GOP lawmakers gathered on Capitol Hill to speak out against the so-called Fiscal Responsibility Act agreed to by Joe Biden and House Speaker Kevin McCarthy, which could increase the debt ceiling by some $4 trillion by January 2025.
Read More GOP lawmakers speak out against so-called ‘Fiscal Responsibility Act’A Capitol Hill source shares the ten accomplishments Speaker Kevin McCarthy told the House Republican conference, he and his negotiators secured from the president.
Read More Speaker McCarthy reaches deal on debt ceiling, Biden withdraws new tax proposalsHouse Speaker Kevin McCarthy hailed his “agreement in principle” with President Joe Biden to raise the U.S. debt ceiling as a “transformational” moment for the country.
Read More McCarthy: Debt ceiling deal will be ‘transformational’ for country
President Joe Biden and Speaker Kevin McCarthy will meet this afternoon on May 28th to finalize the debt ceiling agreement, and then Republicans will release the legislative bill, according to House Democrat Leader Hakeem Jeffries who had informed the Democrat caucus of the news in a letter on Sunday.
Read More McCarthy and Biden set to complete debt ceiling agreement on SundayPresident Joe Biden says an agreement on the debt ceiling is “very close” as he left for Camp David Friday.
Read More Biden Teases Deal on Debt Ceiling, Says He Is ‘Very Optimistic’The debt ceiling debate has really come down to one thing, spending. House speaker McCarthy says they’re close but no deal yet.
Read More Alicia Summers speaks with a financial expert about the debt ceiling debacle and other top economic stories