• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

    May 9, 2025

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Politics»Kevin McCarthy, Joe Biden Reach Debt Ceiling Agreement
Politics

Kevin McCarthy, Joe Biden Reach Debt Ceiling Agreement

May 28, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
mccarthy debt ceiling agreement
Share
Facebook Twitter LinkedIn Pinterest Email

Speaker of the House Kevin McCarthy and President Joe Biden reached an agreement to raise the debt ceiling, McCarthy announced Saturday.

“I just got off the phone with the president a bit ago. After he wasted time and refused to negotiate for months, we’ve come to an agreement in principle that is worthy of the American people,” the Speaker tweeted.

Flanked by chief GOP negotiators Rep. Garret Graves of Louisiana and Patrick McHenry of North Carolina, McCarthy announced at a late-night press briefing that while the negotiators still have work to do, their agreement has “historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, reign in government overreach.”

“There are no new taxes, no new government programs. There’s a lot more within the bill. We still have more work to do tonight to finish all the writing of it,” he added while declining to take questions from reporters. (RELATED: ‘Outrageous’: Freedom Caucus Demands McCarthy Hold The Line On Debt Ceiling Talks)

McCarthy did not release more information about the agreement, saying he would not do so until he briefs the House Republican Conference. The Speaker added he would release the bill’s text Sunday and schedule a vote for Wednesday, May 31. The House was originally scheduled to be on its Memorial Day recess through the week though members were told they would receive 24 hours’ notice to return to Washington to vote once a deal has been reached.

Sent out to Republicans on McCarthy-Biden deal: pic.twitter.com/d2dmTcYEvW

— Michael Ginsberg (@mikeginsberg98) May 28, 2023

According to a fact sheet distributed by McCarthy to congressional Republicans, the Fiscal Responsibility Act will roll back non-defense discretionary spending to Fiscal Year 2022 levels. It will also resume student loan payments and cap federal spending increases to one percent per year over a six-year period. It also includes work requirements for welfare recipients and permitting reform, both of which were originally passed in the Limit, Save, Grow Act at the beginning of May.

See also  Experts Warn Against Biden Circumventing Supreme Court On Student Debt

Treasury Secretary Janet Yellen said Saturday the federal government will default on its debts by June 5, later than initial estimates for June 1.

Agreement Biden ceiling debt Joe Kevin McCarthy reach
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What the US Exit From the Information Technology Agreement Means for America and the World

April 14, 2025

Why Mongolia’s Debt Market Is Attracting Strong Investor Appetite

March 26, 2025

Uncovering The Hidden Burden Of Timeshare Debt

March 14, 2025

The Case for a Taiwan-US Semiconductor Agreement

March 12, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Efforts To Protect Condors From Avian Influenza Move A Step Closer

July 24, 2023

U.S. Navy Deploys Guided-Missile Submarine to Middle East amid Iran Tension

April 13, 2023

EXCLUSIVE: Rep. Clyde Slams House Leadership For Threatening To Pull His Second Amendment Bill Over Debt Ceiling Vote

June 3, 2023

Gender Changes for Kids a ‘Medical Scandal’ of the Century

April 3, 2023
Don't Miss

How Smart Mattresses Improve Sleep Quality For Couples

Lifestyle May 9, 2025

Sharing a bed with your partner can be romantic… until it’s not. One of you…

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,111)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,628)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

New Yorkers are angry about migrant crisis, and they’re blaming Democrats, poll shows

August 31, 2023

David Copperfield Claims He Will ‘Make the Moon Disappear’

October 28, 2023

Johnson & Johnson Letting Nonprofit Distribute Life-Saving Generic Tuberculosis Drug—Greatly Expanding Access In Poorer Countries

July 16, 2023
Popular Posts

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.