Debt Default

Biden praises McCarthy on debt deal

by
Biden Praises McCarthy on debt deal

In a moment of rare bipartisanship, President Joe Biden and House Speaker Kevin McCarthy have reached an agreement to suspend the debt limit and reduce deficits by $1.5 trillion over the next decade. Praising the commitment of both sides to working in good faith, President Biden addressed the nation from the Oval Office, expressing his … Read more

Biden and McCarthy Negotiate to Avoid Debt Default

by
Biden and McCarthy on Debt Default

President Joe Biden and House Speaker Kevin McCarthy engaged in direct negotiations on Monday to address the pressing issue of raising the federal government’s debt ceiling. With the country on the brink of defaulting on its bills, the meeting took place amidst mounting urgency to find a resolution before the June 1 deadline. The discussions … Read more