2023-05-03 13:41:55

Debt Ceiling: Economist James K. Galbraith Warns GOP Proposal Would Gut Social Safety Net

U.S. Treasury Secretary Janet Yellen has warned Congress that the United States could run out of money to pay its bills by June 1 unless lawmakers raise the debt ceiling. House Republicans last week narrowly passed a bill to raise the debt ceiling, but only in exchange for sweeping spending cuts to numerous programs, including student debt relief, food assistance, Medicaid, and renewable energy. Democrats, meanwhile, are pushing for a vote to raise the debt ceiling without imposing cuts, even as the constitutionality of the debt ceiling has been questioned by some legal scholars. For more on the debt ceiling, recent bank failures and other economic news, we speak with James Galbraith, economist and professor at the University of Texas at Austin.

Democracy Now! produces a daily, global, independent news hour hosted by award-winning journalists Amy Goodman and Juan González. Our reporting includes breaking daily news headlines and in-depth interviews with people on the front lines of the world’s most pressing issues. 

On DN!, you’ll hear a diversity of voices speaking for themselves, providing a unique and sometimes provocative perspective on global events.

Missed an episode?  Check out DN on FSTV VOD anytime or visit the show page for the latest clips.

#FreeSpeechTV is one of the last standing national, independent news networks committed to advancing progressive social change. 

#FSTV is available on Dish, DirectTV, AppleTV, Roku, Sling, and online at freespeech.org.

 

 

 

 

Debt Ceiling Democracy Now! economic news food assistance Free Speech TV FSTV James K. Galbraith Medicaid raise the debt ceiling Renewable Energy student debt relief U.S. Treasury Secretary Janet Yellen

Economy

BreakThrough News

BreakThrough News | The Economy was on Voters' Minds

BreakThrough News | The Economy was on Voters' Minds

The Thom Hartmann Program

The Thom Hartmann Program | American Society Used to Benefit from the Wealthy

The Thom Hartmann Program | American Society Used to Benefit from the Wealthy

Democracy Now!

Democracy Now! | The Killings of Climate Activists Worldwide

Democracy Now! | The Killings of Climate Activists Worldwide

Mobilized

We the People, We the Power

We the People, We the Power

BreakThrough News

BreakThrough News | The Economy was on Voters' Minds

BreakThrough News | The Economy was on Voters' Minds

The Thom Hartmann Program

The Thom Hartmann Program | Does the Left Needs its own Media Ecosystem?

The Thom Hartmann Program | Does the Left Needs its own Media Ecosystem?

This Week In White Supremacy- Presented by 1HoodMedia

This Week In White Supremacy | The Fourth Wall

This Week In White Supremacy | The Fourth Wall

The Rick Smith Show

The Rick Smith Show | Unions Should Back Harris

The Rick Smith Show | Unions Should Back Harris

Related

BreakThrough News

BreakThrough News | The Economy was on Voters' Minds

BreakThrough News | The Economy was on Voters' Minds

The Thom Hartmann Program

The Thom Hartmann Program | Does the Left Needs its own Media Ecosystem?

The Thom Hartmann Program | Does the Left Needs its own Media Ecosystem?

The Thom Hartmann Program

The Thom Hartmann Program | American Society Used to Benefit from the Wealthy

The Thom Hartmann Program | American Society Used to Benefit from the Wealthy

The Rick Smith Show

The Rick Smith Show | The Fallout of the Washington Post's (lack of) Endorsement

The Rick Smith Show | The Fallout of the Washington Post's (lack of) Endorsement

Proud Partners