In a moment of rare bipartisanship, President Joe Biden and House Speaker Kevin McCarthy have reached an agreement to suspend the debt limit and reduce deficits by $1.5 trillion over the next decade. Praising the commitment of both sides to working in good faith, President Biden addressed the nation from the Oval Office, expressing his…
House Speaker Kevin McCarthy expressed confidence on Sunday that a bipartisan majority in Congress would approve a compromise in the coming days to raise the nation’s debt ceiling and avoid a historic default that could have severe economic consequences. McCarthy, along with two Republican negotiators, spoke to reporters about the agreement they brokered with President…
President Joe Biden and House Speaker Kevin McCarthy engaged in direct negotiations on Monday to address the pressing issue of raising the federal government’s debt ceiling. With the country on the brink of defaulting on its bills, the meeting took place amidst mounting urgency to find a resolution before the June 1 deadline. The discussions…
Introduction Senator Chris Van Hollen, a Democrat from Maryland, has placed blame on House Republicans, particularly Speaker Kevin McCarthy, for the escalating debt ceiling crisis in the United States. As negotiations between the White House and lawmakers intensify to avoid a potential default, Van Hollen expressed deep concern about the current situation, characterizing it as…
