Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden
1 year, 6 months ago

Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden

LA Times  

Days away from a default crisis, the Capitol is illuminated as the Senate works into the night to finish votes on amendments on the big debt ceiling and budget cuts package. Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Biden’s desk to become law before the fast-approaching deadline. Overall, the 99-page bill restricts spending for the next two years, suspends the debt ceiling into January 2025 and changes some policies, including imposing new work requirements for older Americans receiving food aid and greenlighting an Appalachian natural gas line that many Democrats oppose. “What the House did is wrong.” They secured an agreement from Schumer, which he read on the floor, stating that the debt ceiling deal “does nothing” to limit the Senate’s ability to approve other emergency supplemental funds for national security, including for Ukraine, or for disaster relief and other issues of national importance. In a surprise that complicated Republicans’ support, however, the CBO said their drive to impose work requirements on older Americans receiving food stamps would end up boosting spending by $2.1 billion over the period.

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History of this topic

House approves funding bill, sends to Senate hours before government shutdown deadline
3 days ago

House approves funding bill, sends to Senate hours before government shutdown deadline

New Indian Express  

The new 118-page package would fund the government at current levels through March and adds $100 billion in disaster aid and $10 billion in agricultural assistance to farmers. The federal debt limit expires Jan. 1, and Trump doesn't want the first months of his new administration saddled with tough negotiations in Congress to lift the nation's borrowing capacity. “Congress must …

Democrats dodge a debt ceiling deal
5 days ago

Democrats dodge a debt ceiling deal

Politico  

“Let’s get rid of the debt limit. As much as Democrats would love to disarm this particular legislative time bomb, they’re not in any mood to negotiate with Republicans after Trump and billionaire ally Elon Musk sabotaged the prior deal to keep the government open and provide billions in disaster and farm relief. Rep. Brad Schneider, the incoming chair of …

Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.
1 year, 3 months ago

Speaker McCarthy is giving hard-right Republicans what they want. But it never seems to be enough.

Associated Press  

WASHINGTON — Staring down a fast-approaching government shutdown that threatens to disrupt life for millions of Americans, Speaker Kevin McCarthy has turned to a strategy that so far has preserved his tenuous hold on House leadership but also marked it by chaos: giving hard-right lawmakers what they want. “Because shutting down — and having border agents not be paid, your …

GOP accused of breaking debt ceiling deal and 'threatening a government shutdown'
1 year, 6 months ago

GOP accused of breaking debt ceiling deal and 'threatening a government shutdown'

Raw Story  

The top Democrat on the House Appropriations Committee accused her Republican colleagues on Thursday of increasing the likelihood of a government shutdown by approving spending numbers below the levels set under the bipartisan debt ceiling agreement, which hasn't even been law for two weeks. In an appearance on CNN, Rep. Rosa DeLauro said House Republicans have already "walked away from …

Hard-line conservatives demand concessions from House Speaker McCarthy in debt-ceiling standoff
1 year, 6 months ago

Hard-line conservatives demand concessions from House Speaker McCarthy in debt-ceiling standoff

Hindustan Times  

Hard-line conservatives angered by House Speaker Kevin McCarthy’s debt-ceiling deal are demanding power-sharing and budget-cutting concessions from him in exchange for allowing legislation to move on the House floor. U.S. House Speaker Kevin McCarthy speaks to reporters on Capitol Hill in Washington, U.S., June 8, 2023. REUTERS/Amanda Andrade-Rhoades/ In agreeing Monday to temporarily lift a nearly week-long blockade of the …

GOP conservatives shutter House to protest McCarthy-Biden debt deal, setting up next budget brawl
1 year, 6 months ago

GOP conservatives shutter House to protest McCarthy-Biden debt deal, setting up next budget brawl

Associated Press  

WASHINGTON — In fallout from the debt ceiling deal, Speaker Kevin McCarthy is suddenly confronting a new threat to his power as angry hard-right conservatives bring the House chamber to a halt, reviving their displeasure over the compromise struck with President Joe Biden and demanding deeper spending cuts ahead. It’s all setting the stage for a potentially disastrous showdown ahead, …

House conservatives block GOP bills, voice frustration in response to last week’s debt ceiling vote
1 year, 6 months ago

House conservatives block GOP bills, voice frustration in response to last week’s debt ceiling vote

Associated Press  

WASHINGTON — House conservatives staged a mini-revolt Tuesday in retaliation for Speaker Kevin McCarthy’s leadership on last week’s vote to raise the debt ceiling, the right wing banding together to block progress on a mixture of bills and vent their frustration. “The debt limit last week displayed just how far House Republicans have come as a team.” What led the …

Biden set to sign debt ceiling bill that averts prospect of unprecedented federal default
1 year, 6 months ago

Biden set to sign debt ceiling bill that averts prospect of unprecedented federal default

The Hindu  

President Joe Biden is expected to sign legislation on Saturday to raise the debt ceiling, dodging Monday's deadline when the Treasury warned that the United States would start running short of cash to pay all its bills. The agreement was hashed out by Mr. Biden and House Speaker Kevin McCarthy, giving Republicans some of their demanded federal spending cuts but …

5 Takeaways From The Debt Ceiling Drama
1 year, 6 months ago

5 Takeaways From The Debt Ceiling Drama

Huff Post  

LOADING ERROR LOADING WASHINGTON ― President Joe Biden will sign the Fiscal Responsibility Act into law on Saturday, capping weeks of congressional drama with a surprisingly dull end to a standoff that risked a worldwide economic catastrophe. Both sides kept their word.” The painstaking negotiations that drove headlines in Washington for months revealed several things about Republicans, Democrats and Biden’s …

How Biden and McCarthy struck a debt limit deal and staved off a catastrophe
1 year, 6 months ago

How Biden and McCarthy struck a debt limit deal and staved off a catastrophe

Associated Press  

WASHINGTON — It was advice that Mitch McConnell had offered to Joe Biden once already: To resolve the debt limit standoff, he needed to strike a deal with House Speaker Kevin McCarthy — and McCarthy alone. I told you then, it’s not how you start, it’s how you finish.” This account of the weeks-long saga of how Washington defused the …

Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden
1 year, 6 months ago

Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden

Associated Press  

WASHINGTON — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden’s desk to become law before the fast-approaching deadline. Senate Majority Leader Chuck Schumer said ahead of voting that the …

Explained: How 'odd pair', Joe Biden and Kevin McCarthy, helped avert US debt default
1 year, 6 months ago

Explained: How 'odd pair', Joe Biden and Kevin McCarthy, helped avert US debt default

Firstpost  

Like bomb squad technicians who just snipped the last wire on a ticking device, Joe Biden and top Republican Kevin McCarthy are breathing a sigh of relief after reaching a deal on the US debt ceiling. On 27 May 2023, Biden and McCarthy reached a debt ceiling deal to avert US default. Biden is a Democratic president running for re-election …

Just Days To Spare, Senate Gives Final Approval To Debt Ceiling Deal, Sending It To Biden
1 year, 6 months ago

Just Days To Spare, Senate Gives Final Approval To Debt Ceiling Deal, Sending It To Biden

Huff Post  

LOADING ERROR LOADING WASHINGTON — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden's desk to become law before the fast-approaching deadline. Senate Majority Leader Chuck Schumer said the bill's …

US debt deal passes House vote: How this is a big win for McCarthy
1 year, 6 months ago

US debt deal passes House vote: How this is a big win for McCarthy

Firstpost  

When the debt limit fight began, it was widely assumed that House Speaker Kevin McCarthy, untested and inexperienced in high-stakes negotiations, would either preside over an economically and politically calamitous government default or lose his hard-won post in a right-wing mutiny after caving to Democrats. With House approval Wednesday night of the debt-limit package he personally negotiated with President Joe …

House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate
1 year, 6 months ago

House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate

Associated Press  

WASHINGTON — Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent. Tensions ran high throughout the day as hard-right Republicans refused the deal, while Democrats said “extremist” …

Debt Ceiling Deal Clears House On Bipartisan Vote; Senate Up Next
1 year, 6 months ago

Debt Ceiling Deal Clears House On Bipartisan Vote; Senate Up Next

Huff Post  

LOADING ERROR LOADING The bill to raise the government’s limit on borrowing and trim the federal budget deficit passed the House late Wednesday, leaving the Senate the last obstacle to avoiding a debt default. “We produced a bill that — in divided government — takes a step towards smaller government, less regulation, more economic growth, and more take-home pay,” McCarthy …

US debt ceiling bill passes House with broad bipartisan support
1 year, 6 months ago

US debt ceiling bill passes House with broad bipartisan support

India Today  

A divided US House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default. READ | US debt ceiling deal ready to head to Congress, says Biden as cash runs low Republicans control the House by …

Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approval
1 year, 6 months ago

Debt limit deal heads to vote in full House while McCarthy scrambles for GOP approval

Associated Press  

WASHINGTON — Under fire from conservatives, House Speaker Kevin McCarthy worked furiously Tuesday to sell fellow Republicans on the debt ceiling and budget deal he negotiated with President Joe Biden and win approval in time to avert a potentially disastrous U.S. default. Overall the 99-page package restricts spending for the next two years, lifts the debt limit and includes policy …

‘It Rewards The Hostage-Taking’: Progressives Fume At Biden's Deal With GOP
1 year, 6 months ago

‘It Rewards The Hostage-Taking’: Progressives Fume At Biden's Deal With GOP

Huff Post  

LOADING ERROR LOADING WASHINGTON — Progressive lawmakers are seething at President Joe Biden’s deal with House Republicans for raising the debt ceiling, warning that it could normalize taking the nation’s economy hostage for years to come. The Republicans are demanding changes that they cannot get through the ordinary democratic process because they’re not supported by the American people.” “The minute …

House approves the Biden-McCarthy debt ceiling bill as default deadline looms
1 year, 6 months ago

House approves the Biden-McCarthy debt ceiling bill as default deadline looms

NPR  

House approves the Biden-McCarthy debt ceiling bill as default deadline looms Enlarge this image toggle caption Drew Angerer/Getty Images Drew Angerer/Getty Images House lawmakers have passed a piece of compromise legislation brokered between President Biden and House Speaker Kevin McCarthy to avoid an unprecedented debt default with just days to spare. But sitting with one House, with a Democratic Senate …

US House of Representatives votes ‘yes’ on debt-ceiling deal
1 year, 6 months ago

US House of Representatives votes ‘yes’ on debt-ceiling deal

Al Jazeera  

Speaker Kevin McCarthy faced opposition in his own party to a deal hammered out with the White House to avoid default. “This agreement is good news for the American people and the American economy,” Biden said after the bill passed the Republican-controlled house. “I urge the Senate to pass it as quickly as possible so that I can sign it …

House approves bipartisan deal to suspend debt limit, reducing fear of U.S. default
1 year, 6 months ago

House approves bipartisan deal to suspend debt limit, reducing fear of U.S. default

LA Times  

House Speaker Kevin McCarthy leaves the chamber after passage of a crucial procedural vote on the debt ceiling and budget cuts package he negotiated with President Biden. “Democrats voting for the rule because he couldn’t get the vote for the rule.” In a rare demonstration of their differences on policy, the three House Democrats vying to replace Sen. Dianne Feinstein …

House to vote on McCarthy-Biden compromise debt deal, a key test for speaker
1 year, 6 months ago

House to vote on McCarthy-Biden compromise debt deal, a key test for speaker

NPR  

House to vote on McCarthy-Biden compromise debt deal, a key test for speaker Enlarge this image toggle caption Kevin Dietsch/Getty Images Kevin Dietsch/Getty Images After weeks of negotiations between the White House and House Speaker Kevin McCarthy, the House is set to vote Wednesday night on a compromise bill to lift the debt ceiling, as lawmakers race against the clock …

America’s debt-ceiling deal means it should now avoid Armageddon
1 year, 6 months ago

America’s debt-ceiling deal means it should now avoid Armageddon

Hindustan Times  

Even in a sharply divided Washington, DC, politics-as-usual sometimes works. The consequences of a debt default, the first in America’s modern history, would be dire: the shock from disruption in the biggest sovereign-debt market, accounting for about one-third of the global total and underpinning pricing in financial markets everywhere, threatened to reverberate through every economy around the world. The gravity …

Why McCarthy and Biden both stand to gain from the debt deal — if they can get it passed
1 year, 6 months ago

Why McCarthy and Biden both stand to gain from the debt deal — if they can get it passed

LA Times  

President Biden and House Speaker Kevin McCarthy have different reasons for striking a debt deal, but both men stand to benefit politically. Despite the sharp rhetoric leading up to last weekend’s debt and budget agreement, both House Speaker Kevin McCarthy and President Biden stand to benefit politically. “But we made it clear at the outset of this Congress that we …

US debt ceiling deal: the key takeaways
1 year, 6 months ago

US debt ceiling deal: the key takeaways

Raw Story  

President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default. The crux of it Formally known as the Fiscal Responsibility Act of 2023, the bill provides for an increase to the debt ceiling of $31.4 trillion for two years, meaning Biden will crucially not need to negotiate it again …

Key takeaways from Biden and McCarthy's debt ceiling deal
1 year, 6 months ago

Key takeaways from Biden and McCarthy's debt ceiling deal

Firstpost  

There’s a nervous air in the United States as the deadline to increase the debt ceiling approaches. On Saturday, they reached a crucial agreement to raise the government’s debt ceiling, avoiding a disastrous default. AFP Unspent COVID money The deal would also take back some funding that Congress allocated for the coronavirus pandemic but did not spend. A statement from …

Debt ceiling tests Speaker McCarthy as he rides breezily through high-wire act of his career
1 year, 6 months ago

Debt ceiling tests Speaker McCarthy as he rides breezily through high-wire act of his career

Associated Press  

WASHINGTON — One morning during the debt ceiling crisis, House Speaker Kevin McCarthy climbed onto his mountain bike and took a ride along the National Mall, marveling at the monuments. The White House refused initially to engage with McCarthy over the debt ceiling, insisting Congress must simply do its job, raise the nation’s debt limit and skip the political brinksmanship. …

Biden says final US debt ceiling deal ready for Congress vote
1 year, 6 months ago

Biden says final US debt ceiling deal ready for Congress vote

Al Jazeera  

US president and House Speaker Kevin McCarthy confident they will be able to get enough support to avert unprecedented default. United States President Joe Biden has finalised an agreement with House Speaker Kevin McCarthy to raise the debt ceiling over two years until January 1, 2025, saying the deal is ready to move to Congress for a vote. “Takes the …

Opinion: Don't call the debt-ceiling deal a success. It shouldn't have been a crisis at all
1 year, 6 months ago

Opinion: Don't call the debt-ceiling deal a success. It shouldn't have been a crisis at all

LA Times  

Hous Speaker Kevin McCarthy speaks with reporters about the debt-ceiling negotiations as he arrives at the Capitol on Friday. Here’s what would make this whole mess worth it: Adding a provision to repeal or neutralize the World War I-era law that created the debt limit in the first place. Biden, ever the tradition-bound deal-maker, said last October as Democrats talked …

Biden, McCarthy reach tentative deal to raise debt ceiling, avoid calamitous U.S. default
1 year, 6 months ago

Biden, McCarthy reach tentative deal to raise debt ceiling, avoid calamitous U.S. default

The Hindu  

President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation's legal debt ceiling late on Saturday as they raced to strike a deal to limit federal spending and avert a potentially disastrous U.S. default. Mr. Biden called the agreement “good news for the American people, because it prevents what could have been a …

Biden, GOP Reach Tentative Deal To Raise Debt Ceiling, Avoid Calamitous US Default
1 year, 6 months ago

Biden, GOP Reach Tentative Deal To Raise Debt Ceiling, Avoid Calamitous US Default

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation’s legal debt ceiling late Saturday as they raced to strike a deal to limit federal spending and avert a potentially disastrous U.S. default. Biden called the agreement “good news for the American people, because it prevents what could …

Biden, McCarthy reach tentative deal to raise US debt ceiling
1 year, 6 months ago

Biden, McCarthy reach tentative deal to raise US debt ceiling

Al Jazeera  

Deal raises debt limit for two years while capping some spending, but uncertainty remains on whether it can pass Congress. US President Joe Biden and House Speaker Kevin McCarthy have reached a tentative deal to raise the federal government’s $3.4 trillion debt ceiling days ahead of a deadline to avert a potentially catastrophic default. The agreement on Saturday would raise …

Biden says debt deal ‘very close’ with default deadline now set at June 5
1 year, 6 months ago

Biden says debt deal ‘very close’ with default deadline now set at June 5

Associated Press  

WASHINGTON — President Joe Biden said a deal to resolve the government’s debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic default was pushed back to June 5 and seemed likely to drag negotiations between the White House and Republicans into another frustrating week. As talks pushed into another late night, one of …

Biden and McCarthy discuss debt crisis as GOP negotiator says ‘thorny issues’ remain
1 year, 6 months ago

Biden and McCarthy discuss debt crisis as GOP negotiator says ‘thorny issues’ remain

LA Times  

President Biden and House Speaker Kevin McCarthy spoke directly Saturday evening as they raced to strike an agreement to resolve the looming debt crisis ahead of a June 5 deadline and avert a catastrophic U.S. default. Some of those outstanding issues, he said, “the president and speaker have to resolve at that level.” The Republican House speaker gathered top allies …

Biden and McCarthy reach last-minute deal to raise U.S. debt limit
1 year, 6 months ago

Biden and McCarthy reach last-minute deal to raise U.S. debt limit

LA Times  

President Biden and House Speaker Kevin McCarthy reached what both men called an “agreement in principle” on Saturday to raise the federal government’s borrowing limit and cut some spending, as they sought to end a months-long stalemate that brought the government to the brink of defaulting on its credit for the first time. McCarthy said that he and Biden had …

Debt ceiling explained: What to know about the showdown in Washington as default looms
1 year, 6 months ago

Debt ceiling explained: What to know about the showdown in Washington as default looms

Associated Press  

WASHINGTON — House Republicans still do not have a deal with President Joe Biden to raise the debt ceiling as the nation is a little more than a week away from a potentially catastrophic default. Louisiana Rep. Garret Graves, one of McCarthy’s negotiators, told reporters that “Democrats right now are willing to default on the debt” over their opposition to …

Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal
1 year, 6 months ago

Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal

Associated Press  

WASHINGTON — House Republicans pushed debt ceiling talks to the brink Thursday, displaying risky political bravado in leaving town for the holiday weekend just days before the U.S. could face an unprecedented default hurling the global economy into chaos. At the Capitol, Speaker Kevin McCarthy said “every hour matters” in talks with President Joe Biden’s team as they try to …

Debt ceiling deadline is extended to June 5, Yellen says
1 year, 6 months ago

Debt ceiling deadline is extended to June 5, Yellen says

LA Times  

House Speaker Kevin McCarthy talks to reporters about the debt limit negotiations at the Capitol in Washington. Earlier Friday, House Speaker Kevin McCarthy said Republican debt negotiators and the White House had hit “crunch” time and were straining to wrap up a deal with President Biden to curb federal spending and lift the nation’s borrowing limit before the deadline. In …

US debt ceiling has catastrophic effects- 83 lakh job losses, world recession I EXPLAINED
1 year, 6 months ago

US debt ceiling has catastrophic effects- 83 lakh job losses, world recession I EXPLAINED

India TV News  

US Debt ceiling row: Amid the looming catastrophic recession, US President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation’s debt ceiling and staving off an economically devastating government default. White House estimates say a prolonged default could cause 8.3 million job losses …

‘Time’s up’: Deal on US debt ceiling close as default looms
1 year, 6 months ago

‘Time’s up’: Deal on US debt ceiling close as default looms

Al Jazeera  

A default could upend global financial markets and push the United States into a major recession. US 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 programmes, news reports say. The potential agreement would increase funding for …

Conservatives Furious As Lawmakers Close In On Debt Limit Deal
1 year, 6 months ago

Conservatives Furious As Lawmakers Close In On Debt Limit Deal

Huff Post  

LOADING ERROR LOADING WASHINGTON — Hard-line conservative Republicans are anxious about a possible deal between House Speaker Kevin McCarthy and President Joe Biden that would avert a catastrophic debt default. “I am concerned about rumors to the effect — and I haven’t read or seen anything yet — but rumors that we may have some sort of a deal in …

Debt ceiling standoff 'not my fault,' says House Speaker Kevin McCarthy as White House warns of economic risks
1 year, 6 months ago

Debt ceiling standoff 'not my fault,' says House Speaker Kevin McCarthy as White House warns of economic risks

Firstpost  

A stubborn House Speaker Kevin McCarthy asserted that the debt ceiling crisis was “not my fault” on Wednesday as he dispatched Republican negotiators to the White House to wrap up negotiations. The White House blamed the Republicans led by McCarthy for risking a devastating default that would hit “every single part of the country” as they demand “extreme” spending cuts …

McCarthy's Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend
1 year, 6 months ago

McCarthy's Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A defiant House Speaker Kevin McCarthy said the debt ceiling standoff was “not my …

McCarthy says debt ceiling standoff ‘not my fault,’ as White House warns of economic risks
1 year, 6 months ago

McCarthy says debt ceiling standoff ‘not my fault,’ as White House warns of economic risks

Associated Press  

WASHINGTON — A defiant House Speaker Kevin McCarthy said Wednesday the debt ceiling standoff was “not my fault” as he sent Republican negotiators to the White House to finish out talks, but warned the two sides need more time as they try to reach a budget deal with President Joe Biden. The White House blamed the Republicans led by McCarthy …

Column: When Kevin McCarthy’s spending cuts get spelled out, even Republicans balk
1 year, 6 months ago

Column: When Kevin McCarthy’s spending cuts get spelled out, even Republicans balk

LA Times  

Whether you’re for the demand by House Republicans for deep spending cuts as a condition for raising the nation’s debt ceiling or you’re against it, there are some things you should know in assessing their gambit. Perhaps the single most important fact is this: While Speaker Kevin McCarthy likes to claim that his debt limit bill would break Democrats’ “addiction …

Debt ceiling talks grind on, but Republicans say there’s a ‘lack of urgency’ from White House
1 year, 6 months ago

Debt ceiling talks grind on, but Republicans say there’s a ‘lack of urgency’ from White House

Associated Press  

WASHINGTON — Debt ceiling talks showed few signs of outward progress Tuesday as negotiators for President Joe Biden and House Speaker Kevin McCarthy traded more budget-cutting ideas but Republicans warned of a “lack of urgency” at the White House to resolve the standoff in time to avert a potentially chaotic federal default. “We’re not there yet,” McCarthy said at the …

No debt ceiling agreement, but Biden and McCarthy call White House talks productive
1 year, 7 months ago

No debt ceiling agreement, but Biden and McCarthy call White House talks productive

Associated Press  

WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy both said they had a productive debt ceiling discussion late Monday at the White House, but there was no agreement as negotiators strained to raise the nation’s borrowing limit in time to avert a potentially chaotic federal default. In a brief post-meeting statement, Biden called the session productive but merely …

High-stake debt ceiling negotiations: Biden and McCarthy seek resolution amid mounting tensions
1 year, 7 months ago

High-stake debt ceiling negotiations: Biden and McCarthy seek resolution amid mounting tensions

Hindustan Times  

U.S. President Joe Biden and White House Speaker Kevin McCarthy engaged in a crucial one-on-one meeting on Monday to address the pressing issue of avoiding a potentially catastrophic government debt default. WASHINGTON, DC - MAY 22: U.S. House Speaker Kevin McCarthy talks to reporters outside his office at the Capitol following a meeting with President Joe Biden on May 22, …

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