Tag: US President Joe Biden

President Joe Biden signed the Fiscal Responsibility Act on Saturday, suspending the debt ceiling for 19 months and bringing a monthslong political battle to a close. The compromise legislation negotiated by Biden and House Speaker Kevin McCarthy (R-Calif.) passed both houses of Congress with bipartisan support this week, averting a potential default on the nation’s financial obligations. “Passing this budget ...

President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) will meet on May 22 for in-person talks on resolving the debt ceiling crisis. Over the weekend, negotiations between representatives from each side stalled as both doubled down on their demands. Rep. Garret Graves (R-La.), the lead negotiator for Republicans, told reporters on May 19 that Biden’s negotiators were being “unreasonable.” ...