Published 11 months ago

Spending and debt ceiling plan: What’s next?

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.
The agreement includes spending cuts demanded by Republicans, a two-year budget deal that would hold spending flat for 2024 and impose limits for 2025, expansions for work requirements for food-stamp recipients and tweaks to an environmental law to streamline energy projects reviews.
McCarthy said the House will vote on Wednesday and if the deal passes both chambers without any holdups, then default should be avoided by the June 5 deadline.

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Global News

Debt ceiling deal: What are the next steps to pass the agreement into law? - National

The agreement includes spending cuts demanded by Republicans, but it is short of the reductions in the sweeping legislation passed by the Republican-led House last month.

11 months ago·Toronto, Canada

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Washington Times

Selling the debt ceiling plan and making a deal into a law: What’s next?

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.

11 months ago·United States

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The Hill

Spending and debt ceiling plan: What’s next?

President Biden and Speaker Kevin McCarthy (R-Calif.) reached an agreement in principle late Saturday to cap spending and raise the debt ceiling in an effort to avoid a potentially disastrous financial crisis. Attention is now focusing on the release of the legislative text, which is being finalized. McCarthy said that he will abide by the…

11 months ago·Washington, United States

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Coast Reporter

What's next on the debt ceiling: Selling the plan and making a deal into a law

11 months ago·Sechelt, Canada

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Star Tribune

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.

11 months ago·Minneapolis, United States

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Washington Top News

What’s next on the debt ceiling: Selling the plan and making a deal into a law

WASHINGTON (AP) — 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. The agreement includes spending cuts demanded by Republicans, but it is short of the reductions in the sweeping legislation passed by the Republican-led House last month. To reduce spending, as Republicans had insisted, th…

11 months ago·Washington, United States

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