The Biden administration and congressional negotiators led by House Speaker Kevin McCarthy have still not reached a deal on raising the debt limit and cutting spending.
'Special Report' panelists discuss the ongoing debt limit talks as House Speaker Kevin McCarthy and President Biden face off with the June 1 deadline quickly approaching.and lawmakers from Capitol Hill told Fox News Digital the two sides had"not agreed" on any of the top line items or a one or two year extension of the debt limit as talks continued into Thursday night.
According to the source, the two sides could not agree on any components until there was an agreement on defense and non-defense discretionary spending. Other reports said the negotiating parties were nearing a deal on raising the debt limit and cutting spending as the talks continued. The New York Times reported that the potential deal would provide a two-year increase in the debt limit and cap on all non-defense and veteran-related federal spending. Spending on
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White House, Republicans push ahead in US debt ceiling talks By Reuters*REPUBLICAN HOUSE SPEAKER MCCARTHY SAYS STILL FAR APART ON DEBT TALKS *MCCARTHY: HAVE TOLD BIDEN WE WON'T RAISE TAXES 🇺🇸🇺🇸
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White House and Republicans still at odds over spending as debt ceiling talks continueAs the debt default deadline nears and negotiators remain at odds, CBS News' NikolenDC asks Speaker McCarthy what the 'off ramp' is. McCarthy says it's 'to solve the problem, to spend less than we spent last year. That's not that difficult.”
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Debt ceiling explained: White House and Republicans are scrambling for a deal as default loomsIn just days, the U.S. government could run out of cash to pay its bills. Here's a look at the current state of debt ceiling negotiations and why they are happening.
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Debt ceiling explained: White House and Republicans are scrambling for a deal as default loomsIn just days, the U.S. government could run out of cash to pay its bills. Here's a look at the current state of debt ceiling negotiations and why they are happening.
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White House, Republicans Draw Closer to Debt Ceiling DealThe 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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House Republicans Plan to Unveil Deficit-Exploding Tax Cuts for the RichHouse Republicans are reportedly crafting a major tax cut package that would overwhelmingly benefit the rich and corporations while blowing a multitrillion-dollar hole in the federal deficit.
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