At 82 years old, Mitch McConnell does not represent the new generation of Republicans. So the time had come to pass on the torch, and McConnell chose this February to announce it. Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC shares his perspective on US politics.
America’s next chapter is being built now. Bank of America is mobilizing $250 billion over the next 18 months to help finance the infrastructure behind it. Learn more.
Sen. Mitch McConnell of Kentucky announced Wednesday he would step down as Senate Minority leader in November after 17 years at the top of the Senate GOP.
The clock is ticking. If Congress fails to increase the debt ceiling by the time the Treasury runs out of cash, then the US government could default on its loans for the first time in history, Ian Bremmer explains. Not only would this shake investor confidence in US bonds, raising the prospect of an American recession, but because US debt is the cornerstone of the world economy, it could also spark a global financial calamity.
In a development that will surprise exactly no one, there’s more than a little kicking and screaming going on these days in Washington over the debt ceiling debate. On GZERO World, Utah Senator Mitt Romney, a throwback from another era of US politics, has a message for the rabble-rousers on both sides: pipe down.
There's a lot of hand-wringing going on right now within Republican ranks after the GOP's worse than expected midterm results. The big question is: Is the Republican party still the party of Trump? NPR White House correspondent Tamara Keith tells Ian Bremmer that there may be no going back to what the party used to be. "There's just a lot of people in the Republican party who don't see themselves going back to the nice, polite Mitch McConnell, Bob Dole Republican Party," Keith says in this week's episode of GZERO World.
Democrats and Republicans don't agree on much, but leaders of both parties say now's the time to push back on China's rise. And they're willing to put an historic amount of taxpayer money where their mouth is.