6/30/2023 0 Comments The duchess deal book 2![]() Mr McCarthy added: “I believe this is an agreement in principle that’s worthy of the American people.”Ī draft text of the agreement in legislative form was due to be published on Sunday, with Mr McCarthy saying he expected to bring it to a vote on the House floor as soon as Wednesday. Mr Biden insisted that the agreement reached with Mr McCarthy represented “a compromise, which means not everyone gets what they want”. ![]() She urged lawmakers to act quickly following Saturday’s deal. ![]() Janet Yellen, the US Treasury Secretary, has warned that the US will default on June 5 unless action is taken. ![]() If lawmakers do not raise the debt ceiling – which is currently set at $31 trillion (£25 trillion) – the US would be forced to default on its debt payments, potentially resulting in a worldwide recession. A failure to pass legislation in time would risk disaster for global markets, experts have warned. ![]()
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