BREAKING: House Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.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.
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.
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