News Article: Treasury secretary says US to hit debt limit on Jan. 19

[92tide]

Not so much beat Biden as he beat the far-right wing of his own party. And that could be critical if Biden get's re-elected.

to be fair, that's not much more of an accomplishment than taking candy from a baby

 

[jthomas666]

to be fair, that's not much more of an accomplishment than taking candy from a baby

Given the stick he handed them when they elected him, it's bigger than you might think. Of course, it does look like there was some quid pro quo:

Speaker Kevin McCarthy is reportedly giving January 6 security footage to conspiracy theorist Julie Kelly

www.mediamatters.org

I'm sure that won't be a problem. <#allthefacepalms>

 

[92tide]

https://twitter.com/i/web/status/1663866904161689600

"The drama captured what has happened to the Republican party: it uses populist scaremongering to protect its plutocratic donors. I would love to give a more nuanced take of Republican motives but that would be sophistry." My column.

 

[92tide]

quite a win for speaker mcarthy

Senate averts default, sends debt bill to Biden’s desk

The vote caps off months of melodrama.

www.politico.com

 

[92tide]

fwiw

NEWS: Sanders, Grassley and Colleagues Make Bipartisan Push to Audit the Pentagon and End Wasteful Spending » Senator Bernie Sanders

Last year, the DOD failed its fifth audit and was unable to account for over half of its assets, which are in excess of $3.1 trillion, or roughly 78 percent of the entire federal government. WASHINGTON, June 21 – As the recent debt ceiling deal increased military spending to $886 billion for...

www.sanders.senate.gov

WASHINGTON, June 21 – As the recent debt ceiling deal increased military spending to $886 billion for fiscal year 2024, Sens. Bernie Sanders (I-Vt.) and Chuck Grassley (R-Iowa), along with Sens. Ron Wyden (D-Ore.), Mike Lee (R-Utah), Elizabeth Warren (D-Mass.), Mike Braun (R-Ind.), Jeff Merkley (D-Ore.), Rand Paul (R-Ky.), Ed Markey (D-Mass.), and Tammy Baldwin (D-Wis.), today introduced legislation that would require the Department of Defense (DOD) to finally pass a full, independent audit in fiscal year 2024. If enacted, the Audit the Pentagon Act of 2023 would require any DOD component that fails to complete a clean audit opinion to return 1 percent of its budget to the Treasury for deficit reduction.

 

[Go Bama]

fwiw

NEWS: Sanders, Grassley and Colleagues Make Bipartisan Push to Audit the Pentagon and End Wasteful Spending » Senator Bernie Sanders

Last year, the DOD failed its fifth audit and was unable to account for over half of its assets, which are in excess of $3.1 trillion, or roughly 78 percent of the entire federal government. WASHINGTON, June 21 – As the recent debt ceiling deal increased military spending to $886 billion for...

www.sanders.senate.gov

WASHINGTON, June 21 – As the recent debt ceiling deal increased military spending to $886 billion for fiscal year 2024, Sens. Bernie Sanders (I-Vt.) and Chuck Grassley (R-Iowa), along with Sens. Ron Wyden (D-Ore.), Mike Lee (R-Utah), Elizabeth Warren (D-Mass.), Mike Braun (R-Ind.), Jeff Merkley (D-Ore.), Rand Paul (R-Ky.), Ed Markey (D-Mass.), and Tammy Baldwin (D-Wis.), today introduced legislation that would require the Department of Defense (DOD) to finally pass a full, independent audit in fiscal year 2024. If enacted, the Audit the Pentagon Act of 2023 would require any DOD component that fails to complete a clean audit opinion to return 1 percent of its budget to the Treasury for deficit reduction.

Unusual to see Bernie Sanders and Elizabeth Warren introducing legislation with Rand Paul.

 

[mdb-tpet]

Unusual to see Bernie Sanders and Elizabeth Warren introducing legislation with Rand Paul.

Politics makes strange bedfellows, and when you see inter-party bills, it at least means some piece of our democracy is working.

 

[CrimsonJazz]

Politics makes strange bedfellows, and when you see inter-party bills, it at least means some piece of our democracy is working.

Let's see if it passes, first. If it does, I might be able to concede this point.

 

[AWRTR]

Unusual to see Bernie Sanders and Elizabeth Warren introducing legislation with Rand Paul.

Some things are so ridiculous socialists and libertarians both think it’s too far. That should tell how awful it is.

 

[Go Bama]

Some things are so ridiculous socialists and libertarians both think it’s too far. That should tell how awful it is.

The military is getting $886 billion and you don't want an audit?

What's shocking is that Rand Paul would support it.

 

[AWRTR]

The military is getting $886 billion and you don't want an audit?

What's shocking is that Rand Paul would support it.

You misunderstood my post. The lack of an audit is so ridiculous socialists and libertarians agree that the DOD should be forced to do
It.

 

[CrimsonJazz]

The military is getting $886 billion and you don't want an audit?

What's shocking is that Rand Paul would support it.

I think he's referring to the absurdity that something like this hasn't happened yet. Rand Paul has been screaming for audits for a long time. He's actually first in line with this stuff. Sanders doesn't surprise me. Warren absolutely does.

EDIT: AWRTR clarified just as I posted.