😂😂😂😂 GOP dump him never! You could show them pictures of him fondling young boys/girls and they still would stand by him, he’s just a step below Trumpolinni as far as bullshit artists are concerned..
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
US Treasury buys time for Biden and GOP on debt limit deal
By JOSH BOAK
Today
WASHINGTON (AP) — The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.
The Treasury Department said in a letter to congressional leaders it had started taking “extraordinary measures” as the government had run up against its legal borrowing capacity of $31.381 trillion. An artificially imposed cap, the debt ceiling has been increased roughly 80 times since the 1960s.
“I respectfully urge Congress to act promptly to protect the full faith and credit of the United States,” Treasury Secretary Janet Yellen wrote in the letter.
Markets so far remain relatively calm, given that the government can temporarily rely on accounting tweaks to stay open and any threats to the economy would be several months away. Even many worried analysts assume there will be a deal.
But this particular moment seems more fraught than past brushes with the debt limit because of the broad differences between Biden and new House Speaker Kevin McCarthy, who presides over a restive Republican caucus.
Those differences increase the risk that the government could default on its obligations for political reasons. That could rattle financial markets and plunge the world's largest economy into a preventable recession.
Biden and McCarthy, R-Calif., have several months to reach agreement as the Treasury Department imposes measures to keep the government operating until at least June. But years of intensifying partisan hostility have led to a conflicting set of demands that jeopardize the ability of the lawmakers to work together on a basic duty.
Biden insists on a “clean” increase to the debt limit so that existing financial commitments can be sustained and is refusing to even start talks with Republicans. McCarthy is calling for negotiations that he believes will lead to spending cuts. It's unclear how much he wants to trim and whether fellow Republicans would support any deal after a testy start to the new Congress that required 15 rounds of voting to elect McCarthy as speaker.
Asked twice on Wednesday if there was evidence that House Republicans can ensure the government will avert a default, White House press secretary Karine Jean-Pierre said it's their “constitutional responsibility.” She did not say whether the White House saw signs at this stage that a default was out of the question.
“We're just not going to negotiate that,” Jean-Pierre said. “They should feel the responsibility.”
McCarthy said Biden needs to recognize the political realities that come with a divided government. The speaker equates the debt ceiling to a credit card limit and calls for a level of fiscal restraint that did not occur under President Donald Trump, a Republican who in 2019 signed a bipartisan suspension of the debt ceiling.
“Why create a crisis over this?" McCarthy said this week. "I mean, we’ve got a Republican House, a Democratic Senate. We’ve got the president there. I think it’s arrogance to say, ‘Oh, we’re not going to negotiate about pretty much anything’ and especially when it comes to funding.”
Senate Republican Leader Mitch McConnell said Thursday in Louisville, Kentucky, that he was unconcerned about the situation because debt ceiling increases are “always a rather contentious effort.”
“America must never default on its debt," McConnell said. "We’ll end up in some kind of negotiation with the administration over what are the circumstances or conditions under which the debts are going to be raised.”
But any deal would also need to pass the Democratic-run Senate. Many Democratic lawmakers are skeptical about the ability to work with Republicans aligned with the “Make America Great Again” movement started by Trump. The MAGA movement has claimed that the 2020 election lost by Trump was rigged, a falsehood that contributed to the Jan. 6, 2021, insurrection at the U.S. Capitol.
“This is not complicated: If the MAGA GOP stops paying our nation’s bills, Americans will be the ones to pay the price," said Senate Majority Leader Chuck Schumer, D-N.Y. “Political brinkmanship with the debt limit would be a massive hit to local economies, American families, and would be nothing less than an economic crisis at the hands of the Republicans.”
The debt ceiling was originally a fix made during World War I that enabled bonds to be issued without requiring repeated congressional approvals. But in an era of polarization and rising debt loads, the limit has been transformed into a political bludgeon. It does not reflect the actual capacity of the federal government to borrow, simply how much it is legally able to do so without congressional signoff.
In order to keep the government open, the Treasury Department on Thursday was making a series of accounting maneuvers that would put a hold on contributions and investment redemptions for government workers' retirement and health care funds, giving the government enough financial space to handle its day-to-day expenses until roughly June.
What happens if these measures are exhausted without a debt limit deal is unknown. A prolonged default could be devastating, with crashing markets and panic-driven layoffs if confidence evaporated in a cornerstone of the global economy, the U.S. Treasury note.
Analysts at Bank of America cautioned in a report last week that “there is a high degree of uncertainty about the speed and magnitude of the damage the U.S. economy would incur.”
The underlying challenge is that the government would have to balance its books on a daily basis if it lacks the ability to issue debt. If the government cannot issue debt, it would have to impose cuts equal in size on an annual basis to 5% of the total U.S. economy. Analysts say their baseline case is that the U.S. avoids default.
Still, if past debt ceiling showdowns such as the one that occurred in 2011 are any guide, Washington may be in a nervous state of suspended animation with little progress until the “X-date,” the deadline when the Treasury's “extraordinary measures” are depleted.
Unlike the 2011 showdown, the Federal Reserve is actively raising interest rates to lower inflation and is rolling off its own holdings of U.S. debt, meaning that recession fears are already elevated among consumers, businesses and investors.
Biden administration officials have said they will not prioritize payments to bondholders if the country passes the “X-date” without an agreement. Over the years, officials have studied this emergency option, which Treasury officials across administration have said is unworkable because of the government's payments system.
“To some extent, the ‘extraordinary measures’ are the backup plan, and once those are exhausted the next step is a major question mark,” economists at Wells Fargo wrote in a Thursday analysis.
___
AP writers Lisa Mascaro in Washington and Dylan Lovan in Louisville, Kentucky. contributed to this story.
This story has been corrected to show the debt limit is $31.381 trillion, not $38.381 trillion.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
It's close but I think the teeth are different, plus he full on plucked his eyebrows then.
If, and if this is true, it sure is one hell of a trip. Truth IS stranger than fiction...
I'm with you. Close but no cigar...chipped teeth, the bags around "her" eyes are puffier than his, some very close similarities. I will wait for the experts before I decide.
i do not care if he was a drag queen or not. i care that he is a serial liar on committees and thus a national security threat.
If I was ranking all the things, the drag queen thing is the least offensive. For me, the lying about the holocaust and defrauding people are 1-2 in my book along with his MAGA viewpoints.
Reading 2004
Albany 2006 Camden 2006 E. Rutherford 2, 2006 Inglewood 2006,
Chicago 2007
Camden 2008 MSG 2008 MSG 2008 Hartford 2008.
Seattle 2009 Seattle 2009 Philadelphia 2009,Philadelphia 2009 Philadelphia 2009
Hartford 2010 MSG 2010 MSG 2010
Toronto 2011,Toronto 2011
Wrigley Field 2013 Brooklyn 2013 Brooklyn 2013 Philadelphia 2, 2013
Philadelphia 1, 2016 Philadelphia 2 2016 New York 2016 New York 2016 Fenway 1, 2016 Fenway 2, 2018 MSG 2022 St. Paul, 1, St. Paul 2 2023 MSG 2024, MSG 2024 Philadelphia 2024
"I play good, hard-nosed basketball.
Things happen in the game. Nothing you
can do. I don't go and say,
"I'm gonna beat this guy up."
Maga minds are so warped from their echo chamber that even a Dark Side of the Moon anniversary logo triggers them
Notice how the rainbow stripes are vertical instead of horizontal? That’s a sign that if you play Dark Side of the Moon while wasted and laying on your bed with the lights off, you’ll pass out, wake up gay and run for congress. And win. Don’t say you weren’t warned.
Maga minds are so warped from their echo chamber that even a Dark Side of the Moon anniversary logo triggers them
Notice how the rainbow stripes are vertical instead of horizontal? That’s a sign that if you play Dark Side of the Moon while wasted and laying on your bed with the lights off, you’ll pass out, wake up gay and run for congress. And win. Don’t say you weren’t warned.
or possibly turn into the Scarecrow, if you start the album during the third roar of the MGM lion.
"Oh Canada...you're beautiful when you're drunk" -EV 8/14/93
Comments
Libtardaplorable©. And proud of it.
Brilliantati©
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
"Well, you tell him that I don't talk to suckas."
https://www.cnn.com/2023/01/19/politics/ron-desantis-ap-african-american-studies/index.html
Libtardaplorable©. And proud of it.
Brilliantati©
If, and if this is true, it sure is one hell of a trip. Truth IS stranger than fiction...
-EV 8/14/93
the chin and its creases shape etc...
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
"Well, you tell him that I don't talk to suckas."
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Libtardaplorable©. And proud of it.
Brilliantati©
WASHINGTON (AP) — The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.
The Treasury Department said in a letter to congressional leaders it had started taking “extraordinary measures” as the government had run up against its legal borrowing capacity of $31.381 trillion. An artificially imposed cap, the debt ceiling has been increased roughly 80 times since the 1960s.
“I respectfully urge Congress to act promptly to protect the full faith and credit of the United States,” Treasury Secretary Janet Yellen wrote in the letter.
Markets so far remain relatively calm, given that the government can temporarily rely on accounting tweaks to stay open and any threats to the economy would be several months away. Even many worried analysts assume there will be a deal.
But this particular moment seems more fraught than past brushes with the debt limit because of the broad differences between Biden and new House Speaker Kevin McCarthy, who presides over a restive Republican caucus.
Those differences increase the risk that the government could default on its obligations for political reasons. That could rattle financial markets and plunge the world's largest economy into a preventable recession.
Biden and McCarthy, R-Calif., have several months to reach agreement as the Treasury Department imposes measures to keep the government operating until at least June. But years of intensifying partisan hostility have led to a conflicting set of demands that jeopardize the ability of the lawmakers to work together on a basic duty.
Biden insists on a “clean” increase to the debt limit so that existing financial commitments can be sustained and is refusing to even start talks with Republicans. McCarthy is calling for negotiations that he believes will lead to spending cuts. It's unclear how much he wants to trim and whether fellow Republicans would support any deal after a testy start to the new Congress that required 15 rounds of voting to elect McCarthy as speaker.
Asked twice on Wednesday if there was evidence that House Republicans can ensure the government will avert a default, White House press secretary Karine Jean-Pierre said it's their “constitutional responsibility.” She did not say whether the White House saw signs at this stage that a default was out of the question.
“We're just not going to negotiate that,” Jean-Pierre said. “They should feel the responsibility.”
McCarthy said Biden needs to recognize the political realities that come with a divided government. The speaker equates the debt ceiling to a credit card limit and calls for a level of fiscal restraint that did not occur under President Donald Trump, a Republican who in 2019 signed a bipartisan suspension of the debt ceiling.
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Supreme Court has failed to find leaker of abortion opinion
By the numbers: President Biden at the two-year mark
Investigation? Review? Biden faces a messaging dilemma
“Why create a crisis over this?" McCarthy said this week. "I mean, we’ve got a Republican House, a Democratic Senate. We’ve got the president there. I think it’s arrogance to say, ‘Oh, we’re not going to negotiate about pretty much anything’ and especially when it comes to funding.”
Senate Republican Leader Mitch McConnell said Thursday in Louisville, Kentucky, that he was unconcerned about the situation because debt ceiling increases are “always a rather contentious effort.”
“America must never default on its debt," McConnell said. "We’ll end up in some kind of negotiation with the administration over what are the circumstances or conditions under which the debts are going to be raised.”
But any deal would also need to pass the Democratic-run Senate. Many Democratic lawmakers are skeptical about the ability to work with Republicans aligned with the “Make America Great Again” movement started by Trump. The MAGA movement has claimed that the 2020 election lost by Trump was rigged, a falsehood that contributed to the Jan. 6, 2021, insurrection at the U.S. Capitol.
“This is not complicated: If the MAGA GOP stops paying our nation’s bills, Americans will be the ones to pay the price," said Senate Majority Leader Chuck Schumer, D-N.Y. “Political brinkmanship with the debt limit would be a massive hit to local economies, American families, and would be nothing less than an economic crisis at the hands of the Republicans.”
The debt ceiling was originally a fix made during World War I that enabled bonds to be issued without requiring repeated congressional approvals. But in an era of polarization and rising debt loads, the limit has been transformed into a political bludgeon. It does not reflect the actual capacity of the federal government to borrow, simply how much it is legally able to do so without congressional signoff.
In order to keep the government open, the Treasury Department on Thursday was making a series of accounting maneuvers that would put a hold on contributions and investment redemptions for government workers' retirement and health care funds, giving the government enough financial space to handle its day-to-day expenses until roughly June.
What happens if these measures are exhausted without a debt limit deal is unknown. A prolonged default could be devastating, with crashing markets and panic-driven layoffs if confidence evaporated in a cornerstone of the global economy, the U.S. Treasury note.
Analysts at Bank of America cautioned in a report last week that “there is a high degree of uncertainty about the speed and magnitude of the damage the U.S. economy would incur.”
The underlying challenge is that the government would have to balance its books on a daily basis if it lacks the ability to issue debt. If the government cannot issue debt, it would have to impose cuts equal in size on an annual basis to 5% of the total U.S. economy. Analysts say their baseline case is that the U.S. avoids default.
Still, if past debt ceiling showdowns such as the one that occurred in 2011 are any guide, Washington may be in a nervous state of suspended animation with little progress until the “X-date,” the deadline when the Treasury's “extraordinary measures” are depleted.
Unlike the 2011 showdown, the Federal Reserve is actively raising interest rates to lower inflation and is rolling off its own holdings of U.S. debt, meaning that recession fears are already elevated among consumers, businesses and investors.
Biden administration officials have said they will not prioritize payments to bondholders if the country passes the “X-date” without an agreement. Over the years, officials have studied this emergency option, which Treasury officials across administration have said is unworkable because of the government's payments system.
“To some extent, the ‘extraordinary measures’ are the backup plan, and once those are exhausted the next step is a major question mark,” economists at Wells Fargo wrote in a Thursday analysis.
___
AP writers Lisa Mascaro in Washington and Dylan Lovan in Louisville, Kentucky. contributed to this story.
This story has been corrected to show the debt limit is $31.381 trillion, not $38.381 trillion.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
There are no kings inside the gates of eden
Albany 2006 Camden 2006 E. Rutherford 2, 2006 Inglewood 2006,
Chicago 2007
Camden 2008 MSG 2008 MSG 2008 Hartford 2008.
Seattle 2009 Seattle 2009 Philadelphia 2009,Philadelphia 2009 Philadelphia 2009
Hartford 2010 MSG 2010 MSG 2010
Toronto 2011,Toronto 2011
Wrigley Field 2013 Brooklyn 2013 Brooklyn 2013 Philadelphia 2, 2013
Philadelphia 1, 2016 Philadelphia 2 2016 New York 2016 New York 2016 Fenway 1, 2016
Fenway 2, 2018
MSG 2022
St. Paul, 1, St. Paul 2 2023
MSG 2024, MSG 2024
Philadelphia 2024
"I play good, hard-nosed basketball.
Things happen in the game. Nothing you
can do. I don't go and say,
"I'm gonna beat this guy up."
that’s all they cared about. Not sure congress has anything to do with that
here she comes....
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Gaetz seems to indicate that his ilk think Newsom is the 2024 guy
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
nice...the magat response
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
This will be good...
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
-EV 8/14/93
Libtardaplorable©. And proud of it.
Brilliantati©
-EV 8/14/93
1) stupid hypocritical left
That's it.
Aren't you suppose to be in ATL for your night of rage?