Tuesday 26th of November 2024
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not going on a fat-shaming diet yet......

WASHINGTON, May 25 (Reuters) - U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Thursday appeared to be nearing a deal to cut spending and raise the government's $31.4 trillion debt ceiling, with little time to spare to head off the risk of default.

 

The deal would specify the total amount the government could spend on discretionary programs like housing and education, according to a person familiar with the talks, but not break that down into individual categories. The two sides are just $70 billion apart on a total figure that would be well over $1 trillion, according to another source.

The two sides met virtually on Thursday, the White House said.

Republican negotiators have backed off plans to increase military spending while cutting non-defense spending and instead backed a White House push to treat both budget items more equally, a source familiar with the talk told Reuters.

Biden said they still disagreed over where the cuts should fall.

"I don't believe the whole burden should fall back to middle class and working-class Americans," he told reporters.

House Speaker McCarthy told reporters Thursday evening that the two sides have not reached a deal. "We knew this would not be easy," he said.

It is unclear precisely how much time Congress has left to act. The Treasury Department was warned that it could be unable to cover all its obligations as soon as June 1, but on Thursday said it would sell $119 billion worth of debt that will come due on that date, suggesting to some market watchers that it was not an iron-clad deadline.

"They have suggested in the past that they would not announce auctions that they did not believe they had the means to settle," Gennadiy Goldberg, senior rates strategist at TD Securities in New York. "So I do think that's a positive note."

Any agreement will have to pass the Republican-controlled House of Representatives and the Democratic-controlled Senate. That could be tricky, as some right-wing Republicans and many liberal Democrats said they were upset by the prospect of compromise.

 

READ MORE:

https://www.reuters.com/markets/us/white-house-republicans-seek-close-us-debt-ceiling-deal-deadline-nears-2023-05-25/

 

healthy teleprompters.....

 

https://www.youtube.com/watch?v=eng-XDMNfHQ

 

While hosting the LSU Tigers Women's Basketball Team at the White House, a medical emergency interrupted President Biden's speech.

ONE WOULD HAVE HOPED FOR THE TWO TELEPROMPTERS OF THE PRESIDENTUR TO HAVE A MEDICAL MALFUNCTION.... BUT NO, A YOUNG SOMEONE IN THE TEAM FAINTED OR SUCH.... THE TELEPROMPTERS ARE IN GOOD HEALTH, UNLIKE THE REMOTE CONTROL PRESIDENTE WHO, with a strict command to look right and left to his tele-companions, COULD SUDDENLY DEVIATE FROM THE TIGHT SCRIPT AND START SMELLING THE HAIR OF ONE OF THE KIDS OR MENTION THE "LOVELY LEGS" AS HE HAS DONE BEFORE...

MEANWHILE, SOMEONE WROTE AN ARTICLE EXPLAINING HOW THE USA COULD USE DEFAULTING ON ITS "FINANCIAL OBLIGATIONS" AS A WEAPON AGAINST OTHER COUNTRIES, BY TAKING THEM TOGETHER IN A DEATH SPIRAL....

 

FREE JULIAN ASSANGE NOW.

 

 

 

https://www.youtube.com/watch?v=OtB1AL-X6ks

not rocket science.....

https://www.youtube.com/watch?v=LUgLdKEpxzc

Richard Wolff Slams Democrats & Republicans On Debt Ceiling

 

READ FROM TOP.

 

FREE JULIAN ASSANGE NOW.

paying with IOUs.....

Senior Russian lawmaker Vyacheslav Volodin has branded US federal government debt a global pyramid scheme that is heading for an inevitable collapse. The comments come as Washington struggles to agree on raising its debt ceiling to avoid a default.

“Just think about it, in 2023 interest payments on the US debt could reach $1.5 trillion – almost a third of all US budget revenue!” Volodin, who serves as chairman of Russia’s lower house of parliament, said in a Telegram post on Friday.

“The US public debt is a global financial pyramid, built by Washington to defraud other nations,” the State Duma member wrote. “History has shown that all pyramid schemes eventually fail,” he added, warning that the dollar is becoming toxic.

Countries dependent on the US dollar should start looking for alternatives such as national currencies, to reduce risks for their citizens, Volodin concluded.

The US government faces a default on its $31 trillion in debt if lawmakers fail to raise the federal borrowing limit. US Treasury Secretary Janet Yellen warned Congress earlier this week that bills can’t be paid if the debt ceiling is not raised by June 1.

Reuters reported on Thursday that President Joe Biden and top Republican lawmaker Kevin McCarthy were edging close to a deal on the debt ceiling but have yet to agree on cuts to discretionary spending, which powers a wide range of military and domestic programs.

Russia started settling trade deals with its partners in national currencies after the US effectively cut it off from dollar-denominated trade as part of sanctions arising from Moscow’s military operation in Ukraine.

Russian Prime Minister Mikhail Mishustin said on Wednesday that the ruble and the yuan are now dominating trade between Russia and China, and are used in 70% of mutual payments.

 

READ MORE:

https://www.rt.com/business/576943-us-debt-pyramid-scheme-collapse/

 

BERNIE MADOFF IS DEAD.... IN A COUPLE OF CARTOONS BY GUS ON THIS SITE, A WAY BACK, WHEN BERNIE WAS IN PRISON, WE HAD OBAMA AND HIS TREASURER AT THE TIME ASKING BERNIE HOW TO MAKE THIS AMERICAN ECONOMY PONZI SCHEME WORK.... HERE IS ONE WHEN HE DIED:

 

 

READ FROM TOP, ESPECIALLY: https://www.youtube.com/watch?v=LUgLdKEpxzc

 

FREE JULIAN ASSANGE NOW.