President Biden praised a bipartisan agreement that raised the debt ceiling and averted a calamitous debt default in a rare Oval Office speech Friday. He outlined how close the economy was to being thrown into a recession. He said millions of Americans would have lost their jobs. “There were extreme voices threatening to take America, […]
Tag: Debt deal
Some Republicans angry with Mccarthy debt deal
Anger over House Speaker Kevin McCarthy’s deal with President Biden to raise the debt ceiling is bubbling over, with some conservative members threatening to oust McCarthy as speaker. “This deal fails — fails completely — and that’s why these members and others will be absolutely opposed to the deal and we will do everything in […]
Mccarthy, Biden : Still No Debt Deal
The clock is ticking for President Joe Biden and House Speaker Kevin McCarthy to come to agreement to avoid a first-ever default on the nation’s debt. And although there are some positive signs suggesting they’re closer to a consensus, there is still no deal. They face a looming deadline, with Treasury Secretary Janet Yellen reaffirming […]