The California Republican confirmed that no deal has been struck but pledged an agreement will be made before the government goes into default and that all lawmakers will have at least 72 hours to read the bill before it comes to the floor for a final vote.
Treasury Secretary Janet Yellen on Friday pushed back the projected deadline when the U.S. will default if Congress doesn’t raise the debt limit. President Biden and Republican negotiators are working on a deal to raise the U.S. government’s $31.4 trillion debt ceiling after the Treasury Department cautioned that an impending default was likely without any action.
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