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 for risking a devastating default that would hit “every single part of the country” as they demand “extreme” spending cuts that would hurt millions of Americans. “I want to work as hard as we can and not stop.” Debt ceiling negotiations are locked on a classic problem that has divided and disrupted Washington before, particularly the last time Republicans used the borrowing limit as leverage to extract priorities a decade ago: Republicans want to roll back federal government spending, while Biden and other Democrats do not. From the White House, Press Secretary Karine Jean-Pierre decried what the administration called a “manufactured crisis” set in motion by Republicans pushing “extreme proposals” that would hurt “every single part of the country, whether you’re in a red state or a blue state.” Time is short to strike a deal.

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History of this topic

Dozens of Senate Republicans may oppose Trump's top demand: GOP senator
4 days, 15 hours ago

Dozens of Senate Republicans may oppose Trump's top demand: GOP senator

Raw Story  

President-elect Donald Trump has made either significantly raising the debt ceiling or eliminating it all together his top demand in the current standoff over government funding. Indeed, the MAGA leader touted Thursday that he struck a new deal with House Republicans on a spending bill that would punt the debt ceiling for two years. As Raju wrote on X, Sen. …

Democrats dodge a debt ceiling deal
5 days, 13 hours 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 …

The House GOP Is a Failed State
1 year, 2 months ago

The House GOP Is a Failed State

Politico  

At the start, his speakership was effectively an optical illusion. The politics of contempt so skillfully exploited by Donald Trump is turned inward on hapless would-be leaders like McCarthy with no less ferocity than it is turned outward on liberals and the media. McCarthy didn’t draw interest in his political dramas in the fashion of John Boehner, whose chain-smoking and …

Top US House Republican McCarthy vows to survive threat for avoiding shutdown
1 year, 2 months ago

Top US House Republican McCarthy vows to survive threat for avoiding shutdown

Live Mint  

Top US House Republican Kevin McCarthy expected to survive a threat to his speakership after a hardline critic within his party called for his ouster following the passage of a stopgap government funding bill that drew more support from Democrats than Republicans, he said on Saturday. Speaking to multiple US media outlets, Harline Republican Representative Matt Gaetz said he could …

News Analysis: Kevin McCarthy avoided a government shutdown. But the fiasco shows he’s weaker than ever
1 year, 2 months ago

News Analysis: Kevin McCarthy avoided a government shutdown. But the fiasco shows he’s weaker than ever

LA Times  

House Speaker Kevin McCarthy, talking to reporters Tuesday, had to rely on Democratic votes to pass Saturday’s bill that prevented a government shutdown. In a floor speech ahead of the Senate vote Saturday, Senate Minority Leader Mitch McConnell said that his caucus will “remain committed to help our friends on the front line,” and that he was “confident the Senate …

Hard-Right Republicans Reject McCarthy's Last-Ditch Effort To Avert US Govt Shutdown
1 year, 2 months ago

Hard-Right Republicans Reject McCarthy's Last-Ditch Effort To Avert US Govt Shutdown

ABP News  

US House Speaker Kevin McCarthy's eleventh-hour attempt to temporarily avert a federal government shutdown collapsed on Friday, with hard-right Republican holdouts rejecting the proposed package. The proposal, which included deep spending cuts of nearly 30% for numerous agencies and stringent border security provisions, was deemed inadequate by the hard-right faction, as per AP's report. With just one day left before …

McCarthy’s last-ditch plan to keep the government open collapses, making a shutdown almost certain
1 year, 2 months ago

McCarthy’s last-ditch plan to keep the government open collapses, making a shutdown almost certain

LA Times  

Speaker Kevin McCarthy speaks to the media about efforts to avert a looming government shutdown at the Capitol on Friday. House Speaker Kevin McCarthy‘s last-ditch plan to keep the federal government temporarily open collapsed in dramatic fashion Friday as a robust faction of hard-right holdouts rejected the package, making a shutdown almost certain. Asked if he had the votes, McCarthy …

McCarthy rejects Senate spending bill while scrambling for a House plan that averts a shutdown
1 year, 2 months ago

McCarthy rejects Senate spending bill while scrambling for a House plan that averts a shutdown

Associated Press  

WASHINGTON — A government shutdown appeared all but inevitable as House Speaker Kevin McCarthy dug in Thursday, vowing he will not take up Senate legislation designed to keep the federal government fully running despite House Republicans’ struggle to unite around an alternative. I’ve got time to do other things,” McCarthy told reporters Thursday evening at the Capitol, adding, “At the …

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 …

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

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

LA Times  

House Speaker Kevin McCarthy’s strategy has preserved his tenuous hold on his post, but has also marked it by chaos — including a fast-approaching government shutdown that threatens to disrupt life for millions of Americans. “Because shutting down — and having border agents not be paid, your Coast Guard not get paid — I don’t see how that’s good.” Governing …

McCarthy struggles to pass a temporary spending bill to avoid a shutdown as others look at options
1 year, 3 months ago

McCarthy struggles to pass a temporary spending bill to avoid a shutdown as others look at options

Associated Press  

WASHINGTON — With no clear strategy, no sure support and not much time left, House Speaker Kevin McCarthy nevertheless vowed Wednesday he would not give up trying to persuade his colleagues to pass a temporary funding bill to prevent a federal government shutdown. The hard-right bill, with steep 8% cuts to many services, would be rejected by the Senate, where …

Kevin McCarthy and House Republicans will own this shutdown
1 year, 3 months ago

Kevin McCarthy and House Republicans will own this shutdown

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Back in …

Opinion: Watch as Kevin McCarthy puts on 'impeachment theater' while the government teeters
1 year, 3 months ago

Opinion: Watch as Kevin McCarthy puts on 'impeachment theater' while the government teeters

LA Times  

House Speaker Kevin McCarthy holds a news conference at the Capitol in Washington as the House prepares to leave for its August recess. Last spring House Speaker Kevin McCarthy rightly got props from folks across the political spectrum, myself included, for compromising with President Biden to raise the nation’s debt limit and thereby avert economic armageddon. As Florida Man Rep. …

'Reckless brinksmanship': McCarthy blamed for 'bizarre and inept' US credit downgrade
1 year, 4 months ago

'Reckless brinksmanship': McCarthy blamed for 'bizarre and inept' US credit downgrade

Raw Story  

On the evening of Monday, August 1st, 2023, FitchRatings lowered the United States' credit "default rating" from 'AAA' to 'AA+', which the agency stated, "reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to 'AA' and 'AAA' rated peers over the last two decades that …

Members of Congress break for August with no clear path to avoiding a shutdown this fall
1 year, 4 months ago

Members of Congress break for August with no clear path to avoiding a shutdown this fall

Associated Press  

WASHINGTON — Lawmakers broke for their August recess this week with work on funding the government largely incomplete, fueling worries about whether Congress will be able to avoid a partial government shutdown this fall. “We should not fear a government shutdown,” said Rep. Bob Good, R-Va. “Most of the American people won’t even miss if the government is shut down …

21 far-right Republicans demand Kevin McCarthy shutdown the government in budget negotiations
1 year, 5 months ago

21 far-right Republicans demand Kevin McCarthy shutdown the government in budget negotiations

Raw Story  

In a letter to Speaker Kevin McCarthy, 21 members of his own GOP caucus listed their demands to support any appropriations bill. According to the letter, “We plan to vote against any appropriations bills" that don't remove the debt ceiling "deal" that the House and the President agreed to earlier this year. Finally, they say, "Through continued conversations, we will …

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 …

Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right
1 year, 6 months ago

Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right

Associated Press  

WASHINGTON — House Speaker Kevin McCarthy is nothing if not a political survivor. And perhaps most importantly for McCarthy, who has worked hard to maintain a relationship with Donald Trump, the former president gave a subdued nod of approval to the deal struck by the ally he used to affectionately call “My Kevin.” “I would have taken the default if …

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 …

What is the US debt ceiling and what is in the Biden-McCarthy deal?
1 year, 6 months ago

What is the US debt ceiling and what is in the Biden-McCarthy deal?

The Telegraph  

What is the US debt ceiling? Congress passes new spending bills that will increase the debt level, but the debt ceiling is not raised until it is about to be breached. Past debt ceiling fights have typically ended with a hastily arranged agreement in the final hours of negotiations, thus avoiding a default. “That’s the responsibility of governing.” The agreement …

McCarthy proved he’s a stronger House speaker than many expected. But GOP is split over cutting government
1 year, 6 months ago

McCarthy proved he’s a stronger House speaker than many expected. But GOP is split over cutting government

LA Times  

House Speaker Kevin McCarthy leaves the chamber Wednesday after winning a crucial procedural vote on the debt ceiling and budget package he negotiated with President Biden. A win, but with limits By parceling out significant authority to each of the major factions in the House majority — the “five families,” as Republicans have taken to calling them — McCarthy gave …

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 …

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 …

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 …

After Calling Joe Biden Senile, Republicans Complain He Outsmarted Them
1 year, 6 months ago

After Calling Joe Biden Senile, Republicans Complain He Outsmarted Them

Huff Post  

LOADING ERROR LOADING WASHINGTON ― In March, House Speaker Kevin McCarthy’s colleagues laughed as the California Republican mocked President Joe Biden’s age, saying he would bring Biden “soft food” so they could negotiate over the debt ceiling. “Republicans got outsmarted by a President who can’t find his pants,” Rep. Nancy Mace tweeted on Tuesday, making clear she opposed the compromise …

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 …

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 …

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 …

Matt Gaetz warns Kevin McCarthy’s deal could be a ‘black letter’ violation that triggers removal
1 year, 6 months ago

Matt Gaetz warns Kevin McCarthy’s deal could be a ‘black letter’ violation that triggers removal

Raw Story  

Rep. Kevin McCarthy may have enough votes to usher his debt ceiling deal through Congress, but it could cost the House Speaker his job. Rep. Matt Gaetz on Tuesday suggested that, regardless of the outcome of the debt ceiling deal vote, if a majority of Republicans oppose the deal, that would be a “black letter violation” that would likely leave …

Lauren Boebert throws tantrum over debt deal: 'That's the end of Kevin McCarthy's speakership'
1 year, 6 months ago

Lauren Boebert throws tantrum over debt deal: 'That's the end of Kevin McCarthy's speakership'

Raw Story  

Rep. Lauren Boebert on Tuesday did not rule out a motion to vacate the chair in an attempt to remove Kevin McCarthy as speaker over a deal that would raise the U.S. debt ceiling. During an appearance on Steve Bannon's War Room podcast, Boebert accused McCarthy of a "violation" of his promises because amendments were not being allowed in the …

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 …

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 agreement gets thumbs up from business groups, jeers from some on political right
1 year, 6 months ago

Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right

Associated Press  

WASHINGTON — The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy. Rep. Annie Kuster, D-N.H., and chair of a center-left group known as the New Dems, which has roughly 100 members, said the group is “confident” that White House negotiators delivered a “viable, bipartisan …

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. …

As per your politics, debt ceiling plan is good or a ‘disaster’
1 year, 6 months ago

As per your politics, debt ceiling plan is good or a ‘disaster’

Al Jazeera  

While some of the US Congress’s most conservative members are not happy with the deal, business groups gave it a thumbs-up. She called the debt ceiling agreement a “terrible policy” Sunday on CNN’s State of the Union programme. I told the president that directly, when he called me last week on Wednesday, that this is saying to poor people and …

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 …

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 …

Race for U.S. debt deal as talks go to the wire
1 year, 6 months ago

Race for U.S. debt deal as talks go to the wire

The Hindu  

Democrats and Republicans seemed within grasping distance Saturday of a deal to end the U.S. debt ceiling standoff, with both sides playing hardball in the final race for an agreement to avert a potentially catastrophic default. President Joe Biden gave the strongest sign yet on Friday night that the drama in Washington might be drawing to an end — saying …

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