The Memo: GOP risks overplaying hand on debt ceiling
House Republicans are pressing their case for big spending cuts in return for raising the debt ceiling. But there is a real chance the GOP could overplay its hand and end up blamed for cascading negative effects if the U.S. even approaches a scenario where it defaults on its financial obligations. The U.S. has never actually defaulted — and doing so would likely have an instantly traumatic effect on global financial markets. Politically speaking, Republicans have got the lion’s share of the blame during previous showdowns on the different — but not massively di
Read MoreTensions between Musk, Democrats flare with Trump’s expected return to Twitter
Tensions between Elon Musk and Senate Democrats are heating up ahead of former President Trump’s expected return to Twitter, which comes amid reports that the popular social media platform has seen a rise in hate speech since Musk’s takeover last year. Sen. Elizabeth Warren (D-Mass.) is raising concerns about Twitter’s opaque financing and whether foreign interests could gain enough influence over the “digital town square” ahead of the 2024 election to pose a national security threat. Musk, anticipating more criticism from Democratic lawmakers, on Wednesday
Read MoreBiden on classified documents probe: ‘There’s no there there’
President Biden on Thursday downplayed a classified documents probe after materials were found in his home and a former office, telling reporters there’s “nothing there” when asked if the investigation is complete. “I think you’re going to find there’s nothing there. I have no regrets, I’m following what the lawyers have told me they want me to do. That’s exactly what we’re doing, there’s no there there,” Biden said. Biden reiterated much of what the White House has said consistently this week, which was that the documents were immediately turned over to the National Arc
Read MoreHow US-German ‘bickering’ is blocking Ukraine’s push for tanks
A push to provide battle tanks to Ukraine is stalled after U.S. officials this week expressed reluctance over difficulties in maintenance and training for the advanced tracked vehicle. The U.S. decision effectively prevents Ukraine getting tanks from other NATO allies as well, as Germany this week made clear it would only allow other countries to send the German-made tanks if the U.S. commits its own M1 Abrams tank first. Ukraine has repeatedly asked for Western tanks to help in its fight with Russia, a topic that was front and center this week at the World Economic Foru
Read MoreWhy the White House is refusing to negotiate on the debt ceiling
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