White House And Republicans Reach Agreement In Principle To Raise Debt Limit
The agreement was reached with little time to spare, given a deadline of June 5. That is the date that Treasury Secretary Janet Yellen said that the U.S. government will default on its debt if the $31.4 trillion debt ceiling is not raised.Barack Obama Says Striking Writers Deserve "Fair Share" From Studios & Streamers; Ex-POTUS Promoting Netflix 'Working' Docuseries
For months, Biden and McCarthy have been engaged in a high stakes game of political brinksmanship. The president initially said that he would not engage in negotiations over anything other than a raising of the debt limit, warning of the dire consequences that would result to the U.S. and world economy should the country default.
“We now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” Yellen wrote on Friday. She had previously estimated the date as early as June 1, but provided an update as negotiations continued this week.
Wall Street markets closed higher on Friday in anticipation of a deal. But there has been a great deal of uncertainty around the talks, and the next step will be for congressional leaders to convince members to support the deal.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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.
Consulte Mais informação »
White House and Republicans reach a tentative deal to avoid U.S. defaultHouse Republicans have reached a tentative deal with the White House to address the nation's debt ceiling and avoid a default on U.S. sovereign debt.
Consulte Mais informação »
White House, Republicans Draw Closer to Debt Ceiling DealThe House of Representatives left for its Memorial Day weekend recess with no deal in place to raise the nation’s debt ceiling, as the White House and Republicans continued to wrangle over spending levels.
Consulte Mais informação »
No debt ceiling agreement as White House, Republicans eye specific cuts, including IRS funding: ReportsThe Biden administration and congressional negotiators led by House Speaker Kevin McCarthy have still not reached a deal on raising the debt limit and cutting spending.
Consulte Mais informação »
White House hits Republicans over work requirements in debt talksAdding work requirements to social safety net programs continues to be a key sticking point in negotiations.
Consulte Mais informação »
House Republicans reach agreement on debt ceiling, ABC News sources confirmBREAKING: House Republicans have reached an agreement to raise the nation's debt limit in principle with the White House, sources tell ABC News.
Consulte Mais informação »