After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to avert a potentially devastating government default
APTOPIX Biden Debt Limit
The package would also make policy tweaks, including by adding work requirements for some food aid recipients and streamlining an environmental law that Republicans say has made it harder to build energy projects.McCARTHY’S DELICATE BALANCING ACTon the 15th ballot in January, it was clear that the debt ceiling negotiations would be his first and perhaps biggest test.
But some House Republicans were publicly slamming the deal, arguing it did too little to cut the deficit. Rep. Dan Bishop of North Carolina tweeted a vomit emoji, complaining that some Republicans on the call were praising the speaker for getting what he said is “almost zippo in exchange” for the debt-ceiling hike.For months, Biden and his aides had a mantra: There would be no negotiation on the debt limit. But then he negotiated anyway.
Biden has continued to insist that he was negotiating on the budget, not the debt ceiling. But pushed by a reporter Sunday evening who noted that was precisely what Republicans were seeking in exchange for lifting the debt limit, the president seemed to break from his talking point.Now he will have to sell it to House Democrats, who must vote for it in big enough numbers to make up for defecting Republicans.
The bill also would amend the National Environmental Policy Act and designate “a single lead agency” to develop environmental reviews, in hopes of streamlining the process. Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Republican Leader Mitch McConnell of Kentucky cut themselves out of the negotiating process early on, saying it should be a negotiation between the White House and McCarthy.
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Biden, McCarthy speak on debt ceiling deal, differences remainHouse Speaker Kevin McCarthy said there was progress in talks with President Joe Biden on raising the government’s debt ceiling as the nation faces risk of default in little more than a week
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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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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 speak on debt crisis, one GOP negotiator says ‘thorny issues’ remainBoth sides raced to strike an agreement that would resolve the looming debt crisis ahead of a June 5 deadline and avert a catastrophic U.S. default.
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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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