Senate Majority Leader Chuck Schumer (D-N.Y.) praised President Joe Biden for reaching an agreement with Republicans to raise the debt ceiling, telling Senate colleagues to prepare for a weekend vote on passage of the deal. “I salute President Biden for protecting the American economy and delivering for American families by taking the threat of default…
Schumer Praises Biden–McCarthy Deal, Tells Senate to Prepare for Weekend Vote
May 28, 2023
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Jeffries Noncommittal on Democrat Support for Debt Ceiling Deal
May 28, 2023
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congressdebt ceilingDemocratsHouse Minority Leader Hakeem JeffriesPoliticsSpeaker of the House Kevin McCarthyUS
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House Minority Leader Hakeem Jeffries (D-N.Y.) was noncommittal on whether Democrats would support a debt ceiling deal negotiated between Republicans and the White House. On the evening of May 27, Speaker of the House Kevin McCarthy (R-Calif.) announced during a press conference that he and President Joe Biden had reached what he called “an agreement…
‘There’s So Much In This That’s Positive’: McCarthy Defends Debt Ceiling Deal Amid GOP Backlash
Speaker of the House Kevin McCarthy (R-Calif.) defended his tentative debt ceiling agreement with President Joe Biden amid backlash from his party. “There’s so much in this that’s positive,” McCarthy said during a May 28 appearance on Fox News Sunday. On the evening of May 27, McCarthy announced during a press conference that he and…
McCarthy Confident He Can Win Enough Votes for Tentative Debt Ceiling Deal
May 28, 2023
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Business & Marketscongressdebt ceilingeconomic policieseconomyExecutive BranchPoliticspresident joe bidenRepublicansSpeaker of the House Kevin McCarthyUS
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Speaker of the House Kevin McCarthy (R-Calif.) said he’s confident he can garner the votes for a tentative debt ceiling deal between Republicans and President Joe Biden. On the evening of May 27, McCarthy announced during a press conference that he and Biden had reached what he called “an agreement in principle that’s worthy of…
‘Surrender’: Chorus of Republicans Disappointed With Debt Ceiling Agreement
May 28, 2023
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Many Republicans are expressing their disappointment over some of the components inside the tentative debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.). McCarthy clarified details of the deal in a late Saturday night call with his GOP colleagues. A chorus of House Republicans took to Twitter to share their disappointment,…
Major Update on Debt Ceiling Talks
May 27, 2023
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…
McCarthy: White House, Republicans Reach Debt Ceiling Agreement ‘In Principle’
May 27, 2023
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Business & Marketscongressdebt ceilingDemocratseconomic policiesExecutive BranchJoe BidenKevin McCarthyMarketsPoliticsRepublicansUS
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…
McCarthy: White House, Republican Leaders Reach Debt Ceiling Agreement ‘In Principle’
May 27, 2023
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Business & Marketscongressdebt ceilingDemocratseconomic policiesExecutive BranchJoe BidenKevin McCarthyMarketsPoliticsRepublicansUS
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…
White House, Republican Leaders Reach Debt Ceiling Agreement ‘In Principle’
May 27, 2023
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Business & Marketscongressdebt ceilingDemocratseconomic policiesExecutive BranchJoe BidenKevin McCarthyMarketsPoliticsRepublicansUS
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The White House and House Republicans have reached an agreement in principle, House Speaker Kevin McCarthy announced on Saturday evening. “We still have a lot of work to do. But I believe this is an agreement in principle that’s worthy of American people,” McCarthy told reporters on Capitol Hill. “That’s historic reductions in spending, consequential reforms…
California Can’t Afford Newsom’s Revised Spending Plan: LAO
May 26, 2023
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Recent spending proposals outlined in Gov. Gavin Newsom’s May budget revision outpace revenues, with the chance the state can afford its spending levels less than one-in-six across a five-year period, according to a report released May 23 by the state’s nonpartisan Legislative Analyst’s Office. “If the Legislature adopts the Governor’s May Revision proposals, the state…
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