Debt ceiling deal appears in reach ahead of U.S. holiday weekend - National | Globalnews.ca

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Debt ceiling deal appears in reach ahead of U.S. holiday weekend

The deal would specify the total amount the government could spend on discretionary programs like housing and education, according to a person familiar with the talks, but not break that down into individual categories. The two sides are just $70 billion apart on a total figure that would be well over $1 trillion, according to another source.

“I don’t think everybody’s going to be happy at the end of the day. That’s not how the system works,” McCarthy said. Biden has resisted Republican proposals to stiffen work requirements for anti-poverty programs and loosen oil and gas drilling rules, according to Democratic Representative Mark Takano.

 

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