{"id":44876,"date":"2023-01-20T23:40:18","date_gmt":"2023-01-20T23:40:18","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/on-the-money-kevin-mccarthys-debt-ceiling-jam\/"},"modified":"2023-01-20T23:40:18","modified_gmt":"2023-01-20T23:40:18","slug":"on-the-money-kevin-mccarthys-debt-ceiling-jam","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/on-the-money-kevin-mccarthys-debt-ceiling-jam\/","title":{"rendered":"On The Money \u2014\u00a0Kevin McCarthy\u2019s debt ceiling jam"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>We break down why the Speaker is stuck with no dancing partner in debt ceiling negotiations. We\u2019ll also look at another round of big tech layoffs and how many of your colleagues are using robots to do their work.\u00a0<\/p>\n<p>\ud83d\udcec But first, stamps are about to get <a href=\"https:\/\/thehill.com\/homenews\/nexstar_media_wire\/3798706-2023-stamp-price-increases-are-about-to-kick-in\/\">more expensive<\/a>.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\">\n<\/aside>\n<p><strong>Welcome to On The Money<\/strong>, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we\u2019re <a rel=\"noreferrer noopener\" href=\"https:\/\/thehill.com\/mailto:slane@thehill.com\" target=\"_blank\">Sylvan Lane<\/a>, <a rel=\"noreferrer noopener\" href=\"https:\/\/thehill.com\/mailto:afolley@thehill.com\" target=\"_blank\">Aris Folley<\/a> and <a rel=\"noreferrer noopener\" href=\"https:\/\/thehill.com\/mailto:kevers@thehill.com\" target=\"_blank\">Karl Evers-Hillstrom<\/a>. Someone forward you this newsletter? <\/p>\n<div class=\"sailthru_shortcode\">\n<div class=\"sailthru-signup-widget sailthru-signup-display-area sailthru-signup-hill-position-main\">\n\t\t<span class=\"sailthru-signup-widget-close\"><a href=\"#sailthru-signup-widget\">Close<\/a><\/span><\/p>\n<div class=\"sailthru_form\">\n<div class=\"sailthru-signup-success-message\" hidden=\"hidden\">\n<p class=\"thanks\">Thank you for signing up!<\/p>\n<p class=\"watch\">Subscribe to more newsletters <a href=\"http:\/\/nxslink.thehill.com\/join\/7aa\/signup\">here<\/a><\/p>\n<\/p><\/div>\n<div class=\"sailthru-subscribe-grid-display\">\n<div class=\"sailthru-signup-display-message-wrapper\">\n<p>\n\t\t\t\t\t\t\t<span>The latest in politics and policy.<br \/>\nDirect to your inbox.<br \/>\nSign up for the On The Money newsletter<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<h2>McCarthy tries to get out of his box on debt ceiling\u00a0<\/h2>\n<p>House Speaker Kevin McCarthy (R-Calif.) is pressing for Democrats to come to the bargaining table and begin negotiations to address the nation\u2019s debt limit, as he faces pressures within his party to make good on significant fiscal reform.\u00a0\u00a0\u00a0<\/p>\n<p>McCarthy called on the White House to start discussions this week. But as both sides gear up for the fight over the country\u2019s borrowing limit, the GOP leader is getting the cold shoulder from Democrats, who have characterized ideas floated on the other side as nonstarters.\u00a0\u00a0<\/p>\n<p>\u201cRepublicans are creating a crisis that need not exist,\u201d Rep. Brendan Boyle (Pa.), top Democrat on the House Budget Committee, said on Thursday, while decrying what he called \u201cpolitical games.\u201d\u00a0\u00a0<\/p>\n<p><strong>The background: <\/strong>The standoff comes as House Republicans have ramped up calls to tie spending cuts to any bill raising or suspending the debt limit \u2014 legislation that caps how much outstanding national debt the government can hold to fulfill its financial duties. Democrats, by contrast, have instead insisted on a clean bill to address the debt ceiling.\u00a0<\/p>\n<p>Aris <a href=\"https:\/\/thehill.com\/homenews\/house\/3820599-mccarthy-tries-to-get-out-of-his-box-on-debt-ceiling\/\">has it all here.<\/a>\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\">\n<\/aside>\n<aside class=\"thehill-promo-link\">\n\t\t<a href=\"https:\/\/thehill.com\/policy\/energy-environment\/overnights\/3821785-energy-environment-tax-breaks-set-stage-for-lithium-boom\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tEnergy &amp; Environment \u2014 Tax breaks set stage for lithium boom\t<\/a><br \/>\n\t\t<a href=\"https:\/\/thehill.com\/policy\/technology\/overnights\/3821726-hillicon-valley-tech-layoffs-escalate\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tHillicon Valley \u2014 Tech layoffs escalate\t<\/a><br \/>\n\t<\/aside>\n<p><strong>LEADING THE DAY<\/strong><\/p>\n<p><strong>Google parent Alphabet to cut 12,000 jobs as tech job losses continue<\/strong>\u00a0<\/p>\n<p>Google\u2019s parent company, Alphabet, will cut about 12,000 jobs, as tech companies across the board continue to engage in mass layoffs.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\">\n<\/aside>\n<p>\u201cOver the past two years we\u2019ve seen periods of dramatic growth,\u201d CEO Sundar Pichai said in an email to Google employees on Friday. \u201cTo match and fuel that growth, we hired for a different economic reality than the one we face today.\u201d\u00a0<\/p>\n<ul>\n<li>After a \u201crigorous review,\u201d Pichai said they would be cutting positions across \u201cproduct areas, functions, levels and regions\u201d at Alphabet.\u00a0<\/li>\n<li>The company will offer severance packages to those affected by the layoffs, as well as six months of health care, job placement services and immigration support. Alphabet will also hold a town hall with employees on Monday.\u00a0<\/li>\n<li>The mass layoffs in Big Tech follow a hiring boom as the COVID-19 pandemic changed consumers\u2019 purchasing habits, as well as growing concerns that the U.S. economy will soon face a recession.\u00a0<\/li>\n<\/ul>\n<p>The Hill\u2019s Julia Shapero <a href=\"https:\/\/thehill.com\/policy\/technology\/3820851-google-parent-alphabet-to-cut-12000-jobs-as-tech-job-losses-continue\/\">digs in here<\/a>.\u00a0<\/p>\n<aside class=\"thehill-promo-link\">\n\t\t<a href=\"https:\/\/thehill.com\/policy\/energy-environment\/overnights\/3821785-energy-environment-tax-breaks-set-stage-for-lithium-boom\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tEnergy &amp; Environment \u2014 Tax breaks set stage for lithium boom\t<\/a><br \/>\n\t\t<a href=\"https:\/\/thehill.com\/policy\/technology\/overnights\/3821726-hillicon-valley-tech-layoffs-escalate\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tHillicon Valley \u2014 Tech layoffs escalate\t<\/a><br \/>\n\t<\/aside>\n<p><strong>FAIR HOUSING PUSH<\/strong><\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\">\n<\/aside>\n<p><strong>HUD files proposed rule aimed at reducing housing segregation<\/strong>\u00a0<\/p>\n<p>The Department of Housing and Urban Development (HUD) has filed a proposal for a new rule to push local communities to take steps to address housing segregation.\u00a0\u00a0<\/p>\n<p>HUD said in a release that the rule would require municipalities, states and public housing agencies to set goals for fair housing issues facing their communities, in accordance with the Affirmatively Furthering Fair Housing mandate of the 1968 Fair Housing Act.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr5_ab\">\n<\/aside>\n<ul>\n<li>The release states that the rule would require participants in HUD programs to submit an \u201cequity plan\u201d for the department to review every five years that will analyze fair housing issues facing their communities, a description of community engagement and goals and strategies to fix those problems in concrete ways.\u00a0<\/li>\n<li>The proposal builds off of a 2015 rule from the Obama administration to get state and local governments to meet expectations in furthering fair housing. The Trump administration scrapped the rule in 2020.\u00a0<\/li>\n<\/ul>\n<p>The Hill\u2019s Jared Gans <a href=\"https:\/\/thehill.com\/homenews\/administration\/3821559-hud-files-proposed-rule-aimed-at-reducing-housing-segregation\/\">takes it from here<\/a>.\u00a0<\/p>\n<aside class=\"thehill-promo-link\">\n\t\t<a href=\"https:\/\/thehill.com\/policy\/energy-environment\/overnights\/3821785-energy-environment-tax-breaks-set-stage-for-lithium-boom\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tEnergy &amp; Environment \u2014 Tax breaks set stage for lithium boom\t<\/a><br \/>\n\t\t<a href=\"https:\/\/thehill.com\/policy\/technology\/overnights\/3821726-hillicon-valley-tech-layoffs-escalate\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tHillicon Valley \u2014 Tech layoffs escalate\t<\/a><br \/>\n\t<\/aside>\n<p><strong>BOT AND SOLD<\/strong><\/p>\n<p><strong>Nearly 30 percent of professionals say they have used ChatGPT at work<\/strong>\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr6_ab\">\n<\/aside>\n<p>Almost 30 percent of professional workers say they have used the artificial intelligence software known as ChatGPT while at work.\u00a0\u00a0<\/p>\n<p>A poll from the publication Fishbowl, which focuses on workplace trends and employee perspectives, found that 27 percent of professionals have used the program to help them with work-related tasks. Pollsters reported that those in the marketing and advertising industry have used it most commonly, with 37 percent saying so.\u00a0<\/p>\n<ul>\n<li>The AI search tool launched to the public in November and has grown significantly in popularity since then as a free service. A user of the program can type in a question and the tool will respond with an answer in the form of an essay.\u00a0<\/li>\n<li>The Fishbowl poll found the tool is most popular among professionals from Generation Z, with 29 percent saying they have used it at work. Members of Generation X followed right behind, with 28 percent having used it, and millennials followed closely behind that, with 27 percent using it.\u00a0<\/li>\n<\/ul>\n<p>The Hill\u2019s Jared Gans <a href=\"https:\/\/thehill.com\/policy\/technology\/3821400-nearly-30-percent-of-professionals-say-they-have-used-chatgpt-at-work\/\">has more here<\/a>.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr7_ab\">\n<\/aside>\n<aside class=\"thehill-promo-link\">\n\t\t<a href=\"https:\/\/thehill.com\/policy\/energy-environment\/overnights\/3821785-energy-environment-tax-breaks-set-stage-for-lithium-boom\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tEnergy &amp; Environment \u2014 Tax breaks set stage for lithium boom\t<\/a><br \/>\n\t\t<a href=\"https:\/\/thehill.com\/policy\/technology\/overnights\/3821726-hillicon-valley-tech-layoffs-escalate\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tHillicon Valley \u2014 Tech layoffs escalate\t<\/a><br \/>\n\t<\/aside>\n<h2>Good to Know<\/h2>\n<p>Former Treasury Secretary Larry Summers <a href=\"https:\/\/thehill.com\/policy\/finance\/3821050-larry-summers-warns-of-1970s-economic-crisis-if-banks-back-down-on-interest-rates\/\">warned<\/a> on Friday that backing down on interest rates as a means of controlling inflation could precipitate a 1970s-style economic crisis.\u00a0<\/p>\n<p>Here\u2019s what else have our eye on:\u00a0<\/p>\n<ul>\n<li>Nevada and other states are poised to rake in <a href=\"https:\/\/thehill.com\/policy\/energy-environment\/3819861-states-see-lithium-rush-for-evs-as-environmentalists-urge-caution\/\">huge benefits<\/a> from a boom in lithium mining for batteries pushed by federal incentives as U.S. demand surges for electric vehicles (EVs).\u00a0<\/li>\n<li>Former President Trump on Friday <a href=\"https:\/\/thehill.com\/homenews\/campaign\/3820987-trump-under-no-circumstances-should-republicans-cut-social-security-or-medicare\/\">urged<\/a> Republicans in Congress not to cut \u201ca single penny\u201d from Medicare or Social Security, a notable warning as some GOP lawmakers prepare to use the debt ceiling debate as leverage to try to secure spending cuts.\u00a0<\/li>\n<li>T-Mobile said a hacker <a href=\"https:\/\/thehill.com\/policy\/technology\/3820948-t-mobile-says-hacker-stole-data-on-37-million-customers\/\">stole data<\/a> on about 37 million customers after first gaining access to a company system in November, according to a Securities and Exchange Commission (SEC) report filed on Thursday.\u00a0<\/li>\n<\/ul>\n<aside class=\"thehill-promo-link\">\n\t\t<a href=\"https:\/\/thehill.com\/policy\/energy-environment\/overnights\/3821785-energy-environment-tax-breaks-set-stage-for-lithium-boom\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tEnergy &amp; Environment \u2014 Tax breaks set stage for lithium boom\t<\/a><br \/>\n\t\t<a href=\"https:\/\/thehill.com\/policy\/technology\/overnights\/3821726-hillicon-valley-tech-layoffs-escalate\/\" class=\"thehill-promo-link__link\" target=\"_blank\" rel=\"noopener\"><br \/>\n\t\tHillicon Valley \u2014 Tech layoffs escalate\t<\/a><br \/>\n\t<\/aside>\n<p>That\u2019s it for today. Thanks for reading and check out The Hill\u2019s <a rel=\"noreferrer noopener\" href=\"https:\/\/thehill.com\/policy\/finance\/\" target=\"_blank\">Finance page<\/a> for the latest news and coverage. We\u2019ll see you next week.\u00a0<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiZGh0dHBzOi8vdGhlaGlsbC5jb20vcG9saWN5L2ZpbmFuY2Uvb3Zlcm5pZ2h0cy8zODIxNzg3LW9uLXRoZS1tb25leS1rZXZpbi1tY2NhcnRoeXMtZGVidC1jZWlsaW5nLWphbS_SAWhodHRwczovL3RoZWhpbGwuY29tL3BvbGljeS9maW5hbmNlL292ZXJuaWdodHMvMzgyMTc4Ny1vbi10aGUtbW9uZXkta2V2aW4tbWNjYXJ0aHlzLWRlYnQtY2VpbGluZy1qYW0vYW1wLw?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We break down why the Speaker is stuck with no dancing partner in debt ceiling negotiations. We\u2019ll also look at another round of big tech layoffs and how many of your colleagues are using robots to do their work.\u00a0 \ud83d\udcec But first, stamps are about to get more expensive. Welcome to On The Money, your &hellip;<\/p>\n","protected":false},"author":1,"featured_media":44877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/44876"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=44876"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/44876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/44877"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=44876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=44876"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=44876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}