US Debt

Opinion

Opinion: Some Straight Talk About the Debt Crises – Inside Sources

Congress has passed the Inflation Reduction Act. President Biden says this is a success story, in part because it will reduce the deficit by $305 billion over the next decade. IRA mainly reduces the deficit by raising taxes and regulating drug prices; the act increases federal spending and subsidies by nearly half a trillion dollars

Economy

Biden tells GOP to ‘get out of the way’ on debt limit

President Joe Biden on Monday urged Republican senators to “get out of the way” and let Democrats suspend the nation’s debt limit, hoping to keep the U.S. government from bumping dangerously close to a credit default as Senate Republican Leader Mitch McConnell refuses to lend his party’s help. Biden’s criticism came with Congress facing an

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