![]() ![]() House Minority Leader Hakeem Jeffries of New York said in a letter to Democratic colleagues that administration officials would brief House Democrats on the agreement at 5 p.m. There are no new taxes and no new government programs.”īiden told reporters at the White House on Sunday: "I’m going to call McCarthy now at 3 o’clock to make sure all the T’s are crossed and the I’s are dotted. Speaking to reporters in the Capitol late Saturday, McCarthy said the bill has “historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce and rein in government overreach. Treasury Secretary Janet Yellen has said the United States could default on its debt obligations by June 5 if lawmakers do not act in time to raise the federal debt ceiling.Ī look at what’s next as Congress rushes to pass an agreement: It also expands some work requirements for food-stamp recipients and tweaks an environmental law to try to streamline reviews to build new energy projects. That's in exchange for raising the debt limit for two years, until after the next election. To reduce spending, as Republicans had insisted, the package includes a two-year budget deal that would hold spending flat for 2024 and impose limits for 2025. ![]() ![]() The agreement includes spending cuts demanded by Republicans, but it is short of the reductions in the sweeping legislation passed by the Republican-led House last month. ![]()
0 Comments
Leave a Reply. |