US EditionWhat'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.
180 Articles
180 Articles
Debt ceiling deal: What’s in, what’s out of the bill to avert US default
WASHINGTON (AP) — The details of the deal between President Joe Biden and House Speaker Kevin McCarthy were released Sunday in the form of a 99-page bill that would suspend the nation’s debt limit through 2025 to avoid a federal…
Debt ceiling deal: What’s in, what’s out of the bill to avert US default - American Press
The details of the deal between President Joe Biden and House Speaker Kevin McCarthy were released Sunday in the form of a 99–page bill that would suspend the nation’s debt limit through 2025 to avoid a federal default while limiting government spending. The Democratic president and Republican speaker are trying to win over lawmakers to the plan in time to avert a default that would shake the global economy. But Congress will be scrutinizing and…
Debt ceiling deal: What’s in, what’s out of the bill to avert US default
WASHINGTON (AP) — The details of the deal between President Joe Biden and House Speaker Kevin McCarthy were released Sunday in the form of a 99-page bill that would suspend the nation’s debt limit through 2025 to avoid a federal…
Debt ceiling deal: What’s in, what’s out of the bill to avert US default
WASHINGTON (AP) — The details of the deal between President Joe Biden and House Speaker Kevin McCarthy were released Sunday in the form of a 99-page bill that would suspend the nation’s debt limit through 2025 to avoid a federal default while limiting government spending. The Democratic president and Republican speaker are trying to win over lawmakers to the plan in time to avert a default that would shake the global economy. But Congress will b…
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