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May 30, 2023
Tim Graham/Getty Images(WASHINGTON) -- A critical deal to raise the nations debt ceiling was announced over the weekend, and lawmakers in Washington now face one week to pass the bill in both chambers of Congress before the predicted deadline when default would begin. Unless the $31.4 trillion borrowing limit is increased, the U.S. will run out of cash to pay all of its bills in full and on time -- the so-called "X-date" -- as early as June 5, according to Treasury Secretary Janet Yell...
May 30, 2023
As the full text of the debt limit deal is released, reactions are streaming in.Let’s start with the Democrats, who had been pretty quiet as the early details leaked. Rep. Pramila Jayapal (D-WA), who chairs the House Progressive Caucus, told CNN that she is waiting on the legislative text to make a ...
May 30, 2023
Members of Progressive and Freedom House caucuses appear to be up in arms about the Biden-McCarthy compromise debt ceiling deal. Could they derail the Wednesday vote?
May 30, 2023
Tim Graham/Getty Images(WASHINGTON) -- A critical deal to raise the nations debt ceiling was announced over the weekend, and lawmakers in Washington now face one week to pass the bill in both chambers of Congress before the predicted deadline when default would begin. Unless the $31.4 trillion borrowing limit is increased, the U.S. will run out of cash to pay all of its bills in full and on time -- the so-called "X-date" -- as early as June 5, according to Treasury Secretary Janet Yell...
May 30, 2023
Specifically and is the white house confident they can bring them on board? >> this didnt come as too much of a surprise, ana, to the white house and to president biden who had been working the phones speaking with members of congress exactly about these kinds of concerns last week in the lead-up to the homestretch toward finalizing the tentative deal specifically talking about members like progressive caucus chair pramila jayapal who spoke with the president who told him directly the stricter w...
May 30, 2023
The GOP-controlled House of Representatives is expected to vote on the bill Wednesday.
May 30, 2023
The White House is leaving it to House Republican and Democratic leaders to secure the votes to pass a sweeping debt and spending bill.
May 30, 2023
49. but veterans, the homeless, and people who were in foster care are now exempt from those requirements. already, signs of disapproval from hard-liners on the right. >> im not willing to vote this country into more debt. >> and the left. >> do they still have to worry about the progressive caucus, and whether or not your caucus will support? >> yes. >> yes they do? >> yes, they have to worry. >> the message to house democrats who have reservations about this compromised bill? >> talk to me. >>...
May 30, 2023
After months of back and forth, House Republicans and the White House this weekend unveiled a deal on raising the nation's $31.4 trillion borrowing limit while implementing some caps on government spending and other policy changes. The legislation, which was released publicly on Sunday, will need to be approved by Congress within days to avert a historic default that could begin as soon as June 5, Treasury Secretary Janet Yellen has said. President Joe Biden has vowed to sign the debt deal ...
May 30, 2023
Republican and Democratic Senate leaders on Tuesday praised the bipartisan debt ceiling deal struck by President Biden and House Speaker Kevin McCarthy, despite hardliners in both parties criticizing the agreement for having too many compromises.