After weeks of negotiation and political posturing, and just days before potential default, sources told ABC News, House Republicans have reached an agreement in principle with the White House on Saturday.The welcome breakthrough comes just days before June 5 -- the date Treasury Secretary Janet Yellen warned the U.S. could run out of cash to pay all of its bills on time.Time is of the essence to push the deal through before potential default.
The House Freedom Caucus, a group of conservative hardliners who held up McCarthy's ascension to the speakership, signaled opposition to anything other than the Limit, Save, Grow Act passed last month. On the other side of the aisle, several progressive Democrats warned they would push back on any deal that gave too many concessions to Republicans.Economists have warned the U.S.
As the negotiations came down to the wire, Americans who depend on those checks expressed growing concern and anxiety surrounding their ability to pay rent, buy groceries and other daily expenses if default were to occur.
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