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What House Republicans got in return for pushing the US to the brink
House Republicans pushed the U.S. to the edge of a fiscal crisis because they wanted deep cuts in government spending. So, based on the tentative deal announced on May 27, 2023, how did they do? In broad strokes, the deal would suspend the debt limit until January 2025, freeze nondefense discretionary funding at current levels […]
McCarthy says he’s brokered a debt limit deal with White House to avert default
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 […]
With debt default as soon as a week away, U.S. House jets off for holiday break
WASHINGTON — U.S. House members walked down the steps of the Capitol building Thursday morning to head back to their districts for a Memorial Day recess exactly one week before the country could default on the debt. House Democrats took to the floor after the final vote of the week to give a series of […]