Seven Lessons Democrats Need to Learn — Fast

Retooling the party for an age of disorder.

#biden-joseph-r-jr, #crime-and-criminals, #democratic-party, #education-k-12, #hispanic-americans, #immigration-and-emigration, #inflation-economics, #national-debt-us, #race-and-ethnicity, #republican-party, #united-states, #united-states-economy, #united-states-politics-and-government

Somehow, Trump Is a Tough Act to Follow

“How do you solve a problem like the Donald?”

#biden-joseph-r-jr, #bruni-frank, #coronavirus-2019-ncov, #democratic-party, #national-debt-us, #quarantines, #republican-party, #senate-committee-on-the-judiciary, #supreme-court-us, #trump-donald-j, #united-states-politics-and-government

Can We Tame Inflation While Investing in the Future?

Lessons from 2010’s debates for 2022.

#economics-theory-and-philosophy, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #national-debt-us, #recession-and-depression, #united-states-economy

Donald Trump and the Peril to Democracy

Readers discuss new evidence about efforts to overturn the election and Donald Trump’s comments at a rally. Also: The national debt; writing by hand.

#biden-joseph-r-jr, #demonstrations-protests-and-riots, #giuliani-rudolph-w, #handwriting, #national-debt-us, #presidential-election-of-2020, #storming-of-the-us-capitol-jan-2021, #trump-donald-j, #united-states-politics-and-government

U.S. National Debt Tops $30 Trillion as Borrowing Surged Amid Pandemic

The record red ink, fueled by spending to combat the coronavirus, comes as interest rates are expected to rise, which could add to America’s costs.

#biden-joseph-r-jr, #congressional-budget-office, #coronavirus-2019-ncov, #federal-budget-us, #inflation-economics, #national-debt-us, #united-states-economy, #united-states-politics-and-government

Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds

Treasury rates remain strikingly low, partly because of the safety government debt offers corporations and retirees. Whether that endures is crucial to federal spending.

#credit-and-debt, #federal-budget-us, #federal-reserve-system, #government-bonds, #inflation-economics, #interest-rates, #national-debt-us, #prices-fares-fees-and-rates, #stocks-and-bonds, #treasury-department, #united-states-economy

How Much Should You Fret About Rising Federal Debt?

The federal government is borrowing cheaply, but its debt could reach a tipping point.

#credit-and-debt, #federal-budget-us, #government-bonds, #interest-rates, #internal-sub-only-nl, #national-debt-us

Joe Manchin Just Did Democrats a Favor on Build Back Better

The Democrats have to stop playing games with expiration dates and do fewer things better. Thanks to Manchin, maybe they finally will.

#american-families-plan-2021, #biden-joseph-r-jr, #democratic-party, #manchin-joe-iii, #national-debt-us, #united-states-economy, #united-states-politics-and-government

How Do We Avoid the Next Debt Limit Debacle?

Congress must ensure the issue cannot be used as a tool of partisan politics.

#national-debt-us, #united-states-economy, #united-states-politics-and-government

What We Lose if We Don’t Build Back Better

Manchin’s justifications for his betrayal won’t wash.

#american-families-plan-2021, #congressional-budget-office, #federal-budget-us, #inflation-economics, #manchin-joe-iii, #national-debt-us

Democrats Set Debt Limit Increase at $2.5 Trillion Ahead of Senate Vote

The figure would allow the government to continue borrowing to finance its obligations without further action by Congress until after the 2022 midterm elections.

#house-of-representatives, #national-debt-us, #schumer-charles-e, #senate, #united-states-politics-and-government

Debt Limit Split Shows Pragmatic Republicans Are Dwindling

Fearing backlash from the right, most in the party dug in against a bipartisan deal needed to stave off a federal default.

#biden-joseph-r-jr, #filibusters-and-debate-curbs, #law-and-legislation, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #united-states-politics-and-government

Senate Clears Last Hurdle to Raising Debt Ceiling

Fourteen Republicans joined Democrats in voting to take up legislation that would pave the way for Congress to raise the debt ceiling by a simple majority vote, skirting a filibuster.

#biden-joseph-r-jr, #democratic-party, #law-and-legislation, #mcconnell-mitch, #medicare, #national-debt-us, #republican-party, #schumer-charles-e, #senate, #united-states-politics-and-government

Congressional Leaders Reach Deal to Allow Debt Ceiling Increase

The legislation would provide a one-time pathway for the Senate to raise the debt ceiling on a simple majority vote, skirting Republican obstruction.

#democratic-party, #house-of-representatives, #law-and-legislation, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #united-states-politics-and-government

Debt Ceiling Window is Narrowing, Bipartisan Policy Center Warns

The U.S. could default as soon as Dec. 21 if Democrats and Republicans fail to extend the Treasury Department’s borrowing authority.

#bipartisan-policy-center, #congressional-budget-office, #house-of-representatives, #national-debt-us, #senate, #united-states-politics-and-government, #yellen-janet-l

The Debt Ceiling and More: Congress Has a Pre-Break To-Do List

Governing by brinkmanship means missing lots of vacations.

#democratic-party, #house-of-representatives, #law-and-legislation, #national-debt-us, #republican-party, #schumer-charles-e, #senate, #shutdowns-institutional, #united-states-politics-and-government

How the G.O.P. Became Saboteurs, Threatening a Government Shutdown

Republican obstructionism is getting even more naked. 

#coronavirus-2019-ncov, #national-debt-us, #republican-party, #shutdowns-institutional, #united-states-politics-and-government, #vaccination-and-immunization

House Narrowly Passes Biden’s Social Safety Net and Climate Bill

The vote was months in the making for the roughly $2 trillion measure, one of the most consequential bills in decades. Now it faces a difficult path in the Senate.

#american-families-plan-2021, #biden-joseph-r-jr, #child-care, #congressional-budget-office, #corporate-taxes, #democratic-party, #federal-taxes-us, #health-insurance-and-managed-care, #house-of-representatives, #immigration-and-emigration, #law-and-legislation, #mccarthy-kevin-1965, #medicare, #national-debt-us, #pelosi-nancy, #tax-credits-deductions-and-exemptions, #united-states-economy, #united-states-politics-and-government

How Not to Let Corporations Kill Biden’s Agenda

Profit taxes should be increased, but it’s OK to borrow if they aren’t.

#corporate-taxes, #federal-budget-us, #federal-taxes-us, #lobbying-and-lobbyists, #national-debt-us, #sinema-kyrsten, #tax-cuts-and-jobs-act-2017, #united-states-politics-and-government

Stocks Hit a Record as Investors See Progress Toward a Spending Deal

After weeks of fluctuations driven in part by Washington gridlock, share prices hit another high and put a dismal September in the rearview mirror.

#banking-and-financial-institutions, #biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #house-of-representatives, #mcconnell-mitch, #national-debt-us, #senate, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states, #united-states-economy, #united-states-politics-and-government

House Approves Bill to Avert U.S. Default, Sending It to Biden

The legislation, which the president is expected to sign quickly, lifts the debt ceiling until early December, when another congressional showdown looms.

#democratic-party, #law-and-legislation, #national-debt-us, #republican-party, #shutdowns-institutional, #united-states-politics-and-government

Stop the Debt Ceiling Nonsense

In the fight over the debt ceiling, both political parties are behaving badly, albeit in very different ways.

#democratic-party, #national-debt-us, #republican-party, #united-states-politics-and-government

Wonking Out: Coins and Credibility

Biden should do whatever it takes to avoid default.

#economics-theory-and-philosophy, #federal-budget-us, #federal-reserve-system, #inflation-economics, #internal-sub-only, #national-debt-us, #treasury-department, #united-states-economy

Lurching From Crisis to Crisis, Congress Is Addicted to Cliffs

Lawmakers almost never act until they absolutely must — and even then, they usually punt.

#blunt-roy-d, #democratic-party, #filibusters-and-debate-curbs, #house-of-representatives, #infrastructure-public-works, #manchin-joe-iii, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #shutdowns-institutional, #sinema-kyrsten, #trump-donald-j, #united-states-politics-and-government, #van-hollen-christopher-jr, #wyden-ron

The Debt Ceiling Crisis Doesn’t Have to Keep Happening

Congress appears to have averted economic disaster for now, but only by punting it to early December.

#biden-joseph-r-jr, #debatable, #mcconnell-mitch, #national-debt-us, #treasury-department, #yellen-janet-l

Senate Leaders Agree to Vote on Short-Term Debt Ceiling Increase

The agreement avoids catastrophic consequences of a default by the federal government, but runs only through early December.

#democratic-party, #mcconnell-mitch, #national-debt-us, #republican-party, #schumer-charles-e, #senate, #united-states-politics-and-government

Biden Can End Debt-Ceiling Sabotage Once and for All

The 14th Amendment offers a way out.

#biden-joseph-r-jr, #clinton-bill, #constitution-us, #democratic-party, #federal-budget-us, #fourteenth-amendment-us-constitution, #mcconnell-mitch, #national-debt-us, #presidents-and-presidency-us, #republican-party, #senate, #trump-donald-j, #united-states, #united-states-politics-and-government

Mitch’s Mini-Moment

The triumph of being less awful than usual.

#biden-joseph-r-jr, #democratic-party, #house-of-representatives, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #united-states-politics-and-government

Finance Executives Say Risk of Default Is Already Damaging the Economy

Shortly after the C.E.O.s met with President Biden, Senator Mitch McConnell said he would allow Democrats to raise the debt ceiling enough to push a potential default to December.

#biden-joseph-r-jr, #citigroup-inc, #democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #fraser-jane-1967, #friedman-adena-t, #goldman-sachs-group-inc, #mcconnell-mitch, #nasdaq-omx-group-inc, #national-debt-us, #republican-party, #senate, #treasury-department, #united-states-politics-and-government

What a Trillion-Dollar Coin Can Teach Us

It may be a gimmick, but it raises profound issues about the nature of money.

#currency, #economics-theory-and-philosophy, #internal-sub-only, #national-debt-us, #treasury-department, #yellen-janet-l

Senate Republicans Offer to Allow Debt Ceiling Increase Until December

The proposal offered a way out of the short-term fiscal crisis, and a means for Republicans to defuse criticism that they were acting recklessly, but only put off the threat of a default.

#democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #law-and-legislation, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #united-states-politics-and-government

Republicans Again Block Debt Ceiling Increase

The proposal offered a way out of the short-term fiscal crisis, and a means for Republicans to defuse criticism that they were acting recklessly, but only put off the threat of a default.

#democratic-party, #filibusters-and-debate-curbs, #national-debt-us, #republican-party, #senate, #united-states-politics-and-government

What the Debt Ceiling Means for Social Security and More

The Treasury secretary says the government will run out of money to spend if Congress doesn’t raise the debt ceiling. Here’s what that could mean for programs that help millions of Americans.

#federal-budget-us, #government-bonds, #national-debt-us, #social-security-us, #social-security-administration, #treasury-department, #united-states-economy, #zandi-mark

As Debt Ceiling Vote Looms, Democrats Reconsider Filibuster

Top Democrats say the Republican refusal to allow a vote to avert a federal default is the most powerful argument yet for weakening the Senate’s signature procedural weapon.

#biden-joseph-r-jr, #filibusters-and-debate-curbs, #manchin-joe-iii, #mcconnell-mitch, #national-debt-us, #senate, #sinema-kyrsten, #united-states-politics-and-government

Biden Calls Curbing Filibuster to Raise Debt Limit ‘a Real Possibility’

Senate Democrats discussed carving out an exception to the 60-vote requirement as they explore ways to overcome Republican opposition.

#biden-joseph-r-jr, #democratic-party, #filibusters-and-debate-curbs, #law-and-legislation, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #united-states-politics-and-government

As the U.S. Hurtles Toward a Debt Crisis, What Does McConnell Want?

Senator Mitch McConnell, the Republican leader, has a long record of tying debt ceiling increases to policy demands. But with a catastrophic default two weeks away, he has yet to make any.

#biden-joseph-r-jr, #democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #united-states-economy, #united-states-politics-and-government

What Does Mitch McConnell Want in the Debt Ceiling Discussions?

Senator Mitch McConnell, the Republican leader, has a long record of tying debt ceiling increases to policy demands. But with a catastrophic default two weeks away, he has yet to make any.

#biden-joseph-r-jr, #democratic-party, #federal-budget-us, #filibusters-and-debate-curbs, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #united-states-economy, #united-states-politics-and-government

Biden Calls Republicans ‘Reckless’ Over the Debt Limit Increase

The president warned Republicans “not to use procedural tricks to block us from doing the job.”

#biden-joseph-r-jr, #federal-budget-us, #filibusters-and-debate-curbs, #manchin-joe-iii, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #sinema-kyrsten, #treasury-department, #united-states-economy, #united-states-politics-and-government

On Concerns About Debt, and Disregard for Climate and Child Poverty

Why don’t those who used to obsess over debt seem to care about the future?

#budget-deficits, #children-and-childhood, #federal-budget-us, #global-warming, #medicare, #national-debt-us, #poverty, #social-security-us, #united-states-politics-and-government

Biden says Republicans are being ‘reckless’ over the debt limit increase.

Mr. Biden warned Republicans “not to use procedural tricks to block us from doing the job.”

#biden-joseph-r-jr, #federal-budget-us, #filibusters-and-debate-curbs, #manchin-joe-iii, #mcconnell-mitch, #national-debt-us, #republican-party, #senate, #sinema-kyrsten, #treasury-department, #united-states-economy, #united-states-politics-and-government

What’s a Little Disagreement Among Factions?

Everything is going just the way Biden dreamed it up. 

#american-jobs-plan-2021, #border-barriers, #deferred-action-for-childhood-arrivals, #dream-act-development-relief-and-education-for-minors-act, #illegal-immigration, #immigration-and-emigration, #national-debt-us, #united-states-politics-and-government

Democrats Move to Avert Fiscal Crisis, Separating Debt and Spending Bills

The House was set to move on Wednesday on a bill to increase the debt limit, while the Senate prepared a separate spending bill to keep the government funded past a Thursday deadline.

#biden-joseph-r-jr, #democratic-party, #federal-budget-us, #house-of-representatives, #national-debt-us, #republican-party, #senate, #united-states-politics-and-government

How the Debt Ceiling Came to Be a Political Cudgel

The current fight over raising the debt limit is proving to be another lesson in American political dysfunction.

#biden-joseph-r-jr, #democratic-party, #law-and-legislation, #mcconnell-mitch, #national-debt-us, #republican-party, #united-states-politics-and-government

Manchin and Sinema Should Just Say No to Big Spending Plans

Don’t let the Democrats spend themselves into oblivion.

#biden-joseph-r-jr, #democratic-party, #federal-budget-us, #inflation-economics, #infrastructure-public-works, #national-debt-us, #politics-and-government, #senate, #united-states-politics-and-government

The Republican Senate Spending Bill Vote Was Sabotage

Republicans have learned that sabotage works.

#filibusters-and-debate-curbs, #government-shutdown, #internal-sub-only, #mcconnell-mitch, #national-debt-us, #senate

Janet Yellen and Jerome Powell warn that the Delta variant is slowing the recovery.

The Treasury secretary and the Federal Reserve chair prepared remarks ahead of their testimony today to the Senate Banking Committee.

#banking-and-financial-institutions, #federal-reserve-system, #national-debt-us, #powell-jerome-h, #senate-committee-on-banking, #treasury-department, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

Four Jagged Puzzle Pieces and a Few Weeks for Democrats to Assemble Them

The party must keep the government funded, stave off a default, push a $1 trillion infrastructure bill to President Biden and secure the votes for a defining climate change and social policy bill.

#american-families-plan-2021, #american-jobs-plan-2021, #biden-joseph-r-jr, #democratic-party, #federal-budget-us, #house-of-representatives, #infrastructure-public-works, #manchin-joe-iii, #mcconnell-mitch, #national-debt-us, #pelosi-nancy, #senate, #sinema-kyrsten, #united-states-politics-and-government

Republicans Block Government Funding, Refusing to Lift Debt Limit

Senate Republicans opposed legislation to avert a government shutdown and prevent a debt default at a critical moment for Democrats’ domestic agenda.

#democratic-party, #federal-budget-us, #law-and-legislation, #national-debt-us, #republican-party, #senate, #united-states-economy, #united-states-politics-and-government

The U.S. Debt Ceiling: Everything You Need to Know

Political polarization turned a tool for fiscal responsibility into a recipe for economic calamity.

#constitutional-amendments, #federal-budget-us, #house-of-representatives, #national-debt-us, #senate, #treasury-department, #united-states-economy, #united-states-politics-and-government

Democrats Face a Reckoning With Themselves

The party’s agenda depends on last-minute compromise.

#american-jobs-plan-2021, #biden-joseph-r-jr, #democratic-party, #law-and-legislation, #national-debt-us, #shutdowns-institutional, #united-states-politics-and-government