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All Eyes on Debt Limit Votes in the House - Over the weekend, President Biden and Speaker of the House McCarthy (R-CA) reached a deal to raise the debt limit for two years. ....
The bill was signed into law by President Biden, avoiding a default on U.S. government bonds. The conflict between the Biden administration, which calls for an increase in the US government's debt ceiling, and the opposition Republican Party, which strongly calls for spending cuts, has continued. An agreement was reached on the 28th of last month. The bill was passed by a bipartisan majority of lawmakers in the House of Representatives on the 31st, and was voted on in the plenary session of the Senate on the 1st. ....
Counterpunch.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from counterpunch.org Daily Mail and Mail on Sunday newspapers. ....
President Biden and Speaker of the House McCarthy reached a deal called the Fiscal Responsibility Act to raise the debt limit for two years. If the bill advances out of the House, the Senate needs to pass it prior to Monday, June 5 as Yellen announced June 5 is the deadline. ....