukraine, cooperation with China and the threat posed by artificial intelligence.The president’s remarks included a renewed promise to Ukraine that the US would always stand beside the country, and continue to send military and humanitarian aid as it continues to fight against Russia’s invasion:
      Support for Ukraine will not waver. We always stand up for democracies. Always. I ask you to contemplate what happens if it wavers and Ukraine goes down. What about Belarus? What about the rest of eastern Europe?
      It was an upbeat, inspirational speech from the commander in chief, welcoming graduates to their future careers in the air and space forces:
      The world you graduate into, it is not only changing rapidly, the pace of change is accelerating as well. We’re seeing proliferating global challenges from Russia’s aggression and brutality in Europe, to competition with China, and a whole hell of a lot in between, growing instability, to food insecurity and natural disasters, all of which are being made worse by the existential threat of climate change.
      The threat from the rise of artificial intelligence (AI), Biden said, could not be underestimated:
      We’re seeing emerging technologies, from AI and 3D printing, that can change the character of conflict itself. I met in the Oval Office with with leading scientists in the area of AI. Some are very worried that AI can actually overtake human thinking and planning. So we’ve got a lot to deal with, a lot to do.
      From Colorado, Biden is heading back to the White House, hopeful of white smoke later from the Senate after it debates the debt ceiling bill that would stave off a national default.The former Republican congresswoman turned avowed Trump foe Liz Cheney declined to rule out a presidential run of her own earlier, telling a policy conference in Michigan: “I am really focused on making sure that Donald Trump isn’t anywhere close to the Oval Office again.”Cheney also said she would not support Trump’s closest challenger in the Republican primary, the governor of Florida, Ron DeSantis.The daughter of the former congressman, defense secretary and vice-president Dick Cheney is an arch-conservative who nonetheless turned against Trump over his attempted election subversion and incitement of the deadly January 6 attack on Congress.Defeated by a Trump-endorsed opponent in her Wyoming primary last year, Cheney emerged as a leader of anti-Trump Republicans, playing a prominent role as the House January 6 committee made criminal referrals regarding Trump to the US Department of Justice.Despite his unparalleled legal jeopardy, Trump leads Republican primary polling by around 30 points, with DeSantis a distant second. Cheney has not declared a run but generally scores in the low single figures, with most other candidates, declared or not.Speaking at the Mackinac Policy Conference on Thursday, Cheney added: “People who are willing to deny elections and people who are embracing this cult of personality around Donald Trump … have to be resisted at every stage.”Ron DeSantis “lashed out” at a reporter who asked why he did not take questions from the audience at a campaign event in New Hampshire.The awkward exchange seems bound to add to reports and observations that the Florida governor, a clear but distant second to Donald Trump in Republican primary polling, lacks the warmth and interpersonal skills necessary for retail politicking, the staple of primary season.DeSantis was appearing at a Veterans of Foreign Wars post in Laconia. Video tweeted by Jonathan Allen of NBC News showed the governor posing for selfies with audience members, a broad smile fixed in place.The reporter – identified by NBC as Steve Peoples of the Associated Press – asked: “Why not take any questions from voters, governor? Governor, how come you’re not taking questions from voters?”DeSantis said: “People are coming up to me, talking to me. What are you talking about? I’m not here talking to people? Are you blind? Are you blind? People are coming up to me and talking whatever they want to talk about.”Here it is:NBC quoted Vikram Mansharamani, an unsuccessful Republican candidate for Senate in New Hampshire last year, as calling the decision not to take audience questions “very disappointing”.“We like to hear from candidates and we have questions of our own [as] citizens here in the state,” Mansharamani said.It’s been a mixed bag so far today in US politics.The senate will later on Thursday take up the debt ceiling bill passed on a bipartisan vote in the House last night. Joe Biden is hopeful the measure averting a national default will be on his desk for signing before Monday.Meanwhile, the supreme court has handed down only a smattering of more minor opinions on the opening day of its June “decisions season”. A ruling weakening labor unions’ rights of where and when to call strikes; and another bolstering individuals’ rights to sue pharmacies who overcharge government programs for prescription drugs, came today.Here’s what else is happening:
      Twitter boss Elon Musk is facing a class action lawsuit for insider trading, investors accusing the billionaire of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.
      Biden has marked the beginning of Pride Month with a tweet denouncing “cruel attacks” on LGBTQ+ rights by Republican legislatures and politicians around the country.
      “Months of distrust” inside Donald Trump’s legal team led to the departure of one of the former president’s top lawyers, and weakens his defense against claims he illegally retained classified documents after leaving office.
      Former vice-president Mike Pence will join the crowded race for the 2024 Republican presidential nomination next week. Trump, his former boss, and Florida governor Ron DeSantis are among those already declared. Chris Christie, the ex-governor of New Jersey, will also announce his run next week, reports say.
      There’s plenty more to come. Please stick with us.Twitter boss Elon Musk is facing a class action lawsuit for insider trading, investors accusing the billionaire of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.According to Reuters, the Manhattan federal court lawsuit filed on Wednesday night says Musk, also chief of SpaceX and Tesla, used Twitter posts, paid online influencers, his 2021 appearance on NBC’s Saturday Night Live and other “publicity stunts” to trade profitably at their expense through several Dogecoin wallets that he or Tesla controls.Investors say this included when Musk sold about $124m of Dogecoin in April after he replaced Twitter’s blue bird logo with Dogecoin’s Shiba Inu dog logo, leading to a 30% jump in Dogecoin’s price. Musk bought Twitter in October.A “deliberate course of carnival barking, market manipulation and insider trading” enabled Musk to defraud investors, promote himself and his companies, the filing said.Reuters said that Alex Spiro, a lawyer for Musk, declined to comment on the action. A lawyer for Tesla did not immediately respond to a request for comment. The investors’ lawyer did not immediately respond to a separate request.Musk was the host of Republican Florida governor Ron DeSantis’s glitchy campaign launch for his party’s 2024 presidential nomination on Twitter Spaces last week.It’s not been a good week for Musk, the world’s second richest man. On Wednesday, it was reported the value of Twitter had plummeted two thirds since he bought the social media platform.Read more: More

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      The debt ceiling fight was never about debt. It was about Republican power | Mark Weisbrot

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      The debt ceiling drama seems to be nearing its end, as the US House of Representatives passed legislation that would lift the debt ceiling in accordance with a deal reached last weekend between Joe Biden, the president, and Kevin McCarthy, the Republican speaker of the House. The Republicans have been fighting to force cuts in spending and/or eligibility for food stamps (Snap), Medicaid, childcare and pre-schools, education and grants for higher education.By linking these and other provisions to the lifting of the debt ceiling, the Republicans tried to use the threat of default on the public debt to force Democrats to accept them. The legislation, which now goes to the Senate where it is expected to pass, did not satisfy most of their desires.The worst abuse that Republicans managed to include will be suffered by the hundreds of thousands of poor people who will likely lose access to food assistance under the Snap program. Many are in poor health and will not be able to complete the work requirements that Republicans have insisted on imposing for people of age 50-54; others will lose benefits due to additional red tape.There was also damage done by the fictitious narrative that Republicans were able to successfully promote about the “ticking time bomb” of the public debt. There is no bomb and if there were, it would not be ticking.The relevant measure of our debt burden is how much we pay annually in net interest on the debt, as a share of our national income (or roughly, GDP). That number was 1.9% for 2022. That is not big, by any comparison. We averaged about 3% in the 1990s, while experiencing America’s then longest-running economic expansion.The constant repetition of the “threat” posed by our national debt was a big win for Republicans, who are always looking to cut spending on social needs and safety nets; and more strategically important, to cut spending that could aid recovery from an economic downturn when Democrats are in power.In the Great Recession (December 2007 to June 2009), Republicans fought against measures to stimulate an economic recovery, which were already too small as proposed by Democrats. By October 2010, unemployment was still at 9.4%. In the election a month later, Republicans gained 63 seats to take the House and six Senate seats.The debt ceiling was used to threaten the Biden administration with a default on the public debt if they did not agree to Republican demands, mostly for spending cuts. The ceiling itself doesn’t affect new spending; it’s just holding up a chunk of the spending that our government is already obligated by law to carry out. In a democracy, this type of extortion should not be permitted.But Republican power isn’t based on democracy; on the contrary, it’s become highly dependent on institutions and practices that most people, including experts, would consider undemocratic or anti-democratic. Republicans benefit enormously from the fact that 80% of senators are elected by about 50% of voters. And if that’s not slanted enough, there is the filibuster, which effectively requires a 60-vote majority to win almost any pro-democracy reforms. This includes changes that are needed even for the Senate as presently constituted: eg representation for Washington DC, which has more population than a couple of states. We are the only democracy in the world where people who live in our national capital city don’t have full voting rights.Then there is voter suppression and gerrymandering, for both state and federal elections. These two methods of influencing election outcomes have gone hand-in-hand. Of course swing states are prime targets: recall that Republican presidents who ruled for 12 of the past 22 years came to power while losing the popular vote.When Republicans win, they then use their power to stack the cards further in their favor. This includes packing the judiciary, where Republican judges advance their agenda.Their decades-long struggle to control the judiciary reached its pinnacle with a 6-3 majority of the US supreme court, with five justices appointed by presidents who lost the popular vote.The current Republican majority now “substitutes a rule by judges for the rule of law”, the dissenting justices wrote when that majority revoked the right to abortion last year.Dozens of senators have described the supreme court as “captured” by “dark money” from Republican donors, including “rightwing billionaires”, and it is currently facing lost credibility as well as accusations of corruption.If the Republicans had gotten all that they had included in their legislation to lift the debt limit, it would have reduced the public debt by less than one half of 1% next year.This makes it even clearer that the debt ceiling fight was never really about debt reduction. It’s part of a vicious cycle in which political power is abused in order to consolidate a system that is increasingly undemocratic; and then further abused. The debt ceiling is just one part of that cycle, and should not have been negotiated; it needs to be abolished.
      Mark Weisbrot is co-director of the Center for Economic and Policy Research in Washington DC and the author of Failed: What the “Experts” Got Wrong About the Global Economy More

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      US debt ceiling bill passes House with broad bipartisan support – video

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      The House debated legislation to increase the US debt limit until January 2025, before passing the bill by a vote of 314 to 117. Republican representatives passed the bill overwhelmingly. Representative Hakeem Jeffries of New York, the Democratic leader, praised Democrats for pushing back against ‘extreme Maga Republicans’ before Kevin McCarthy took to the floor claiming the bill would deliver the ‘largest savings in American history’. The White House tactically avoided pushing back against the line to avoid inflaming the hard right. ‘Tonight, we’re gonna give America hope,’ McCarthy said More

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      Debt ceiling bill clears first House hurdle as 5 June deadline inches closer – live

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      From 3h agoThe House of Representatives has started its debate ahead of the chamber’s final vote on the debt ceiling bill.We will be bringing you all the latest details.Transport secretary Pete Buttigieg has weighed in on the debate surrounding the debt ceiling deal, saying that “no one’s going to get everything they want when you have a negotiation like this.”During an interview with NBC host Chuck Todd on Meet The Press, Todd asked Buttigieg what responsibility he believes Democrats have to pass the bill for president Joe Biden.Buttigieg replied:
      “Obviously, we all would have loved to see a clean bill that separated the budget conversation from the default conversation but also we’re in a moment of divided government where no one side, no one party is going to get everything that they want…
      No one’s going to get everything they want when you have a negotiation like this, but this is one that we believe in that we think is the right way forward that also allows us to move on to the next conversation, putting the terrible and unacceptable specter default behind us.”
      When asked whether Congress and the Biden administration are “mainstreaming” using debt ceiling as a budget negotiation tool, Buttigieg replied:
      “Obviously, we didn’t ask for this situation that some of the more extreme voices in the House GOP put this country into … most reasonable people could agree, the best way to handle the budget negotiations is through the regular order process that the law and the Constitution set out.”
      Donald Trump has promised to strip away birthright US citizenship if he gets elected into office again.In a video posted onto social media yesterday, Trump said if he becomes president, he will sign an executive order that will make sure children of undocumented migrants “will not receive automatic US citizenship.”He added that his order “will “choke off a major incentive for continued illegal immigration, deter more migrants from coming and encourage many of the aliens Joe Biden has unlawfully let into our country to go.”Trump’s reiteration of birthright removal comes 125 years after the supreme court settled the issue.During his first presidential run he condemned the right by inaccurately saying, “We’re the only country in the world where a person comes in and has a baby, and the baby is essentially a citizen of the United States … with all of those benefits. It’s ridiculous. It’s ridiculous. And it has to end,” as over 30 countries currently offer birthright citizenship.Martin Pengelly has more:The House is now in recess subject to the call of the chair.The House will reconvene again at 7:15pm for one hour of debate that will be evenly divided between Republicans and Democrats before voting on the bill.The special counsel investigating former president Donald Trump’s attempt to overturn the 2020 presidential election results is looking into Trump’s firing of a cybersecurity official whose office called the election “the most secure in American history,” according to the New York Times.Reuters reports:The US special counsel investigating Donald Trump’s attempt to overturn his 2020 election defeat is examining his firing of a cybersecurity official whose office said the vote was secure, the New York Times said.Jack Smith, who is also investigating Trump’s handling of classified documents, has subpoenaed former Trump White House staffers as well as Christopher Krebs, who oversaw the Cybersecurity and Infrastructure Security Agency (Cisa) under Trump, the Times said, citing unnamed sources.Trump fired Krebs in November 2020, days after Cisa issued a statement calling the 3 November election “the most secure in American history”, as the then-president made his unsupported accusations that the vote was rigged.Cisa, part of the Department of Homeland Security, works to protect US elections. Krebs told associates at the time he expected to be fired.Representatives for Smith declined to comment on the Times report. Representatives for Krebs and Trump could not be reached for comment.For more, click here:The debt ceiling bill has passed the first procedural hurdle in the House, with 52 Democrats bailing out the Republican lawmakers.In addition to 52 Democrats voting yes for the rule governing debate in the chamber, 189 Republicans voted yes. Voting no were 158 Democrats and 29 Republicans.One more hour of debate is left before the final voting round commences later tonight.Donald Trump was captured on tape acknowledging that he kept a classified Pentagon document regarding a potential attack on Iran, CNN reports.According to report, federal prosecutors obtained the recording which was made during a meeting in summer 2021 at Trump’s golf club in Bedminster, New Jersey.Sources familiar with the matter told CNN that Trump made comments that suggested that he would like to share the information but that he was aware of his post-presidency limitations surrounding classified records.The report also cited sources saying that the meeting attendees did not have security clearance. Attendees included two people working on the autobiography of Mark Meadows, Trump’s former chief of staff, in addition to former Trump aides including communications specialist Margo Martin.According to sources, the recording is an “important” piece of evidence in a potential case against Trump over his handling over classified documents following his presidency.Senate minority leader Mitch McConnell echoed similar sentiments alongside Senate majority leader Chuck Schumer, saying that he will support the debt ceiling bill once it reaches the Senate chamber.“House Republicans’ unity gave them the upper hand, they used it to secure a much needed step in the right direction. When this agreement reaches the Senate, I’ll be proud to support it without delay,” said McConnell.Texas governor Greg Abbott has declared John Scott as the state’s temporary attorney general following the state House’s vote to impeach Republican attorney general Ken Paxton.The decision to impeach Paxton comes as a result of years of allegations including corruption, bribery, unfitness for office and abuse of public trust.According to the Texas Tribune, investigators testified at the state House general investigating committee, saying that they believed Paxton wrongly used official funds and abused his authority to assist a friend and financial backer.In response to the impeachment, Paxton said it was an attempt to “overthrow the will of the people and disenfranchise the voters of our state” and that the charges are based on “hearsay and gossip, parroting long-disproven claims,” the Associated Press reports.Meanwhile, Abbott, who has largely been silent during the whole ordeal, said in a statement, “John Scott has the background and experience needed to step in as a short-term interim Attorney General during the time the Attorney General has been suspended from duty,” the Associated Press added.New York Republican representative Marcus Molinaro hailed the tentative bill, calling it “an agreement [that] will move this nation forward.”
      “The Fiscal Responsibility Act takes important action, not at all to punish our most vulnerable. In fact, it takes real steps to ensure those most vulnerable among us are protected and served and have access to the support that they deserve, and by the way, find their way to work.
      This bill hold states like New York and others accountable for waving restrictions, expanding access, not to help the most vulnerable, but to bloat and to grow and to increase state government. Because of action states have taken, the most vulnerable are left to fend for themselves…
      States like New York increased their infrastructure, their government and leveraged federal taxpayer dollars, not to benefit those who need the help the most but to benefit state government. And this bill starts a very important step of holding states accountable…
      We have an opportunity here to make a measurable difference in the lives of those who struggle the most. And this is an effort to ensure that that happens.”
      Texas Republican representative Chip Roy lashed out against Democrats over the tentative bill during the House debate, saying:
      “I don’t wanna hear a whole hell of a lot about what we’re doing to devastate American families with rampant inflation, because we keep spending money we don’t have.
      To my colleagues on this side of the aisle, my beef isn’t that I don’t understand the struggle with the negotiators against that kind of reasoning. My beef is that you cut a deal that shouldn’t have been cut…”
      The House of Representatives has started its debate ahead of the chamber’s final vote on the debt ceiling bill.We will be bringing you all the latest details. More