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Treasury Secretary Janet Yellen warned on Sunday that “financial and economic chaos would ensue,” if the U.S. fails to raise the debt ceiling by early June and strongly urge Congress to take decisive action to avoid an “economic calamity” ahead of President Biden’s meeting with “Big Four” Congressional leadership Tuesday.
President Biden made a surprise visit to Ukraine, his first time to the war-torn country of his presidency and to show support ahead of the eve of the one-year anniversary since Russia launching its full-scale invasion.
President Biden will deliver his second State of the Union address Tuesday night to a divide Congress and the nation against the backdrop of renewed tensions with China amid drama over the Chinese spy balloon, a heated debt ceiling showdown, and his anticipated bid for reelection
President Biden will renew his plan for a “billionaire minimum tax” and will also call for quadrupling the 1% surcharge on corporate stock buybacks during the State of the Union address on Tuesday.
President Biden refused to take any responsibility for the high levels of inflation, claiming the elevated prices were a problem he inherited from his predecessor and that he is not to one to blame for the ongoing inflation crisis hitting Americans under his watch.
The Department of Justice in a new search of President Biden’s Delaware home discovered additional classified documents, Biden’s personal lawyer revealed Saturday evening.
