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Now, with default still on the table for 2025, the next step in that process starts on Jan. 1 when — as per a 2023 agreement between President Joe Biden and then-House Speaker Kevin McCarthy ...
President Joe Biden and House Speaker Kevin McCarthy have a tentative agreement that will raise the debt ceiling and end their standoff just days before a possible US default.. The deal, if ...
The deal, in enacted by Congress, would take the volatile issue off the table beyond the next presidential election.
Bill passed after senators rejected 11 proposed amendments
WASHINGTON — A major debt ceiling bill negotiated by President Joe Biden and House Speaker Kevin McCarthy passed its first test Tuesday, gaining approval from the Republican-led House Rules ...
Speaker of the House Kevin McCarthy, R-Calif., walks to the House chamber at the Capitol in Washington, Wednesday, May 31, 2023. as the House moves toward passage of the debt limit bill.
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 ...
WASHINGTON (AP) — The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy.. Even before seeing ...