Meanwhile, there’s little sign the timeline jolt has softened anyone’s positions.
And with potentially less than 30 days to get the job done, Senate Democrats are now openly discussing the prospect of bringing a clean debt ceiling increase to the floor - effectively daring the GOP to either buckle and advance the bill or filibuster it.” “The House and Senate are scheduled to be in session simultaneously for just two weeks this month. Within an hour, President JOE BIDEN had reached out to congressional leaders to schedule a May 9 meeting to discuss the impending deadline and the need to raise the debt ceiling and avert a potential economic calamity.īurgess Everett and Caitlin Emma break down what’s next : “One party or the other is going to have to blink in the debt ceiling standoff. NEW X DATE - The debt-limit clash went suddenly from potential slow-motion train wreck to potential high-speed car crash yesterday, after Treasury Secretary JANET YELLEN announced after markets closed that the government could stop paying interest on its debt as soon as June 1 - far earlier than most recent forecasts. JUST POSTED - “Leonard Leo used Federalist Society contact to obtain $1.6 billion donation,” by Heidi Przybyla: “The unusual arrangement in which Leo met his top donor through the prestigious Federalist Society - which describes itself as a nonpartisan educational organization - suggests closer ties between the society and Leo’s activist network than previously known.” Times’ Anousha Sakoui: “The walkout, which could last for weeks or months, is expected to halt much of TV and film production nationwide.”
PENCILS DOWN - “Hollywood writers strike over streaming pay after talks fail,” by the L.A. Scott Applewhite/AP Photo DRIVING THE DAY
Michael Luttig’s public commentary on the suddenly fraught issue of Supreme Court ethics is particularly noteworthy because he is a longtime friend of several conservatives on the court.
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