Latest news with #BrendanBoyle
NBC News
6 hours ago
- Business
- NBC News
Live updates: Judge denies DOJ request to unseal Epstein transcripts; House committee subpoenas Maxwell
The Democrats leading the House and Senate budget committees are introducing legislation today to abolish the debt limit as we know it. The bill would ensure that the Treasury Department could borrow money if necessary to meet U.S. obligations under the law, rather than needing Congress to pass legislation in what has become a perennial fight on Capitol Hill. The Debt Ceiling Reform Act, led by Rep. Brendan Boyle, D-Pa., and Sen. Jeff Merkley, D-Ore., would allow the treasury secretary to suspend the debt limit for two years. That could take effect 46 calendar days after Congress has been notified — unless Congress passes a law to prevent it during that window. Republicans raised the debt limit by $5 trillion in Trump's megabill, most likely resolving it through the 2026 midterm election.
Bloomberg
7 hours ago
- Business
- Bloomberg
Balance of Power: Early Edition 7/23/2025
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the trade agreement struck between the US and Japan. On today's show, Democratic Congressman Brendan Boyle of Pennsylvania, Stonecourt Capital Partner Rick Davis, Center for the Study of the Presidency and Congress Senior Democracy Fellow Jeanne Sheehan Zaino and Senior Counselor to the President and Director of the Office of Trade and Manufacturing Policy at The White House Peter Navarro. (Source: Bloomberg)
NBC News
8 hours ago
- Business
- NBC News
Live updates: Trump to deliver remarks on AI plans; White House scrambles to finish tariff deals
The Democrats leading the House and Senate budget committees are introducing legislation Wednesday to abolish the debt limit as we know it. The bill would ensure that the Treasury Department can borrow money if necessary to meet U.S. obligations under the law, rather than needing Congress to pass legislation in what's become a perennial fight on Capitol Hill. The Debt Ceiling Reform Act, led by Rep. Brendan Boyle, D-Pa., and Sen. Jeff Merkley, D-Ore., would allow the treasury secretary to suspend the debt limit for two years. That can take effect 46 calendar days after notifying Congress — unless Congress passes a law to prevent it during that window. Republicans raised the debt limit by $5 trillion in Trump's megabill, likely resolving it through the 2026 midterm election.
Yahoo
04-07-2025
- Politics
- Yahoo
Fox News Host Hits Republican Lawmakers With A Blunt Election Warning
Republican lawmakers on Thursday were in a jubilant mood as they marked the passage of President Donald Trump's signature 'big beautiful bill.' But Fox News host Jessica Tarlov said some of them might not be celebrating next year, when they could face unexpectedly early retirement. Polls show the bill ― which adds trillions to the debt, cuts taxes for the wealthy, and slashes Medicaid ― is deeply unpopular with the American public. With midterm elections looming in 2026, Tarlov ― a rotating co-host of 'The Five' ― wrote on X that moderate Republicans in particular will be at risk next year: By voting for this budget bill, many moderate Republicans are ensuring their retirement will come earlier than expected. — Jessica Tarlov (@JessicaTarlov) July 3, 2025 The bill is so unpopular that CNN data chief Harry Enten earlier this week showed it was underwater in five recent polls by between 19 and 29 percentage points. 'The American public at this particular point hate, hate, hate the 'big, beautiful bill,'' he said. 'As far as they're concerned, it's not a 'big, beautiful bill,' it's a big, bad bill.' Democrats also believe that Republicans who support the bill will pay the price at the polls next year. 'There are House Republicans now, this morning, who are about to sign their political obituary with this vote,' Representative Brendan Boyle (D-Pa.) told Reuters before the final votes were cast. 'They are literally walking the plank for Donald Trump.' The party that wins the White House often suffers in the midterm elections that follow. Former MSNBC host Chris Matthews expects that to be the case next year, as well, and said the passage of the bill won't make things any easier for Republicans. He estimated that Democrats could pick up between 15 and 20 seats ― more than enough to win control of the House.
Yahoo
04-07-2025
- Business
- Yahoo
Republicans, Democrats Start Gaming Out Trump's Tax-Cut Bill Hit To 2026 Elections
WASHINGTON, July 3 (Reuters) - Even before the last vote on U.S. President Donald Trump's sweeping tax-cut and spending bill was counted, Republicans and Democrats in Congress began gaming out how to use it to gain an edge in the 2026 midterm elections. Midterm elections traditionally punish the party of the president in office, giving Democrats hope of recapturing control of at least one chamber of Congress where Republicans now hold full control. They view the Trump bill's cuts to Medicaid and food assistance as ready ammunition for their future campaign. 'There are House Republicans now, this morning, who are about to sign their political obituary with this vote,' Representative Brendan Boyle told Reuters hours before the legislation passed the House of Representatives 218-214. 'They are literally walking the plank for Donald Trump,' the Pennsylvania Democrat said. Republicans contend that the legislation's permanent business tax breaks will goose the economy ahead of the November 2026 election, leading to job growth, higher wages and lower prices for groceries and energy. 'The American people are going to see great benefits from this bill, and they're going to know which party was fighting for them,' said House Majority Leader Steve Scalise, the chamber's No. 2 Republican. 'The Democrat party still doesn't know why they lost in November. They're going to be reminded of that next year when they lose again,' the Louisiana Republican predicted. But polling data, independent political analysts and the impending retirement of two of the few Republicans who have been willing to challenge Trump tell a more complicated story about what American voters might have in mind more than a year into the future. For one thing, Republicans appear to have their work cut out for them when it comes to selling voters on the legislation, which they say makes good on the campaign promises that brought them and Trump victory in 2024. Forty-nine percent of Americans oppose the bill, while only 29% favor it, according to recent polling by the nonpartisan Pew Research Center. Pew said majorities expressed concern that the legislation would raise the budget deficit and hurt lower income people while benefiting the wealthy. Nonpartisan forecasters say the legislation will add $3.4 trillion to the nation's $36.2 trillion in debt, a prediction that many Republicans contend overlooks future economic growth from business tax cuts. MEDICARE CONCERNS Internal Republican polling has also shown that even in districts held by the party, voters strongly oppose cuts to the Medicaid healthcare program for lower-income Americans and federally subsidized private health insurance, which the nonpartisan Congressional Budget Office predicts could leave nearly 12 million Americans without health insurance. 'They're certain to remember losing their healthcare or food assistance, if that happens, and most will blame the governing party, the Republicans,' said Larry Sabato, director of the University of Virginia Center for Politics. But Republicans shrugged off the dangers of voter blowback and predict that any ill-effects from the legislation, which includes work requirements for able-bodied Medicaid recipients, will not be felt until after the 2026 election. 'None of this stuff with Medicaid even impacts anybody for two years,' said Republican Representative Mike Flood, who has weathered stormy town hall meetings in his Nebraska district this year. Paul Sracic, an adjunct fellow at the conservative-leaning Hudson Institute, also argued that Medicaid cuts would prove too complicated and come too late to have a big impact on voters. 'Politics is about simplifying things. The Medicaid cuts are somewhat complicated, whereas extending the current tax regime is easy for people,' he said. Scalise and other Republicans predicted voters would see early benefits from the legislation's tax breaks for tipped income, overtime pay and car loan interest payments, which begin this year. Control of the House is likely to depend on the election outcome in about three dozen of the 435 House districts that are viewed as competitive by the three main U.S. nonpartisan political ratings services. Republicans currently hold a narrow 220-212 House majority. About half of those seats are held by Republicans, among which the most vulnerable is Representative Don Bacon's Nebraska swing district. A five-term Republican centrist, Bacon announced his retirement last month after clashing with Trump over funding priorities and the tenure of Defense Secretary Pete Hegseth. His district, which was carried by Democrat Kamala Harris last year and by former President Joe Biden in 2020, is seen by some analysts as tipping in Democrats' favor. Republicans face much better odds protecting their 53-47 seat Senate majority. Democrats have to defend three open seats in Michigan, Minnesota and New Hampshire next year, while fending off a determined Republican effort to unseat Democratic Senator Jon Ossoff in Georgia. But Democrats have a new opportunity in North Carolina, where Senator Thom Tillis announced that he would retire as he prepared to oppose the Trump legislation in the Senate due to cuts in Medicaid funding. Trump has floated the name of his daughter-in-law and former Republican National Committee co-chair Lara Trump as a possible replacement. Another vulnerable Republican is Senator Susan Collins, who joined Tillis and fellow Republican Senator Rand Paul in voting against the Trump legislation alongside Democrats. Some lawmakers and analysts contended that Trump's legislation would make no difference to voters in 2026. 'Republican voters will parrot the talking points of their leaders and Democrats will do the same,' Sabato said.
