President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis.
But as another day dragged on with financial disaster looming closer, it had appeared some of the problems over policy issues that dogged talks all week remained unresolved.
McCarthy, who dashed out before the lunch hour Saturday and arrived back at the Capitol with a big box of takeout, declined to elaborate on those discussions. One of his negotiators, Louisiana Rep. Garret Graves, said there was “not a chance” that Republicans might relent on the work requirements issue.
All sides also are hearing from other lawmakers, including Sen. Kyrsten Sinema, the independent from Arizona, who has been in the center of big policy debates, and Rep. Josh Gottheimer, D-N.J., of the bipartisan Problem Solvers Caucus. Any deal would need to be a political compromise in a divided Congress. Many of the hard-right Trump-aligned Republicans in Congress have long been skeptical of the Treasury’s projections, and they are pressing McCarthy to hold out.
Current law applies those standards to recipients under the age of 50. The GOP plan would raise the age to include adults 55 and under. It would lower the number of exemptions that states can grant to some recipients subject to those requirements.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House Upholds President Biden’s Solar Tariff Veto - CleanTechnicaToday the U.S. House of Representatives failed to achieve the two-thirds majority necessary to override the President’s veto of the Congressional Review Act legislation that would overturn his two-year solar tariff moratorium.
Read more »
House Democrats Are Clearly Not Happy With Joe Biden’s Handling of the Debt Ceiling FightAfter a bitter stalemate over the debt ceiling, Republican negotiators, who are using the risk of economic calamity to extract spending cuts from Democrats, unveiled the contours of a deal with the White House Thursday.
Read more »
LSU's Sa'Myah Smith Passes Out During President Biden's Speech At White HouseLSU player Sa'Myah Smith passed out during the Tigers' visit to the White House ... but thankfully, she's doing okay.
Read more »
President Biden to Honor UConn Men’s Basketball Team at White HouseThe 1999 Huskies were honored by President Bill Clinton, the 2004 Huskies were honored by President George W. Bush, and President Barack Obama honored UConn in both 2011 and 2014.
Read more »
President Biden, House Speaker Kevin McCarthy strike tentative debt ceiling dealPresident Biden and House Speaker Kevin McCarthy have struck a tentative deal to raise the debt ceiling on Saturday night, sources close to the talks have said. The deal to raise the government&82…
Read more »
Opinion: I just went to D.C. to lobby Joe Biden to save Friendship Park. If only he'd listen.Opinion: I just went to D.C. to lobby Joe Biden to save Friendship Park. If only he'd listen. [Opinion]
Read more »