Bipartisan House Group Releases Debt Ceiling Compromise Amid Biden-McCarthy Standoff

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Bipartisan House Group Releases Debt Ceiling Compromise Amid Biden-McCarthy Standoff
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A bipartisan House group proposed a compromise framework to raise the debt ceiling amid a standoff between Joe Biden and Kevin McCarthy. See potential bias and similarities in coverage from FoxBusiness, axios, and thehill: DebtCeiling Politics

A bipartisan group of lawmakers on Wednesday unveiled a proposal to avoid a first-ever default on the national debt if House Republicans and President Biden fail to strike a deal.

The blueprint from the Problem Solvers Caucus – which includes 32 Republicans and 32 Democrats in the House – calls for suspending the debt ceiling through Dec. 31, 2023, and proceeding with the typical budget and appropriations cycle to"remove immediate pressure of defaulting on our national debt."

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