President Biden and House Speaker Kevin McCarthy have reached an agreement “in principle” for raising the nation’s roughly $31.4 trillion borrowing limit for two years
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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 agree to talk on debt crisis, speaker says negotiators 'closer to an agreement'President Joe Biden and House Speaker Kevin McCarthy agreed to speak Saturday evening as they race to strike an agreement that would resolve the looming debt crisis ahead of a June 5 deadline to avert a catastrophic U.S. default. Biden spoke earlier in the day with the Democratic leaders in Congress to discuss the status of the talks, according to two people familiar with the situation and granted anonymity to discuss it. The Republican speaker gathered top allies behind closed doors at the Capitol as negotiators pushed for a deal that would raise the nation’s borrowing limit and avoid a catastrophic default, while also making spending cuts that House Republicans are demanding.
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Deadline looming, Biden and McCarthy narrow in on budget deal to lift debt ceilingAny compromise needs support from both Democrats and Republicans to pass in Congress.
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Biden, McCarthy looking to close US debt ceiling deal for two yearsThe White House and congressional Republicans on Friday are putting the final touches on a deal that will raise the U.S. government's $31.4 trillion debt ceiling for two years while capping spending on everything but military and veterans, according to a U.S. official.
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As deadline approaches, Joe Biden, Kevin McCarthy narrow in on budget deal to lift debt ceilingAs soon as June 1, Treasury says it could run short of funds to pay the bills. A federal default on the nation's debt would send the economy into chaos.
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Deadline looming, Biden and McCarthy narrow in on budget deal to lift debt ceilingAny compromise needs support from both Democrats and Republicans to pass in Congress.
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