Loan Digest

US House Rules panel to meet Tuesday on debt ceiling bill

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The U.S. House Rules Committee said it will meet on Tuesday afternoon to discuss the debt ceiling bill, which needs to pass a narrowly divided Congress before June 5, when the U.S. Treasury says it would run short of money to cover all its obligations.

"The Committee on Rules will meet Tuesday, May 30, 2023 at 3:00 PM ET ," the panel said in aThe deal, if approved, will prevent the U.S. government from defaulting on its debt and comes after weeks of heated negotiations between Biden and House Republicans. It has drawn fire from both hardline Republicans and progressive Democrats, but Biden and McCarthy are banking on getting enough votes from both sides.

McCarthy on Sunday predicted he would have the support of a majority of his fellow Republicans, and House Democratic leader Hakeem Jeffries said he expected Democratic support. The agreement would suspend the debt limit through Jan. 1 of 2025, cap spending in the 2024 and 2025 budgets, claw back unused COVID funds, speed up the permitting process for some energy projects, and include extra work requirements for food aid programs for poor Americans.would authorize more than $886 billion for security spending in fiscal year 2024 and over $703 billion in non-security spending for the same year, not including some adjustments.

Kanishka Singh is a breaking news reporter for Reuters in Washington DC, who primarily covers US politics and national affairs in his current role.

 

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:

 /  🏆 2. 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.

House Republicans, White House reach deal in principle to raise debt limit, sources tell ABC NewsHouse Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
Source: 6abc - 🏆 250. / 63 Read more »

House Republicans, White House reach deal in principle to raise debt limit, sources tell ABC NewsHouse Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
Source: ABC7NY - 🏆 592. / 51 Read more »

House Republicans, White House reach deal in principle to raise debt limit, sources tell ABC NewsHouse Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

House Republicans, White House reach deal in principle to raise debt limit, sources tell ABC NewsBREAKINGNEWS: House Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
Source: ABC7 - 🏆 67. / 68 Read more »

White House, GOP House leaders reach tentative debt ceiling deal to avert defaultBreaking: Negotiators for President Biden and Republican congressional leaders on Saturday night reached an 11th-hour agreement in principle to raise the debt ceiling, House Speaker Kevin McCarthy confirmed.
Source: CBSNewYork - 🏆 268. / 63 Read more »

House Republicans, White House reach deal in principle to raise debt limit, sources tell ABC NewsHouse Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
Source: abc13houston - 🏆 255. / 63 Read more »