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White House, Republicans Reach Deal to Avert US Default
Posted
May 28, 2023
Views
2,584
Likes
67
Comments
12
Engagement
3.06%
May 28, 2023
2,584
67
12
3.06%
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1:13Now PlayingWhite House and Republican negotiators reached a tentative deal late Saturday to raise the US debt ceiling and avert a default that threatened to send tremors through the global economy.
President Joe Biden and House Speaker Kevin McCarthy, who sealed the deal during a 90-minute phone call, must now shepherd the framework deal — reached after weeks of bitter discussions — to final legislative passage over the objections of hardliners in both parties.
McCarthy said he will talk with Biden again on Sunday and line the bill up for a vote on Wednesday.
“We still have a lot of work to do, but I believe this is an agreement in principle that is worthy of the American people,” McCarthy told reporters at the Capitol.
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