US EditionSpending 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.
30 Articles
30 Articles
What’s next on the debt ceiling: Selling the plan and making a deal into a law - Georgia Asian Times
Washington DC, May 28, 2023 – 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 i…
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 […]
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