Biden, McCarthy push forward towards deal on US debt ceiling

WASHINGTON  -President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government’s $31.4 trillion debt ceiling and avoid an economically catastrophic default. After a monthslong standoff, the Democratic president and the speaker of the House of Representatives on Tuesday agreed to negotiate directly on a deal. An agreement needs to be … Continue reading Biden, McCarthy push forward towards deal on US debt ceiling