Even Jen Psaki Thinks China Hopes We Default

Jen Psaki, a former press secretary at the White House, recently spoke out about the gravity of the debt limit crisis, pointing out that the whole world is watching.

When the debt limit talks were halted this week by the G-7 conference in Japan, Psaki went on Andrea Michelle Reports on MSNBC to share her thoughts.

Psaki asked if will democracy survive. Will we be defaulting?   China is probably cheering for a default.  Which makes the United States appear weak internationally.

Psaki spoke on her thoughts on the effort by 10 Democrat senators to force President Joe Biden to use the 14th Amendment. Since it has never been used before, it would face legal challenges.

The White House and the staff of House Minority Leader Kevin McCarthy (R-CA) resumed their negotiations momentarily on Friday night after pausing them earlier in the day.

Sen. Joe Manchin (D-WV) praised Republicans after an agreement was reached on the debt limit but ignored President Biden.

On Sunday, the office of House Speaker Kevin McCarthy (R-CA) unveiled the Fiscal Responsibility Act of 2023, which contains a directive to the secretary of the Army to grant all permits necessary to finish building the Mountain Valley Pipeline.

A report shows the potential debt limit deal involving President Biden and House Speaker McCarthy (R-Calif.) draws criticism from several Republicans.

On a Saturday night conference call with his Republican colleagues, McCarthy explained the agreement. Several Republicans in the House vented their frustration on Twitter, with one even using the word “surrender” to describe the move.

According to Rep. Warren Davidson (R-Ohio), the arrangement raised impressive victories and a few serious concerns.

If the expenditure was restored to FY2022 rates and yearly spending growth was controlled at 1% for the following decade, the House Freedom Caucus has previously indicated it would consider backing a debt ceiling rise.

Many politicians are adopting a wait-and-see stance for the time being until the formal plan’s unveiling.