Published 4 months ago

What's in the debt limit bill? Key provisions in the Biden-McCarthy deal to avert default

The US has finalised a budget agreement to suspend the $31.4tn debt ceiling until 1 January 2025. The deal was struck between President Joe Biden and House Speaker Kevin McCarthy and aims to prevent the US government from defaulting on its debt.
The agreement would suspend the debt limit through 1 January of 2025, cap spending in the 2024 and 2025 budgets, claw back unused Covid funds, speed up the permitting process for some energy projects and include extra work requirements for food aid programmes for poor Americans.

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Times of India

Debt-ceiling deal: What's in and what's out of the agreement to avert US default

US News: President Joe Biden and House Speaker Kevin McCarthy have reached an agreement on a two-year debt limit increase and spending limits to avoid a possib

4 months ago·India

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BBC News

What's in US debt ceiling deal and who won?

An agreement to raise the US borrowing limit is within reach. Here's our take on which side got what they wanted.

4 months ago·United Kingdom

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The Guardian

US debt ceiling deal: what’s in and out of Biden and McCarthy’s agreement

Speaker Kevin McCarthy says the House will vote Wednesday on the deal he struck with the president – here are the details of the 99-page bill Details of the deal between Joe Biden and Kevin McCarthy take the form of a 99-page bill that would suspend the nation’s debt limit into 2025 in order to avoid an unprecedented federal default, which the White House said on Monday would be “catastrophic for the American people”, while limiting government s…

4 months ago·London, United Kingdom

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The Independent

Debt-ceiling deal: What's in and what's out of the agreement to avert US default

President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation's borrowing authority and avoid a default

4 months ago·London, United Kingdom

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USA Today

What's in Biden and McCarthy's debt ceiling deal − and what's not? Here are 7 takeaways

President Joe Biden conceded on several spending cuts, but House Speaker Kevin McCarthy didn't get everything Republicans wanted either.

4 months ago·United States

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Associated Press News

Here's what's in, what's out of the debt limit bill to avert US default

The details of the deal between President Joe Biden and House Speaker Kevin McCarthy are out. The 99-page bill produced from their agreement Sunday would avoid a federal default while

4 months ago·United States

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