President Joe Biden on Jan. 31 announced nearly $1.2 billion in mega grants for a series of infrastructure projects, including $292 million to build a new rail tunnel beneath the Hudson River between New York and New Jersey, which comes amid a government borrowing limit standoff with Republicans who are pushing for spending curbs. The […]
Dozens of House Democrats are pushing for the elimination of the U.S. debt ceiling. They are calling for unlimited borrowing so the government can spend whatever it needs. A former FBI official was arrested and indicted for ties to Russia. He played a lead role in investigating the now-discredited collusion between former President Donald Trump’s 2016 […]
The U.S. national debt is now over $31 trillion, as the federal government hit the debt limit last week. NTD spoke with Jonathan Williams, chief economist and executive vice president of policy at ALEC, to discuss government fiscal discipline and the overall state of the economy.
The U.S. federal government’s credit card continues to max out as they apply for yet another increase to the spending limit. Some say the damage has already been done. NTD spoke to Paige Agostin, policy director at the Center for Renewing America, to discuss whether there are solutions to get America’s spending back in order […]
President Joe Biden’s approval rating dropped to near its lowest level as the White House reveals how the latest documents scandal could affect his 2024 decision. The United States maxed out on its debt Thursday. The Biden administration is putting pressure on Congress to raise the limit again. As former President Donald Trump moves forward […]
The United States has officially reached its statutory debt limit (pdf) of $31.381 trillion on Jan. 19 as was predicted by Treasury Secretary Janet Yellen in a letter to Congress (pdf) on Jan. 13. The Treasury Department will now have to implement extraordinary measures to prevent default on the national debt. In her letter, Yellen explained that […]
Republicans, who are now in control of the House, want federal spending cuts as the condition for an increase in the debt ceiling. President Joe Biden and congressional Democrats want the debt limit to be raised without conditions. NTD spoke to John Tamny, vice president of FreedomWorks and a senior fellow at the Market Institute, […]
Treasury Security Janet Yellen warned the United States is projected to hit its $31.4 trillion debt borrowing limit by next week, according to a letter she sent to congressional leaders on Friday. In a letter (pdf) to House Speaker Kevin McCarthy (R-Calif.), Yellen wrote that according to projections, the country will hit the debt ceiling […]
A federal appeals court has rejected the Biden administration’s bid to freeze a Texas judge’s ruling that President Joe Biden’s plan to cancel student loan debt was illegal. In a Nov. 30 ruling, the New Orleans-based 5th U.S. Circuit Court of Appeals denied the Biden administration’s request to put on hold a judge’s Nov. 10 […]
Indonesia is working with China—on Indonesia’s first high speed railway—through Beijing’s Belt and Road infrastructure initiative. The near 90-mile railway line comes with a high price tag: $8 billion and more than half of it is funded by a Chinese loan. Indonesia is now more than $22 billion in debt to China. One local media […]
