TPM News

WASHINGTON (AP) — Top House Democrat Nancy Pelosi says she supports the Trump administration’s request to increase the government’s borrowing limit.

The increase was requested by Treasury Secretary Steven Mnuchin in two letters to Congress earlier this month.

Pelosi said she and fellow Democrats would support increasing the debt ceiling so long as it would be a “clean” increase that would be free of GOP add-ons.

Treasury reset the debt ceiling at $19.8 trillion this month and Mnuchin has begun employing accounting gimmicks to permit the government to avoid defaulting on obligations such as interest payments, Social Security benefits and other payments.

The government has never defaulted on the debt and policymakers and investors say any default could cause severe consequences for the economy.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

During a hearing on Thursday for the Senate Intelligence Committee's probe into Russia's attempts to influence the 2016 election, Sen. Ron Wyden (D-OR) called on the panel to investigate the finances of President Donald Trump and his associates.

Wyden said that a "key to a successful investigation is following the money," specifying that the probe should look into entities associated with the Trump Organization.

Read More →

Tierney Sneed contributed reporting.

Sen. Claire McCaskill (D-MO) told reporters on Capitol Hill on Thursday that she is "torn" about how to vote on the nomination of Neil Gorsuch to the U.S. Supreme Court next week. More than two dozen Democrats are pushing for a filibuster of Gorsuch, setting the Senate up for a nasty showdown next week that may permanently change the chamber's rules.

Read More →

Hyper-partisanship has at least one vocal supporter in the 115th Congress: House Speaker Paul Ryan (R-WI).

In an interview with “CBS This Morning”’s Norah O’Donnell that aired Thursday, Ryan said that if Republicans don’t work with Trump on health care, “he’ll just go work with Democrats to try and change Obamacare, and that’s hardly a conservative thing.”

Read More →

LiveWire