Hi there,

This month Democracy Now! is celebrating 28 years on the air. Since our very first broadcast in 1996, Democracy Now! has been committed to bringing you the stories, voices and perspectives you won't hear anywhere else. In these times of war, climate chaos and elections, our reporting has never been more important. Can you donate $10 to keep us going strong? Today a generous donor will DOUBLE your donation, making it twice as valuable. Democracy Now! doesn't accept advertising income, corporate underwriting or government funding. That means we rely on you to make our work possible—and every dollar counts. Please make your gift now. Thank you so much.
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.


Rep. Matt Gaetz Admits Republicans Are Holding U.S. Economy “Hostage” over Debt Limit

HeadlineMay 25, 2023

Treasury Secretary Janet Yellen said Wednesday the U.S. remains on course to default on its loans as early as next Thursday, unless lawmakers agree to raise the ceiling on the national debt. The White House says a default would cause severe damage to the U.S. economy, costing up to 8 million jobs. On Tuesday, far-right House Freedom Caucus member Matt Gaetz openly admitted Republicans were holding the U.S. economy hostage in a bid to force Democrats to agree to huge cuts in federal spending.

Rep. Matt Gaetz: “I think my conservative colleagues, for the most part, support Limit, Save, Grow, and they don’t feel like we should negotiate with our hostage.”

White House Press Secretary Karine Jean-Pierre seized on Gaetz’s comments, saying they showed the fight over the debt ceiling was a “manufactured crisis.”

Press Secretary Karine Jean-Pierre: “And don’t take our word for it; just listen to members of the House Freedom Caucus. They’ve been very honest about this and are now openly — they’re saying the quiet thing out loud, referring to the full faith and credit of the United States as a hostage.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation