<p><a href="https://www.dailywire.com/topic/treasury-department" target="_blank" rel="noopener">Treasury</a> Secretary <a href="https://www.dailywire.com/topic/janet-yellen" target="_blank" rel="noopener">Janet Yellen</a> contacted multiple prominent American <a href="http://dailywire.com/topic/business" target="_blank" rel="noopener">business</a> leaders on Monday to detail the financial <a href="http://dailywire.com/topic/economy" target="_blank" rel="noopener">risk</a> stemming from the current <a href="http://dailywire.com/topic/debt-ceiling" target="_blank" rel="noopener">debt ceiling</a> controversy.</p>
<p>The debt ceiling, a policy established by <a href="http://dailywire.com/topic/congress" target="_blank" rel="noopener">Congress</a> that prevents the federal government from spending beyond a predetermined national debt limit of $31.4 trillion, surpassed the threshold earlier this year. Yellen <a href="https://www.dailywire.com/news/yellen-warns-of-debt-default-as-early-as-june-1" target="_blank" rel="noopener">warned</a> last week that the nation could face a default as soon as the first day of June unless the debt limit is suspended or increased.</p>
<p>The veteran economist held multiple one-on-one conversations with individual executives about the &#8220;dangerous consequences of the current brinkmanship&#8221; in recent days, one of two unnamed sources familiar with the matter said in a <a href="https://www.reuters.com/business/yellen-is-calling-ceos-personally-warn-us-debt-ceiling-sources-2023-05-08/?taid=64598be5454148000194d30c&amp;utm_campaign=trueAnthem:+Trending+Content&amp;utm_medium=trueAnthem&amp;utm_source=twitter" target="_blank" rel="noopener">report</a> from Reuters. The sources declined to name the executives with whom Yellen discussed the phenomenon.</p>
<p>Biden administration officials have repeatedly asserted that Republican lawmakers are risking a worldwide recession by insisting that any amendment to the debt ceiling should be accompanied by meaningful spending cuts or limits upon future expenditures. Yellen said in an <a href="https://www.dailywire.com/news/janet-yellen-suggests-republicans-are-holding-a-gun-to-the-head-of-the-american-people-over-debt-ceiling" target="_blank" rel="noopener">interview</a> on Sunday that Republicans are thereby holding a “gun to the head of the American people,” contending that the effort to achieve “agreement on budget priorities” before increasing the debt limit “simply is unacceptable” due to the recession risks.</p>
<p>House Speaker Kevin McCarthy (R-CA) and President Joe Biden <a href="https://www.dailywire.com/news/white-house-takes-adversarial-posture-toward-mccarthy-ahead-of-budget-cut-meeting-heres-what-they-want-him-to-do" target="_blank" rel="noopener">met</a> in early February to discuss possible mechanisms to raise or eliminate the debt limit while reconsidering budget priorities, but the commander-in-chief delayed further meetings for several months. The two officials are scheduled to meet for the second time alongside other lawmakers on Tuesday.</p>
<p>White House Press Secretary Karine Jean-Pierre said in a Monday <a href="https://www.whitehouse.gov/briefing-room/press-briefings/2023/05/08/press-briefing-by-press-secretary-karine-jean-pierre-32/" target="_blank" rel="noopener">briefing</a> that Biden would attempt to create separate negotiations processes for budget cuts and the debt ceiling. “Remember, that’s regular order,” she told reporters. “That is the way that we’re supposed to be doing this: having a negotiation on budget, not connecting it to the debt ceiling.”</p>
<p>Members of the House Freedom Caucus, a bloc of conservative Republicans, have <a href="https://www.dailywire.com/news/house-freedom-caucus-chairman-responds-as-white-house-lobs-spurious-claims-at-spending-cut-proposal" target="_blank" rel="noopener">said</a> they would consider voting to raise the debt ceiling in exchange for a framework that returns expenditures to fiscal year 2022 levels, raises the debt ceiling only for the next year, and limits annual spending growth to 1% over the next decade. McCarthy unveiled a budget <a href="https://www.dailywire.com/news/kevin-mccarthy-unveils-plan-to-responsibly-raise-debt-limit" target="_blank" rel="noopener">proposal</a> that mirrored the framework and <a href="https://www.dailywire.com/news/gop-led-house-passes-mccarthys-plan-to-raise-debt-limit" target="_blank" rel="noopener">passed</a> the measure through the House two weeks ago. The narrowly Republican majority requires votes from the House Freedom Caucus to pass bills.</p>
<p>Jean-Pierre said last week that “the only practical path to avoid default is for Congress to suspend the debt limit without conditions” because of the “limited time” before the potential default. House Freedom Caucus Chairman Scott Perry (R-PA) previously <a href="https://www.dailywire.com/news/freedom-caucus-chair-blasts-white-house-for-punting-debt-ceiling-talks-for-months-then-saying-there-is-limited-time-to-negotiate" target="_blank" rel="noopener">told</a> The Daily Wire that the remarks were “like a pyromaniac starting a fire and watching it burn for months suddenly declaring it needs to be put out while simultaneously pouring more gas on it.”</p>
<p><b data-stringify-type="bold"><a class="c-link" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent" aria-describedby="sk-tooltip-56458">CLICK HERE TO GET THE DAILY WIRE APP</a></b></p>
<p>Forty-three Republican members of the Senate recently <a href="https://www.dailywire.com/news/debt-ceiling-battle-lines-drawn-ahead-of-white-house-meeting" target="_blank" rel="noopener">endorsed</a> a letter declaring that they would oppose a “clean” debt ceiling bill separate from any spending cuts or other policy concessions. Meanwhile, Senate Majority Leader Chuck Schumer (D-NY) announced that the upper chamber would hold hearings on the bill to “expose the true impact of this reckless legislation on everyday Americans.”</p>

<script async src="https://www.tiktok.com/embed.js"></script>
<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Janet Yellen Warns CEOs About Recession Risks From Debt Ceiling Battle: Report

CONTINUE READING

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

Debt Ceiling

Economy

Janet Yellen

Politics

Treasury Department

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

Janet Yellen Warns CEOs About Recession Risks From Debt Ceiling Battle: Report