Tag: McCarthy
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McCarthy floats stopgap funding to prevent a government shutdown at the end of next month
Congressional leaders are pitching a stopgap government funding package to avoid a federal shutdown after next month, acknowledging the House and Senate are nowhere near agreement on spending levels to keep federal operations running.
Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress
President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation’s debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week.
Deadline looming, Biden and McCarthy narrow in on budget deal to lift debt ceiling
Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation’s debt ceiling and staving off an economically devastating government default.
Debt options abound, but can Biden, McCarthy strike a deal?
The White House and Congress could strike a deal to raise the debt ceiling in exchange for budget cuts. Or they could agree to a stopgap measure to keep paying the nation’s bills while negotiations continue. They also could let the negotiations unravel, sending the economy into chaos.
