JUST IN: Top White House and Republican negotiators on Saturday reached a deal in principle to raise the debt limit for two years, according to a published report.
Debt ceiing:
President Joe Biden and House Speaker Kevin McCarthy spoke on Saturday in an attempt to hammer out a deal.WASHINGTON — Top White House and Republican negotiators on Saturday reached a deal in principle to raise the debt limit for two years, avoiding a catastrophic default that loomed in early June, House Speaker Kevin McCarthy told reporters.that Saturday’s agreement in principle is “an important step forward.
. “That’s the responsibility of governing. And, this agreement is good news for the American people, because it prevents what could have been a catastrophic default and would have led to an economic recession, retirement accounts devastated, and millions of jobs lost.”The White House has invited House Democrats for a briefing, MSNBC reported.It is an important step forward that reduces spending while protecting critical programs for working people and growing the economy for everyone.
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House Republicans, White House reach deal in principle to raise debt limit, sources tell ABC NewsHouse Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
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House Republicans, White House reach deal in principle to raise debt limit, sources tell ABC NewsHouse Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
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House Republicans, White House reach deal in principle to raise debt limit, sources tell ABC NewsHouse Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
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