Who’re the key players and what’s behind the scenes — Ladies and gentlemen, welcome to the debt ceiling show, where we delve into the intricate world of politics and the negotiations that take place behind closed doors. Today, we will uncover the behind-the-scenes action surrounding the debt ceiling deal that has gripped the nation. Our story begins with a contentious…

The Republican Party in the United States consists of various factions with different priorities and ideologies. — A survey conducted by Donald Trump’s former pollster identified a group of “Trump Boosters” who approve of how Trump did his job, but only a slight majority of them support him being the nominee again, and they are more supportive of the Republican Party than Mr. Trump personally. While it’s…

5 reasons a potential default couldn’t undermine the US dollar’s standing vis-à-vis China — A possible US debt default raises concerns about its economic repercussions and broader implications for the global financial landscape. While some argue that such a default could undermine the US dollar’s dominance and America’s standing vis-à-vis China, it is important to critically examine the validity of these arguments.

Republicans left the negotiating table as they are demanding steep spending cuts the Democrats oppose. — The United States is facing a critical situation that has the potential to plunge its economy into turmoil and reverberate across the global financial system. As AP reported on May 20, 2023, “Debt limit talks between the White House and House Republicans stopped, started and stopped again Friday at the…

President Joe Biden’s candidacy for re-election in 2024 faces several challenges. — Recent polls shows that President Biden is trailing behind the other frontrunner in the GOP 2024 primary, Florida Gov. Ron DeSantis, who is expected to soon launch a presidential campaign. As USA Today reported on May 7, 2023, “Some 42% of voting-age respondents said they would definitely or probably vote…

Presidential nominating process of the Democratic Party is not just primary voting and the national convention. — The Democratic Party in the United States nominates its presidential candidate through a complicated process which includes a series of state- and local-level primary elections and caucuses, in which registered Democratic voters (or anyone in open primaries) cast their ballots to indicate their preferred candidate for the party’s nomination. …

According to recent polls from the RealClearPolitics website, which provides up-to-date information on the 2024 Republican presidential nomination race, former President Donald Trump is leading the 2024 Republican presidential nomination race with 52% of the vote, followed by Florida Governor Ron DeSantis with 22.9%. Other candidates, such as former Vice…

The G7 (Group of Seven) summit to be held from 19 to 21 May 2023 in Hiroshima, Japan will bring together leaders from the world’s leading industrialized nations to discuss issues of global importance. …

House Republicans said they will not support increasing the debt ceiling unless they get spending cuts, what is the workaround? — The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, and the Department of the Treasury has been undertaking a set of “extraordinary measures” so that the debt limit does not yet bind. Many studies have shows that if the debt ceiling binds and…