Center for Naval Analyses' Michael Kofman discusses the state of the Russia-Ukraine conflict and the anticipated Ukrainian counteroffensive, and The Hill's Niall Stanage discusses the role of state legislatures in the so-called "culture wars."
"By my best calculation, June 8th will be the day when Treasury can't pay its bills," said Mark Zandi, chief economist at Moody's Analytics. He and other economists testified before the Senate Budget Committee on the House Republican-passed bill that raises the debt limit and cuts federal spending. Mr. Zandi said the bill would reduce employment by about 800,000 jobs by the end of 2024 and "add meaningfully to unemployment." He recommended that the debt ceiling be suspended until the end of fiscal year 2023 and warned, "We need to end this drama as quickly as possible. If we don't, we're going to go into recession and our fiscal challenges will be made even worse." Moreover, Manhattan Institute senior fellow Brian Riedl, citing a survey, said most Americans want President Biden to negotiate with Republicans on the debt ceiling and reductions in federal spending. All the experts who testified agreed that the U.S. should not default on its debt.
The Senate Judiciary Committee held a more than three-hour long hearing on Supreme Court ethical standards following press reports that Justices Clarence Thomas and Neil Gorsuch might be in violation of ethics rules. The committee's chair, Sen. Dick Durbin (D-IL) invited Supreme Court Chief Justice John Roberts to testify at the public hearing, but he declined to do so in a letter. Those who did testify included former federal Judge and former Attorney General Michael Mukasey and former federal Judge Jeremy Fogel. Others testifying were a constitutional and appellate law attorney, law professor and a Campaign Legal Center representative.
Interest rates reached above five percent for the first time since the 2007-08 financial crisis after the Federal Reserve announced another rate hike. Federal Reserve Chair Jerome Powell outlined why another increase was warranted. He faced several questions from reporters on pausing increases after the March bank failures, credit tightening and other economic factors. The Federal Reserve will meet again in June to debate and decide on another interest rate increase and other monetary policy matters.
San Diego State University psychology professor Jean Twenge discussed her book "Generations," about the differences between the six generations - The Silents, Baby Boomers, Gen. X, Millennials, Gen. Y and "The Polars" - currently living in the U.S.
British Prime Minister Rishi Sunak fielded questions from House of Commons members on a variety of domestic and foreign issues, including the British government's treatment of migrants seeking asylum and water restrictions in areas of southwest England. Prime Minister Sunak was also asked to defend his assertion in a previous meeting of Parliament that "record numbers" of British people were working under his government, to which he said "that clarification has already been made."
"As long as I am Speaker, America will continue to support fully, funding for security assistance in Israel," said House Speaker Kevin McCarthy (R-CA) during his address to the Israeli Knesset. Speaker McCarthy is the first Speaker of the U.S. House of Representatives to address the Israeli parliament in 25 years. He also vowed to stand "shoulder to shoulder" with Israel to stop Iran from acquiring a nuclear weapon.
House Speaker Kevin McCarthy (R-CA) held a news conference following his historic address to the Israeli Knesset. Speaker McCarthy was joined by a bipartisan group of lawmakers, including former Democratic leader Rep. Steny Hoyer (MD). The speaker and Rep. Hoyer answered several questions on U.S.-Israeli relations, debt negotiations, and Israeli's government. To a Russian reporter, Speaker McCarthy said: "I vote for aid to Ukraine ... I do not support what your country has done to Ukraine." Speaker McCarthy's address to the Knesset was first time a speaker had done so in 25 years. Rep. Hoyer called it an "excellent speech."
Secretary of State Antony Blinken was interviewed about the state of global press freedom in an event hosted by the Washington Post. He talked about efforts the Biden Administration has made to encourage press freedom around the world, as well as within the U.S. Mr. Blinken's appearance was briefly interrupted by protesters in support of WikiLeaks founder Julian Assange.
San Diego State University psychology professor Jean Twenge discussed her book "Generations," about the differences between the six generations - The Silents, Baby Boomers, Gen. X, Millennials, Gen. Y and "The Polars" - currently living in the U.S.
British Prime Minister Rishi Sunak fielded questions from House of Commons members on a variety of domestic and foreign issues, including the British government's treatment of migrants seeking asylum and water restrictions in areas of southwest England. Prime Minister Sunak was also asked to defend his assertion in a previous meeting of Parliament that "record numbers" of British people were working under his government, to which he said "that clarification has already been made."
Physicians and mental health advocates testified on access to care challenges, specifically "phantom or ghost networks" before the Senate Finance Committee. These networks are inaccurate insurance directories of providers, which the witnesses attribute to hampering access for patients. The panel recommended several policy solutions including holding insurance companies accountable, expanding funding--especially in rural areas--for telehealth, and addressing physician shortages in primary and psychiatric care.
Interior Secretary Deb Haaland testified before the Senate Energy and Natural Resources Committee. The committee's senators--most of whom are from Western states--asked about pushing for more domestic oil production and other U.S. natural resources, and the Biden administration's Interior budget priorities for 2024. The administration is requesting $18.9 billion for the department, an increase of $2 billion from 2023.
Attorney General Merrick Garland announced four leaders of the "Proud Boys" group were convicted of seditious conspiracy for their roles in the January 6 Capitol attack. Additionally, he said those four and a fifth member were all convicted of felonies, including interrupting Congress' certification of the 2020 presidential election results and conspiring to prevent Congress and federal officers from discharging their duties. According to Attorney General Garland, the Justice Department has secured more than 600 convictions in relation to the attack.
San Diego State University psychology professor Jean Twenge discussed her book "Generations," about the differences between the six generations - The Silents, Baby Boomers, Gen. X, Millennials, Gen. Y and "The Polars" - currently living in the U.S.