President Joe Biden and House Speaker Kevin McCarthy reached the agreement just days before the default deadline. CBS2's Cristian Benavides reports.
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President Biden, House Speaker Kevin McCarthy strike tentative debt ceiling dealPresident Biden and House Speaker Kevin McCarthy have struck a tentative deal to raise the debt ceiling on Saturday night, sources close to the talks have said. The deal to raise the government&82…
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Biden and GOP reach tentative deal to raise debt ceiling and avoid calamitous US defaultWith the outline of an agreement, a legislative package can be drafted in time for votes in Congress next week, ahead of a projected June 5 federal default. Negotiators agreed to some Republican demands for enhanced work requirements on recipients of food stamps.
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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation’s legal debt ceiling late Saturday.
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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an 'agreement in principle' late Saturday as they raced to strike a deal to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline, the House speaker said.
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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline.
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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous U.S. defaultPresident Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis. McCarthy outlined the proposed deal Saturday night. Biden and McCarthy spoke by phone earlier in the evening as they raced to prevent a catastrophic debt default.
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