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Sen. Lindsey Graham (R-S.C.) took aim at the defense spending proposed in the debt ceiling deal, saying on Sunday that adopting what he labeled as President Biden’s defense budget would be a “joke.” “I want to raise the debt ceiling, it would be irresponsible not to do it,” Graham told Shannon Bream on “Fox News…
Speaker Kevin McCarthy said on Sunday that the student loan payment pause is “gone” in the debt ceiling deal announced by the California Republican and President Biden late Saturday night. “The pause is gone within 60 days of this being signed. So that is another victory because that brings in $5 billion each month to…
Conservative House Republicans are already voicing criticism about the agreement in principle to cap spending and raise the debt ceiling announced late Saturday as the White House and GOP leadership work to avoid a default on the nation’s debt. Rep. Dan Bishop (R) tweeted a vomiting emoji to express his thoughts on the proposed…
Negotiators for President Biden and Speaker Kevin McCarthy (R-Calif.) struck an agreement late Saturday on government spending that will raise the debt ceiling and avert a looming default. The deal, which must still make its way through the House and Senate in the coming days, came together after days of intense negotiations to resolve disagreements…
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…
Top leaders in both parties reached a long-sought deal on Saturday to avoid an unprecedented government default, announcing an agreement on a plan to lift the debt ceiling for two years and apply new caps on federal spending over the same duration. To get there, negotiators had to iron out their differences on a small…
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…
House Speaker Kevin McCarthy (R-Calif.) said Saturday that Congress will meet the deadline to raise the debt ceiling, acknowledging that no deal has been made but vowing an agreement will be reached in time to prevent a government default. Treasury Secretary Janet Yellen raised the stakes in the marathon negotiations on Friday, when she provided…
A top Republican negotiating with the White House on a debt-ceiling deal said Saturday that “a narrow set” of sticking points have prevented the sides from reaching an agreement, and it’s unclear if those issues will be resolved quickly or require talks to continue through the holiday weekend. Heading into the Speaker’s office in the…
The negotiations between President Biden and Speaker Kevin McCarthy (R-Calif.) on raising the debt limit has put the Senate in the backseat, fueling anxiety among the upper chamber’s conservatives that the deal will be a major disappointment. Sen. Mike Lee (R-Utah) is threatening to use every procedural tool available to slow down the legislation,…