McCarthy and Biden make headway on debt ceiling negotiations
The House speaker cites
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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