WASHINGTON — U.S. President Joe Biden and House Speaker Kevin McCarthy reached an agreement Sunday for a deal to increase the government’s borrowing limit and are urging Congress to approve the legislation to avoid a first-ever default. However, progressive Democratic lawmakers from the party’s ideological left and right-wing Republicans immediately voiced opposition Sunday to the deal […]
Top White House officials and Republican lawmakers were nearing a deal Thursday evening that would raise the debt limit for two years while also limiting federal spending on all but the military and veterans, according to news reports. If the deal can be agreed upon and enacted, it would raise the government’s borrowing limit for […]
U.S. President Joe Biden, House Speaker Kevin McCarthy and other top congressional leaders appeared no closer Tuesday to a deal aimed at reaching agreement on raising the country’s debt ceiling so the government can borrow more to pay its existing obligations. The impasse comes amid dire warnings from the U.S. Treasury that a default could […]
[content id=”79272″] One progressive critic said the GOP bill is “a reflection of just how totally controlled by the fringes of his caucus McCarthy is.” Far-right House Republicans are reportedly “thrilled” with the debt ceiling legislation that Speaker Kevin McCarthy unveiled earlier this week. That’s likely because, according to Rep. Matt Gaetz (R-Fla.), McCarthy (R-Calif.) simply “picked […]