President Joe Biden and House Speaker Kevin McCarthy (R-KY) have reached an “agreement in principle” to raise the nation’s debt ceiling until 2024. See potential bias and similarities in coverage from NRO, Newsweek, and AP:
it projects the government would run out of money by June 5 if the debt ceiling were not raised, which would “cause severe hardship to American families,” and “harm our global leadership position,” according to its Secretary Janet Yellen.“We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of the American people.
It has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, and rein in government overreach. There are no new taxes, no new government programs.”“It is an important step forward that reduces spending while protecting critical programs for working people and growing the economy for everyone. And the agreement protects my and congressional Democrats’ key priorities and legislative accomplishments.
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Biden, GOP reach debt ceiling deal with 2-year agreement work requirementsPresident Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis. McCarthy outlined the proposed deal Saturday night. Bid…
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Biden and GOP reach tentative deal to raise debt ceiling and avoid calamitous US defaultWith the outline of an agreement, a legislative package can be drafted in time for votes in Congress next week, ahead of a projected June 5 federal default. Negotiators agreed to some Republican demands for enhanced work requirements on recipients of food stamps.
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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation’s legal debt ceiling late Saturday.
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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an 'agreement in principle' late Saturday as they raced to strike a deal to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline, the House speaker said.
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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline.
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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous U.S. defaultPresident Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis. McCarthy outlined the proposed deal Saturday night. Biden and McCarthy spoke by phone earlier in the evening as they raced to prevent a catastrophic debt default.
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