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BBCNEWS BBC July 6, 2024

one hand you had democrats and president biden s singh raise the debt ceiling without adding any caveats, without any spending cuts, just do a clean raise, but republicans were pushing for some spending cuts, and needed to find some sort of middle ground here and it seems as though they d got to that point where it would raise the debt limit to 2025 which gets us to the next election cycle in exchange for cuts to things like tighter restrictions on some social safety net programmes like food stamps, allowing for more energy permitting which is something we ve seen republicans really being pushed for here. 50 republicans really being pushed for here. , ., here. so president biden and kevin mccarth , here. so president biden and kevin mccarthy. the here. so president biden and kevin mccarthy, the speaker here. so president biden and kevin mccarthy, the speaker of here. so president biden and kevin mccarthy, the speaker of the - here. so president biden and kevin i ....

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BBCNEWS BBC News Now June 4, 2024 11:30:00

We start in the us, where later today the house of representatives will vote on a controversial deal to raise the us debt ceiling. the deal was hammered out over the weekend with republicans agreeing to increase the amount of money the government can borrow in return for cuts to federal spending. president biden and the house speaker, kevin mccarthy, are trying to convince their own parties to support the bill, but several republicans on the right say they gave up too much. if the bill isn t approved by next monday, the united states risks defaulting on its debt. live now to new york with cbs correspondentjared hill. thanks forjoining us. why has it taken so long to get to this point? what does this deal actually consist of? ., , ., , ., , what does this deal actually consist of? ., , . ,., , ., what does this deal actually consist of? ., , ., ,., , .,, ., ~ of? one of the big reasons has taken this lona to of? one of the big reasons has taken this long to get of? one of the big reas ....

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