Speaker of the House Kevin McCarthy said the bill would end the pause on federal student debt payments 60 days after the bill was passed, accelerating the June 30 window for the pause to end.
Speaker of the House Kevin McCarthy outlined some of the provisions of the debt ceiling deal agreed to on Saturday, including its impact on President Joe Biden’s plans to implement federal student debt relief.
McCarthy said the bill would end the pause on federal student debt payments 60 days after the bill was passed, accelerating the June 30 window for the pause to end. “That is another victory,” McCarthy said on, arguing it brings in billions of dollars in government funds. The House of Representatives passed a bill on Wednesday to block Biden’s plan to cancel thousands of dollars in student debt and to end the pause on payments. The Biden plan is currently awaiting a Supreme Court decision.
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Debt ceiling talks making 'progress' McCarthy says, talks narrow on deal ahead of looming deadlinePresident Joe Biden and the Republican speaker hope to strike a budget compromise this weekend.
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Debt ceiling talks making progress, McCarthy says, as deadline nearsHouse negotiators are making progress toward an agreement with the White House to raise the nation's debt ceiling, racing to close out a deal ahead of a looming deadline to avert a potentially catastrophic government default.
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Matt Gaetz predicts ‘no serious threat’ to McCarthy speakership over debt ceiling dealRep. Matt Gaetz (R-FL), one of House Speaker Kevin McCarthy's (R-CA) chief antagonists, predicted that a deal to lift the debt ceiling won't imperil his speakership despite falling short of demands from conservatives in his conference.
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McCarthy cites 'progress' in US debt-ceiling talks with White HouseAny deal in principle between President Biden and top congressional Republican Kevin McCarthy will be the start of what could easily be a week-long process of shepherding legislation through the narrowly and bitterly divided Congress.
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McCarthy cites 'progress' in U.S. debt ceiling talks with White HouseRepublican Kevin McCarthy said on Saturday he was making 'progress' in negotiations with Democratic President Joe Biden on raising the federal debt ceiling.
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