Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis
2023-05-28 10:24
Debt-Limit Deal Sets Up Tough Battle for Passage in Congress
Getting a US debt-limit deal is one thing. Overcoming entrenched political divisions and time-consuming procedural hurdles to pass
2023-05-28 10:19
Reaction: Biden, McCarthy debt ceiling deal
WASHINGTON U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise
2023-05-28 10:15
Debt ceiling deal reached between Biden and McCarthy
President Joe Biden and House Speaker Kevin McCarthy have reached a tentative agreement to avert a catastrophic and unprecedented default on America’s sovereign debt, ending a monthlong standoff that threatened the US and global economies. The White House said Mr Biden and Mr McCarthy spoke by phone for roughly 90 minutes late Saturday. The president also spoke with Democratic congressional leaders as the talks between the White House and the Republicans who control the House of Representatives entered final stages after days of back-and-forth over GOP demands to add work requirements for food assistance and other programs meant to help lower-income Americans. One source familiar with the matter described the president and the House Speaker as having come to an “agreement in principle” that would limit federal spending while raising the nation’s statutory debt limit by an amount large enough to keep the issue off the table through the November 2024 general election. More follows...
2023-05-28 09:27
White House, Republicans Reach Deal to Avert US Default
White House and Republican negotiators reached a tentative deal to raise the US debt ceiling and avert a
2023-05-28 09:18
Biden cuts deal in principle with Republicans to avert catastrophic US default
US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a...
2023-05-28 09:17
US debt ceiling: Negotiators agree a deal in principle, McCarthy says
The White House and the Republicans are now said to be ironing out details of a bill to avert a default.
2023-05-28 09:17
Biden GOP agree to 2 year budget-debt ceiling deal, work requirements for food aid
President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis
2023-05-28 09:16
Modi to Unveil New Parliament, Reshaping India’s Power Center
India’s corridors of power are getting a makeover — part of Prime Minister Narendra Modi’s efforts to cement
2023-05-28 08:53
Erdogan Seeks to Seal Victory in Run-Off for Turkish Presidency
Turkish President Recep Tayyip Erdogan is aiming to drive home an election victory to extend his rule well
2023-05-28 08:20
Too few jobs, too many workers and 'no plan B': The time bomb hidden in India's 'economic miracle'
For young Indians, there's a flip side to the so-called economic miracle: too few jobs and too much competition.
2023-05-28 07:55
South Korea to Avoid Cashing In on China’s US Chipmaker Ban
South Korea will avoid capitalizing on China’s ban on a US chipmaker, seeing the move by Beijing as
2023-05-28 07:48