reductions

U.S. House Speaker Kevin McCarthy, front, with GOP Rep. Garret Graves of Louisiana at left, speaks briefly to reporters about a deal on the debt ceiling he said has been reached with the White House, on May 27, 2023. (Screenshot from speaker's office webcast)

McCarthy says he’s brokered a debt limit deal with White House to avert default
BY: and - May 27, 2023

WASHINGTON — House Speaker Kevin McCarthy announced a deal in principle Saturday night that would stave off a first-ever default on the nation’s debt as long as it can clear both chambers of Congress before June 5. The agreement would address the nation’s debt limit and include a “historic” reduction in spending, McCarthy said, though […]

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