Biden says debt deal 'very close' with default deadline now set at June 5
Headline from WCNC
Any compromise will need support from both Democrats and Republicans to pass in Congress. A federal default on the national debt could send the economy into chaos.
WCNC's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
President Joe Biden said a deal to resolve the government's debt ceiling crisis seemed ''very close'' late Friday, even as the deadline for a potentially catastrophic default was pushed back four days until a week from Monday.
Treasury Secretary Janet Yellen says the debt ceiling deadline is now June 5, days later than previously estimated. The announcement Friday is a turn of events that could drag negotiations
The Treasury estimates the country could default on its loans early next month. But negotiators are still hashing out key provisions including work requirements and permitting reform.
Any compromise will need support from both Democrats and Republicans to pass in Congress. A federal default on the national debt could send the economy into chaos.
US president’s optimism comes despite work requirements for federal food aid recipients emerging as point of contention; Yellen warns of catastrophic consequences of failure to act
The Treasury estimates the country could default on its loans early next month. But negotiators are still hashing out key provisions like whether to expand work requirements for federal assistance.
The Treasury estimates the country could default on its loans early next month. But negotiators are still hashing out key provisions like whether to expand work requirements for federal assistance.
WASHINGTON (AP) — Time running short, the government announced a new June 5 default deadline late Friday, threatening to send the White House and Republicans toward more cliff-edge negotiations over c
US President Joe Biden was optimistic about the US averting a technical default. Republicans have refused to raise the nation's debt limit unless Democrats make concessions on spending plans.
Work requirements for federal food aid recipients have emerged as a final sticking point in negotiations over the looming debt crisis, even as President Joe Biden said Friday that a deal is “very close.”
WASHINGTON (AP) — President Joe Biden said a deal to resolve the government’s debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic default was pushed back to June 5 and seemed likely to drag negotiations between the White House and Republicans into…
