White House news

• Harris says West Point graduates entering 'increasingly unsettled world’

  27-05-2023 19:43 via thehill.com
  
  Vice President Harris told graduates of the U.S. Military Academy at West Point that they are entering an “increasingly unsettled world” in the aftermath of the COVID-19 pandemic and with continued threats around the world. Harris said in her commencement address to the West Point graduates that the world has changed significantly since they began as students at the academy. She noted that the pandemic caused the deaths of millions and “upended” life for many more, t
  
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• McCarthy says Congress will meet June 5 debt ceiling deadline

  27-05-2023 17:09 via thehill.com
  
  House Speaker Kevin McCarthy (R-Calif.) said Saturday that Congress will meet the deadline to raise the debt ceiling, acknowledging that no deal has been made but vowing an agreement will be reached in time to prevent a government default.Treasury Secretary Janet Yellen raised the stakes in the marathon negotiations on Friday, when she provided the first hard deadline for when the government will be unable to pay down all of its obligations: June 5. Asked if Congress can meet that deadline,
  
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• GOP negotiator: Debt deal could take 'hours — or days'

  27-05-2023 16:01 via thehill.com
  
  A top Republican negotiating with the White House on a debt-ceiling deal said Saturday that “a narrow set” of sticking points have prevented the sides from reaching an agreement, and it’s unclear if those issues will be resolved quickly or require talks to continue through the holiday weekend. Heading into the Speaker’s office in the Capitol, Rep. Patrick McHenry (R-N.C.) said the final slog has been more complicated than he anticipated, as both sides have dug in on
  
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• Debt limit fight puts US on credit watch

  27-05-2023 14:00 via thehill.com
  
  The U.S. is on credit watch as high-stakes negotiations over the debt limit take center stage in Washington.Credit agencies are warning that the nation's stellar credit rating could be downgraded as the U.S. inches closer to running out of cash and defaulting on its roughly $31.4 trillion debt.
  Capitol Hill is getting nervous.“Most Americans treasure their individual credit rating and do everything they can to keep it as good as possible, at least if they have the circumstances that they c
  
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• White House, GOP getting ‘very close’ to budget and debt limit deal

  27-05-2023 04:17 via thehill.com
  
  Top Democrats and Republicans sent strong signals Friday night that they’re nearing an elusive agreement on a debt-ceiling increase to prevent an economy-rattling government default. While negotiators said it was too soon to announce a deal, both sides voiced confidence that they were within striking distance of a compromise to lift the government’s borrowing cap while taking steps to rein in deficit spending — legislation that took on greater urgency Friday afternoon
  
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• Rep. Dingell cancels trip to officiate wedding in Italy for possible debt vote

  27-05-2023 03:32 via thehill.com
  
  Rep. Debbie Dingell (D-Mich.) canceled a planned trip to officiate a wedding in Italy to remain available for a possible vote to raise the debt ceiling in the coming days. Dingell said Friday in an interview with The Hill on NewsNation that the situation where Congress even needs to vote to raise the debt ceiling for the country to avoid a potential default shows irresponsibility on the part of the members. “I also think it's irresponsible that we are in this situation right now
  
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• White House fights GOP on work requirements as budget talks drag on

  27-05-2023 01:52 via thehill.com
  
  The White House on Friday dug in with its opposition to Republican calls for stronger work requirements to be included in any budget agreement that would be paired with a debt ceiling increase.“House Republicans are threatening to trigger an unprecedented recession and cost the American people over 8 million jobs unless they can take food out of the mouths of hungry Americans,” deputy press Secretary Andrew Bates said in a statement. “This would be done through new, additional
  
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