Crunch deal to raise US debt ceiling passes through House of Representatives
A crunch deal to raise the US debt ceiling has been voted through by the House of Representatives. The agreement – which aims to avert a potentially catastrophic scenario where the US defaults on its national debts – passed through the Republican-majority House by 314 to 117 votes. The proposal will now move to the […]
Joe Biden and House Speaker Kevin McCarthy reach ‘agreement in principle’ on raising US debt ceiling
President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” on raising the US debt ceiling, according to sources in Washington. The tentative deal would bring to an end the months-long stalemate between the Republican controlled Congress and Democrat run White House. Currently, the debt ceiling stands at $31.4trn with the […]
