Rep. Jim Banks: Debt limit would be "major leverage point" for House GOP majority
CBSN
Washington — Republican Rep. Jim Banks of Indiana signaled Thursday that the GOP could use the looming debt limit as a negotiation tool with President Biden early next year should the party win back the majority in the House in November's elections.
"It's a major leverage point for the House Republican majority to use to control spending," Banks said. "We've seen the national debt now surpass $31 trillion. It is a key driver of inflation."
While some Republicans view the debt limit as a means to help rein in spending, failure to raise or suspend the debt ceiling in a timely manner could cause the U.S. to default on its debt, which would have devastating consequences for the economy.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
The State Department said Wednesday that it would be investigating Harvard University's participation in a visa program for foreign students and academics, the latest in a series of actions the Trump administration has taken targeting the Ivy League school.
Washington — French President Emmanuel Macron and his wife Brigitte Macron filed a defamation lawsuit against right-wing podcast host Candace Owens on Wednesday in response to claims she peddled that France's first lady was born a man.
Russian military planes were detected flying near the coast of Alaska on Tuesday, the North American Aerospace Defense Command said, marking the latest in a string of sightings in recent months.
Bryan Kohberger is set to be formally sentenced at a hearing after pleading guilty to the murders of four University of Idaho students in 2022.
Oregon authorities on Tuesday identified two people who died in a fatal waterfall accident as search operations continued for the one person who remains missing.
Anchorage, Alaska — A brown bear attacked a woman Tuesday afternoon as she hiked on a popular trail in Alaska's Chugach Mountains and officials are still looking for it, state police said.
The U.S. Olympic and Paralympic Committee has effectively barred transgender women from competing in women's sports, telling the federations overseeing swimming, athletics and other sports it has an "obligation to comply" with an executive order issued by President Trump.
Venus Williams became the second-oldest woman to win a tour-level singles match in professional tennis, delivering some of her familiar big serves and groundstrokes at age 45 while beating Peyton Stearns — 22 years her junior — by a 6-3, 6-4 score at the DC Open on Tuesday night.
A sentencing hearing is scheduled to take place Monday for Brett Hankison, a former Kentucky police officer who was convicted in the death of Breonna Taylor, a 26-year-old emergency medical technician.
When Alina Habba was installed by President Trump as acting U.S. attorney for the District of New Jersey on March 24, a 120-day stopwatch was immediately triggered.
Trump Media and Technology Group, the social media company owned by President Trump, said it has bought about $2 billion in bitcoin and related securities as it remodels itself as an investment firm.
President Trump on Sunday pushed the Washington Commanders NFL team to return to its previous name, which was scrapped five years ago because it included a word that many view as a slur against Native Americans.
Alaska Airlines has grounded its fleet and that of a subsidiary due to an IT outage.