deficit spending

Senate Republicans Block Government Funding, Debt Ceiling Bill

Senate Republicans blocked a government spending and debt ceiling bill Monday, setting up a dramatic showdown between Republicans and Democrats on whether Congress should raise the debt ceiling while Democrats plan to spend trillions on infrastructure and social spending. 

WASHINGTON, DC - SEPTEMBER 13: (L-R) Senate Majority Leader Chuck Schumer (D-NY) points at Senate Minority Leader Mitch McConnell as they arrive for a remembrance ceremony marking the 20th anniversary of the 9/11 terror attacks on the steps of the U.S. Capitol, on September 13, 2021 in Washington, DC. The …

Speaker-in-Waiting Paul Ryan Abandons Opposition to Big-Spending Budget Deal

Paul Ryan’s previous criticism of the deal to his Republican colleagues was quite pointed, including a declaration that the process “stinks.” But now he expresses optimism that the deal will include “meaningful reforms to strengthen our safety net programs, including significant changes to bolster Social Security,” and fund the military, as well as providing an opportunity to “return to regular order in our budget process.” His evaluation has been upgraded from stinky to “some good, some bad, and some ugly.”

Rep. Paul Ryan (R-WI) (L) leaves with Rep. Luke Messer (R-IN) after a House Republican Conference meeting October 21, 2015 at the Capitol in Washington, DC. Rep. Ryan said he is open to running for Speaker of the House if the GOP will unify behind him.