Biden, McCarthy reach final deal to prevent default, now must sell to Congress

  • 📰 WOKVNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

AP source: Biden, McCarthy reach final deal to prevent default, now must sell to Congress

"The agreement prevents the worst possible crisis, a default, for the first time in our nation’s history,” he said. “Takes the threat of a catastrophic default off the table.”

McCarthy, too, was confident in remarks at the Capitol:"At the end of the day, people can look together to be able to pass this.” Anxious retirees and others were already making contingency plans for missed checks, with the next Social Security payments due soon as the world watches American leadership at stake.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 247. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AP source: Biden, McCarthy reach final deal to prevent default, now must sell to CongressThe debt ceiling deal has come with just days to spare before a potential first-ever government default. On Sunday, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement that they must press Congress to pass. The completion of the agreement by the leaderswas confirmed by a person familiar with the situation and granted anonymity to discuss it. The compromise announced late Saturday risks angering some Democratic and Republican lawmakers as they begin to unpack the concessions that include spending cuts. McCarthy and Biden spoke Sunday evening as negotiators work to draft the legislative text.
Source: AP - 🏆 728. / 51 Read more »

McCarthy, Biden predict Congress will pass debt ceiling dealRepublican House Speaker Kevin McCarthy dismissed vehement opposition among party hardliners to a new agreement with President Joe Biden to suspend the $31.4 trillion debt ceiling, predicting that most House Republicans would support the deal
Source: Reuters - 🏆 2. / 97 Read more »

McCarthy, Biden predict Congress will pass debt ceiling dealU.S. House Speaker Kevin McCarthy predicted on Sunday that a majority of his fellow Republicans would support the deal to suspend the $31.4 trillion debt ceiling that he negotiated at the weekend with President Joe Biden. Hours later, the Democratic president said he was confident the legislation would pass both chambers of Congress to avoid a U.S. government default.
Source: YahooNews - 🏆 380. / 59 Read more »

McCarthy, Biden predict Congress will pass debt ceiling deal By Reuters*MCCARTHY, BIDEN PREDICT CONGRESS WILL PASS U.S. DEBT CEILING DEAL AHEAD OF JUNE 5 DEFAULT DEADLINE 🇺🇸 🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »

McCarthy confident that Congress will meet new debt limit deadlineHouse Speaker Kevin McCarthy said Saturday that Congress will meet the June 5 deadline to raise the debt ceiling.
Source: WashTimes - 🏆 235. / 63 Read more »

Biden, McCarthy reach debt limit agreement, per reportsPresident Joe Biden has reportedly struck a deal with House Speaker Kevin McCarthy to avoid plunging the United States into default.
Source: 10News - 🏆 732. / 50 Read more »