Biden and McCarthy race to sell their debt ceiling deal to lawmakers before the government runs out of money
The "agreement in principle" clinched by House Republicans and the White House late Saturday to raise the nation's borrowing limit was the culmination of mad-dash negotiations over the course of the past week that regularly stretched late into the night.
2023-05-28 12:19
What's next on the debt ceiling: Selling the plan, and making a deal into a law
After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have announced an “agreement in principle” to raise the nation’s debt ceiling and avoid a potentially catastrophic default
2023-05-28 12:15
Key Takeaways From Deal Biden, GOP Sealed to Avert US Default
President Joe Biden and House Speaker Kevin McCarthy compromised on bitterly contested disputes over federal spending and assistance
2023-05-28 10:57
Factbox-What's in the debt ceiling deal Biden, McCarthy agreed?
By Steve Holland and Jarrett Renshaw WASHINGTON U.S. President Joe Biden and House Republican Speaker Kevin McCarthy on
2023-05-28 10:45
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