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If compromise is an evil, then it’s a necessary one for our republic to work. Without it, I fear we’ll default on more than the national debt. What’s at stake here is democracy itself.
Bringing Taiwan to the World and the World to Taiwan
The Republican-controlled United States House of Representatives approved a bipartisan bill on Wednesday with help from Democrats to suspend the US debt ceiling for two years and limit federal spending to avoid a disastrous, and unprecedented default.
President Biden, House Speaker McCarthy urge suspension of government borrowing limit until January 2025
The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election and avert a destabilising US default.