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President Biden on Saturday hailed the tentative budget agreement struck between the White House and Speaker Kevin McCarthy’s (R-Calif.) team to avert a default and raise the debt ceiling. “The agreement represents a compromise, which means not everyone gets what they want,” Biden said in a statement. “That’s the responsibility of governing.” The president said…
Rep. Patrick McHenry (R-N.C.), a lead GOP negotiator in the debt-ceiling talks, said Saturday evening that major differences remain as the sides race to shore up a deal to prevent a government default. The impasse reached a point that President Biden and Speaker Kevin McCarthy (R-Calif.) were scheduled to hold a phone call in an…
Top Democrats and Republicans sent strong signals Friday night that they’re nearing an elusive agreement on a debt-ceiling increase to prevent an economy-rattling government default. While negotiators said it was too soon to announce a deal, both sides voiced confidence that they were within striking distance of a compromise to lift the government’s borrowing cap…