Page 4 - Representative Dan Bishop News Today

The House speaker cites

The deal struck on Saturday by Biden and McCarthy offers a lot for the two parties not to like. Read more at straitstimes.com.

With the right and the left up in arms about the agreement in principle reached by the president and the speaker, both sides started to make the case for its quick passage, a tall order in Congress.

A default would trigger a US recession, risking a global economic meltdown

WASHINGTON: US President Joe Biden and Republican leader Kevin McCarthy said they were confident Sunday (May 28) of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite scepticism from some lawmakers on both sides of the aisle. The tentative agreement reached Saturda

As a top negotiator said an agreement was “hours or days” away, an ultraconservative group of lawmakers harshly criticized its emerging contours.

Debt ceiling negotiations are at a fever pitch, with House Speaker Kevin McCarthy and President Joe Biden planning a phone conversation in the near future.

With right-wing Republicans all but certain to oppose any bipartisan compromise, the speaker has a narrow path to push one through the closely divided House.

Freedom Caucus members are demanding greater spending austerity than some Democrats will accept.

By David Morgan WASHINGTON (Reuters) - President Joe Biden and Republican U.S. House Speaker Kevin McCarthy have voiced growing confidence about strik...