WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5…
resolve the looming debt crisis ahead of a June 5 deadline, a person familiar with the situation said. A deal would avert a catastrophic U.S. default.
The Democratic president and Republican speaker reached the agreement after the two spoke earlier Saturday evening by phone, said the person, who was speaking on condition of anonymity because the official was not authorized to speak publicly on the matter. T he country and the world have been watching and waiting for a resolution to political standoff that threatened the U.S. and global economy.
Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio | All Of Our Podcasts With the outlines of a deal in place, the legislative package could be drafted and shared with lawmakers in time for votes early next week in the House and later in the Senate.
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President Biden, House Speaker Kevin McCarthy strike tentative debt ceiling dealPresident Biden and House Speaker Kevin McCarthy have struck a tentative deal to raise the debt ceiling on Saturday night, sources close to the talks have said. The deal to raise the government&82…
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Biden, McCarthy reach debt limit agreement, per reportsPresident Joe Biden has reportedly struck a deal with House Speaker Kevin McCarthy to avoid plunging the United States into default.
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AP source: Biden, McCarthy reach 'agreement in principle' to raise debt ceiling as default loomsPresident Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis. That's according to a person familiar with the situation, who spoke on condition of anonymity because they were not authorized to speak publicly on the matter. They spoke by phone earlier in the evening as they raced to prevent a catastrophic debt default. With the outline of an agreement, a legislative package can be drafted in time for votes in Congress next week. That's ahead of a projected June 5 federal default. Negotiators have wrangled over a deal that would also making spending cuts that House Republicans are demanding.
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Biden, McCarthy appear near two-year deal on US debt ceiling as default loomsU.S. President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years while capping spending on most items, a U.S. official told Reuters.
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Biden, McCarthy See Progress but No Deal on Debt CeilingThe House of Representatives left for its Memorial Day weekend recess with no deal in place to raise the nation’s debt ceiling, as the White House and Republicans continued to wrangle over spending levels.
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Biden, McCarthy appear near two-year deal on US debt ceiling as default looms By Reuters*BIDEN, MCCARTHY APPEAR NEAR TWO-YEAR DEAL ON U.S. DEBT CEILING AS DEFAULT LOOMS 🇺🇸🇺🇸
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