Billionaire David Rubenstein backs killing the 'antiquated' debt ceiling
CNN
As Washington gets into yet another fight over raising the debt ceiling, billionaire investor David Rubenstein is hoping Congress gets rid of the federal borrowing limit altogether.
"We should take a serious look at eliminating the debt limit. No other country in the world -- none, zero -- has a debt limit," Rubenstein, the co-founder of private equity giant Carlyle Group, exclusively told CNN on Monday. "Why do we need a debt limit? We don't need a debt limit." Treasury Secretary Janet Yellen warned lawmakers last week that the federal government will most likely run out of cash and extraordinary measures next month unless Congress raises the debt limit.
The GOP-controlled House passed a bill that would block Medicaid funds from being used for gender identity care to minors.
The one-time bonuses President Donald Trump said Wednesday will be paid out to over a million US service members will be pulled from funds already approved by Congress to cover housing and other household costs for troops as part of a military stipend program.
Lawmakers on both sides of the aisle are pushing to make the censure process more difficult after the House weighed three separate complaints against sitting members this week.
A federal judge ruled Thursday that two entities that implement policy and conduct administrative tasks for the judicial branch are not required under a transparency law to turn over their communications to a private legal group aligned with President Donald Trump.
The Democratic National Committee said Thursday that it would not release a highly anticipated “autopsy” of the 2024 election, a decision aimed at unifying the party that also sidesteps uncomfortable and lasting divisions over its loss to President Donald Trump.
Former special counsel Jack Smith did not invoke his Fifth Amendment rights during eight hours of testimony Wednesday behind closed doors to the House Judiciary Committee, the panel’s chairman said.
More photos from Epstein’s estate released by House Democrats as deadline to release DOJ files looms
Democrats on the House Oversight Committee released photos from Jeffrey Epstein’s estate Thursday — the latest in a series of intermittent disclosures that have fueled significant political intrigue in recent weeks about who may have been associated with the convicted sex offender.
Pope Leo has appointed a new archbishop of New York who has first-hand experience of countries from where millions have emigrated to the United States, signaling the potential for a more outspoken approach from bishops on immigration.
The Justice Department tried to add a third felony charge related to mortgage fraud against Letitia James when attempting to reindict the New York attorney general last week, according to court documents.
The Brown University mass shooter remains at large as the manhunt enters its sixth day. Follow for live news updates.
The cavalry is not coming to save the Affordable Care Act’s enhanced premium subsidies before they lapse at year’s end. And while the House is expected to vote in January on a Democratic proposal to extend them for three years, the effort faces significant hurdles in the Senate.
The Department of Homeland Security’s newest airplane has a very familiar, very Trumpian look.
In the desert of New Mexico, under wide open skies, hundreds of trainees gather to hear from Border Patrol chiefs as they join an agency with an expanded role and new policies under the Trump administration.