The deal to raise the debt ceiling bolsters President Biden’s argument that he is committed to bipartisanship, but it comes at the cost of rankling many in his own party.
Tag: House of Representatives
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Biden and McCarthy Reach Debt Ceiling Deal to Avert U.S. Default
With the government on track to reach its borrowing limit within days, negotiators sealed an agreement to raise the debt ceiling for two years while cutting and capping certain federal programs.
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White House and G.O.P. Strike Debt Limit Deal to Avert Default
With the government on track to reach its borrowing limit within days, negotiators sealed an agreement in principle to raise the debt ceiling for two years while cutting and capping certain federal programs.
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Hard-Right Republicans Gird for ‘War’ on Debt Ceiling Deal
As a top negotiator said an agreement was “hours or days” away, an ultraconservative group of lawmakers harshly criticized its emerging contours.
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Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout
The Treasury secretary, who considered ways to contain the fallout of a default when she was a Fed official in 2011, had urged Democrats to raise the limit while they still had control of Congress.